All Pensions articles – Page 52

  • Peter Cheese
    Article

    36% do not feel they are paid appropriately

    2018-04-12T10:54:39Z

    More than a third (36%) of respondents believe they are not paid appropriately, according to research by the Chartered Institute of Personnel and Development (CIPD).Its UK working lives: the CIPD job quality index survey report 2018, which surveyed 350,000 employees, also found that 70% of respondents receive an employer pension ...

  • Pension jar, coins
    Article

    20% of employers to pay above auto-enrolment minimum contributions

    2018-04-10T10:36:16Z

    A fifth (20%) of employer respondents plan to pay more than the minimum contribution required for auto-enrolment, following the contribution increase which was effective from 6 April 2018, according to research by The People’s Pension.Its survey of 120 employers also found that 70% of respondents plan to pay just the ...

  • Abigail-Curry
    Article

    Up to 30% of DB pension members over 55 moving to access pension freedoms

    2018-04-10T10:30:58Z

    Between 20% and 30% of active defined benefit (DB) pension scheme members over the age of 55 are transferring out of their scheme in order to access pension freedoms as a result of receiving paid-for financial advice, according to research by Willis Towers Watson.The organisation used data it collated in ...

  • Troy-Clutterback
    Article

    38% opt out of workplace pension because they cannot afford contributions

    2018-04-09T09:51:40Z

    More than a third (38%) of respondents who have chosen to opt out of their workplace pension did so because they cannot afford to have the pension contributions taken from their monthly pay, according to research by Now: Pensions.Its survey of 1,552 UK employees with pre-tax personal incomes of more ...

  • Damian-Stancomb
    Article

    48% do not know auto-enrolment minimum pension contributions are increasing

    2018-04-06T10:28:14Z

    Just under half (48%) of respondents are not aware that auto-enrolment minimum contributions are increasing, according to research by Barnett Waddingham.Its Generation Why report, which surveyed 3,000 employees, also found that 41% of respondents do not know what percentage of their salary they should be contributing to their workplace pension ...

  • Government
    Article

    Government publishes report into pension freedoms

    2018-04-05T10:58:47Z

    The Work and Pensions Committee has recommended that default pensions decumulation routes should be introduced in order to mirror the accumulation successes achieved by auto-enrolment.The recommendation has been published as part of the Pension freedoms: ninth report of session 2017-19 report, which proposes measures that aim to facilitate a pension ...

  • computer Workchain
    Article

    TPR prosecutes Workchain for opting employees out of workplace pension

    2018-04-03T11:18:58Z

    The Pensions Regulator (TPR) is to prosecute recruitment organisation Workchain, its directors and some senior staff members for illegally opting employees out of the business’ workplace pension.TPR has accused Workchain, its directors Phil Tong and Adam Hinkley, and a further five employees, of logging in to the organisation’s online pension ...

  • HM-Revenue-Customs
    Article

    The tax and legislation changes impacting reward from April 2018

    2018-04-03T10:26:40Z

    With the arrival of the new tax year, a number of measures impacting pay and benefits are scheduled to come into effect. Below is a round up of these measures, along with other tax and legislation changes, that employers need to be aware of from April 2018:National minimum wage and ...

  • Royal Mail
    Article

    Royal Mail to proceed with pay and collective DC pension scheme deal

    2018-04-03T09:36:44Z

    Postal organisation Royal Mail is to proceed with its new pay and pensions structure after approximately 110,000 employees, who are members of the Communication Workers Union (CWU) trade union, voted in favour of the agreement.The deal, which was initially proposed in February 2018 after CWU members voted for industrial action ...

  • master trust
    Analysis

    Top considerations when selecting a master trust provider

    2018-04-03T05:00:18Z

    Need to know: Employers need to consider a range of issues when picking a master trust including financial security and future plans.Employers should consider what will work best for members, including investment strategy.It is important to keep any scheme under review to ensure it remains fit for purpose.For some employers, ...

  • Kier Group
    Case Studies

    Kier Group consolidated pensions into master trust arrangement

    2018-04-03T05:00:05Z

    Property, construction and services group Kier previously ran a number of different defined contribution schemes, but moved to a master trust in July 2016.Mark Bradshaw, group reward and benefits director, says: “We wanted just one, to make communication of our pension offering easier for [employees] to understand, as well as ...

  • Neil Carberry
    Article

    47% believe pension freedoms have increased employee engagement

    2018-03-29T10:03:38Z

    Under half (47%) of employer respondents believe that pension freedoms have led to employees being more engaged with their workplace pension, according to research by the Confederation of British Industry (CBI) and Aegon.Its survey of 189 employers also found that 59% of respondents feel that employees diverting money away from ...

  • Supplier article

    Pension transfers under the spotlight

    2018-03-28T15:12:38Z

    Jonathan Watts-Lay, Director, WEALTH at work, a leading proving of financial education, guidance and advice in the workplace, joins PMI TV to discuss the issues surrounding pension transfers and what can be done to protect members.Please click here to watch the video interview.Alternatively, please see below for the transcript of ...

  • DPD
    Article

    DPD to give delivery drivers paid leave, pension and sick pay in new worker contract

    2018-03-28T09:29:11Z

    Parcel delivery organisation DPD is to give its delivery drivers paid annual leave, pension entitlement and sick pay under a new self-employed worker contract.The new contract will offer all of DPD’s delivery drivers the choice of being directly employed by DPD or to work with the organisation on a self-employed ...

  • Pension
    Article

    The Pensions Regulator launches consultation on master trust authorisation

    2018-03-27T10:59:18Z

    The Pensions Regulator (TPR) has launched a consultation on the proposed authorisation process for master trust pension schemes.The consultation, which will run until 8 May 2018, seeks feedback on the draft code of practice that is to be implemented for master trust schemes from 1 October 2018. The code of ...

  • Pension jar, coins
    Article

    FCA publishes changes to pension transfer advice

    2018-03-27T09:17:09Z

    The Financial Conduct Authority (FCA) has published new rules on pension transfer advice requiring that individuals’ specific circumstances are taken into consideration.The new rules, which follow on from a consultation originally proposing the changes in June 2017, will apply for advice on transfers from safeguarded benefit schemes, for example transfers ...

  • Steve Webb workplace pension
    Article

    77% of employers view workplace pension as an important benefit

    2018-03-26T10:12:32Z

    More than three-quarters (77%) of employer respondents believe a workplace pension is an important employee benefit, according to research by Royal London.Its survey of 325 organisations, which typically employ between 10 and 250 employees, also found that 66% of respondents would be prepared to facilitate employees increasing their pension contribution ...

  • Nick Gold
    Article

    82% view workplace pension as an important benefit

    2018-03-23T09:21:48Z

    More than three-fifths (82%) of respondents cite their workplace pension scheme as an important employee benefit, according to research by Jobsite.Its survey of 500 UK employees also found that 51% of respondents value private medical insurance (PMI) as an important employee benefit, however only 23% currently receive this as part ...

  • Supplier article

    Aon DC Members Survey

    2018-03-22T08:30:03Z

    With pensions continuing to be a significant focus for employers, we're pleased to be able to reveal some of the findings from our second DC Member survey. The main topic that this survey was designed to look at was "Helping your members achieve their goals". The survey was carried out ...

  • DWP
    Article

    Government publishes white paper on defined benefit pensions

    2018-03-20T09:41:42Z

    The Department for Work and Pensions (DWP) has published a white paper on defined benefit (DB) pension schemes setting out the government’s intentions to give The Pensions Regulator (TPR) stronger powers to take action against company directors who commit reckless action in relation to a pension scheme, strengthening scheme funding ...