All Pensions articles – Page 20
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Article65% of firms predict financial wellbeing challenge
New research has found that two-thirds (65%) of HR decision makers predicted financial wellbeing will become the next big employee challenge.Pensions organisation Scottish Widows, which surveyed more than 500 HR leaders from UK businesses, revealed that monetary concerns during the Covid-19 (Coronavirus) pandemic have led to almost half of workers ...
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Article47% of staff do not know how to plan for retirement
Nearly half (47%) of employees do not have the knowledge to plan for their retirement, according to new research from Aviva.The study found that 28% feel secure regarding how to manage their pension and 27% are confident they know what a good amount to have in their pension is for ...
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ArticleJohn Laing completes £320 million bulk annuity deal
Infrastructure business John Laing Group has completed a £320 million bulk annuity deal for its pension fund members.According to the business, this is the second buy-in transaction with Aviva, following a £211 million transaction in December 2008, and will insure the defined benefit pension liabilities for 1,850 current pensioners. Fund ...
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ArticleThe top 10 most-read articles between 10 September - 16 September 2021
The top 10 most-read stories on employeebenefits.co.uk between 10 September – 16 September 2021 were: Morrisons to slash sick pay for unvaccinated workersHow has the pandemic changed the shape of Christmas incentives and rewards?The Botanist offers £500 to test roast spuds71a gives staff pay rise after national insurance hikeGender pay ...
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ArticleKavitha’s keynote: Pensions awareness is a work in progress
This year’s Pensions Awareness Day took place on 15 September, with an aim of highlighting the importance of saving for retirement.Research carried out by HR and payroll services provider MHR, to tie in with the day, however, found that as many as one in four employees have no pension at ...
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ArticleResearch reveals gender pension divide
New data has revealed that nearly two-thirds of male workers (64%) are confident they will retire at the age they intend to, compared to one in two (53%) females.Insurance and financial services organisation Canada Life surveyed UK 4,001 working adults who had received advice from a professional adviser and found ...
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Article23% of employees have no pension plan
Almost one in four (23%) members of staff have no pension plan in place, despite the requirement for employers to provide and automatically enrol employees on to a scheme.The research has been carried out by HR and payroll services business MHR International to run alongside Pensions Awareness Day taking place ...
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ArticleLancaster University staff plan strikes in pension row
Lancaster University employee strikes are reportedly “inevitable” amid an ongoing dispute over pension cut plans.Last month (August), the University and College Union (UCU) emailed more than 50,000 members in Universities Superannuation Scheme (USS) institutions inviting them to a meeting to outline their preparation to ballot and take part in industrial ...
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Article27% of retiring staff fail to understand income options
More than a quarter (27%) of employees approaching retirement admit that they need help understanding their income options, according to a new survey.Vital Research carried out the study on behalf of financial wellbeing and retirement specialist Wealth at Work, speaking to 1,320 UK employed adults aged over 50, and found ...
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Article25% of workers do not have a workplace pension
A quarter of workers (25%) do not have a workplace pension, with another 5% saying they have no idea whether they have one or not, according to research conducted by the Pensions and Lifetime Savings Association (PLSA).The survey of 2,075 workers, carried out by Yonder Consulting, also revealed that one ...
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ArticleStaff would sacrifice £1,949 from salary for flexibility
Workers are willing to sacrifice an average of £1,949 from their salary in exchange for a better work-life balance, according to new research.Job site Indeed surveyed 2,000 employees and found that if those earning the average annual salary of £31,461 gave up £1,949 a year, they would lose 7% of ...
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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 ...
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Case Studies
Infographic: Pensions education in numbers
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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 ...
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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 ...
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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 ...
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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. ...
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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 ...
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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 ...
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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, ...