Nurses in England say 5.5% pay rise is “not enough”
Nurses in England have expressed dissatisfaction with the government’s proposed 5.5% pay increase, claiming it falls short of their expectations.
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Tag: Pensions
How long should you be waiting for your pension funds to be transferred?
New research has shed light on the challenges faced by retirement planners in the UK when transferring their pension funds between providers.
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Seven million retirees to miss out on £460 state pension boost
Pensioners under the old system could face significant financial shortfalls next year, experts warn.
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Chancellor urged to raise state pension age to 68 in effort to “reduce misery” in Britain
A new report has called on Chancellor Rachel Reeves to raise the state pension age to 68 as part of a broader strategy to reduce public spending and improve overall wellbeing in the UK.
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Pay growth expectations hit lowest level since 2022, CIPD research reveals
UK employers’ expectations for wage growth over the next year have dropped to their lowest level since mid-2022!
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Public sector pension disparity raises concerns over sustainability
Public sector workers in the UK are set to receive pensions almost four times higher than those in the private sector.
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Government poised to approve pay rises for public sector workers
The UK government is expected to approve above-inflation pay rises for all public sector workers in the coming days, according to Sky News.
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The gender pension gap is getting larger
How much smaller are women’s pensions, and what should employers be doing to help close the pension gap?
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UK retirement age higher than USA
The UK is experiencing a more substantial rise in retirement age compared to the USA. What does this mean for HR?
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One in five to pay tax on state pension
A recent report reveals that some individuals are already paying income tax on their state pensions, despite Conservative promises to keep it tax-free.
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Gen X mid-lifers most likely to think they will never completely retire
New research from Aviva has unveiled that more than a quarter (28%) of those aged 25 to 54 believe they will never fully retire.
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40% would take a pay cut for better benefits
Two in five UK employees would willingly accept a lower salary in exchange for better employee benefits, such as income protection, death in service benefits, and hybrid working options!
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More than 40% think their office needs modernising
Nearly a quarter of respondents are not consulted regarding their preferences for the office workspace.
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50% of companies committed payroll errors during the last five years
A majority of companies faced payroll penalties over the last five years due to non-compliance issues.
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UK wage growth slows, but maintains edge over rising prices
Wage growth in the British job market has experienced a slowdown, yet it continues to outpace the increase in prices, according to official figures released by the ONS.
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UK state pension age projected to rise to 71
As the UK grapples with the challenges posed by increasing life expectancy and declining birth rates, experts suggest that the state pension age may need to be raised to 71 for middle-aged workers.
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