All Pensions articles – Page 105
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ArticleCarlsberg UK introduces financial education
EXCLUSIVE: Carlsberg UK has introduced a financial education and wellness programme for its 900 employees in an attempt to develop their overall wellbeing.The brewing firm already has an employee wellness programme in place, which includes health checks and assessments and health insurance. It has now added financial education to complete ...
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ArticleMore staff are seeking pensions advice from employers
Over a third (37%) of employers believe that the pension freedoms have encouraged them to play a greater role in financially educating their employees.The study from Close Brothers Asset Management, which surveyed 685 employers, also found that 33% of respondents have seen an increase in staff seeking advice on their ...
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ArticleGovernment to actively monitor salary sacrifice
Summer Budget 2015: No immediate changes to salary sacrifice schemes were announced by Chancellor George Osborne during his Budget speech yesterday (8 July).However, in the Budget documents it is noted that the government will actively monitor salary sacrifice schemes and their impact on tax receipts.The documents state: ‘Salary sacrifice arrangements ...
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ArticlePearson makes £90m pension pledge
Pearson will make a £90 million contribution to its group pension plan following the sale of the Financial Times Group to Asian media organisation Nikkei Inc.Pearson has also committed to funding its group pension plan to self-sufficiency in the near-term.The agreement with Nikkei was announced on 23 July. The assets ...
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Article83% opt to take entire pension pot in cash
Since the introduction of the new pension freedoms in April, 83% of those that have taken up the new options have chosen to take all of their pension savings as cash, according to data from BlackRock’s workplace pensions business. Data based on 1,152 people aged 55 and over who have ...
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Article61% to work past target retirement age if savings are insufficient
Around two-thirds (61%) of UK employees plan to continue working if they have not saved enough by their target retirement age, according to research from Aegon.The study, which surveyed 4,000 UK adults, also found that 64% of respondents are not confident about retiring at their target age of 63.The research ...
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Article26% of older workers do not want education on retirement issues
Around a quarter (26%) of respondents between the ages of 56-65 do not want any financial education on retirement and pensions issues, according to research by financial solutions organisation Partnership.The research, which surveyed 2,000 people over the age of 21, also found that 18% of 21-30 year olds did not ...
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Article£1.8 billion withdrawn in first two months of pension freedoms
Almost a quarter of a million payments worth £1.8 billion were made to consumers from pension pots in April and May following the introduction of the pension freedoms, according to research from the Association of British Insurers (ABI).The data reveals that £1.3 billion was put in to buying nearly 22,000 ...
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ArticleIBM granted appeal against pension judgement
IBM has been granted permission to appeal both the breaches and remedies judgements made by a High Court in February 2015 to the higher courts.The decision made by the High Court ruled that members of the organination’s UK defined benefit (DB) pension scheme would be able to claim damages against ...
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Article
Barclays C&ES closes to new business
Employee benefits consultancy Barclays Corporate and Employer Solutions (C&ES) will cease to offer its services to new business following a consultation by Barclays. Its benefits consultancy services and auto-enrolment consulting will close and will not be open to new employers.Barclays will continue to honour existing employer client commitments within these ...
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ArticlePensions seen as safest way to save for retirement
Workplace pension schemes are now seen as the safest way to save for retirement, according to research by the Office for National Statistics (ONS).Its Wealth and assets survey found that confidence has increased with 40% of individuals citing a workplace pension as the safest option to save in the period ...
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ArticleTata Steel improves DB pension plans
Tata Steel has made a new offer to employees, which will see its final salary pension scheme remain open and avert strike action.More than 17,000 employees that are members of trade unions Community, Unite, the GMB and UCATT were due to walk out for 24 hours on 22 June.The dispute ...
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ArticleFirstGroup has largest DB pension liability among FTSE 250
FirstGroup has one of the largest defined benefit (DB) pension scheme liabilities among employers in the FTSE 250, according to research by JLT Employee Benefits.The FTSE 250 and their pension disclosures report found that the travel operator’s scheme is a risk to the business due to pension liabilities of £4.6 ...
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ArticleGovernment to encourage higher pension contributions
The new Conservative government will encourage employers and employees to increase their pension contributions with incentives, according to Chris Curry, director at the Pensions Policy Institute (PPI), who will be speaking at the Employee Benefits Wired Post-Election Pensions Update.Curry also believes that the government is likely to give a lot ...
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Supplier article
The case for international diversification (Investment Insight)
By Global Equities Team, AberdeenThe benefits of investing internationally have been well documented and yet investors have continued to invest a disproportionate amount in stocks listed on their home market. This phenomenon, termed ‘home-bias’, became apparent following the most recent global financial crisis. Starting in the US with sub-prime mortgages ...
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Article17,000 Tata Steel staff to strike over pensions
More than 17,000 Tata Steel employees will strike on 22 June in an ongoing dispute over the organisation’s pension scheme changes. The action will include a ban on overtime and work-to-rule will be carried out next week by employees.The dispute is over the closure of the steel workers’ final salary ...
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ArticleNAPF appoints Lesley Williams new chair
The National Association of Pension Funds (NAPF) has appointed Lesley Williams its next chair.She will succeed Ruston Smith, whose two-year tenure will end at the NAPF’s annual general meeting (AGM) in October 2015. Williams will assume her responsibilities after the AGM for a two-year term.Williams is group pensions director at ...
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Supplier article
The luck of the Irish (Investment Insight)
By Richard Dunbar, Investment Solutions, AberdeenIn October 1997, McInerney Holdings plc debuted on the Irish bourse. With a prospectus boasting of strong demand for Irish housing, rising employment and favourable demographics, what could possibly go wrong?Well a few years later we found out, in a letter to shareholders detailing the ...
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Supplier article
Large-cap growth alpha thesis: seeking risk-adjusted excess returns
By Aziz V Hamzaogullari, CFA, Large Cap Growth Portfolio Manager, and Hollie C Briggs, CFA, Large Cap Growth Product ManagerFor mutual fund investors and managers of large pensions or endowments, a major challenge is to identify those portfolio managers who are most likely to deliver superior risk-adjusted returns in the ...
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Supplier article
Emerging Markets: Some are more vulnerable than others (Economic Insight)
By Paul Diggle, Economist — Investment Solutions, AberdeenWhich emerging markets (EMs) are most at risk from a strong US dollar? The simple answer is those that are highly indebted, are commodity dependent and have inflation problems. Russia, Brazil, Malaysia and Turkey are among the most vulnerable on these measures, although ...