All Pensions articles – Page 14
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ArticleScottish university staff strike in pensions and pay row
Staff employed at several Scottish universities have begun five days of strike action this week as part of an ongoing dispute over pensions, pay and working conditions.This is the third round of industrial action from University and College Union (UCU) members this academic year over these issues.According to the union, ...
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Article58% of single female staff ineligible for automatic pension enrolment
More than half of single working mothers (58%) are ineligible for automatic enrolment into a workplace pension, according to new survey findings, which is an increase from 45% in 2020.The research, conducted by pension provider Now: Pensions and The Pensions Policy Institute to coincide with National Single Parent Day (21 ...
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OpinionTim Middleton: Employers can provide constructive support for early retirement
During the heyday of the final salary pension scheme about 40 years ago, early retirement was a common phenomenon. Early retirement was typically triggered by redundancy. An employer would augment an employee’s pension entitlement, and paid employment would come to an abrupt, if not unwelcome, end from the age of ...
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AnalysisTop tips for supporting staff around early retirement
Four factors now typically determine when someone chooses to retire: their ability to fund their lifestyle without work; their appetite for a life without work; their inability to secure employment, and their health, with the latter two sometimes forcing their retirement.If employees choose to take a tax-free lump sum as ...
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Case StudiesUniversity of Lincoln supports staff with retirement planning
The University of Lincoln employs more than 2,000 workers in a range of both academic and professional roles and is one of the largest employers in the city of Lincoln.The university acknowledges that in academia, people can, and often do, work into their later years, and often receives requests from ...
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Article
Poll: Do you actively engage younger employees in pensions through targeted communications?
Take part in our latest readers’ poll on a current topical issue. Many (82%) young employees aged between 18 and 22 revealed that they want to start saving for their pensions and retirement before the current default age of 22. In light of this, do you take a targeted approach ...
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OpinionDale Critchley: Saving for a brighter retirement; how to engage employees with their pension now
Getting employees to think about their retirement savings can be tricky, and employers may struggle to make pensions exciting but there are ways to get employee's attention. After all, people do care about their finances and their future.A great way to capture the interest of employees is to let them ...
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ArticleHermes UK introduces pension scheme in rebrand
Delivery firm Hermes UK has announced that as part of a rebrand it will auto-enrol its self-employed plus (SE+) couriers into a pension scheme by the end of this year.The organisation, which employs more than 30,000 UK couriers, has rolled out a new logo and brand identity - ‘Evri’ - ...
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ArticleGender pensions gap increases for older staff
New research has found the gender pension gap between men and women’s contributions is 35% for employees aged between 50 and 54, almost double the gap for 35 to 39 year-olds (18%).Pension and insurance provider Aviva’s findings were based on employer and employee contributions of more than two million savers ...
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Article82% of young staff want to save for pensions before turning 22
New research has revealed that 82% of young employees aged between 18 and 22 believe that individuals in employment should start saving for their pensions and retirement before the current default age of 22.The Pensions Management Institute’s (PMI) findings also highlighted that more than six in 10 (61%) think that ...
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Article46% of UK employers prioritise positive DC pension scheme outcomes
Nearly half (46%) of UK employers with defined contribution (DC) pension schemes say that delivering positive outcomes for members in this scheme is now their top priority, according to research by global professional services firm Aon.Its Better outcomes by design 2022 DC pension scheme and financial wellbeing survey, which surveyed ...
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OpinionDale Critchley: Value for members should mean greater value for employers too
With headlines focused on a rise in the cost of living, the need to obtain value for money has never been greater. When it comes to a workplace pension it is no different. Employers need to make sure their pension scheme is valued, acts as a tool to attract and ...
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ArticleMen underrate women's retirement challenges
Six in 10 women feel older female employees are forced out of jobs by tricky workplace cultures, according to research - but fewer men see the problem.A poll of 960 UK savers by online retirement income provider PensionBee found that 61% of females viewed difficult working environments as a challenge ...
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OpinionDale Critchley: How to keep members engaged with ESG investing
Thanks to automatic enrolment the staff pension scheme is now ubiquitous and employee awareness of the need to save is high. Employees know they’ll receive at least a minimum contribution paid into their workplace scheme. Many employees might understand that the minimum is unlikely to be enough, and value the ...
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OpinionTracy McMullen: Ashurst engages all staff in pension savings
At Ashurst, we closely consider the pension and benefits we offer and focus particularly on how we engage our people in these offerings to ensure they are of maximum benefit.We all benefit from employees feeling equipped and able to perform at their best, and a critical component of this is ...
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AnalysisTop tips on how employers can reduce the gender pensions gap
Women need to be aware of the impact of career breaks and part-time working on their pensions, and how they may be able to mitigate the impact.Online ‘Mind the gap’ calculators, using video, animation and social media can help to promote relevant messages.Providing education on how pensions work and what ...
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OpinionJeremy Harris: How can employers reduce the gender pensions gap?
The fact that both personal and workplace private pensions are closely aligned to paid work means that employers play an important role in determining post-retirement financial wellbeing. So what can employers do to close the gender pensions gap?Women are more likely to work fewer paid pensionable hours than men over ...
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ArticleGirls' Day School Trust staff strike in pensions row
Teachers at all 23 schools that are part of the Girls' Day School Trust (GDST) have gone on strike in a dispute over proposed changes to their pensions.The trust wants to move to a flexible, defined contribution scheme, but the NASUWT teachers’ union argued that the changes would mean staff ...
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Article66% of workers unaware of total pension savings
Two-thirds of workers do not know how much money they have saved towards retirement, research has revealed.Of 500 people surveyed by online pension provider PensionBee, 66% said they were unaware of the total value of their pension pots.The research found that PensionBee’s working customers over the age of 40 have ...
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ArticleHigher pay rises could lead to £142k gender pensions gap
Higher pay rises for men than women could result in a gender pensions gap of £142,603, according to new findings.Research commissioned by investment solutions firm Fidelity International revealed that men typically receive £733 more than women when their salary is increased.Fidelity's modelling showed that a 25-year-old man on an average ...