All Pensions articles – Page 103
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Supplier article
Japan: There is more medicine to come
By James Dowey, Chief Economist & CIO In a Q&A James Dowey, Chief Economist & CIO, looks at the recent impact of China on Japan and explains why the medicine itself of Abenomics – as distinct from the effects of the medicine – is extremely important for Japanese equities.Click here ...
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Supplier article
Uncertainty lifted with MPs behind Tsipras
Rob Burnett, Head of European EquitiesAlthough slightly down on their previous election result, Syriza managed to win just over 35 per cent of the vote in Sunday’s election, seeing off the challenge of New Democracy. While this is still short of a majority, Syriza will once again go into coalition ...
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ArticleTate and Lyle Sugars boosts pension contributions via salary sacrifice
EXCLUSIVE: Some 90% of Tate and Lyle Sugars’ employees have taken up pensions salary sacrifice since the arrangement was launched in July 2015. Following the introduction of salary sacrifice as part of the employer’s group personal pension (GPP) scheme, Tate and Lyle’s 560 UK employees’ pensions contributions have increased by ...
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Article92% view the introduction of auto-enrolment positively
Almost all (92%) of respondents believe that it was a good idea for the government to introduce auto-enrolment, according to research by Hargreaves Lansdown.Its survey of 635 employees, which marks almost three years since auto-enrolment’s initial implementation in October 2012, also found that just 30% of respondents are aware of ...
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Case StudiesPeel Ports Group puts staff at heart of reward strategy
The organisation is currently creating a deep-water terminal for containers, Liverpool 2, which will result in an expanded workforce. An additional 480 roles will be created, along with around 5,000 additional supply jobs in the north west of England.Due to open at the end of 2015, Liverpool 2 is a ...
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AnalysisWhat are the latest trends in default investment strategies?
If you read nothing else, read this…The pension freedoms and auto-enrolment have impacted default funds.Default investment funds should offer employees choice and future-proofing in order to be effective saving tools.Employer communication is vital to ensure staff are aware of their options and what the default fund entails.Opportunity for changeThe pension ...
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Case StudiesCancer Research UK diversifies default fund
Cancer Research UK (CRUK) replaced its equity-based default investment fund with a more diversified, less traditional option following the introduction of April’s pension flexibilities. Since then, of CRUK’s 800 staff, and those who left its defined benefit (DB) pension scheme when this was closed to future accrual on 31 March ...
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OpinionRob Barrett: Pension schemes must meet new freedoms
Since the government pension reforms in April, many pension providers have been reviewing their default funds. They have looked at whether their products will continue to meet the needs of their investors, and whether they are providing what people are looking for in the new environment.In particular, plans have looked ...
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Article
61, 62, Buyer's guide to group personal pensions
What is a group personal pension (GPP)?A GPP is a contract-based pension scheme that is arranged by an employer, but each scheme member holds an individual contract directly with the pension provider.What are the origins of GPPs?GPPs were launched in 1988, after personal pensions replaced retirement annuity contracts.What are the ...
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Analysis
33: LV= industry insight - Good retirement advice is key to good retirement outcomes
The radical changes to pensions mean that employees now have much greater flexibility and choice over how to access their pensions than ever before. The ability to take as much as you like from your pension when you like, combined with the tax changes to allow wealth transfer, offers the ...
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ArticleHeineken agrees £2.4bn pension longevity swap
Heineken has entered into a longevity transaction for its defined benefit (DB) pension scheme with Friends Life, which is now part of Aviva.The longevity swap transaction covers £2.4 billion of pension liabilities and insures the longevity risk for 19,000 pensioners who are part of the Scottish and Newcastle Pension Plan.The ...
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ArticleNational Grid agrees £13bn defined benefit pension mandate
The board of trustees of the National Grid UK Pension Scheme (NGUKPS) is entering into a long-term agreement with Legal and General Investment Management (LGIM) for the management of £13 billion of the scheme’s assets.LGIM will acquire 100% of the share capital in Aerion Fund Management, which is fully owned ...
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Article66% are saving adequately for retirement
Two-thirds (66%) of respondents employed by large organisations are now saving adequately for retirement, compared to 53% in 2013, according to research by Scottish Widows.Its Workplace pensions report, based on responses from 5,191 UK adults, also found that more than half (54%) of those enrolled in a defined contribution (DC) ...
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OpinionBill Longe: What if pensions tax relief was scrapped?
“When you see someone putting on his big boots, you can be pretty sure that an adventure is going to happen.” AA Milne, Winnie-the-Pooh. Another Budget and yet more changes to pensions tax relief. Coupled with the announcement of further consultation on the subject, it is not difficult to reach ...
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ArticleTake part in exclusive pensions research
How well do your employees understand the pension reforms? What financial education strategies are you using to support staff?Tell us in the exclusive Employee Benefits/Close Brothers Pensions research 2015, which is designed to help you benchmark your organisation’s pensions strategy.We are particularly interested in finding out how the pension reforms ...
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Article44% feel somewhat knowledgeable about retirement savings
Less than half (44%) of respondents consider themselves to be somewhat knowledgeable about retirement savings and financial matters, according to research by State Street Global Advisors.Its 2015 SSGA Global Monitor study, which is based on responses from 3,500 staff in the US, UK, Australia and Ireland, also found that 30% ...
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Article43% plan to offer pension drawdown option
Less than half (43%) of respondents plan to offer a drawdown option as part of their pension plan, according to research by Towers Watson’s UK DC master trust, LifeSight.Its survey of 100 employers also found that 87% of respondents believe that their employees will want to access some or all ...
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Article36% of 51-60 year olds have no pension plans
Over a third (36%) of 51-60 year olds have no pension provision, according to research by the Chartered Institute of Payroll Professionals (CIPP).Its survey of 2,010 employees also revealed that around a third (30%) of respondents are not sure if their pension savings are enough to retire on.The study also ...
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Article32% will not review defined contribution pension schemes
Almost a third (32%) of respondents do not plan on reviewing or adjusting existing defined contribution (DC) pension services for employees following the introduction of the pension flexibilities in April, according to research by Close Brothers Asset Management.Its latest Business barometer survey, which questioned 685 employers, also found that 34% ...
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Article96% foresee changes to state pension
Just 4% of financial advisers believe the state pension will continue in its present form over the next 30 years, according to research by pension provider Aegon UK.Its survey of 208 financial advisers found that almost half (49%) of respondents that think there will be changes to the current system ...