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Pensions blog

Pensions blog

Prospect's pensions officers blog about the issues that exercise their minds.


A man and woman check documents and make calculations

UK’s pension saving crisis – What next after auto-enrolment?

Auto-enrolment and the ‘People’s Pension’ provided by NEST, a universal pension provider, were introduced to tackle the UK’s emerging pension saving crisis because increasing numbers of people were heading towards retirement with little or no pension savings.


2014 Local Government Pension Scheme - What do I need to know?

How do the reforms introduced in 2014 affect members in the Local Government Pension Scheme? Our Assistant Pensions Officer, Stewart Mott, explains


Worried man

Further update on cashing in defined benefit pensions

This blog is an update on one written in January, with additional information relevant to members considering whether to cash in the pension they have built up in a defined benefit pension scheme. It is important to read this in conjunction with the earlier blog.


new pound coin

Why it can pay to pay into a pension

The vast majority of employers Prospect deals with have a long history of offering excellent quality pension schemes to their employees. The relatively small number who never previously did so, have been caught up by a relatively new legal duty to enrol employees into a pension scheme and contribute to...


Worried man

Facing a demand to repay pension overpayments?

The civil service pension scheme recently reported that overpayments of £22 million were made to pensioners over many years.