All Pensions articles – Page 52
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ArticleEXCLUSIVE: 54% are concerned about decision-making when accessing pension benefits
EXCLUSIVE: Uncertainty about how to make the best decisions when accessing pension benefits topped the list of employees’ concerns regarding retirement, cited by 54% of respondents in research conducted by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018 garnered 246 responses and was published in December 2018. ...
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Case StudiesThe benefits offered by Indeed
The benefits offered by Indeed:Pension, protection and payGlobal 401k retirement saving scheme for all full-time employees. If staff save up to 6% of their pre-tax salary into the scheme, Indeed will match half. The scheme is managed internally.Employer-paid short-term and long-term disability insurance, paid up to a set amount based ...
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ArticleTPR issues guidance on DB superfunds ahead of government legislation
Employers will need to apply to The Pensions Regulator (TPR) for clearance if they wish to transfer their defined benefit (DB) pension scheme into a superfund, according to guidance published by TPR today (Friday 7 December 2018).While the government consults on the consolidation of DB pension schemes, TPR has issued ...
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ArticleAll master trusts agree that authorisation regime is a positive development
All respondents either agree (7%) or strongly agree (93%) that the master trust authorisation regime is a positive development, according to research conducted by a working party of eight organisations and the Pensions Management Institute (PMI).The PMI master trust report: working collaboratively to overcome barriers to good service delivery, published ...
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ArticleCourt of Appeal upholds that BT cannot change index used to calculate pension increases
The Court of Appeal has upheld that telecommunications organisation BT cannot change the index it uses to calculate pension increases for the approximately 80,000 members in section C of its defined benefit (DB) pension scheme.BT went to the High Court in December 2017 to seek a decision on whether it ...
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ArticleFirst pensions dashboard set for launch in 2019, says government report
The first version of the pensions dashboard is set to be launched next year, according to feasibility report and consultation into the project conducted by the government. The dashboard will be designed to give individuals information on how much they have in their pension pots and the funds they can ...
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ArticleEXCLUSIVE: 85% believe it is too early to tell the impact of Brexit on pensions
EXCLUSIVE: An overwhelming majority of respondents (85%) believe it is too early to tell what the impact of Brexit will be on pensions, according to research by Employee Benefits and Barnett Waddingham.The report, titled Employee Benefits/Barnett Waddingham pensions research 2018, surveyed 246 respondents and was published in December 2018. It ...
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ArticleHalf of employees with money worries believe their work is suffering as a result
Half (50%) of employees experiencing financial worries believe that the quality of their work is negatively affected as a result, according to a study commissioned by pension and investment organisation Aegon.The research, based on an August 2018 YouGov survey of 505 HR decision makers from UK private sector organisations, also ...
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ArticleTwo-fifths of younger workers are putting off saving for retirement
More than two-fifths (44%) of workers aged between 25 and 34 admit to putting off saving for or investing in long-term prospects such as retirement, according to research by investment management organisation Blackrock.In July 2018, the organisation's annual DC pulse survey polled 1,000 UK working adults aged between 25 and ...
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ArticleEXCLUSIVE: Hachette caricatures employees' future selves to boost pension engagement
EXCLUSIVE: On Wednesday 28 November 2018, London-based publishing organisation Hachette held a workplace pension engagement session at its office on Victoria Embankment, which included seminars, one-to-one chats, and artists drawing 'future self' caricatures.Workplace pensions provider Aegon and pension communications organisation Pension Geeks joined Hachette at its head offices to provide ...
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ArticleEmployee Benefits' pensions research 2018
Click to download the Employee Benefits/Barnett Waddingham pensions research 2018 reportThe Employee Benefits/Barnett Waddingham pensions research 2018 was conducted in September 2018 among readers of employeebenefits.co.uk. It received 246 responses.This report is aimed at helping compensation, reward and benefits professionals understand the key issues driving current pensions strategies, as well ...
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ArticleDiscovery Flexibles Limited chief executive banned from being a trustee
Thomas Christopher Wrigley, chief executive officer and major shareholder at flexible printed packaging manufacturer Discovery Flexibles Limited, has been convicted of refusing to give information to The Pensions Regulator (TPR).TPR launched an investigation when it was contacted by a whistle-blower who alleged that Wrigley, who was also chair of trustees ...
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ArticleHymans Robertson to introduce financial education seminars for 850 UK staff
Pensions and risk consultancy Hymans Robertson is to introduce a series of financial education seminars from January 2019, in order to broaden the wellbeing offering provided for its 850 UK-based employees.The 45-minute, face-to-face seminars, which will be conducted by financial planning and advice business 1825, will be held across Hymans ...
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ArticleMore than a quarter plan to increase investment in health and wellbeing benefits
More than a quarter (29%) of employer respondents state that they are likely to increase investment in their health and wellbeing benefits in the next two years, for example around occupational sick pay, employee assistance programmes (EAPs) and flu jabs, according to research by the Chartered Institute for Personnel and ...
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OpinionHelen Ball: Continued supervision of master trusts implemented on a scale not seen before
Master trust schemes that wish to continue in business after 31 March 2019 are currently applying for their authorisation badge from The Pensions Regulator (TPR). However, getting that badge is only stage one. During stage two, there will be continued supervision of the master trust by TPR, on a scale ...
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ArticleTPR used enforcement powers 38,095 times to tackle non-compliance in Q3
The Pensions Regulator (TPR) used its enforcement powers to deal with pensions auto-enrolment non-compliance 38,095 times between July and September 2018, compared to 43,700 times in the previous quarter, according to its latest compliance and enforcement quarterly bulletin.The report, which provides information on the powers TPR has used, as well ...
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Case StudiesNationwide uses matching contributions to encourage employees to save more
Nationwide Building Society's 18,000 employees benefit from generous minimum pension contributions; they save 4% of their salary into their pension pot, while their employer adds a further 13%.To encourage positive spending habits even further, however, the organisation also offers to match employees’ contributions if they save over and above this ...
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AnalysisHow can behavioural psychology tailor workplace savings messages to staff?
Need to know:A behavioural psychology approach to workplace savings communications can help employees develop positive savings habits.The language used in communications should target different motivators to ensure that the underlying message resonates with as many employees as possible.Employees sharing personal experiences can help to motivate behaviour change, but employers must ...
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ArticleTimpson to be first employer to trial 'sidecar savings' auto-enrolment model
Shoe repair organisation Timpson will be the first employer to trial a new 'sidecar savings' model for auto-enrolment, launched by Nest Insight.In a sidecar structure, contributions over and above the auto-enrolment minimum are managed through a mechanism designed to create an optimal level of liquid savings, while also maximising long-term ...
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OpinionKate Payne: GMP equalisation is needed, but it will not be straightforward
The mist has begun to clear from the recent October 2018 High Court judgment in the Lloyds Bank case, relating to equalisation of guaranteed minimum pensions (GMPs). As lawyers digest the clear and lucid 174-page judgement, they are considering the practical future implications for members, trustees and employers in UK ...