All Pensions articles – Page 42
-
OpinionDr Aideen Young: Employers are well-placed to help staff prepare for later life
Auto-enrolment has led to huge gains in pension participation: according to May 2018 figures from the Office for National Statistics (ONS), around 73% of UK employees had an active workplace pension in 2017, up from less than 47% in 2012.While this is good news, pension contributions have remained at the ...
-
ArticleEXCLUSIVE: Only 9% of younger employees prioritise retirement savings
EXCLUSIVE: Less than one in 10 (9%) of employees aged between 18 and 35 rank retirement savings as their number one priority, despite 66% of employers believing that pension schemes are a priority for all staff, according to research by Smarterly.The survey of 1,248 employees and 508 HR professionals in ...
-
ArticleQueen’s Speech confirms Pension Schemes Bill and CDC pensions
The Queen has confirmed that the implementation of the Pensions Schemes Bill will be brought forward, legislating for the introduction of pensions dashboards as well as collective defined contribution (CDC) pension schemes.The Bill was one of the measures announced in the Queen’s Speech, delivered on Monday 14 October 2019 to ...
-
AnalysisHow financial education can help employees make sense of their benefits
Need to knowFinancial education that helps employees understand topics like money management, debt consolidation and savings will be most effective when accompanied by relevant products for them to subsequently use.Pensions are a primary subject for many employers, but more immediate concerns should be taken into account to get staff to ...
-
Case StudiesAMV uses financial advice to boost pensions understanding and financial wellbeing
In 2007, Advertising agency Abbott Mead Vickers BBDO (AMV) started working closely with benefits broker Connor Broadley to offer education around pensions and other financial matters, using staff surveys to discover what topics employees would be interested in learning about.Since then, employees have been able to book appointments with representatives ...
-
ArticleConfessions of a benefits manager: Candid looks at pension investments
Smarmy Consulting have invited us for an investment review meeting. Well, actually, they invited just me, but as it is to be held in the Gherkin, Big Bad Boss decided to come along too. At least this means we can share responsibility for any difficult decisions.I arrive early to take ...
-
ArticlePunter Southall Aspire acquires employee benefits division at BDO
Financial planning and retirement savings organisation Punter Southall Aspire has acquired the employee benefits division of UK accountancy and business advisory firm BDO.The acquisition aims to strengthen Punter Southall Aspire’s employee benefits business, enabling the organisation to offer a comprehensive range of reward products around pensions and auto-enrolment consultancy, pensions ...
-
ArticleCardano Group acquires Now: Pensions
Pensions risk and investment management business The Cardano Group has completed the acquisition of pension provider Now: Pensions from Danish pension fund Arbejdsmarkedets Tillaegspension (ATP).Now: Pensions, which received its master trust authorisation from The Pensions Regulator (TPR) on 24 September 2019, is the UK’s third largest auto-enrolment provider. The organisation ...
-
ArticleHigh Court rules that equalising state pension age is non-discriminatory
The High Court has ruled that equalising the state pension age between men and women is not discriminatory on the grounds of age or sex, confirming that successive governments were within their jurisdiction to implement legislative changes through numerous Pensions Acts.The case, Delve and Glynn v The Secretary of State ...
-
ArticleTake part in exclusive pensions research and be in with a chance to win £100 retail voucher
How are organisations providing financial education to employees? Are staff saving enough money to feel comfortable in retirement? How often do businesses conduct pensions-related communications?Employee Benefits readers can now benchmark their approach to pensions and retirement by participating in this year’s exclusive Employee Benefits/Wealth at Work pensions research. The survey ...
-
ArticleEXCLUSIVE: Virgin Atlantic reinvigorates benefits package for 10,000 employees
Employee Benefits Live 2019: International airline Virgin Atlantic has reinvigorated its wellbeing approach and employee benefits package to better reflect and accommodate its growing workforce.Josie Lazenby, senior manager, wellbeing and benefits at Virgin Atlantic, discussed the benefits refreshment journey during the conference programme at Employee Benefits Live 2019 on Tuesday ...
-
ArticleTelent agrees bulk annuity transaction to cover 39,000 pension scheme members
Technology and telecommunications organisation Telent has agreed a bulk annuity buy-out transaction with specialist insurance firm Rothesay Life.The two-part transaction, which will consist of both a buy-in and buy-out process, aims to secure the pension benefits and existing benefit terms and conditions for approximately 39,000 members within Telent’s defined benefit ...
-
Supplier article
How Experian supports its scheme members at-retirement
With freedom and choice in pensions revolutionising the options available for individuals, Experian identified the need for a retirement financial education service to support its employees.WEALTH at work were appointed in March 2018 to create a bespoke at-retirement financial education and guidance programme for around 9,500 of Experian’s Retirement Savings ...
-
ArticleTwo-fifths think pension funds will fall in value as a result of Brexit
Just over two-fifths (42%) of respondents believe that their pension funds will fall in value as a result of Britain's exit from the European Union (Brexit), currently projected for 31 October 2019, according to research by pension provider Aegon.Aegon's bi-annual Retirement confidence survey, which surveyed 830 respondents recruited via the ...
-
Supplier articleMaking a case for investment in Wellbeing
An investment in workplace wellbeing is an investment in the business.When a HR Manager approaches the board to propose an employee health and wellbeing initiative, they may be met with certain challenges or questions. One such question might be: "Why should we invest in the wellness of our employees?" A ...
-
ArticleTake part in exclusive pensions research to benchmark strategy and map trends
What primary and secondary pension schemes are employers offering to staff? Are employees saving enough to be comfortable in retirement? How recently have organisations conducted pensions communications exercises? What are businesses doing to tackle the gender pension gap?Employee Benefits readers can now have their say by participating in this year's ...
-
Supplier articleBenefex announces major UK expansion to support global growth
Employee Experience platform provider expands Southampton headquarters with state-of-the-art innovation lab, creating over 50 new jobs.Benefex, the people behind the award-winning employee experience platform, OneHub, today announces the major expansion of its headquarters in Southampton. The announcement comes following the company’s investment from Bain Capital Private Equity last year, and ...
-
AnalysisTop tips on using workplace interventions to boost pensions engagement
Need to know: Workplace interventions can make pensions engaging, interesting and even fun for employees who might not have thought about them previously.Combining group and one-to-one sessions, as well as open dialogue with the audience, can ensure a wide range of employees are catered for.Marketing techniques, such as attention-grabbing events, ...
-
Case StudiesHachette uses workplace event to engage younger staff with pension contributions
On 28 November 2018, London-based publisher Hachette undertook a workplace event aimed at getting the 930 employees in its Victoria Embankment office enthused about their pensions. This is particularly important as, with a workforce predominantly aged between 25 and 40, it can be difficult to engage staff with a topic ...
-
Case StudiesAnglian Water provides for financial wellbeing across varied life stages
Utilities organisation Anglian Water has approximately 5,000 employees in the UK, half of whom are based across its main office locations, with the remaining half working operationally around the country.With such a varied workforce demographic, which also spans numerous generations, it is important that the organisation’s financial wellbeing support can ...