Car schemes have always been popular as options for salary sacrifice schemes; allowing people to choose vehicles that they may not ordinarily have been able to afford in return for a payment from their pre-tax salary. The latest car schemes also allow participants to fulfil a moral and environmental obligation as, from the 6th April 2020,
8th July 2021 — Read this story in full.
A new report from Standard Life Aberdeen has found that two thirds of people who will be retiring in 2021 don’t have enough money in their pension pots to sustain their retirement income. The report also found that although those retiring in 2021 plan to spend an average of £21,000 a year, which is around
17th May 2021 — Read this story in full.
It’s certainly safe to say that the past year has had its challenges, but I am hopeful that the end of the tunnel is in sight and that the road map out of lockdown remains on course. I have pleasure in attaching our new Insights Newsletter, and delighted to share some interesting articles provided by
1st April 2021 — Read this story in full.
What are health cash plans? Health cash plans are schemes that allow you to pay a monthly fee and in return you are entitled to have your routine medical and dental expenses covered. For example, you might pay £10 a month and that could cover up to £100 of dental costs, £100 of physio appointments
30th March 2021 — Read this story in full.
According to the Association of British Insurers, around 1.6 million pension pots worth £19.4 billion are unclaimed due to savers failing to contact their pension provider when they move house. Only 1 in 25 people contact their pension provider when they move house which causes many people to lose significant amounts of money which they
9th March 2021 — Read this story in full.
Employers claims that certain roles can only be fulfilled from the office may themselves be made redundant with almost half (45%) of British office workers believing that the pandemic will result in a ‘permanent change’ to their employers approach to flexible working. O2s ‘The Flexible Future of Work’ report, conducted by the telecoms giant in
4th March 2021 — Read this story in full.
The Chancellor confirmed in his budget earlier today that the furlough scheme will now run until September 2021. The furlough scheme is also called ‘The Coronavirus Job Retention Scheme’. Employees on furlough will continue to get 80% of their salary for hours not worked, up to £2,500 per month. From July 2021, employers will be
3rd March 2021 — Read this story in full.
The Government recently announced plans to expand its dormant asset scheme to include assets from the insurance and pensions, investment and wealth management, and securities sectors. This money will be used to aid the Covid-19 recovery. A dormant asset is defined as a financial product, for example a bank account, which has been left untouched
25th February 2021 — Read this story in full.
Significantly boosting employees’ communication about pensions could be as simple as changing the language used to describe them. A survey, by Invesco, Nest Insight and maslansky + partners, found some common misconceptions about pension savings, and identified the barriers when it comes to engaging with workplace finances. Its five key findings were that: 40% of the survey
12th January 2021 — Read this story in full.
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