All Pensions articles – Page 61

  • Claire-Finn
    Article

    43% do not know how much of their monthly salary to invest into their DC pension

    2017-09-26T11:04:37Z

    Around four in 10 (43%) of defined contribution (DC) pension scheme members do not know how much of their monthly salary they should be saving into their workplace pension, according to research by BlackRock.Its survey of 509 UK DC pension scheme members aged between 30 and 69 also found that ...

  • Supplier article

    Financial education is key to long-term success of workplace pension scheme

    2017-09-25T11:18:26Z

    The long-term success of the current workplace pension regime relies on the provision of financial education and guidance to persuade individuals of the merits of saving more for their retirement.Jonathan Watts-Lay, Director, WEALTH at work, a leading provider of financial education, guidance and advice in the workplace, said: “We welcome ...

  • Pension
    Article

    The Work and Pensions Committee launches inquiry into pension freedoms

    2017-09-21T10:17:42Z

    The Work and Pensions Committee has launched an inquiry to investigate whether the pension freedom and choice reforms, introduced in 2015, are successfully operating as the policy intended.Its call for evidence, which will be open to responses until Monday 23 October 2017, has asked for feedback on whether the freedom ...

  • Jason-Austin
    Article

    Greensill Capital launches new benefits package for UK staff

    2017-09-21T10:04:31Z

    Financial services organisation Greensill Capital has launched a new package of benefits and online benefits platform for its 72 UK employees.Its online portal, Greensill Rewards, which was launched in August and is provided by Portus Consulting, provides staff with access to new employer-paid benefits, such as private medical insurance, a ...

  • Government-parliament1
    Article

    DWP consults on increasing Financial Assistance Scheme long service cap

    2017-09-19T09:46:56Z

    The Department for Work and Pensions (DWP) has launched a consultation into implementing an increased cap on Financial Assistance Scheme (FAS) payments for eligible members with long service in a single defined benefit (DB) pension scheme.The consultation, which will run between 18 September and 25 October 2017, will seek feedback ...

  • pension piggy
    Article

    37% of employers worry staff cannot afford to retire

    2017-09-18T10:32:22Z

    More than a third (37%) of respondents worry that their employees will not be able to afford to retire, according to research by Hargreaves Lansdown.Its survey of 418 employers also found that 20% of respondents do not want automatic-enrolment contribution rates to change, however, 27% want minimum contribution rates to ...

  • Bob-Scott-2017
    Article

    53% believe defined benefit pension costs have a negative impact on pay

    2017-09-15T10:11:40Z

    More than half (53%) of employer respondents that operate a defined benefit (DB) pension scheme for their staff feel that the costs associated with this are having a negative impact on pay increases, according to research by the Association of Consulting Actuaries (ACA).Its first interim report from the ACA pension ...

  • Lindsey-Rix
    Article

    17% of over-50s have access to workplace wellbeing support

    2017-09-14T09:37:45Z

    Under one-fifth (17%) of employee respondents aged 50 or over have access to workplace wellbeing initiatives or advice that could mitigate the impact of health issues on their caeers, according to research by Aviva.Its Real retirement report, which surveyed 3,327 UK adults aged 50 or over, including 1,829 adults who ...

  • Iain-McMath
    Article

    58% cite flexible working as most valued benefit

    2017-09-13T09:40:13Z

    More than half (58%) of employee respondents cite flexible-working hours as the benefit they value as the most important, according to research by Sodexo Engage.Its survey of 2,001 UK adults also found that 47% of respondents identify a high salary as the benefit they value as the most important, compared ...

  • Supplier article

    WEALTH at work online poll – pensions transfer

    2017-09-12T09:37:20Z

    Since the pension changes we have seen a rise in employees wanting to transfer their defined benefit (DB) pension scheme into defined contribution (DC) pensions.However, transferring from a DB pension scheme can mean that employees will be giving up valuable guaranteed benefits and they might find themselves worse off.Partial transfers ...

