All Pensions articles – Page 43

  • pension-money
    Article

    Savers have accessed £23.6 billion through pension freedoms

    2019-01-28T10:16:50Z

    Retirement savers have accessed approximately £23.6 billion through pension freedoms since reforms were introduced in April 2015, according to data from HM Revenue and Customs (HMRC).Its Flexible payments from pensions: January 2019 report also found that the number of individuals who have received flexible payments from their pensions between the ...

  • Liz Cheaney Coffin Mew
    Article

    Coffin Mew to introduce new employee proposition for 220 staff

    2019-01-25T11:08:00Z

    Regional law firm Coffin Mew is to introduce a range of new employee benefits and workplace initiatives from April 2019 as part of its talent attraction and retention strategy.The new proposition, which is particularly focused on tackling gender equality and agile working, has been designed to align with the firm's ...

  • Kate-Smith
    Article

    Half of employers think that staff financial wellbeing is not their responsibility

    2019-01-23T11:09:29Z

    Around half (51%) of employer respondents think that staff financial wellbeing is not their responsibility, according to research by pension and investment organisation Aegon.The survey, which canvassed the views of 505 UK HR decision-makers, also found that 45% feel they would be intruding on the personal lives of their employees ...

  • Tower of London
    Article

    Historic Royal Palaces staff strike in pensions dispute

    2019-01-22T10:49:29Z

    Staff, including Beefeaters, who work at Historic Royal Palaces (HRP) and who are members of the GMB trade union, are conducting strike action today (Tuesday 22 January 2019) in a dispute over pensions.GMB members will be undertaking the industrial action at both the Tower of London and Hampton Court Palace ...

  • Mark Ramsook
    Article

    Around two-thirds say contributory pension schemes are their most valued benefit

    2019-01-17T10:59:41Z

    Around two-thirds (62%) of respondents state that a contributory pension scheme is one of their top five most valued benefits, according to research by global advisory and brokering organisation Willis Towers Watson.Its survey of 2,000 UK employees also found that respondents most valued health insurance (43%), life insurance (40%), critical ...

  • retirement support
    Article

    EXCLUSIVE: Only two-fifths of employers offer at-retirement support

    2019-01-16T09:00:17Z

    EXCLUSIVE: Only around two-fifths (39%) of employers offer at-retirement support, according to research conducted by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018, which gathered 246 responses and was published in December 2018, found that this is consistent with previous years, as 40% of respondents provided this ...

  • Darren Ryder
    Opinion

    Darren Ryder: TPR survey shows staff are continuing to save more

    2019-01-15T15:00:21Z

    Nearly 10 million people are now saving for their retirement. Thanks to the success of auto-enrolment, contributing to a workplace pension has now become the norm.Staff now expect a pension as part and parcel of their employment; meanwhile, the advertising campaign circulated by The Pensions Regulator (TPR) and the Department ...

  • Addison Lee
    Case Studies

    The benefits offered by Addison Lee

    2019-01-14T16:00:35Z

    The benefits offered by Addison Lee:Pension and payFive defined contribution (DC) pension schemes, which the organisation is looking to consolidate. These include pension schemes with National Employment Savings Trust (Nest) for approximately 500 employed UK chauffeurs, and with Aegon for management. Contributions vary according to seniority: employees and team leaders ...

  • Frontier Airlines
    Article

    Frontier Airlines awards 53% across-the-board pay increase

    2019-01-14T10:44:35Z

    US-based budget airline Frontier Airlines has ratified a new five-year collective bargaining agreement with the Air Line Pilots Association, International (Alpa), which includes an average 53% across-the-board pay increase.The new agreement, which becomes effective on 16 January 2019, and which Alpa estimates to be worth more than $1 billion (£779,315,000), ...

  • approaching-retirement
    Article

    EXCLUSIVE: 57% of employers support staff at retirement using online modelling tools

    2019-01-11T10:25:28Z

    EXCLUSIVE: When it comes to methods of providing at-retirement support, financial education and awareness campaigns have seen huge leaps in popularity since 2017, according to research by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018, which canvassed the views of 246 respondents and was published in December ...

