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Joe Vallender

Sift Media

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HR Zone Briefing #212 – £57 billion a year pension gap revealed


HR Briefing Issue 212
14 October 2004

1. 57 billion pounds a year pension gap revealed
2. TUC calls for compulsory pension contributions
3. Feature: Homeworking – benefit or burden?
4. The New HR Charter: Part 11a – Auditing HR
5. Any Answers – car benefits, contracts, relocation

Editor’s note

All eyes have been on the findings of the Adair Turner pensions
report. Britain has been living ‘in a fool’s paradise’ for a
quarter of a century, said the chairman of the Pensions
Commission and now we face a pensions shortfall of some 57
billion pounds a year.

The choices are three-pronged, save more, pay more tax or work
longer. Scroll below to read the full stories and for further
reaction from the TUC, CBI and BCC. HRZone invites you to share
your views on this important issue. How can Britain plug the
pensions gap? Would you be prepared to work until 70 or are you
in favour of compulsion? Get on your soap box, have your say
and tell us which of these stark choices gets your vote.


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HR Zone is one of the world’s leading online resources for
HR and training professionals.

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News and Features

A selection of newsworthy items from the site this week:

57 billion pounds a year pension gap revealed
A report by the chairman of the Pensions Commission, Adair
Turner says that the pensions problem is becoming so serious
that taxes will have to be raised to pay for better provision
while people will have to be encouraged to save more or workers
persuaded to work on past their retirement ages.

TUC calls for compulsory pension contributions
The news that we are living in a populous ‘fool’s paradise’ with
a serious pension shortfall is chilling news; the message is
clear we have three choices pay more tax, save more or work

Feature: Homeworking – benefit or burden?
Homeworking has a long way to go before it gains acceptance by
UK employers according to a recent survey or 640 companies
across Europe; Alison Wallace looks at the issues.

The New HR Charter: Part 11a – Auditing HR
Paul Kearns is an outspoken critic of HR practices that cannot
clearly demonstrate the value they add to organisations. In a
brand new series for HR Zone, Paul sets out a provisional
Charter for a new era of HRM; this week he looks at auditing HR.

Q&A Feature: Reg Ruffle on E-learning
Reg Ruffle of HRD & Payroll solutions talks frankly to HRZone
about the emergence of e-learning, what it is and how it can
help benefit business.

New NHS minimum wage tabled
Unison, the union representing workers in the public sector is
to put its acceptance of new NHS proposals to ballot; its
450,000 health members will vote on the far-reaching
recommendations which if elected will result in the biggest
shake up of pay and conditions since the NHS was created.

Unemployment falls but job market stagnates
Official labour market statistics show that the unemployment
rate fell by 51,000 between June and August to 1.39 million;
despite this good news professional body the CIPD argue that the
jobs market is at a standstill.

CIPD says migrant labour is essential
CIPD quarterly indicators say that restrictions on immigration
could hinder UK firms; the warning has been supported by Ram
Gidoomal, chair of the Employability Forum who has denounced
calls for a migration halt as ‘nonsense.’

Office politics is not a game of chance
Office politics is often portrayed as negative or damaging to an
organisation generally thought of as the domain of backstabbers,
gossip mongers or empire builders, but says a new report it can
actually bring positive benefits.

Oracle Human Resources Management System
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Click below to get your free collection of articles on today’s
most pressing HR topics.

More e-HR news and features:

More compensation and benefits news and features:

More payroll news and features:

More employee development news and features:

More employment law news and features:

Northgate HR
Northgate HR is the specialist HR & Payroll systems division of
Northgate Information Solutions. We provide HR, payroll, pension
and flexible benefits software and services to all organisations
from SMEs through to large blue chip and public sector bodies.
All of which are available through a range of deployment
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Any Answers is the place to go to share your professional
experiences with others. See the latest questions here:

Valerie Locke is unsure of the law regarding the withdrawal of
car benefits. Can you shed some light on the issue?

Katy wonders whether anyone can share an example of a director-
level contract or service agreement with her.

Rob McElfatrick is looking for some tips on relocation
strategies. Can you help?

Read all the latest questions and add your own:

Career opportunity – Michael Page
London based Retail Sector 25,000 pounds to 28,000 pounds
As an HR Advisor you will be responsible for providing advice
and guidance to the business on all aspects organisational
development, and employee relations. For further information
click here:

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Copyright (C) 2004 HR Zone. All rights reserved.
HR Zone, 100 Victoria Street, Bristol, BS1 6HZ
Tel:+44 117 915 9600 Fax:+44 117 915 9630

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Joe Vallender

Production Manager

Read more from Joe Vallender