DWP has now suggested that the opt-out rate for auto enrolment will be around 15%, which means that some nine million people will begin pension saving or increase their contributions as a result of AE.
The shock liberalisation of our pension system revealed in the Budget has won widespread praise but also raised some serious fears. Will it fuel a housing bubble and line the pockets of cruise ship operators and car dealers, or can people be trusted to make 'sensible' provision for their retirement years?
Pensions minister Steve Webb recently floated the idea that retirees could get a 12-month cooling-off period in which to switch annuity providers after signing up. He sees this as part of his aim of increasing competition in the annuity market.
Since pensions minister Steve Webb let slip that the proposed DC charge cap (promised for April 2014) will be delayed by a year, it's all been kicking off.
With the first month of 2014 almost behind us, our State Benefits Consultant is being kept busy with increasing levels of queries on the constantly changing rules affecting the State Benefits system.
The recent launch of the Sainsbury’s pensions modeller has delivered a quick and user-friendly resource for members of the Scheme to evaluate their pension savings.
The winners in the Engaged Investor Trustee Awards 2013 were announced at an awards luncheon last Wednesday – and we were delighted to see some of our clients among them.
We’re delighted to hear that our client, the BBC, has been shortlisted for ‘best member communications’ in the 2013 Awards for Excellence in Institutional Pensions.
The website for the Western United Group Pension Scheme is now live, bringing to three the number of sites launched by Wordshop in as many weeks!
Wordshop is delighted to announce the successful completion of a website design and build project for Clarks, the global shoe company.