All Article articles – Page 662
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DWP launches consultation on money purchase pensions
The Department for Work and Pensions (DWP) has launched a consultation on money purchase pension schemes.The consultation, which is open to pension industry bodies, trustees or scheme managers, pension scheme members and employers, seeks to clarify the definition of money purchase included in section 29 of the Pensions Act 2011.The ...
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Pension comparison service launched
Pension PlayPen has launched an online service to help UK employers choose a workplace pension.The service, Cap (choose a pension), gives employers direct access to all major providers of contract- and trust-based pension schemes.The free service allows employers to access quotes, compare offerings and decide on the workplace pension that ...
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TPR DC code comes into effect
The Pensions Regulator has published its regulatory guidance for defined contribution (DC) pension schemes to sit alongside its DC code, which came into effect on 21 November.The code, which was consulted upon earlier in 2013, sets out practical guidance on how pension trustees can meet the underlying requirements of pensions ...
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Friends Life simplifies death-in-service claims process
Friends Life has simplified its death in service claims process by removing the need for claimants to show an original death certificate.The service, which provides financial support if an employee dies, will now verify the death in service instantly through the government records office.The online tool allows claims to be ...
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Leicester City Council launches salary sacrifice cars
Leicester City Council has launched a salary sacrifice car scheme for 13,600 eligible employees.The scheme, which is operated by Tusker, includes motor insurance, servicing and maintenance, roadside assistance, tyres and glass, plus protection against redundancy, resignation and maternity leave.Leicester City Council already provides employees with salary sacrifice arrangements on a ...
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Zenith launches electric car strategy
Zenith has launched an electric car strategy called e-motion.The strategy makes full electric, plug-in hybrid or range extenders available on its salary sacrifice and for company car schemes.It also includes:Advice to fleet managers on the use of electric cars.An online selector that determines whether or not an electric car is ...
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Scisys boosts employee pensions engagement
EXCLUSIVE: Scisys Group has seen 85% of its staff register to manage their pension scheme online and 47% opt to select their own investments following the launch of its workplace savings platform.The IT services developer has also seen 30% of employees increase their pension contributions and 35% log-in to view ...
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Wolseley UK launches flexible benefits
EXCLUSIVE: Heating and plumbing organisation, Wolseley UK, has launched a flexible benefits scheme for the first time.The scheme, Your Choices, includes dental insurance, a health cash plan, additional life assurance, life assurance for partners and personal accident insurance.It also includes a flex fund for all 6,200 employees, at 1% of ...
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Barclays C&ES launches DC investment consultancy
Barclays Corporate and Employer Solutions (C&ES) has launched a defined contribution (DC) investment consultancy for employers and pension trustees. The consultancy forms part of the organisation’s pensions platform, which was launched in September with Aegon and Zurich.Its aim is to improve the investment outcomes and structure for employees, provide a ...
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Retirement plans pushed back four years
Those approaching retirement are pushing back their retirement plans by an average of four years, according to research by pensions and investment provider NFU Mutual.Its research, which surveyed more than 2,000 UK adults, found that one in 10 respondents who are past the age of 55 and still working said ...
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Barclays and Danone win family-friendly employer awards
Atkins, Barclays, Danone and Royal Mail Group are among the employers recognised in the Workingmums.co.uk Top Employer Awards.The awards, which were presented earlier in November, recognise both large and small employers that have embraced the business benefits of flexible working and been proactive in creating a family-friendly working environment for ...
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Capita appoints senior investment consultant
Capita Employee Benefits has appointed Sam Roberts (pictured) senior investment consultant.Roberts joins from Lane Clark and Peacock (LCP) where he was a lead consultant with a specific focus on investment.In the new role, Roberts will provide a range of investment advice to both trustee boards and employers, including advice on ...
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Aon Hewitt launches guide to DC pensions
Aon Hewitt has launched a guide to defined contribution (DC) pension schemes.Achieving better member outcomes – a practical guide to DC pensions provides an overview to employers and trustees of all aspects of DC pensions.The guide covers:Understanding the plan and setting priorities.Improving savings rates.Investment strategies.Designing the default option.Making the right ...
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Government consults on defined ambition pensions
The government has published a consultation into its defined ambition pension scheme.The Department for Work and Pensions (DWP) introduced its proposals for a defined ambition pension in November 2012 in its paper, Reinvigorating workplace pensions.The defined ambition pension is designed to reshape workplace pensions for future generations, create more certainty ...
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Royal Mail staff must wait for full shares allocation
Royal Mail employees will not receive their full free share allocation until April 2014.Using calculations based on a maximum share price offer of 330p per share, the 150,000 eligible full-time employees were due to immediately receive around 725 free shares each, while part-time staff would receive a smaller number of ...
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London Luton Airport halves healthcare costs
EXCLUSIVE: London Luton Airport has halved its health insurance premiums and seen employee take up of its health benefits rise to nearly 100% over the past year.The airport launched a health cash plan, Mosaic, and hospital treatment insurance, with healthcare provider Westfield Health in 2012.Mosaic, which can be tailored to ...
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Aviva trains rehabilitation team in mental health first aid
Aviva has trained its 20-strong rehabilitation team to be mental health first aid instructors.The training, by Mental Health First Aid (MHFA) England, will support Aviva’s in-house clinical specialist psychiatric nurse and in-house clinical physiotherapist, as well as a dedicated team of rehabilitation case managers.They have been trained to recognise the ...
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Computershare acquires Kidsunlimited voucher business
Computershare Voucher Services (CVS) has acquired Kidsunlimited’s childcare voucher business from Bright Horizons, which had purchased it in April 2013.It has also formed a strategic partnership with Bright Horizons, which will build on the two organisations’ common goals and childcare expertise.The partnership will see CVS and Bright Horizons work closely ...
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Aetna International to acquire InterGlobal
Aetna International is to acquire InterGlobal from a group led by its majority shareholder, Alchemy Partners, for an undisclosed sum. InterGlobal has more than 65,000 medical members worldwide and specialises in international private medical insurance (PMI) for organisations and individuals in Africa, Asia, Europe and the Middle East.The transaction is ...
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Aberdeen confirms acquisition of Scottish Widows’ investment business
Aberdeen Asset Management has confirmed that it is to acquire Scottish Widows Investment Partnership (SWIP), as well as its private equity and infrastructure fund management businesses.The acquisition, which was first proposed in October, includes a long-term strategic relationship with SWIP’s parent company, Lloyds Banking Group.The consideration for the acquisition of ...