All Pensions articles – Page 20
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Article57% want their pension to be invested responsibly
New research has found that while approximately 3.14 million people (15%) currently invest responsibly in their pension either through their workplace or privately, an additional six million could change to responsible investing once they understand what it involves.Mutual pension provider Royal London revealed that more than half (57%) want their ...
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ArticleThe Royal Household looks for new recruits
Something for the weekend: Do you feel royally fed up with where you are working? Well, now’s your chance to swap those everyday humdrum office surroundings for the exclusive environments of Buckingham Palace, Windsor Castle, the Palace of Holyrood House and beyond, because The Royal Household is on a recruitment ...
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ArticleThe Pensions Regulator launches new employer equality strategy
The Pensions Regulator (TPR) has implemented a new equality, diversity and inclusion strategy for employers to create a fairer and more inclusive culture throughout the pensions industry.The strategy, which was developed in discussion with pensions firms, focuses on how TPR will embed diversity and inclusion throughout its organisation, and how ...
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ArticleGivaudan completes £64 million bulk annuity deal
Flavours and fragrances manufacturer Givaudan has announced the defined benefit (DB) pension liabilities of its UK pension plan have been insured by Aviva.The £64 million bulk purchase annuity transaction means the DB pension liabilities for the 277 members of the scheme are protected, with the insurance provider taking responsibility for ...
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ArticleThree in 10 millennials do not save into a pension pot
New research has found that nearly a third of millennials are not saving into a pension pot.The study was carried out in order to learn more about the younger generations and their attitudes and behaviours towards saving for retirement by pension provider Profile Pensions. It discovered that many of those ...
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ArticleEastman introduces new employee pension services
Global speciality materials business Eastman has introduced combined actuarial and administrative services for employees in its three UK defined benefit (DB) pension schemes.US-based Eastman, whose UK DB schemes cover nearly 2,000 members, outsourced the administration, actuarial, investment and consultancy services to Willis Towers Watson (WTW), while still allowing trustees and ...
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ArticleSouthwark Council improves employee pensions management
Southwark Council has introduced improved digital pension services for its employees.The new provision will allow pension scheme members to manage their pension and personal information, view communications and track progress on their case at any point during the day. They will benefit from being able to have more control over ...
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Article16% of employees want to contribute more to their workplace pension
A total of 16% of employees plan to increase their workplace pension contributions as a result of the Covid-19 (Coronavirus) pandemic, according to findings from Close Brothers.The new report, Expecting the unexpected: a spotlight on preparing for a crisis, was compiled based on data from 2,000 UK-based staff at companies ...
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ArticleGeneral Electric faces industrial action over pension reforms
UK division workers at General Electric (GE) have threatened industrial action over reforms to the company's pension schemes, following criticism from the union Unite.Back in January, the digital industrial company announced proposals to freeze the accrual of benefits for 2,800 staff across its UK businesses, as well as all current ...
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ArticleFTSE 350 pension scheme deficits increase to £81 billion
The accounting deficit for defined benefit (DB) pension schemes at the UK’s top 350 FTSE organisations increased by £5 billion to £81 billion in May this year, up from £76 billion in April 2021.According to Mercer’s Pensions risk survey, which analysed pension scheme deficits calculated using the approach organisations have ...
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OpinionChris Brooks: Changes are needed to help women save more for retirement
In our increasingly uncertain world, building a future income by saving into a pension is very important. Auto-enrolment has helped many people to do this, with more than 10 million new savers since its inception, which is the start of building a platform for people’s later life.However, women are still ...
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AnalysisHow can employers encourage women to save more into their pensions?
Need to know:The disparity in pensions between the sexes remains huge, with the median pension wealth of women coming up to retirement standing at just one-third of men’s.A clean way to help remedy this is to extend workplace schemes to all employees, including those earning under the £10,000 mandated by ...
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Case StudiesACCA opens up conversations with female employees around pensions
The Association of Chartered Certified Accountants (ACCA) accredits and supports a global community of 227,000 members and 544,000 future members. The organisation is headquartered in London and has around 1,400 employees in 44 countries with around 950 in the UK.As befits the first accountancy body to admit women to membership ...
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ArticleEmployee benefits could ease the burden for Generation X carers
New data has suggested that offering statutory paid parental leave and flexible working could ease the burden for Generation X carers.According to the International Longevity Centre’s (ILC) Slipping between the cracks report which was supported by long-term savings and retirement business Phoenix Group, carers from Generation X - those born ...
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OpinionSarah Henderson: What pension scheme employers should be prioritising in terms of GDPR
Pension scheme employers and trustees spent many hours getting ready for the revamped data protection regime that came into force on 25 May 2018. What’s new in the data protection landscape and what should pension scheme employers and trustees be prioritising three years later?First, mapping your data footprint remains a ...
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ArticleJohn Wyeth and Brother completes £190 million bulk annuity deal
The defined benefits (DB) liabilities of members of the John Wyeth and Brother's Wyeth Group Pension and Life Assurance Scheme (1997) have been insured by Aviva, it has been announced.The £190 million bulk annuity buy-in transaction means the DB pension liabilities for approximately 2,000 members of the scheme are protected, ...
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ArticleKavitha’s keynote: Employers must take heed of the gender pensions gap
Figures out this week showed that in the UK men have 38% more in their pension pot than women, with a 57% gap in favour of men found in Northern Ireland. But it’s not the first time research has highlighted such a huge disparity in gender pensions savings.Meawhile, other pensions ...
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ArticleUK gender pensions gap averages 38%
Research carried out by PensionBee has revealed that depending on age and location, the UK gender pensions gap is as high as 57%.The online pension provider found UK men have saved £24,236 towards their retirement compared to just £15,006 saved by UK women, which is a 38% gap in the ...
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Case StudiesThe benefits offered by Aster Group
The benefits on offer at Aster Group: Pension and financial wellbeingThe Social Housing Pension Scheme (SHPS) master trust, available for all employees with auto-enrolment contribution levels of 4% employee and 4% employer.Financial webinars.Pension one-to-ones, employer-paid.Retirement modeller.Healthcare and wellbeingHealth cash plans with Simply Health for all employees, employer-funded at level one, ...
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Article25% would increase pension contributions if they understood tax relief
One in four people would be more likely to increase pension contributions if they understood tax relief better, according to new research.A survey of 2,000 UK adults carried out by Opinium on behalf of insurer Royal London found that 15% of respondents fully understood how tax relief on pension contributions ...