All Pensions articles – Page 33
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OpinionTim Middleton: Do pensions still have a role in attracting talented employees?
Decades ago, a pension scheme would have played a vital role in helping employers recruit and retain talented individuals.Today, however, things are significantly different. For one, employers are far less likelyto want to recruit employees who will stay with them to retirement. Moreover, as it is now a statutory requirement ...
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Case StudiesUniversity of Lincoln uses targeted communications to position pensions
With about 2,000 employees enrolled across six pension schemes, the University of Lincoln faces a considerable challenge when it comes to reaching its entire workforce, let alone effectively engaging staff with pensions.To position retirement savings as a key element of the employee journey and the overall reward package, the university ...
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AnalysisEnhanced engagement: Positioning pensions within an employee value proposition
Need to know:Pension scheme positioning does not just enhance the employee value proposition (EVP) at the point of recruitment, but should be a factor in the entire employment life cycle.For a pension scheme to attract and retain talent, its contributions need to be more generous than the minimum set by ...
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ArticleUCL academics and outsourced domestic staff unite in strike over pay and conditions
University College London (UCL) academic, support and domestic staff have joined together for the first ever combined strike of direct and outsourced university staff today (4 December 2019).Represented by the Independent Workers Union of Great Britain (IWGB), staff including outsourced cleaners, porters and security officers who are currently employed by ...
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ArticleEXCLUSIVE: Majority of employers contribute above auto-enrolment minimum
EXCLUSIVE: The majority of employers are contributing higher rates into their employees’ pensions than the minimum amounts required under auto-enrolment, according to research by Employee Benefits.The Employee Benefits/Wealth at Work Pensions research 2019 was conducted during October 2019 among 135 HR decision makers.Legislation calls for employers to contribute at least ...
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ArticleEXCLUSIVE: 53% of employers offer GPPs as primary pension scheme
EXCLUSIVE: The most common primary pension scheme offered by employers this year is a group personal pension (GPP) plan, cited by more than half (53%) of respondents, according to research by Employee Benefits.The Employee Benefits/Wealth at Work Pensions research 2019, which was conducted during October 2019 among 135 HR decision ...
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Supplier articleSix ways to get your leaders on board for your employee benefits investment
New research indicates that three-quarters of employees want a more tailored benefits offering. That's why leading HR innovators are leveraging technology to expand and improve their benefits offering to give employees what they really want.But what often stops people from implementing a world-class benefits programme? The elusive tick of approval.After ...
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OpinionJeremy Harris: Universities must review their pension strategies
With rampant news about the eight day industrial action by staff at 60 universities across the UK this week, it is hard to make sense of the history and reasoning behind the current strike, and, more importantly, why now is the time for universities to review their pension strategy.Back in ...
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ArticleTiny Hearts Day Nursery ordered to pay £8,200 for failing to pay staff pensions
Childcare provider Sulouste, which trades as Tiny Hearts Day Nursery, has been ordered to pay £8,200 to 13 employees for failure to comply with pension duties, the Pensions Regulator (TPR) has ruled.The sentencing was held at Brighton Magistrates’ Court on 20 November 2019 after the defendants pleaded guilty to the ...
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Article
Staff at 60 UK universities commence strike action in dispute over pay and pensions
Staff employed at 60 UK universities, and who are members of the University and College Union (UCU), have commenced strike action today (Monday 25 November 2019) in a dispute over pay, conditions and pensions.The strike, which will affect institutions across the UK, including York, St Andrews, Cardiff, Cambridge, Oxford and ...
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OpinionTony Britton: Important questions when choosing a master trust
Since the introduction of master trust authorisation (MTA) earlier this year, every workplace master trust must be formally approved by The Pensions Regulator (TPR). It is a robust process that sets high standards and requires master trusts to keep them there.However, it does not mean that all approved master trusts ...
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ArticleA third of women do not know how much they have saved in pensions
Just over a third (34%) of women are not aware of how much they have saved in pensions, compared to only 16% of men, according to research by Aegon.The Aegon retirement confidence survey, which tracked the responses of a sample of 830 representative UK residents, also found that 40% of ...
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ArticleEmployee Benefits/Wealth at Work pensions research 2019
Click to download the Employee Benefits/Wealth at Work pensions research 2019 reportThe Employee Benefits/Wealth at Work pensions research 2019 was conducted in October 2019 among readers of https://employeebenefits.co.uk. It received 135 responses.This report is aimed at helping compensation, reward and benefits professionals understand the key issues driving current pension strategies, ...
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OpinionAnne-Marie Winton: Higher fines and tougher penalties following the Pensions Bill
Now that the general election campaign is upon us, October's Queen’s Speech is all but forgotten, but, should the Conservatives win a majority, one piece of draft legislation with a far-reaching impact seems set to become law early in 2020: the Pension Schemes Bill.The principal objectives of this bill are ...
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ArticleRos Altmann: What actions would you recommend to government on pensions?
There are several urgent reforms that the new government should consider for early legislation. As the Pension Schemes Bill was abandoned before dissolution of Parliament, it will need to be revived next year.Regulators need more powers to force pension providers to improve the quality of their data records and provide ...
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ArticleRob Yuille: What actions would you recommend to government on pensions?
People find pensions complicated, this we know. So, as political parties do their best to woo the electorate, the Association of British Insurers (ABI) has identified three areas in which a new government can improve the pensions system by making it fairer, safer and simpler for consumers to understand and ...
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ArticleLesley Browning: What actions would you recommend to government on pensions?
Pensions issues have been largely ignored recently. The Pension Schemes Bill died when Parliament dissolved, and even that failed to deal with many burning issues. So, what is on my pensions wish list for any new government?First, allow trustees to invest for good. Pension trustees have to reveal their investment ...
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ArticleFrimley NHS staff protest transfer that could erode pay and conditions
Frimley Health NHS Trust staff who are members of trade unions Unite and GMB are taking industrial action today (18 November 2019) to protest their transfer to a Wholly Owned Subsidiary (WOS), which they claim will risk eroding their pay and employment conditions.Estates management, equipment maintenance, catering, portering procurement and ...
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ArticleSKL Recruitment charged with non-payment of pension contributions
Recruitment agency, SKL Recruitment has pleaded guilty to falsely claiming that it had enrolled employees into a workplace pension scheme.Appearing at Brighton Magistrates' Court on 13 November 2019, the Hertfordshire-based employer admitted to misleading The Pensions Regulator (TPR) by providing false information.Managing director Linus Kadzere told TPR at that his ...
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Case StudiesPolice Scotland harmonises pay and benefits for 6,000 staff
Three years ago, national police force Police Scotland embarked on a project to harmonise its employee benefits, as well as its employment terms and conditions, for its 6,000 non-officer staff.Known internally as the Staff Pay and Reward Modernisation Programme (SPRM), the project aimed to introduce equality and fairness to the ...