Employees’ reluctance to find new jobs is driving down wages, says ONS
People Management – 30 April
Recent analysis from the Office of National Statistics (ONS) has suggested that slow movement in the job market is having an impact on the growth of wages. In both 2017 and 2018, only 10.9% of workers changed jobs, which is the best way to secure a pay rise. Experts have expressed concerns that these low levels risk social mobility going backwards.
Number of disability discrimination cases growing eight times faster than other tribunal claims
People Management – 29 April
According to new figures obtained by Fox & Partners through analysis of Ministry of Justice data, there has been a 37% rise in the number of disability discrimination claims brought before employment tribunals. The figure rose to 6,550 in 2018 and has risen more than eight times faster than the growth in all tribunal claims.
Union calls for investigation into gender pension gap
FT Adviser – 2 May
The equality and human rights commission has been asked to investigate the gender pensions gap, following claims by trade union, Prospect that it is worse than the gender pay gap. Prospect has argued that the government has ‘missed several opportunities to help women’. The union estimates the gap to be 39.5%.
Savers have accessed £25.6 billion through pension freedoms
Employee Benefits – 1 May
Since pension freedom reforms were introduced in April 2015, £25.6 billion has been accessed by retirement savers. Around 1.1 million individuals have taken advantage of these freedoms, and people now have far more control over their pension savings.
Plumbing firm forced to close following £400k pension bill
Pensions Age – 26 April
Criticisms of the Plumbing and Mechanical Services Industry Pension Scheme have been made, following the ‘risk of personal bankruptcy’. A plumbing company has had to close after it received a £395,200 bill from the pension scheme.