Tag: Pensions Industry

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Compact between old and young at risk of breakdown, say peers

The tacit deal between young and old to support each other through life could break down because of major problems with housing, work and tax, a 12-month parliamentary inquiry has concluded. The growth of the gig economy, soaring housing costs and fiscal giveaways for older people are driving a wedge between generations in Britain, according…
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October 23, 2021 0

Gig economy couriers should be eligible for a pension, says UK regulator

The head of the UK’s pension regulator has called on gig economy companies to recognise the employment rights of those who work for them and set up workplace pensions. Charles Counsell, the chief executive of the Pensions Regulator, said the government-backed body was already working closely with Uber on a workplace scheme after a supreme…
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October 7, 2021 0

Uber to pay pensions to all its UK drivers, backdated to 2017

Uber is to pay out millions of pounds in missed pension payments to UK drivers dating back as far as 2017 under a deal with the retirement savings watchdog. The ride hailing company was forced to guarantee its 70,000 UK drivers a minimum hourly wage, holiday pay and pensions in March this year after a…
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September 23, 2021 0