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Understanding the new State Pension

The Department for Work and Pensions (DWP) has unveiled a new communications campaign to raise awareness of the new State Pension that will be launched next year.

The new State Pension is available for those who reach State Pension Age on or after 6 April 2016 – and at present not many in the UK population are particularly familiar with the new proposals. 

The new campaign will use the tagline ‘State Pension is changing’, and we should all expect to see many references to this over the coming months. Employers may wish to share this page with their employees to ensure that the entire workforce is aware of the implications of such a change.

Should employers (or their employees) have more specific questions, please contact your usual Jelf Employee Benefits Consultant in the first instance.


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FCA weighs PPI compensation cut off

FCA directors are to hold talks about introducing a deadline for lodging payment protection insurance claims, Sky News reports. The misselling scandal has so far cost banks around £25bn in compensation payments. Recent trading statements shows banks have set aside hundreds of millions more to guard against future claims. But the regulator is to debate […]


CML reports 16% drop in interest-only loans

The number of interest-only loans outstanding has fallen by over 16 per cent in the past year, according to the Council of Mortgage Lenders. At the end of 2014, CML members reported that there were around 1.9 million pure interest-only mortgages outstanding and around 460,000 part interest-only mortgages – 300,000 and 160,000 fewer, respectively, than […]


Man and machine: The human face of robo-advice

Robo-advice tools which allow firms to automate certain parts of the advice process are being tipped to take off in the UK. While much attention has been focused on the launch of algorithm-based investment portfolios, other models are being developed which experts say could help advisers to reduce their costs while retaining the human touch. But […]


Steve Webb: Small pots problem is not the priority

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