All Pensions articles – Page 41

  • Spotlight1
    Analysis

    How can employers put their core benefits in the spotlight?

    2019-04-01T05:00:05Z

    Need to know:Core benefits can be costly to provide, but are an important aspect of promoting employee wellbeing and financial protection.Employers must demonstrate the relevance that these benefits hold for employees, and show how they can be used to their advantage.Targeted communication campaigns, delivered in ways that employees will appreciate, ...

  • Government
    Article

    Government recommends cap on executives’ total remuneration

    2019-03-27T11:44:57Z

    The Business, Energy and Industry Strategy (BEIS) Committee has recommended that employers’ remuneration committees should set, publish and explain an absolute cap on executives’ annual total remuneration, in order to encourage fairer pay practices.In its Executive rewards: Paying for success report, published on 26 March 2019, the BEIS Committee states ...

  • Pension
    Article

    Gender pensions gap grew to £126 in 2018

    2019-03-27T11:38:16Z

    Women saved an average of £126 less than men into their workplace pensions in 2018, putting aside £433 on average, compared to the £559 saved by their male counterparts, according to research by workplace pension provider Now: Pensions.Its analysis of the 1.7 million members saving into its pension scheme found ...

  • severn trent water
    Case Studies

    The benefits offered by Severn Trent Water

    2019-03-25T16:00:53Z

    The benefits offered by Severn Trent Water:Pension, protection and payA defined contribution (DC) pension scheme for all employees, offering 2:1 matching contributions and a maximum 15% employer contribution.Group income protection, available for all staff on an employer-funded basis. This operates on a phased reduction model: once an employee's sick pay ...

  • Matthew-Smith
    Opinion

    Matthew Smith: Supreme Court rules on meaning of 'unfavourable treatment'

    2019-03-19T15:00:01Z

    In Williams v The Trustees of Swansea University Pension and Assurance Scheme and Swansea University the Supreme Court confirms a common-sense approach to the meaning of 'unfavourable treatment' under section 15 of the Equality Act 2010.Williams had a disability under the Equality Act. He had originally worked full-time, but was ...

  • Amber-Rudd
    Article

    Government supports the introduction of collective DC pension schemes

    2019-03-19T09:50:50Z

    Amber Rudd (pictured), secretary of state for work and pensions, has confirmed that primary legislation for the introduction of collective defined contribution (CDC) pension schemes in the UK will be brought forward, to be implemented as soon as parliamentary time allows.In a consultation response published on Monday 18 March 2019, ...

  • Gregg-McClymont
    Article

    Nearly half do not know how much their employer pays into their pension

    2019-03-14T10:37:43Z

    Nearly half (48%) of respondents do not know how much their employer pays into their workplace pension, according to research by not-for-profit pension provider The People’s Pension.Its survey of 2,378 UK adults, including 2,009 individuals who have a pension, also found that 35% are not aware that the government contributes ...

  • Michelle-Gribbin
    Article

    Women in southern Scotland have a 48% smaller pension pot than men

    2019-03-13T11:55:57Z

    Women living in southern Scotland have 48% less in their pension pot compared to men from the same region, with average pension savings of £19,039, compared to £36,836, according to research by pensions advice organisation Profile Pensions.Analysing the retirement savings of 9,446 of its customers, Profile Pensions further found a ...

  • plant
    Supplier article

    Poll results: Tax rules when withdrawing pension money

    2019-03-12T10:51:14Z

    Poll results: 91% of employers believe employees don’t understand the tax rules when withdrawing money from their pensionLack of understanding around pension tax could lead to many losing outWEALTH at work recently conducted a poll1 which revealed that 91% of employers believe that employees do not understand the tax rules ...

  • retirement
    Supplier article

    Financial education is essential in helping employees save enough for retirement

    2019-03-07T10:47:17Z

    As part of the government’s plans to help individuals save more for retirement, minimum automatic enrolment contribution rates are due to rise from 5% to 8% this April. But is this enough to secure an adequate retirement income and what more can be done to help employees?Jonathan Watts-Lay, Director, WEALTH ...

  • group personal pension plan
    Article

    EXCLUSIVE: More than half of employers offer group personal pension as primary scheme

    2019-03-06T09:09:05Z

    EXCLUSIVE: Group personal pension (GPP) plans continue to be the most commonly offered primary pension scheme, according to research by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018, which surveyed 246 respondents and was published in December 2018, found that more than half (55%) of employers provide ...

  • pension-money
    Article

    TPR to prosecute charity chairman for pensions fraud

    2019-03-05T10:07:50Z

    The Pensions Regulator (TPR) is prosecuting the former chief executive officer and chairman of charity Yateley Industries for the Disabled on suspicion of defrauding the organisation’s pension scheme.Patrick McLarry, 70, has been accused of transferring more than £250,000 from Yateley Industries’ pension scheme between April 2011 and September 2013, when ...

  • benefits strategy research
    Article

    One day left to take part in exclusive benefits strategy research

    2019-03-05T09:54:47Z

    How is your organisation’s benefits strategy changing to reflect future challenges? How do you measure employee engagement? What outside influences are shaping your approach to reward?There is just one day left to have your say in Employee Benefits' exclusive benefits strategy research.We are particularly interested in finding out about the ...

  • Fraud
    Article

    Accountant pleads guilty to pensions fraud

    2019-03-04T10:57:16Z

    An accountant who acted as a pension trustee and administrator has pleaded guilty to five counts of fraud for transferring more than £280,000 of pension funds into his own businesses and investments.An investigation conducted by The Pensions Regulator (TPR) found that 66-year-old Roger William Bessent took money from the Focusplay ...

  • guidance
    Article

    EXCLUSIVE: A third have seen engagement boost as a result of pension freedoms

    2019-03-04T10:06:22Z

    EXCLUSIVE: Engagement with pensions is cited by 34% of organisations as one of the top effects of the introduction of pension freedoms, according to research by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018, which surveyed 246 respondents and was published in December 2018, also found that ...

  • Pension
    Article

    Financial Conduct Authority consults on disclosing pension charge details to members

    2019-03-01T11:37:51Z

    The Financial Conduct Authority (FCA) has launched a consultation on new rules requiring workplace pension governance bodies to disclose cost and charge information to members on an ongoing basis in order to be compliant with the Pensions Act 2014.The consultation, which will close on 28 May 2019, will set out ...

  • Alex Tullett
    Article

    EXCLUSIVE: Intangible assets are key to demonstrating return-on-investment

    2019-03-01T11:12:15Z

    Employee Benefits Connect 2019: The way organisations measure return-on-investment (ROI) for employee benefits should take into consideration intangible assets, such as branding, employee goodwill, customer relationships, intellectual property and knowledge sharing, according to Alex Tullett (pictured), director of decision science and consulting at outsourcing and professional services firm Capita HR ...

  • Chocolate
    Article

    Mondelez International seeks panel of part-time chocolate tasters

    2019-02-28T16:11:35Z

    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, ...

  • increased costs
    Article

    EXCLUSIVE: Auto-enrolment has increased costs for 50% of organisations

    2019-02-27T09:00:20Z

    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 ...

  • Alison-Fisk1
    Case Studies

    Sunrise Senior Living puts recognition at the heart of its benefits strategy

    2019-02-26T06:00:23Z

    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 ...