All Pensions articles – Page 14
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Video
Managing change for pensions: First time outsourcing
VIDEO: Joanna Udall, pensions manager UK and Ireland at Siemens, presented a session titled ‘Managing change for pensions: First time outsourcing’ on 5 October at Employee Benefits Live 2022.Key points covered within the session included: Managing change carefully and sensitively The importance of keeping good people and building strong relationships ...
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Video
Positive about pensions: how to get people to care for their future self
VIDEO: Sinead Swift, senior manager, reward, at Brambles, presented a session titled ‘Positive about pensions: how to get people to care for their future self’ on 5 October at Employee Benefits Live 2022.Key points covered within the session included:Positioning pensions positively: how to help people understand the importance of regular ...
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OpinionRhiannon Barnsley: Auto-enrolment reform gives employees a choice
Nobody is thinking about pension auto-enrolment reform at the moment. Quite frankly, people are more concerned about how they are going to afford to put the heating on this winter, or how they are going to pay their mortgage. Understandably, of course. However, this should not be used as an ...
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Video
Creating dyslexic-friendly pension communications
VIDEO: Oliver Payne, international pensions and data analytics manager at Ford Motor Company, presented a session titled ‘Creating dyslexic-friendly pension communications' on 5 October at Employee Benefits Live 2022.Key points covered within the session included:The importance of neurodiversity in pension communicationsTop tips for creating communications that are easier for dyslexic ...
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ArticleFirefighters to receive £3,750 pay out in pensions case
A ruling has stated that nearly 9,000 firefighters are set to receive a £3,750 pay out following a case that found they were receiving less money in their pensions than they should.The figure was awarded as compensation for anxiety, distress and related feelings, while some claimants with additional reasons for ...
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ArticleAlex Burghart appointed minister for pensions and growth
Prime Minister Liz Truss has appointed Alex Burghart as minister for pensions and growth in the Department for Work and Pensions (DWP).Burghart has been the Conservative MP for Brentwood and Onga in Essex since 2017, and has served as Parliamentary Under-Secretary of State in the DWP since September. He was ...
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ArticleEmployee Benefits Live 2022 speaker slides
Where speakers have given approval, we have uploaded the speaker slides for the keynote and conference sessions at Employee Benefits Live 2022, which took place on 5-6 October 2022 at ExCeL London.Thank you very much to all of the speakers for sharing their ideas, experiences and insights.Keynote speakersK1: Diversity, equality ...
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OpinionLauren Wilkinson: Collective defined contribution pensions offer employers greater control
As UK pension provision shifts increasingly away from defined benefit (DB) schemes, collective defined contribution (CDC) plans could be an attractive option for employers looking at closing existing DB schemes in order to have greater certainty and control over costs.It could also appeal to employers currently providing DC arrangements which ...
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AnalysisWhat does the collective defined contribution (CDC) code of practice include?
Need to know: The Pensions Regulator has published a new code of practice for employers that would like to introduce collective defined contribution (CDC) pension schemes. The code lays out the detailed and extensive process employers will need to go through to receive authorisation. It is ...
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ArticleEXCLUSIVE: Ford Motor Company creates dyslexia-friendly pension communications
Employee Benefits Live 2022: To support its dyslexic employee population, Ford Motor Company has formed an initiative to create pensions communications that are more accessible.Addressing delegates at Employee Benefits Live 2022 in a session entitled 'Creating dyslexic-friendly pensions communications', Oliver Payne, international pensions and data analytics manager at Ford Motor ...
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Supplier articleMini-budget update
The Chancellor of the Exchequer Kwasi Kwarteng, has today delivered the mini-budget report. Please see our summary below:Income tax and National InsuranceAs heavily rumoured, the planned cut in the basic rate of income tax from 20% to 19% has been brought forward to next tax year (April 2023) from April ...
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ArticleFord, Siemens and Brambles to discuss pensions at Employee Benefits Live 2022
Experts from Brambles, Ford Motor Company and Siemens will discuss key issues relating to pensions at Employee Benefits Live 2022.Oliver Payne, international pensions and data analytics manager at Ford Motor Company, Jo Udall, pensions manager UK and Ireland at Siemens, and Sinead Swift, senior manager of reward at Brambles, will ...
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ArticleEXCLUSIVE: Ford Motor Company to discuss pensions communications at Employee Benefits Live 2022
EXCLUSIVE: Oliver Payne (pictured), international pensions and data analytics manager at Ford Motor Company, has been revealed as one of the speakers at Employee Benefits Live 2022.His presentation, Creating dyslexic-friendly pensions communications, will be part of the conference’s financial reward and pensions stream, and will take place in Theatre Two ...
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AnalysisHow to engage lower-paid staff with pensions during the cost-of-living crisis
Need to know:Illustrating the future pension payback to staff can incentivise saving and lessen the sense of giving up money today.Employees should be fully informed of the risks of reducing pension contributions through simple projections and calculations that show the impact on their long-term financial security.Face-to-face and email communication channels ...
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Case StudiesEasyfundraising highlights the importance of pension saving to staff
Charity website Easyfundraising, which employs 85 staff, recently switched from its group personal pension (GPP) scheme to a salary sacrifice arrangement, primarily to negate the increase in national insurance (NI) in April 2022.Janna Bates, head of HR at Easyfundraising, says: “The same amount of money is going into the pension ...
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ArticleKesslers Group secures £21 million full scheme pension buy-in
Kesslers Group has agreed to a £21 million full scheme buy-in with Legal and General Assurance Society for its pension plan.The transaction, signed in June, has secured the benefits of 240 employees of the on-site manufacturer, including including a mix of deferred and pensioner members.Pensions administration and trustee consulting service ...
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ArticleGovernment launches NHS pension changes consultation
The UK government has launched a consultation on potential changes to the NHS pension scheme, which could make it easier for retired and partially retired NHS staff to return to the workforce.Some pension scheme retire and return rules were suspended in March 2020 to allow staff to return to work ...
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Supplier articleWhat employees need to know if they are considering consolidating their pensions
The Association of British Insurers found an estimated 1.6 million pension pots are sitting unclaimed because they’ve been simply lost or forgotten about. One of the main reasons for this is because a person will have an average of 11 jobs in their lifetime, and could easily end up with ...
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ArticleCoastline Housing pilots living pension to combat poverty in retirement
Cornish charitable housing association Coastline Housing has launched a pilot living pension scheme, initiated by the Living Wage Foundation, in order to combat poverty in retirement for its 350 employees.The association, which owns and manages 5,000 homes across Cornwall, is one of six employers that have committed to testing a ...
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Case StudiesUniversity of Lincoln pension communications tap into student mindset
The University of Lincoln has more than 2,000 employees, a large proportion of which are students, presenting unique challenges when it comes to addressing current financial wellbeing as well as pension savings.Many of these student employees sit below the minimum threshold for auto-enrolment, while even those who are eligible have ...