Tag: pension

Phoenix Insights calls on government to expand employers’ legal requirements on workplace pension communications

Stuart Mitchell

To help narrow the gender pension gap, longevity think tank Phoenix Insights is calling on government to make it a legal duty for employers to inform staff of the impact that any changes in their working hours (and resultant earnings) may have on their pension contributions. This is based on its latest insight which shows there is a real need to help people better understand how working hours and earnings impact pension savings. One third of women (32%) reduce their hours for an extended period at points during their working…

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Over half of consumers want their pension invested responsibly to help tackle climate change

Stuart Mitchell

New research from mutual pension provider, Royal London, reveals more than half (57%) of consumers want their pension to be invested responsibly to help tackle climate change, with only one in ten (9%) saying they don’t want their pension invested responsibly. Despite this enthusiasm for responsible investment, only one in seven (15%) people who have a pension currently invest it responsibly. Of those who do not currently invest their pension responsibly, a third (33%) said they were more likely to do so once they had been given an explanation of…

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