All Pensions articles – Page 18
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ArticleAction urged to rebalance pension wealth
Shareholder returns that feed into UK workers’ pensions “disproportionately benefit a wealthy minority”, according to a report put together by the TUC, think tank Common Wealth and the High Pay Centre.The study found that almost one in three UK shares was held by a UK pension fund in 1990 yet ...
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ArticleMaking more staff eligible for auto-enrolment will help levelling up
More people should be automatically enrolled in workplace pensions, scrapping the age and earnings thresholds that have existed since auto-enrolment began to be phased in a decade ago.That’s according to Richard Holden MP who is today tabling a private members’ bill to increase pension participation among lower paid, younger and ...
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Article25% of staff plan early retirement at age of 60
A quarter of people planning to retire early have a target to leave work on their 60th birthday, research has revealed.The survey of 2,000 people by insurance provider Aviva also found that 17% of those who had already chosen to exit the workforce ahead of receiving their state pension had ...
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ArticleAston Martin staff threaten to strike in pensions row
Workers employed by Aston Martin have threatened the car manufacturer with strike action over changes to their company pension scheme.Trade union Unite said an initial ballot over potential industrial action had been held in response to proposals to switch staff currently on the business’ defined benefit scheme to a defined ...
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AnalysisHow can employers assess value for money in a DC pension?
Need to know:Workplace pension regulators are looking at how value for money can be clarified in defined contribution (DC) pension schemes.Value for money is a difficult thing to pin down, as there are so many interactive components.Ultimately the employer is one of the greatest contributors to delivering value for money ...
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Case Studies
Infographic: Pensions value in numbers
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Case StudiesHow Suez Recycling and Recovery UK measures the value of its pension scheme
Suez Recycling and Recovery UK has a diverse membership, with a mixture of office-based and manual employees. Many of the organisation's employees are in final salary and local government schemes, but the majority, about 4,000, or 40% of the workforce, are in the organisation's defined contribution (DC) scheme.Michelle Sutton, head ...
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Article44% of staff expect to work past state pension age
Two in five (44%) UK workers now predict they will work beyond their state pension age, according to fresh data.Financial services business Canada Life’s research, which was carried out by Opinium with 2,000 UK adults, revealed that 44% expect to keep earning past the date they could claim their retirement ...
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ArticlePandemic forces 300,000 women out of workplace pensions
Some 300,000 women were unable to make any savings towards a workplace pension in the last year due to the impact of lockdowns, home schooling and increased domestic responsibilities during the pandemic, research has revealed.Workplace pension provider Now: Pensions’ new report Pandemics and pension inequality, created in collaboration with the ...
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OpinionJeremy Harris: What are the long-term consequences of the pensions pay gap?
During a House of Lords debate on 22 November 2021, following a question posed by Labour life peer Lord Sikka about the UK government's efforts to tackle entrenched gender pay inequality, the pensions gap was highlighted as an issue of major concern.The pensions gap, it was noted, contributes to societal ...
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Article51% of employees want greener pensions
Half of employees (51%) want to know that their pension scheme is invested in environmentally and socially sustainable organisations, a new study has found.The research from Cushon showed that, broken down by generation, 60% of millenials are keen to have greener pension investments.Almost half (48%) of savers mistakenly believe that ...
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Article63% say financial knowledge is excellent or above average
Six out of 10 workers (63%) think their financial knowledge is either excellent or above average, according to a new survey.The research of 1,015 UK working adults in employment was carried out by Vital Research for Wealth at Work, and aimed to find out how employees are saving for their ...
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Case StudiesThe benefits on offer at Reed
The benefits on offer at Reed:PensionA group personal pension, with contribution levels based on qualifying earnings. Reed contributes 3% and employees (co-members) contribute 5%. The default scheme uses a salary sacrifice model and co-members are able to enhance their contributions by choosing a fixed amount per period or sacrificing more ...
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Article54% of employees' retirement plans hit by Covid
New data has revealed that more than half (54%) of UK working adults said that the impact of the Covid-19 (Coronavirus) pandemic has affected their plans to retire.According to research carried out by insurance provider Aviva, nearly one in five (18%) respondents feel less secure about their financial future, peaking ...
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ArticleReuters agrees to £310 million pension buy-in
Reuters, an international news organisation owned by Thomson Reuters, has announced that it has agreed to a £310 million full-scheme buy-in transaction for its supplementary pension scheme.The transaction was the agency’s first with financial services company Legal and General Assurance Society, otherwise known as Legal and General, and involved the ...
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ArticleUniversity staff to strike in pensions and pay dispute
Lecturers at as many as 58 UK universities will take part in strike action on 1-3 December in a row over pensions, pay and working conditions.According to the University and College Union (UCU), some staff are striking because of the Universities Superannuation Scheme pension fund, which was put into place ...
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Article37% of female staff do not have workplace pension
New data has revealed that 37% of female employees do not have a workplace pension, compared to 32% of men.Pensions consultancy Barnett Waddingham’s research was compiled based on responses from 2,002 UK working adults, of which 1,022 were women. It found that females are lagging behind men on workplace pensions, ...
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OpinionKirsty Pake: How to solve a problem like pension scams
To quote the Department of Work and Pensions: “pension scams are a menace”. Until now, trustees’ hands were tied where a member had a statutory right to transfer their benefits and, even in cases where the receiving arrangement appeared to be a scam, they were obliged to make the transfer.Regulations ...
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ArticleConfessions of a benefits manager: Candid attends a trustee meeting
If there is one thing guaranteed to put me on a downer, it is going to the quarterly trustee meeting. I was flattered when Big Bad Boss first sent me in his place. The consultants we use for our defined benefit (DB) plan hold the trustee meetings at the Shard, ...
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ArticleKavitha’s keynote: Employers can protect the planet
As this year’s United Nations Climate Change Conference (COP26) continues, now seems like as good a time as any for employers to look at the role they can play in protecting our planet.In recent years, a growing number of industries and businesses have been pledging to reduce their effect on ...