All news – Page 90
-
Article
Employee Benefits/Lorica Employee Benefits defined benefit pensions research 2011
Download a PDF of the Employee Benefits/Lorica Employee Benefits DB pensions research 2011About two-thirds (65%) of respondents operate a defined benefit (DB) pension scheme, with final salary plans the most popular type. Most respondents’ DB plans are closed to new members or to future accrual. Larger employers are more likely ...
-
Article
IDS research: FTSE 100 directors see 49% rise in earnings
FTSE 100 directors have seen their total earnings increase by an average of 49% in the last financial year, and are now averaging £2,697,664 per year, according to research by Incomes Data Services (IDS).The IDS Directors’ pay report found the average rise for:Chief executive officers (CEOs): 43.5%Finance directors: 35%All other ...
-
Article
ONS research: Pension scheme membership lowest since 1950s
Active membership in workplace pension schemes fell to 8.3 million in 2010, according to research by the Office for National Statistics (ONS).The figures, from the Occupational pension schemes survey 2010, are the lowest since the 1950s.Of the active members, 5.3 million were in public sector schemes and three million were ...
-
Article
Mercer research: Half of employers expect to outsource pension administration
Almost half (45%) of employers are expecting to outsource the administration of their pension schemes over the next three years, according to research by Mercer and Chatham Partners. The research, from a poll of a cross-section of large private and public sector organisations, also found that a further 10% expressed ...
-
Article
Mercer research: One-fifth of employers have made plans for auto-enrolment
One-fifth (22%) of employers are some way into planning for auto-enrolment, according to research by Mercer.Among 200 private sector and public sector organisations, only 1% have already implementing their plan for auto-enrolment and another 1% are almost ready to deliver subject to final regulations.Only 2% of survey respondents said they ...
-
Article
Office Angels research: Salaries stall as number of jobseekers increases
Advertised salaries for administrative and non-professional services roles stalled in September, according to research by Office Angels and Mysalarychecker.com. The latest Salary watch recorded a marginal month-on-month fall (down 0.23%) in average salaries.According to Office Angels, as the number of jobseekers continues to rise, employers are increasingly able to take ...
-
Article
NAPF research: Over half of employees are likely to stay in the pension when auto-enrolled
As many as 57% of employees said they are likely to stay in the pension that they are automatically enrolled into from October 2012, according to research by the National Association of Pension Funds (NAPF).Among these pro-enrolment workers, 49% think it is a good deal to get 3% in contributions ...
-
Article
Taxman urges employers not to refer to employees as 'unknowns'
Employers are clearly not as in touch with their workforce as they claim to be as data sent to HM Revenue and Customs shows.In 2009/10, more than 500 PAYE forms incorrectly claimed to employ A N Other, 128 staff were entered as Mr, Ms or Mrs Dummy, and 40 employees ...
-
Article
Aon Hewitt research: 10% of pension schemes have funding-level triggers
One in ten pension schemes has funding-level triggers in place, according to research by Aon Hewitt.The survey, which covered schemes ranging in size from under £10 million to over £5 billion, found that the majority of funding-level triggers have been put in place within the last two or three years.Aon ...
-
Article
NAPF research: One in three accept a job without knowing about the pension
One-third (31%) of employees accept a new job with no idea about whether it comes with a pension scheme, according to research by the National Association of Pension Funds (NAPF).The survey, run by pollsters Populus, showed that 25% started their first day in a new job without knowing if a ...
-
Article
Metlife Assurance research: Four out of five employees would welcome advice on pensions
More than four out of five employees would welcome advice on pensions in the workplace, according to research by Metlife Assurance.The pensions risk transfer provider’s nationwide survey showed that, when given the option of receiving pensions advice from either their employer, an independent financial advisor (Ifa) or a government-sponsored approach, ...
-
Article
DLA Piper research: Employers encourage social media for work activities
Many employers (65%) actively encourage the use of social media for work-related activities, according to research by DLA Piper.The report, Knowing your tweet from your trend: keeping pace with social media in the workplace, addresses the problems that employers face keeping up with social media and the procedures that can ...
-
Article
Standard Life research: Most employees will not opt out when auto-enrolled into a pension
The majority (82%) of employees auto-enrolled into a pension scheme would not opt out when information is presented clearly and effectively, according to research by Standard Life.The Keep on nudging report found that, of those who would opt out when the 2012 pension reforms are implemented, a fifth said they ...
-
Article
LCP Ireland research: Irish DB pension liabilities fall by €2 billion
Defined benefit (DB) pension scheme liabilities of the top 30 publicly-quoted Irish organisations and 11 semi-state organisations fell by over €2 billion to €24 billion in 2010, according to research by LCP Ireland.Of the organisations analysed, the research found that approximately half had recognised a reduction in their pension liabilities ...
-
Article
Pension Protection Fund research: Pension scheme deficits increase by £80 billion
The aggregate deficit of pension schemes in the Pension Protection Fund (PPF) 7800 index has increased to £196.4 billion from £117.5 billion in just one month.Figures from the PPF show that the deficit of the 6,533 defined benefit (DB) schemes in the index increased by almost £80 billion from the ...
-
Article
Canada Life research: Employees in the dark about return-to-work support
Employees are in the dark about what support they would get from their employer to help them return to work following a significant absence, according to research by Canada Life.The insurer’s research showed that 32% of employees have no idea how their employers would support them, while 18% know they ...
-
Article
Hay Group research: Public sector salaries have risen 13% higher than private sector salaries over last decade
The pay gap between the public sector and private sector has been reversed, with salaries in the public sector rising by 13% more than their private sector counterparts over the last decade.Hay Group’s PayNet UK salary tracker: public versus private pay gap found that public sector pay, at the operative ...
-
Article
JLT Pension Capital Strategies research: FTSE 250 pension scheme deficit improves by £2 million
The total deficit in FTSE 250 pension schemes at 30 June 2011 was estimated to be £6 billion, an improvement of £8 billion from the position 12 months ago, according to research by JLT Pension Capital Strategies.The FTSE 250 and their pension disclosures research found that total deficit funding was ...
-
Article
Officebroker.com research: Office workers would take pay cut over losing colleagues
Nearly two-thirds (62%) of office workers would rather take a pay cut than see a colleague lose their job, according to research by Officebroker.com.The additional 38% said they would rather see their colleagues sacked in order to maintain or increase their current salary.To increase their earnings, respondents also said:48% would ...
-
Article
VocaLink research: Pay levels fall in private sector but grow in public sector
Pay levels in the private sector have fallen for the third consecutive month, while public sector pay levels have seen their highest growth this year, according to the VocaLink take-home pay index.Take-home pay in the private sector fell from 2.7% in August to 2.2% in September, while take-home pay in ...