All Pensions articles – Page 58
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ArticleTPR to review value for small and micro defined contribution pension schemes
The Pensions Regulator (TPR) has launched a thematic review into whether trustees of small and micro defined contribution (DC) pension schemes are properly assessing value for members.The review, which will analyse chair statements from a cross section of 100 small and micro DC schemes run by either a lay trustee ...
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AnalysisHow can employers create greater employee engagement with pensions?
Need to knowRather than focus on pensions, employers can teach concepts such as regular savings and stock market investment as part of broader financial education.An audience can be segmented by factors such as age, life stage, bonus and size of pension fund to make communications personal.Employers should ditch the jargon ...
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Article24% of divorced women are unable to save into a pension
Under a quarter (24%) of respondents who are divorced women are unable to save into a pension, compared with 12% of divorced men who are not able to save in their pension pot, according to research by Scottish Widows.Its Women and retirement report, which surveyed 5,314 UK adults in April ...
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Article23% of millennials do not know how much their employer pays into their workplace pension
Under a quarter (23%) of respondents aged between 18 and 34 with a workplace pension do not know how much their employer is paying into their occupational pension, according to research by Aegon.Its survey of 685 adults, including 380 employees who have a workplace pension, also found that 58% of ...
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ArticleGovernment consults on draft regulations for bulk DC pension transfers without member consent
The Department for Work and Pensions (DWP) has launched a consultation on draft regulations to simplify procedures around the bulk transfer of defined contribution (DC) pension arrangements without member consent.The consultation, which was launched on 26 October 2017 and will run until 30 November 2017, seeks views on the draft ...
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OpinionWill Sandbrook: How can we improve workers’ financial wellbeing today through to retirement?
Over half of employers say that poor financial wellbeing has had a detrimental impact on their workers’ performance, according to The DNA of financial wellbeing report, published by Neyber in May 2017. It is therefore unsurprising that this is an issue on many employers’ minds.Auto-enrolment has certainly helped the UK ...
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ArticleGovernment consults on draft regulations for the publication of pension costs and charges
The Department for Work and Pensions (DWP) has launched a consultation on proposed policies and draft regulations that would require occupational pension schemes that offer money purchase benefits to publish transaction costs and charges information.The consultation, which launched on 26 October 2017 and will run until 7 December 2017, seeks ...
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Supplier articlePodcast: The gender pensions gap
Taking insights from our recent UK Employee Benefits Watch research, we’ve launched the industry’s first and only podcast series. Our experts discuss how to manage a market-leading benefits programme. Are you aware that the pension savings gap between men and women in the UK currently ...
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AnalysisHow are changing ways of working impacting pensions saving?
Need to know:Employers need to be aware how flexible ways of working, such as sabbaticals, job-shares and part-time working, can impact an employee's pension pot.Employers can encourage retirement savings in the modern workplace through measures such as auto-escalation, bonus sacrifice schemes and the Save More Tomorrow programme.Financial education can be ...
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AnalysisInfographic: What is stopping people paying more into pensions?
An infographic looking at the main reasons that are preventing people paying more into pensions.!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");
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OpinionTim Middleton: How should pensions communications be adapted for part-time and job-share employees?
Over the past decade, there has been a marked increase in the number of people working part-time. The need for flexibility in the workforce has seen many people take on more than one job and large employers can no longer assume that the majority of their employees are full-time. This ...
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ArticleSavers access £14.2bn through pension freedoms
Retirement savers have accessed approximately £14.2 billion through the pension freedoms since the pension reforms were introduced in April 2015, according to data from HM Revenue and Customs (HMRC).Its Flexible payments from pensions: October 2017 report also found that the number of individuals who have received flexible payments from their ...
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ArticleEXCLUSIVE: Hays holds pensions roadshows for 3,500 UK employees
EXCLUSIVE: Recruitment organisation Hays is holding a series of pensions-themed roadshows for its 3,500 employees across 17 of its UK sites.The pensions roadshows, which are running for two weeks from Monday 16 October 2017, form part of the organisation’s overall financial capability and wellbeing strategy. Financial wellness and money is ...
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ArticleHeineken awarded for pensions communication
Pub, cider and beer organisation Heineken has been awarded the Pension Quality Mark's {PQM) Distinction Award for its approach to pension communication.The accolade, which was announced at the Pension and Lifetime Savings Association’s (PLSA) annual conference in Manchester, praised Heineken for providing information to its employees using friendly and easy-to-understand ...
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AnalysisWhat do recent court rulings mean for workplace pension schemes?
Need to know:Employers need to review their pension scheme membership and rewrite scheme rules to ensure any same-sex spousal pension benefits owed have been delivered.The ruling in the O'Brien v Ministry of Justice case could have a wide financial impact on pension benefits for part-time employees.Divorce and pension rulings also ...
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AnalysisWhat employers need to know about pension scams
An increase in pension scams led to the government announcing a ban on all cold calling in pensions in August 2017. There are several key facts that can help employers protect their employees from scammers:The Pensions Regulator (TPR) offers resources to alert employees including a video and booklet, and also ...
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OpinionAnne-Marie Winton: Auto-enrolment compliance under the spotlight
The latest workplace pensions scheme figures indicate that, as of July 2017, more than eight million workers are enrolled by approximately 650,000 employers. With an additional 50,000 schemes on the horizon, it would be easy to think that the automatic-enrolment regime is now fully bedded down and compliance, including for ...
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Article75% have not received employer-provided financial education
Three-quarters (75%) of employee respondents have not received financial education from their employer to help them understand what savings choices exist and what is best for them, according to research by Close Brothers and the Pension and Lifetime Savings Association (PLSA).Its The lifetime savings challenge report 2017, which surveyed 1,000 ...
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Supplier article
India Q&A: a market with momentum?
Kunal Desai, Head of Indian Equities, Neptune India is in the midst of a significant transformation, with Prime Minister Narendra Modi undertaking an ambitious reform agenda. But what is the current state of the market and what makes India an attractive investment story today?Read the article hereFor investment professionals only ...
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ArticlePearson completes £1.2bn pensions buy-in
Education and learning organisation Pearson has completed two pension buy-in transactions totalling £1.2 billion.The organisation has purchased pension buy-in policies with both Aviva and Legal and General for The Pearson Pension Plan. These transactions, amounting to £600 million per plan and covering around 2,400 members each, will cover approximately two-thirds ...