All Pensions articles – Page 41
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ArticleMondelez International seeks panel of part-time chocolate tasters
Something for the weekend: Confectionery and biscuit manufacturer Mondelez International is searching for 12 part-time chocolate tasters, and successful candidates will be able to taste and give feedback on an array of chocolate goodies and sweet treats.The international organisation, which owns popular brands such as Cadbury, Milka, Prince and Oreo, ...
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ArticleEXCLUSIVE: Auto-enrolment has increased costs for 50% of organisations
EXCLUSIVE: Pensions auto-re-enrolment either has increased or will increase costs for 50% of organisations, according to research by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018 report, which was published in December 2018, canvassed 246 respondents, and found that the proportion of those who felt that auto-enrolment ...
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Case StudiesSunrise Senior Living puts recognition at the heart of its benefits strategy
Private residential and nursing care home business Sunrise Senior Living centres its benefits strategy around peer-to-peer and top-down recognition, aligned with its business goals and principles of service.Primarily, this is achieved through the organisation’s Heart and Soul programme, which encourages its 5,000 UK-based employees to recognise colleagues that go over ...
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Case StudiesThe benefits offered by Sunrise Senior Living
The benefits offered by Sunrise Senior Living: Pension, protection and payA defined contribution (DC) pension scheme for all employees, delivered through a master trust. Contribution levels vary depending on seniority.Income protection is available for salaried employees on an employer-funded basis. This pays up to 70% of their basic salary for ...
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ArticlePearson completes £500m pensions buy-in
Education and learning organisation Pearson has completed a pensions buy-in transaction totalling £500 million.The buy-in policy has been completed with Legal and General Assurance Society for The Pearson Pension Plan. This will operate alongside two previous buy-in transactions, purchased in 2017 with Aviva and Legal and General, to cover approximately ...
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ArticleCardano Group to acquire Now: Pensions
Pensions risk and investment management firm Cardano Group has agreed to acquire workplace pension provider Now: Pensions.Cardano Group, which previously acquired covenant advisory organisation Lincoln Pensions in October 2016, will acquire 100% of Now: Pensions from Danish pension fund Arbejdsmarkedets Tillaegspension (ATP). This is due to complete later in 2019, ...
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ArticleEXCLUSIVE: Two-fifths of organisations offer cash to staff who reach lifetime or annual limits
EXCLUSIVE: Two-fifths (42%) of organisations offer cash as an alternative to pension contributions for those employees that reach their lifetime or annual allowance limits, according to research by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018, published in December 2018, gathered 246 responses. It found that the ...
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ArticleThree-fifths cite having more than 28 days of annual leave as an important benefit
Approximately three-fifths (59%) of employees state that having more than 28 days of annual leave within their benefits package is important; however, only 36% of employers offer this, according to research by recruitment organisation Hays.The Hays salary and recruiting trends 2019 guide, which surveyed 7,820 employers and 14,889 employees, also ...
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OpinionJonathan Watts-Lay: Five ways to help employees facing retirement
In the new world of freedom and choice in pensions, one of the fundamental elements of employee financial wellbeing is retirement preparation. Many employees will turn to their workplace for support at this stage of their life, so Wealth at Work has listed five ways employers can help staff who ...
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ArticleTPR used enforcement powers 21,814 times to tackle auto-enrolment non-compliance in Q4
The Pensions Regulator (TPR) used its enforcement powers for pensions auto-enrolment non-compliance 21,814 times between October and December 2018, compared to 38,095 times in Q3 of 2018, according to research by TPR.Its Compliance and enforcement quarterly bulletin: October-December 2018 report, which provides information on the powers TPR has used, as ...
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Supplier articleTop tips on how employees can avoid losing their pension to scams and fraudsters
WEALTH at work has shared its top tips on how employees can avoid losing their pension to scams and fraudsters. Scams don't look like scams – Scams look and sound legitimate by having very professional looking websites and literature which is why employees can easily be deceived. Whichever option ...
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Supplier articleDefault pathways at-retirement could lead to many pension scheme members losing out
Some in the pensions industry believe that default retirement pathways protect individuals from making poor decumulation choices and the FCA has recently announced a consultation on how to implement default investment pathways for non-advised individuals entering drawdown.Jonathan Watts-Lay, Director, WEALTH at work, comments:“I don’t believe that anyone should be defaulted ...
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ArticleMore than 1.4 million employers have completed auto-enrolment duties
More than 1.4 million (1,448,774) UK employers have completed their pensions auto-enrolment duties, as at January 2019, according to research by The Pensions Regulator (TPR).Its Declaration of compliance report: July 2012-end January 2019, which is based on information submitted by employers when they complete their declaration of compliance documentation, also ...
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Article
Moore moves to Universities UK
[Have asked for pic]Sharon Moore has joined higher education representative organisation Universities UK as its pensions policies and engagement manager.Previously, Moore worked as manager, pensions and benefits at The London School of Economics and Political Science (LSE), pensions manager at the University of Hertfordshire and as senior pensions administrator at ...
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ArticleAccounts manager fined £5,000 for auto-enrolment non-compliance
Image credit: Akbar'sA Bradford-based accounts manager has been fined £5,000 for failing to automatically enrol 103 employees into a workplace pension.An investigation by The Pensions Regulator (TPR) found that Mansoor Nasir, who was acting as the payroll adviser for nine restaurants based across Birmingham, Manchester, Yorkshire and the North East, ...
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ArticleBroadstone Group acquires CS Financial Solutions
UK-based employee benefits and pensions consultancy Broadstone Group has acquired specialist employee benefits consulting firm CS Financial Solutions (CSFS), including its CS Trustees arm.The acquisition enables Broadstone Group, which also operates an independent trustee business, to strengthen and extend its current offering in the employee benefits consulting sector to support ...
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ArticleHistoric Royal Palaces staff continue strike action in pensions dispute
Historic Royal Palaces (HRP) staff, including Beefeaters, who are members of the trade union GMB, are undertaking strike action today (Wednesday 6 February 2019) in an ongoing dispute over pensions.GMB members will participate in a walkout at both the Tower of London and Hampton Court Palace sites between 11am and ...
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ArticleHalf of occupational DC trust-based pension schemes use default investment strategy
Just over half (52%) of occupational defined contribution (DC), trust-based pension schemes in the UK use a default investment strategy, according to research by The Pensions Regulator (TPR).Its DC trust: Presentation of scheme return data 2018-2019 report, now in its ninth edition, provides information from 31,910 current schemes from the ...
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ArticleThree-quarters of employees want a more tailored benefits package
Approximately three-quarters (73%) of employees want a more tailored benefits package, according to research by build-to-rent organisation Get Living.Its survey of 2,000 UK employees also found that 48% of respondents would leave their current job for one with better perks, while 7% are willing to take a pay cut in ...
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AnalysisHow can employers use reward and benefits to address sustainability?
Need to know:Employers need a strategic and holistic approach when addressing sustainability; this should align with organisational values and corporate social responsibility.Intrinsic rewards can often be more motivational than extrinsic, as part of a recognition programme based around sustainability.Employees’ personal values and objectives should feed into the organisation’s overall approach ...