All Article articles – Page 401
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Article47% of defined benefit pension transfers since 2015 were suitable
Less than half (47%) of 88 recommended defined benefit (DB) pension scheme transfers advised upon since October 2015 were suitable, according to a review by the Financial Conduct Authority (FCA).The review, which has been conducted over the past two years in order to update current FCA guidelines, assessed the advice ...
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Article19% of 66 to 71 year-olds working full or part-time to supplement pension
More than one in five (19%) of respondents between the ages of 66 and 71 are still working full or part-time to supplement their retirement incomes, according to research by Dunstan Thomas.Its survey of 1,002 UK adults aged 54-71 also found that over half (56%) are currently working, or are ...
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ArticleEXCLUSIVE: Employee Benefits Live 2017 launches Consulting Clinic
EXCLUSIVE: HR, reward and benefits professionals attending Employee Benefits Live 2017 will be able to attend free one-to-one consultancy sessions with leading employee benefits providers in a new Consulting Clinic.The Consulting Clinic, launching at Employee Benefits Live this year, will allow delegates to book on-the-day slots with employee benefits providers ...
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ArticleAllen and Overy increases pay by up to 4.7% for trainee and newly qualified lawyers
International law firm Allen and Overy has increased pay for its trainee and newly qualified lawyers by up to 4.7%.First year trainees will see their salaries increase from £42,000 a year to £44,000, and annual pay for second year trainees will rise to £49,000 from £47,000. Newly qualified lawyers will ...
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ArticleEXCLUSIVE: Deloitte to discuss gender pay gap reporting at Employee Benefits Live 2017
EXCLUSIVE: Emma Codd (pictured), managing partner for talent at professional services organisation Deloitte, will discuss recommendations and practicalities around gender pay gap reporting at Employee Benefits Live 2017.The session, titled ‘Gender pay gap reporting: getting it right’, will form part of the HR strategy conference stream on Tuesday 10 October.During ...
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ArticleEXCLUSIVE: 66% believe supporting staff at retirement is a valuable proposition
Employers want to help staff make informed decisions and two-thirds (66%) believe one of the key advantages to supporting staff at retirement is a valuable part of its employee valuable proposition, according to research by Employee Benefits and Nest.The Employee Benefits/Nest research, which surveyed 254 employer respondents in September 2017, ...
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ArticleEXCLUSIVE: 58% have conducted a pensions communication exercise
Just over half (58%) of respondents have carried out a pensions communication exercise within the last year, according to research by Employee Benefits and Nest.Employee Benefits/Nest Pension Research 2017, which surveyed 254 employees, found that Pension communications are high on the agenda for many employers, however, pension communication exercises were ...
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5 - Scheme type
Group personal pension (GPP) plans remain the most commonly offered type of scheme among respondents. Almost half (45%) of respondents to the Employee Benefits/Nest Pensions research 2017 offer a GPP as their organisation's primary scheme. Although the numbers have fluctuated over the years, GPPs have consistently topped the list of ...
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ArticleEXCLUSIVE: 43% of respondents believe employees have pension financial worries
More than two-fifths (43%) of respondents say their employees are concerned that they will experience a shortfall of money in retirement, according to research by Employee Benefits and Nest.The Employee Benefits/Nest research, which surveyed 254 employers in September 2017, reported that employees are concerned they do not have all the ...
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ArticleEXCLUSIVE: 43% worried about financial stability in retirement
Cropped shot of a diverse group of unidentifiable people holding hands in a circleFinancial security is a key issue for employees with just under one half (43%) concerned they will not have enough money in retirement, according to research by Employee Benefits and Nest.The uncertainty over financial stability at retirement ...
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Article39% believe it's too early to predict Brexit's impact on pensions
Over one-third (39%) of respondents feel that it's too early to assess what impact Brexit will have on pensions, according to research by Employee Benefits and Nest.While just under one-third (32%) believe that the outcome of the June 2016 referendum on the UK’s membership of the European Union (EU) will ...
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3 Key findings
The survey, which was carried out in September 2017 among readers of employeebenefits.co.uk, received 254 responses. Due to rounding, percentages may not add up to 100.Number of UK-based employees in respondents’ organisationsSample: All respondents (254)1-49 6%10-49 18%50-249 21%250-499 11%500-999 9%1,000-4,999 19%5,000-9,999 5%10,000-19,999 5%20,000 or more 8%Organisation typeSample: All respondents (247)Privately-owned ...
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2 Sponsor's comment
As the automatic-enrolment staging date period draws to a close, employers that made decisions about their pension scheme up to four years ago are coming into a review period. This review is an opportunity to look closely at pension schemes and to decide if previous choices are still offering value ...
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14-15 - The future
Financial security is a key concern for employeesJust over two-fifths (41%) of respondents believe uncertainty about how to make the best decisions when accessing pension benefits is an area of concern for their employees. While this continues to top the list of retirement concerns affecting respondents’ workforces, it has fallen ...
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13, Communications
When respondents’ organisation last undertook a pensions communication exercise. In the last year: 58%1-3 years: 30%4-5 years: 3%5 or more years: 1%They have never conducted a pensions communication exercise: 9%Sample: All respondents (200)The employees with whom the pensions communication exercise was conducted All staff: 86%All staff in the defined contributions ...
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ArticleCMS extends paid maternity and parental leave for UK staff
Law firm CMS has enhanced its paid maternity and shared parental leave packages for over 2,000 UK staff.Its enhanced maternity policy now allows new mothers to take 26 weeks of leave on full pay, followed by 13 weeks of leave on statutory pay. Previously, the firm offered 10 weeks of ...
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Article40% of expatriates do not have employer-provided medical benefits
Two-fifths (40%) of expatriate respondents say they are not provided with medical benefits by their employer, according to research by Cigna.Its 2017 Cigna 360 wellbeing survey: globally mobile individuals report, which surveyed 2,003 individuals who work in markets outside of their birthplace in Asia Pacific, Europe, Middle East, Africa, and ...
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Article83% value employer pension contributions
More than four-fifths (83%) of employee respondents whose employer currently contributes to their workplace pension value these contributions, according to research by The People’s Pension.Its survey of 1,008 UK employees and 500 UK-based HR decision makers also found that 54% of employees would increase the amount of money they contribute ...
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6-7 Government reforms
Pension reforms mean more employees looking for advice on retirement issuesSaving for retirement is high on employee’s agendaEmployees' desire for guidance continues to be prevalent due to the greater choice afforded to them following the introduction of the pension freedoms in 2015, with a third (33%) of respondents saying that ...
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ArticleDefined benefit pension funding deficit remains at £460bn at September 2017
The funding deficit for defined benefit (DB) pension schemes in the UK remained at £460 billion at the end of September 2017, according to research by PricewaterhouseCoopers (PWC).Its Skyval index, which is based on data relating to 5,800 DB pension funds and collected through the Skyval pensions platform used by ...