  • Supplier article

    The jury is out on Pension Advice Allowance (PAA)

    2017-09-11T14:16:58Z

    By Jonathan Watts-Lay, Director, WEALTH at workThe Pension Advice Allowance (PAA) became available this April to help individuals pay for the cost of regulated financial advice for retirement.The allowance enables individuals to withdraw £500 from their pensions, at any age and up to three times but only once in a ...

  • bus-inside
    Article

    TPR to prosecute Stotts Tours Oldham for pensions auto-enrolment failure

    2017-09-11T09:38:38Z

    The Pensions Regulator (TPR) is to prosecute bus services organisation Stotts Tours Oldham and its managing director for failing to automatically enrol 36 employees into a workplace pension.The Greater Manchester-based organisation and managing director Alan Stott have been summoned to appear at Brighton Magistrates’ Court on 4 October 2017 to ...

  • Pension Kilner Jar
    Article

    Take part in exclusive pensions research

    2017-09-11T09:32:49Z

    What are the main retirement concerns facing your employees? What retirement support does your organisation offer staff? Is your organisation aware of how the General Data Protection Regulation (GDPR) might impact workplace pensions?Tell us how your organisation approaches pension saving and helps staff prepare for retirement by taking part in ...

  • Gregg-McClymont
    Article

    The Pensions Quality Mark appoints Gregg McClymont as chair

    2017-09-11T09:17:17Z

    The Pensions Quality Mark (PQM) has appointed Gregg McClymont as chair.McClymont is head of retirement at investment organisation Aberdeen Asset Management, and he previously served as shadow minister of state for pensions between 2011 and 2015.McClymont is also deputy chair of the Financial Conduct Authority’s (FCA) working group on institutional ...

  • Parliament
    Article

    Second Finance Bill to legislate for pensions advice exemption and company car tax bands

    2017-09-08T15:00:09Z

    A second Finance Bill 2017 has been introduced into Parliament, which includes the introduction of an income tax exemption for the first £500 of employer-arranged pensions advice, company car tax bands, and the retrospective application of the money purchase annual allowance (MPAA).A number of measures were dropped from the Finance ...

  • British Airways
    Article

    British Airways to consult on closure of pension scheme to future accrual

    2017-09-08T10:56:00Z

    British Airways (BA) is to launch a consultation on the proposed closure of one of its defined benefit (DB) pension schemes to future accrual.Under the proposals, the New Airways Pensions Scheme (NAPS), which has approximately 17,000 scheme members, would be closed to future accrual. The changes aim to address the ...

  • Le Roy van Zyl
    Article

    FTSE 350 defined benefit pension deficit rises to £83bn

    2017-09-07T10:19:42Z

    The accounting deficit for defined benefit (DB) pension schemes at FTSE 350 organisation increased from £71 billion at the end of July 2017 to £83 billion at 31 August 2017, according to research by Mercer.Its Pensions risk survey, which is based on projections and analysis of FTSE 350 organisations’ financial ...

  • Ric Williams Equiniti
    Article

    EXCLUSIVE: 30% use people analytics to calculate benefits' return on investment

    2017-09-07T10:14:09Z

    EXCLUSIVE: Less than one-third (30%) of employer respondents use people analytics to calculate the cost, impact, and return on investment (ROI) of reward and benefits in their organisation, according to research by Equiniti.Its survey of 202 employers, conducted by Employee Benefits, also found that 59% of respondents cite an inability ...

  • Employee-benefits-wired-good-governance
    Article

    Watch Employee Benefits Wired: Supporting good governance on demand

    2017-09-06T10:13:00Z

    Employee Benefits Wired: Supporting good governance is now available to watch on demand. The 30-minute panel discussion can be viewed online anytime on the Employee Benefits video channel. The live panel debate took place on Wednesday 30 August 2017 in association with Nest. The panel included Debbie ...

  • 273_DHW5605
    Article

    Deloitte and Metropolitan Police to speak at Employee Benefits Live 2017

    2017-09-05T10:54:01Z

    Deloitte, Hays, and the Metropolitan Police are among the organisations that will address delegates attending Employee Benefits Live 2017 on Tuesday 10 and Wednesday 11 October.During the course of the two-day event, delegates can hear experts discuss a range of hot topics impacting the reward, benefits and compensation industry. The ...