The current rate of inflation and the threat of future inflation rises underpinned this year’s Spring statement. In this context, the Chancellor’s decision to reduce petrol duty by five pence in the pound should be welcomed. As should his unexpected changes to the National Insurance (NI) threshold and the planned reduction in basic rate income […]
Spring Statement 2022 Read More »
Our client, Aggregate Industries plc, has a significant cohort of people approaching retirement. For all of them retirement will be a life changing event. The business is concerned that individuals should have access to help in preparing themselves for the financial, social and mental challenges that lie ahead. Individuals have a combination of defined benefit
Pre-retirement planning Read More »
Being a pensions engagement business, yesterday’s budget was relatively light on the issues facing our clients. The main pensions features were: The Chancellor confirmed the triple lock mechanism would be abandoned, at least for one year. This means that the confirmed rate of increase to state pensions from April 2022 will be 3.1%. The government
Budget – October 2021 Read More »
You may be aware that this is Pensions Awareness Week. A good idea. So good that the clever people at Pension Geeks who started it all off have been acquired by pensions industry heavyweights Aegon. But is awareness enough or even the right phraseology? This is more than just semantics. The implication is that making
Pensions Awareness Week Read More »
There’s lots of noise across social media on the NHS Pension Scheme, especially about opting out. Some of this emanates from data which has recently become available following a Freedom of Information data request. (1) Is this a problem? Maybe. There are likely to be two main ‘opters out’ groups. The first will be those
NHS Pensions and Opting out Read More »
Episode 6 of the podcast is now live here or wherever you get your podcasts. We continue with our game of pensions bingo – all around DC pension schemes and what some of the key terms mean. Nigel won. He mentions this. Not so convinced about the chickens though. If you have 20 minutes have
Podcast – DC Pensions Bingo Read More »
There is an under-used salary sacrifice option available for employers to implement and offer to employees around pensions guidance and advice. This can be helpful for individuals as it allows them access to a pensions advisor or consultant for support with pension and related issues at a lower cost, making it more accessible. These can
Pensions Guidance/Advice – Paying Via Salary Sacrifice Read More »
A two-minute guide for HR Directors / Heads of Reward. The CIPD’s 2021 Health & Wellbeing at Work survey was published last month. Amongst its findings were that despite the increased focus on people’s mental health, employers need to do to more to support their employees’ financial wellbeing. Most employers recognise the moral and business case – money worries affect
Financial wellbeing – what does it mean and where do I start? Read More »
Star Wars Day is also our birthday. In the week that we turn three, our founder Laura reflects on who we are, what we’ve learnt, what has changed and where we are going now (three-minute read). Who we are I created Pen-gage because of a need. I’ve worked within the pensions sector for all my
It’s our birthday! Read More »
Our second podcast is here. Understand why planning more than just the pension is key and what really is a plan. Laura and Nigel will be chatting through social, mental, physical and financial factors which we should all think about when contemplating what our retirement might look like. These components are a significant part of
Podcast – your 25 year holiday Read More »
