All Pensions articles – Page 18
-
ArticleThe top 10 most-read articles between 3 September - 9 September 2021
The top 10 most-read stories on employeebenefits.co.uk between 3 September – 9 September 2021 were: EXCLUSIVE: John Lewis to discuss wellbeing at Employee Benefits Live 2021Monzo recruits Rachel Mooney as chief people officerAmazon offers £50 bonus for being punctual41% of employees report mental heath declineConfessions: Candid revs up for the ...
-
Case Studies
Infographic: Pensions education in numbers
!function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async");Pension education in numbersInfogram
-
Article
Pension Protection Fund view: Education matters in safeguarding employees from pension scams
Covid-19 (Coronavirus) has sadly had a significant impact on the employment circumstances and finances of many people across the UK; 11.6 million have been furloughed in part or full, and that doesn’t include the impact on the self-employed and other less visible groups. Some have been forced to take early ...
-
AnalysisWhat role do employers play in protecting staff from pension scams?
Need to know:Pension scheme trustees will soon have a new obligation to assess transfers for fraud.If a red flag has been identified, the transfer can be stopped.Every transferring member must receive Pension Wise guidance, or actively opt out.Employers can do much to educate employees using websites such as ScamSmart.Pension schemes ...
-
Case StudiesWatergate Bay Hotel group provides pension scam information and support for staff
Watergate Bay Hotel group has used trust-based drawdown scheme Crystal since 2014. As well as Watergate Bay Hotel and Beach Retreats on the North Cornwall coast, the employer runs Another Place, The Lake in the Lake District and its newest hotel, Another Place, The Garden in Hampshire.“It is important to ...
-
ArticleFujitsu General UK completes £7.7 million buy-in
Fujitsu General UK has entered into a full buy-in transaction worth £7.7 million with Aviva for its pension and life assurance plan.The buy-in has secured defined benefit liabilities for all deferred plan members and their dependants, and is a “significant” step forward to ensure the long-term security of members’ benefits. ...
-
ArticleEXCLUSIVE: Laing O’Rourke to discuss pensions at Employee Benefits Live 2021
EXCLUSIVE: James Dolan, reward leader at international engineering and construction business Laing O’Rourke, will be participating in a panel talk about pension strategies on Wednesday 6 October at Employee Benefits Live 2021.Dolan will be a panellist for the Inspire Session titled 'Future pension strategies', which will be taking place at ...
-
OpinionKate Payne: Is the GMP equalisation update realistic?
When it comes to guaranteed minimum pension (GMP) equalisation on past transfers, the new Pensions Administration Standards Association (PASA) guide does a good job of explaining the total mess schemes find themselves in as a result of the 2020 Lloyds judgement, and how the obligation might be discharged in a ...
-
Case StudiesThe benefits on offer at Herbert Smith Freehills
The benefits offered by Herbert Smith Freehills:PensionA defined contribution (DC) pension scheme for all employees, with employer-matched contributions up to a total of 16% (employee/employer).Healthcare and wellbeingPrivate medical insurance (PMI) scheme, employer paid for all employees and their families.Income protection, employer paid for all employees.Health screening, employee paid.Health cash plan, ...
-
Article50% of part-time staff have a workplace pension
Only half of part-time employees have a workplace pension despite all eligible staff being automatically enrolled into their employer's scheme, a survey has found.Fidelity International asked 2,004 male and female UK part-time workers about their typical income and retirement savings. It discovered that while women and men earn £13,468 and ...
-
ArticleUK staff have the oldest expected retirement age
New data has highlighted that UK workers have the oldest expected retirement age out of five European countries.According to research from HR and payroll services specialist SD Worx, when compared to other countries in Europe, the UK is at the top of the list with an age of 66.67 years ...
-
ArticleThe top 10 most-read articles between 13 August - 19 August 2021
The top 10 most-read stories on employeebenefits.co.uk between 13 August – 19 August 2021 were: XPO Logistics Drinks staff vote to strike over payHMRC exposes worst minimum wage excusesMore employees want Fridays off than MondaysConfessions of a benefits manager: Candid gets in trainingWhat employee engagement lessons can the UK learn ...
-
ArticleCEOs earned 86 times median wage in 2020
The median-earning FTSE 100 chief executive was paid £2.69 million in 2020, 86 times the median wage of a full-time worker in the UK, according to analysis by the High Pay Centre.The highest paid was AstraZeneca CEO Pascal Soriot, who earned £14.45 million for his part in successfully delivering a ...
-
ArticleEmployers still failing to offer financial education
New research has suggested employers are still not doing enough to help staff navigate their finances.According to a poll by Wealth at Work, even after the effects of jobs losses and furlough, a significant 41% of organisations are still failing to offer employees any support to enable them to better ...
-
OpinionHayley James: Pensions engagement is becoming an increasingly important issue
The focus on the topic of engagement, meaning informing employees to encourage positive action, in retirement plans has increased recently. Despite the success of auto-enrolment in getting people to save, many are not contributing enough to ensure an adequate income in later life. Additionally, the pension freedoms mean that savers ...
-
Case StudiesTesco focuses on pension scheme members' retirement outcomes
Pension scheme managers face a mountain of pressing regulatory work such as preparing data for the pension dashboards and new environmental, social and governance (ESG) reporting challenges, but there is a risk that this can divert attention from the day-to-day monitoring of a scheme’s providers.Ruston Smith, non-executive chair of the ...
-
AnalysisWhat trends are currently impacting on workplace pensions?
Need to know:Workplace pension schemes are facing huge amounts of change in the coming months.Employers, trustees and administrators have to be aware of the new reporting requirements on climate change.Preparing for the pensions dashboards will see schemes having to supply data in line with a 2023 deadline.Pension managers, trustees and ...
-
ArticleBrent Group completes £3 million buy-in
Brent Group, a family-owned business which includes the digital marketing and brand agency Brand Remedy, has completed a £3 million buy-in deal for its defined benefit pension scheme.The deal with Just Group and K3 Advisory, provider of specialist independent bulk annuity and consolidation advice to the pensions industry, was for ...
-
Article11% of employees can no longer afford to retire
More than one in 10 (11%) people have had to delay their retirement because they can no longer afford to retire, according to new findings.The research from Wealth at Work, which was carried out by Vital Research among 1,320 UK adults aged over 50 in employment, uncovered the varying impact ...
-
Article41% of employers list pensions as a perk
Despite being a legal requirement, only 41% of employers listed pensions as a perk that potential employees can expect if their application is successful.Communications provider Moneypenny analysed 1,000 job advertisements on Indeed.com to discover the most popular and unique benefits on offer, as well as the industries that boast the ...