All Pensions articles – Page 106
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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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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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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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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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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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Article
Pension freedom charges differ vastly
The difference in charges between the cheapest and most expensive companies offering income drawdown under the pension freedoms could total £3,000 over 10 years, according to research by Which?Its analysis of eight insurance companies and ten investment brokers offering full pension freedom found that an individual with a pension pot ...
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OpinionEffective financial education for those considering retirement
The most radical pensions overhaul in nearly a century has arrived. These changes offer employees in a defined contribution (DC) scheme who are aged 55 or over greater flexibility in how to access their pension. But without the right financial education, employees could be left incredibly vulnerable to making poor ...
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ArticleOracle revamps financial education programme
EXCLUSIVE: Oracle has revamped its financial education programme for its 5,800 UK employees.The technology firm opted to revamp its financial education programme and introduce pensions advice to counteract the challenges surrounding the ageing workforce.To highlight the importance of the programme, which is provided by Secondsight, Oracle introduced a strategic email ...
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ArticleRetirement income a priority for half of retirees
Almost half (47%) of adults feel that securing a guaranteed retirement income is a priority when covering essential expenses, according to a study from asset management firm Fidelity Worldwide Investment.The study, which surveyed 1,014 UK adults over the age of 55, also found that just 39% plan to purchase an ...
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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 ...