Personal Finance News

Since the introduction of auto enrolment in 2012, nine million people have been opted in to a workplace pension in the UK. Next month (April 2018) sees pension contributions increasing from the current 2%, to 5% made up of 3% from the employee and 2% from the employer. The following year this will grow to 5% and 3% respectively, totalling 8%.

Improving social mobility has long been a goal of successive governments in London and Cardiff Bay, and is a key issue in developing the professional accountants that we will need in the future.

While January can be a pretty depressing month, with Christmas and New Year celebrations over and the weather still cold and wet, it is also a great time to reflect on the year that has just gone and see what you can improve on in 2018.

Following the high profile restructuring of the British Steel Pension Scheme (BSPS) in August, it is being reported that Port Talbot steelworkers are being targeted by fraudsters and rogue financial advisors to hand over their pension pots. The BSPS Trustees have said that since March, it has already completed 700 transfers, with many more in the pipeline as many members want to take control of their pension entitlement.