IT’S five years since automatic enrolment started, with the UK-wide scheme having been launched in October 2012. Since 2012, £405 billion has been saved into workplace pensions – of which, £119 billion are employee contributions, £247 billion are employer contributions and £39.2 billion is tax relief, according to the Pensions and Lifetime Savings Association (PLSA).
SIR ISAAC NEWTON 50P COIN LAUNCHED
A NEW 50p coin celebrating Sir Isaac Newton has been launched.
Just 375 Sir Isaac Newton 2017 50p circulating coins are being released into tills at his birthplace of Woolsthorpe Manor in Lincolnshire – but more are also being released into circulation generally across the country.
The initiative is the result of a collaboration between the Royal Mint and the National Trust, to celebrate 375 years since his birth.
OLDER WORKERS ‘JUGGLING FAMILY NEEDS WITH THEIR OWN FINANCIAL FUTURE’
ONE in five over-50s workers are juggling their children’s or parent’s financial needs with their own retirement prospects, according to research from Aviva.
A third of over-50s with dependents say their children’s financial needs are the only reason they’re still working. One in 10 say the same of their parent’s financial needs, the research found.
83% OF CAR BUYERS ‘PLAN TO HAGGLE’
MORE than eight in 10 (83%) people intending to buy a car will haggle over its price, aiming to get an average price reduction of 12%, a survey has found.
Men are more likely than women to say they intend to haggle “very hard”, the research from Sainsbury’s Bank Loans found.
Male hagglers are also more likely to aim for a bigger price reduction, with 11% of them expecting to get 21% to 30% knocked off the price, compared to just 6% of female car buyers, according to the research among over 2,000 people from across the UK.