  • workplace pension offences
    Article

    Bradford-based accounts manager admits workplace pension offences

    2019-01-11T10:07:43Z

    Bradford-based accounts manager Mansoor Nasir will be sentenced for workplace pension offences after pleading guilty to nine charges of knowingly or recklessly providing The Pensions Regulator (TPR) with information that was false or misleading.The offences, under section 80 of the Pensions Act 2004, involved workers at the Akbar chain of ...

  • GE Appliances
    Article

    GE Appliances seeks professional grandma to demonstrate products

    2019-01-10T15:49:15Z

    Something for the weekend: US home products supplier GE Appliances is advertising for a professional grandma to demonstrate the cutting edge in its kitchen technology.The organisation states that it wants to celebrate non-traditional, stylish grandmas, and highlights the need for candidates who represent diversity and can help sustain cultural legacies ...

  • pension cold calling
    Article

    Pension cold calling to result in enforcement action and £500,000 fine

    2019-01-09T11:03:54Z

    Organisations making unwanted, unsolicited phone calls to individuals regarding their pensions could face enforcement action, including fines of up to £500,000, under legislation that comes into force today (9 January 2019).Research conducted by the Money Advice Service in October 2015 found that there might be as many as 250 million ...

  • Le Roy van Zyl
    Article

    FTSE 350 defined benefit pension deficit rises to £41bn at the end of 2018

    2019-01-08T11:13:00Z

    The accounting deficit for defined benefit (DB) pension schemes at the UK’s top 350 organisations increased by 28% between the end of 2017 and the end of 2018, rising from £32 billion to £41 billion, according to research by Mercer.Its 2018 Pension risk survey, which analyses the pension deficit calculated ...

  • at-retirement support
    Article

    EXCLUSIVE: Two-fifths expect internal HR teams to provide at-retirement support

    2019-01-07T09:00:41Z

    EXCLUSIVE: The largest proportion of employers (40%) place the responsibility for providing at-retirement support at their HR, benefits, reward and learning and development teams, according to research by Employee Benefits and Barnett Waddingham.However, the Employee Benefits/Barnett Waddingham pensions research 2018, which gathered 246 responses and was published in December 2018, ...

  • DAC Beachcroft
    Case Studies

    DAC Beachcroft uses financial education to encourage active investment choices

    2019-01-03T06:00:58Z

    DAC Beachcroft, which has 2,230 UK-based employees, held a pensions roadshow at its Bristol office in September 2018, in conjunction with Scottish Widows. This enabled employees to book one-to-one consultations and attend a presentation on fund performance and available investment plans.Sarah Young, head of reward at DAC Beachcroft, says: “People ...

  • active decision-making
    Analysis

    How to encourage active decision-making surrounding pension investments

    2019-01-03T06:00:38Z

    Need to know: Employees can self-select their pension fund, rather than remaining invested in the default option; this can help staff better tailor investments to their personal circumstances.Financial education around available pension fund options can help employees make informed, active investment decisions.Communications should be clear, simple and feature a mix ...

  • RSM
    Case Studies

    RSM encourages risk-profiling to engage employees with pension investments

    2019-01-03T06:00:20Z

    Audit, tax and consulting organisation RSM created its defined contribution (DC) pension scheme in 2010 without a default investment fund, encouraging active decision-making among its 3,600 UK-based employees.RSM’s online joining process encouraged staff to utilise a risk-profiling tool, provided by Aviva. This aligned with the available investment funds, including five ...

  • Dianne Day
    Opinion

    Dianne Day: Should workplace pension members select their own investment?

    2019-01-02T16:00:04Z

    Most UK employees saving into traditional defined contribution (DC) pension schemes do not make investment choices; instead, they choose to leave their money in the hands of trustees. From my experience, across the UK, around 80% to 90% of workplace pensions are in default funds, but other self-select choices are ...

  • retire2019
    Supplier article

    6 steps employers can take to help employees who are retiring in 2019

    2018-12-19T12:18:07Z

    The New Year is the perfect time for employees to take stock of their finances and those who are approaching retirement will have a number of decisions to make given the freedom and choice in pensions. Many will turn to their workplace for support with this. Therefore WEALTH at work ...