All Pensions articles – Page 60
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Article47% believe pension freedoms have increased employee engagement
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 ...
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Pension transfers under the spotlight
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 ...
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ArticleDPD to give delivery drivers paid leave, pension and sick pay in new worker contract
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 ...
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ArticleThe Pensions Regulator launches consultation on master trust authorisation
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 ...
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ArticleFCA publishes changes to pension transfer advice
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 ...
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Article77% of employers view workplace pension as an important benefit
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 ...
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Article82% view workplace pension as an important benefit
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 ...
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Aon DC Members Survey
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 ...
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ArticleGovernment publishes white paper on defined benefit pensions
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 ...
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ArticleUnited Utilities employees strike in dispute over pensions
Employees at water service organisation United Utilities who are members of Prospect, Unison and Unite trade unions are undertaking two days of strike action in a dispute over pensions.Approximately 1,500 employees will take part in the industrial action, which is taking place today (Friday 16 March 2018) and on Monday ...
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Double whammy of lack of retirement savings and low support at-retirement
WEALTH at work, a leading provider of financial education, guidance and advice in the workplace recently conducted a survey amongst employers. It investigated what workplace support is available to help employees understand how to make the most of their finances throughout their career in order to optimise income at-retirement. It ...
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Case StudiesThe benefits offered by Kier Group
The workplace benefits offered by Kier GroupPension and financial benefitsA defined contribution (DC) master trust open to all employees, with matching contributions up to 7.5%.Sharesave and share incentive plan (Sip) open to all employees.Financial education.Healthcare and wellbeingPrivate medical insurance dependent on grade.Eyecare: employees can claim back the cost of an ...
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Case StudiesKier Group develops reward and benefits in line with business growth
Having gone through a period of considerable change in the last five years, construction, property and services organisation, Kier Group aims to be as flexible as possible with its reward and benefits offering.The organisation has developed from regionalised construction businesses to a national business, which has included the acquisition of ...
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Five tips to help employees put a retirement plan together
Many employees struggle to put a retirement plan together as they often think that retirement is too far away. But the value of well thought out planning from early on should not be underestimated and more should be done to help employees with this.Jonathan Watts-Lay, Director, WEALTH at work, a ...
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Article50% will use workplace pension for retirement income
Half (50%) of respondents who are approaching retirement in the next 10 years plan to use their workplace pension for their retirement income, according to research by Age Partnership.Its Is the UK retirement ready? report, which surveyed 2,000 UK adults who are either retired, approaching retirement in the next 10 ...
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Protecting defined benefit members from the pension vultures
WEALTH at work, a leading provider of financial education, guidance and advice in the workplace is calling for more to be done to protect defined benefit members from the risks around pension transfers.In 2017 defined benefit (DB) pensions hit the headlines and failures involving BHS, British Steel and Carillion brought ...
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ArticleJohn Lewis Partnership to give 5% bonus to staff
The John Lewis Partnership is to pay 85,500 employees across John Lewis and Waitrose a bonus worth 5% of their salary, totalling £74 million.The bonuses have been awarded after the organisation announced its profit before tax, bonuses and exceptional payments of £289.2 million in the year ending 27 January 2018. ...
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ArticleCrest Healthcare pleads guilty to auto-enrolment non-compliance
Crest Healthcare and its managing director, Sheila Aluko, have pleaded guilty to not complying with auto-enrolment duties and to providing false information to The Pensions Regulator (TPR) about a workplace pension scheme.The healthcare organisation and Aluko each pleaded guilty to one charge of knowingly or recklessly providing false or misleading ...
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Supplier article
Workplace Pensions Report 2017
Distributed recently with The Times, the Workplace Pensions Report examines the ways in which changing regulation has and will influence the pensions landscape highlighting some of the decisions facing employers and members. Download a free copy of the publication in which Aon encourages businesses to take a fresh look at ...
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Article12% regret not being more engaged with their pension savings
More than one in 10 (12%) of respondents regret not being more engaged with their pension savings, wishing they had either joined their workplace pension scheme or moved out of their pension scheme’s default fund, according to research by Aegon.Its survey of 824 adults also found that 14% of retired ...