All Pensions articles – Page 61
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ArticleEXCLUSIVE: 30% use people analytics to calculate benefits' return on investment
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 ...
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ArticleWatch Employee Benefits Wired: Supporting good governance on demand
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 ...
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ArticleDeloitte and Metropolitan Police to speak at Employee Benefits Live 2017
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 ...
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ArticleDefined benefit pension funding deficit rises to £460bn
The funding deficit for defined benefit (DB) pension schemes in the UK was £460 billion at the end of August 2017, according to research by PricewaterhouseCoopers (PWC).Its Skyval index, which is based on data relating to 5,800 DB pension funds and collected through the Skyval pensions platform used by trustees, ...
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OpinionIan McKenna: Advanced tools can help employees get more value out of their pension
Over the next 18 months employers that only started providing workplace pensions when this became a legal requirement under auto-enrolment will see the cost of their contributions triple. From April 2018, the current 1% employer contribution doubles to 2, and then increases to 3% 12 months later. Also, employees will ...
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VideoEmployee Benefits Wired: Supporting good governance
Employee Benefits Wired: Supporting good governance will take place at 11am on 30 August 2017, in association with Nest.Key themes to be covered during this discussion include:What is good governance?Why is good governance important?How can you be sure a master trust is delivering good governance?What does good governance 2.0 look ...
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ArticleOver 90% say pensions dashboard could help them save for retirement
Nine out of 10 parents believe that an online service showing all of their pensions savings would help them to save more for their retirement, according to research by Mumsnet, the parents network, on behalf of the Association of British Insurers (ABI) and the Pensions Dashboard Project.The survey of 1,206 ...
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ArticleDo not miss Employee Benefits Wired: Supporting good governance
Employee Benefits Wired: Supporting good governance, presented in association with Nest, will be broadcast live at 11am on Wednesday 30 August 2017.The expert panel discussion can be viewed for free on the Employee Benefits video channel.The online debate will provide insights on the key issues surrounding good pensions governance and ...
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ArticleCanada Life to acquire Retirement Advantage
The Canada Life Group (UK) has reached an agreement to acquire financial services provider Retirement Advantage.Retirement Advantage was formed in 2015 from the merger of the retirement income and equity release divisions of MGM Advantage and Stonehaven. The organisation has more than £2 billion of assets under management, including £1.5 ...
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ArticleEXCLUSIVE: Nationwide to discuss pensions engagement at Employee Benefits Live
EXCLUSIVE: Ian Baines (pictured), head of pensions at Nationwide Building Society, is to discuss how employers can encourage and support staff to save more for their retirement at Employee Benefits Live 2017.The session, titled ‘Boosting retirement prospects for employees’, will form part of the workplace pensions conference stream on Tuesday ...
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Video
Why governance matters
This five-minute video, presented by Camilla Egginton, director of product and solutions at Nest, covers the following areas:Why is governance important?What does good governance look like?How can an employer review the governance standards of a workplace pension provider?How does an employer know what is value for money?To watch the same ...
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ArticleTPR to prosecute Dominic Chappell for withholding documents during BHS investigation
The Pensions Regulator (TPR) is to prosecute Dominic Chappell, the former director and majority shareholder at Retail Acquisitions, for failing to provide requested information and documents to aid the investigation into the sale of BHS.TPR is to prosecute Chappell for failing to comply with three notices that were issued under ...
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ArticleCourt of Appeal rules against ITV in pensions anti-avoidance case
The Court of Appeal has refused an appeal by television broadcasting organisation ITV, which sought to challenge additional evidence submitted by The Pensions Regulator (TPR) in a long-running pensions anti-avoidance case.The Court of Appeal has agreed with an Upper Tribunal decision in 2016 to allow TPR to submit new evidence ...
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ArticleJarrold and Sons completes £19m pensions buy-in
Retail organisation Jarrold and Sons has completed a £19 million pensions buy-in transaction.The transaction has secured pension payments for over 500 scheme members, as well as reduced pensions longevity risks for the organisation’s pension scheme, which is provided by Aviva.Western Pension Solutions advised Jarrold and Sons on all aspects of ...
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ArticleSSE hedges £1.2bn of longevity risk for two defined benefit pension schemes
Energy organisation SSE has hedged pension longevity risks of £1.2 billion across two of its defined benefit (DB) pension schemes through the completion on one longevity insurance and two buy-in transactions.The two buy-in transactions, conducted with Pension Insurance Corporation (PIC), totalled £350 million. This included a buy-in for SSE’s Scottish ...
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OpinionChris Curry: The changing face of retirement in the UK
The process of retirement in the UK has changed. It used to be a relatively simple process. As soon as you reached state pension age, your employer would thank you for your service, tell you that you were free to go and you would stop working and settle down to ...
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Case StudiesSovereign sees pension contributions rise after education sessions for contact centre staff
Housing association Sovereign has seen its employer pension contributions, which are provided on a matching basis to reflect employees’ contributions, increase by £3,500 each month after introducing a new pensions education initiative for its 130 customer contact centre staff.The pensions education programme, provided by Better with Money in March and ...
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AnalysisHow is pensions education changing?
Need to know:Pensions education should explore how all of an employee’s savings options can be optimised to allow for the greatest retirement income over the longest timeframe.The shift from defined benefit (DB) to defined contribution (DC) schemes, as well as the introduction of the pension freedoms in 2015, has changed ...
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ArticleTata Steel gains initial approval for pension scheme restructure
Tata Steel UK and trustees of the British Steel pension scheme (BSPS) have agreed a restructuring deal, which has been granted initial approval by The Pensions Regulator (TPR).Under the agreement, Tata Steel UK will pay £550 million to the British Steel pension scheme (BSPS) to meet conditions of a regulated ...
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ArticleThe Pensions Regulator names schemes that fail to meet basic auto-enrolment duties
The Pensions Regulator (TPR) has published the names of workplace pension schemes whose trustees have been fined for not providing legally required documentation.Fines were issued to pension trustees for failure to submit scheme returns after receiving a warning from TPR, and for failure to prepare a chair's statement.Pension schemes that ...