All Pensions articles – Page 136
-
Article
JLT Employee Benefits launches pensions white paper
JLT Employee Benefits has launched a white paper, which provides an analysis of the evolution of the pensions landscape in the UK since the Pensions Commission report in 2004.The paper, Achieving the 21st century pensions settlement, was launched at a panel discussion at the Liberal Democrats’ party conference on 16 ...
-
Article
DOD’s blog: Get me a tardis (and a cocktail)
On Wednesday night I had a very interesting chat to a pensions lawyer over a few cocktails at the annual Allen & Overy press party.I do not think it was the generously ginned-up drinks that made current pensions litigation trends appear interesting. In fact, the conversation quite sobered me up.It ...
-
Article
BT to consider workplace savings platform
Bringing workplace savings benefits, such as pensions and share schemes, all together into one place on a workplace savings platform is the way forward, said Kevin O’Boyle, head of pensions at BT Group speaking at Employee Benefits Live on 25 September.“But it can’t substitute with live face-to-face action,” he added.The ...
-
Article
DC pensions charges report due
The Office of Fair Trading (OFT) is expected to publish its report on workplace defined contribution (DC) pensions on 19 September.The report is expected to call for a number of revisions to workplace DC pension schemes, including a cap on scheme charges.The publication of the report comes as the Department ...
-
Article
Time constraint major impediment to good DC governance
More than three-quarters (76%) of respondents said time constraints are a major impediment to good governance of defined contribution (DC) pension schemes, according to research by the Pensions Management Institute (PMI).Its research, which surveyed 175 PMI members in response to the Department for Work and Pensions’ (DWP) call for evidence ...
-
Article
DB plans increasingly use delegated investment providers
More than one-third (36%) of respondents have appointed a delegated investment provider for their defined benefit (DB) pension scheme, up from 18% in 2011, according to research by Aon Hewitt.Its Delegated investment survey 2013, which surveyed 275 UK DB pension schemes representing around £130 billion of assets, found that this ...
-
Article
OFT publishes DC pensions market report
The Office of Fair Trading (OFT) has published its report on the defined contribution (DC) workplace pensions market.The report, which was launched in January 2013 to investigate whether the workplace DC pension market was working well for employees, concluded that there are problems with the market that may prevent some ...
-
Article
Employers must justify default fund selection
Employers must be able to justify why they selected the default fund for their defined contribution (DC) pension scheme and have processes in place to review it.If they do not, they must question their scheme governance, said Stephen Bowles, a representative of the Defined Contribution Investment Forum (DCIF), during a ...
-
Article
NAPF reports on pension default fund trends
Defined contribution (DC) default funds are reviewing and overhauling their design and governance to deliver good retirement outcomes for members, according to a report by the National Association of Pension Funds (NAPF).Its Default fund design and governance in DC pensions report focuses on eight employers, including Bank of America, Heineken ...
-
ArticleWhich pensions employers are using to comply with auto-enrolment
The Employee Benefits/Capita Pensions research 2013, published on 29 July, found that 63% of respondents that still need to auto-enrol staff will use a group personal pension (GPP) plan as their primary scheme for auto-enrolment, while 33% of those that had auto-enrolled their workforce are using a GPP.L’Oreal, which postponed ...
-
ArticleAuto-enrolled employers contribute less
Respondents to Employee Benefits/Capita Pensions Research 2013 that have auto-enrolled staff into a workplace pension are more likely to pay in a 1% employer contribution than those still to go through auto-enrolment.According to the research, conducted among 370 HR and benefits managers, 21% of those that have auto-enrolled staff are ...
-
Article
Swallowfield appoints pension consultancy
Cosmetic manufacturer Swallowfield has appointed a pensions consultancy to provide actuarial, investment and pension administration services to its pension scheme.Punter Southall will provide these services to Swallowfield’s Aerosols International Limited Pension Plan (AILPP) scheme, which has 400 members.Paula Ambridge, chair of the AILPP trustees, said: “We were impressed with Punter ...
-
Article85% saw pension costs rise post auto-enrolment
More than three-quarters of respondents (85%) saw some level of pension cost rise in relation to auto-enrolment, according to the Employee Benefits/Capita Pensions Research 2013.(This does not include respondents that have not calculated costs or those that do not know).However, the research, which was conducted among 370 HR and benefits ...
-
Article
Retirement savers could be worse off with single-tier pension
The majority of people currently entitled to the state second pension will receive less when they retire as a result of the scheme being replaced by the new single-tier state pension, according to research by the Trades Union Congress (TUC).Its analysis modeled what the projected retirement incomes of people currently ...
-
Article
Standard Life and Barnett Waddingham partner on auto-enrolment
Barnett Waddingham has partnered with Standard Life to develop auto-enrolment services for small and medium-sized enterprises (SMEs) with staging dates commencing in early 2014.According to the Department for Business Innvovation and Skills, it is estimated there are more than 30,000 organisations with workforces between 50-250 employees that will need to ...
-
AnalysisHow employers can link benefits strategy to employees' needs
If you read nothing else, read this…Most employers do not ask their employees about their benefits needs.Employees often do not understand their own needs.Social media is a powerful tool with which to identify employees’ needs. Nick Throp, co-founder of Like Minds, says: “Employers tend to look at indicators like benefits ...
-
AnalysisWhat employers need to know about DC governance post auto-enrolment
If you read nothing else, read this …A good starting point from which to consider a high-quality, long-term DC pension is The Pensions Regulator’s Six principles for good workplace DC.Employers should consider setting up a governance committee to monitor the scheme.It is important for employers to keep track of opt-outs, ...
-
Case StudiesFinmeccanica offers staff award-winning pension investment choices
In 2007, it introduced a new trust-based defined contribution (DC) scheme, FuturePlanner, for its UK staff who were joining a pension scheme for the first time.It also runs two defined benefit (DB) schemes, which are now closed to new members but open to future accrual, and wanted to bring in ...
-
Analysis
How popular are pension scheme guarantees?
If you read nothing else, read this…The government is seeking a pensions landscape that shares investment and outcome risk between employers and employees.Pension scheme guarantees are one proposed remedy.Critics are wary about reintroducing guarantees.But now the pensions industry consensus is that the pendulum has swung too far, and that employees ...
-
ArticleEarly stagers planned for auto-enrolment earlier
Employers that still have to auto-enrol their staff have started planning for the process later than those that have already auto-enrolled their workforce, according to the Employee Benefits/Capita Pensions Research 2013.The research, which surveyed 370 HR and benefits managers, found that 62% of employers that have auto-enrolled staff began planning ...