All Pensions articles – Page 64
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ArticleBritish Airways suspends pension transfer values for active members
British Airways (BA) has temporarily suspended the provision of transfer values to all its active British Airways Pensions members.The suspension will apply to active members of the airline's defined benefit (DB) New Airways Pension Scheme (Naps) and the Airways Pension Scheme (Aps), unless the transfer values are being requested for ...
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ArticleGovernment launches consultation on the authorisation and supervision of master trusts
The Department for Work and Pensions (DWP) has launched a consultation on the draft regulations and policies for the authorisation process and supervisory regime for master trust pension schemes.The consultation, which will run until 12 January 2018, is seeking views on proposed draft regulations that will introduce an authorisation and ...
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OpinionNigel Peaple: Employers need to support employees with pension choices
Automatic-enrolment has been extremely successful and there are now 13.5 million people who are active members of a pension scheme, according to the Office for National Statistics' (ONS) Occupational pension scheme survey, published in September 2017. This means that employers are making a substantial contribution to many workers' retirement aspirations. ...
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Article43% want flexible working as part of their benefits package
More than two-fifths (43%) of employee respondents want access to flexible working arrangements as part of their employee benefits package, according to research by Hibob.Its Part two: powerful perks: what people really want report, which surveyed 501 UK employers and 4,001 UK employees, also found that 41% of employee respondents ...
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ArticleFirst Group consolidates Local Government Pension Scheme assets to create £1bn fund
Transportation organisation First Group has consolidated its pension scheme assets across three Local Government Pension Scheme (LGPS) arrangements to create a £1 billion fund.The organisation will consolidate its pension schemes’ assets by transferring £700 million from the West Yorkshire LGPS and the South Yorkshire LGPS into the Greater Manchester Pension ...
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ArticleGovernment launches inquiry into collective defined contribution schemes
The Work and Pension Committee has launched an inquiry into the possibility of introducing collective defined contribution (DC) pension schemes to the UK pensions market.The inquiry, which is accepting written feedback from interested parties up to 8 January 2018, will investigate whether collective DC arrangements can benefit UK savers and ...
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Video
Employee Benefits Wired on demand: Member engagement
Employee Benefits Wired: Member engagement, presented in association with Nest, was broadcast live on Thursday 23 November 2017.The interactive online debate provided insights into the key issues surrounding member engagement with workplace pensions and the steps employers could take to ensure the best outcome for members.Topics that were discussed included:How ...
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OpinionNigel Shepherd: Pensions are an important consideration in divorce proceedings
We all know that divorce is sadly part of modern life. Although the overall trend recently has been a reduction since a high in 2003-2004, just over 40% of marriages still break down, according to the Office for National Statistics' (ONS) 2016 figures. But what are the financial consequences of ...
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ArticleLovewell's logic - The Autumn Budget: a welcome respite from pensions change or a missed opportunity?
For a number of years now, barely a Budget has gone by without an announcement that has resulted in further changes impacting the provision of workplace pensions.It was unsurprising, therefore, that in the lead up to the first ever Autumn Budget on Wednesday 23 November, there was much speculation about ...
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ArticleEmployers tax relief for life assurance and overseas pensions to be modernised
Autumn Budget 2107: The government has announced that tax relief for employer premiums paid into life assurance schemes or certain overseas pension schemes will be modernised.The changes, coming into effect from April 2019, will cover policies when an employee nominates an individual or registered charity to be their beneficiary.
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ArticleKeep up to date with the Autumn Budget 2017
Chancellor Philip Hammond will deliver his Autumn Budget 2017 speech at 12.30pm on Wednesday 22 November 2017.Stay tuned to the Employee Benefits website for all the latest updates on how the Autumn Budget could impact employers and staff.In the Spring Budget 2017, key announcements included: a reduction in the money ...
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AnalysisEmployee Benefits/Nest Pensions Research 2017
Click to download the Employee Benefits/Nest Pensions research 2017The Employee Benefits/Nest Pensions research 2017 was conducted in September 2017 among readers of employeebenefits.co.uk. It received 254 responses.This report is aimed at helping compensation, reward and benefits professionals understand the key issues driving current pensions strategies, as well as issues shaping ...
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ArticleEXCLUSIVE: 63% are aware of how GDPR legislation will impact pensions
Almost two-thirds (63%) of respondents are aware of how the General Data Protection Regulation (GDPR) legislation will impact workplace pensions according to research by Employee Benefits and Nest.Its Employee Benefits/Nest Pension research 2017, which surveyed 254 employer respondents in September 2017, also found that 32% of respondents are aware of ...
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Case StudiesScisys offers employees savings tools via workplace platform
Scisys, an IT and technology company headquartered in Chippenham, introduced a workplace savings platform, provided by Hargreaves Lansdown in April 2013. The wrap offers a range of savings and investment products to the Scisys pension scheme’s 235 members.The organisation has since seen 62% of members contributing more than the minimum ...
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AnalysisInfographic: Employees’ expected source of income in retirement
An infographic showing employees’ expected source of income in retirement.!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");Read more: What workplace savings schemes complement pension arrangements?Scisys offers employees savings tool via workplace platform
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AnalysisWhat workplace savings schemes complement pension arrangements?
Need to knowEmployers can offer a variety of workplace savings schemes to meet employees' different financial priorities.Arrangements can include individual savings accounts (Isas), share schemes and additional pension contributions.Employers should focus their retirement support for employees on how much they pay in to, and the growth of, their pension investments.Offering ...
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ArticleUniversities UK proposes closing USS pension scheme to future accrual
Universities UK (UUK), the representative organisation for UK universities, has proposed closing the Universities Superannuation Scheme (USS) to future accrual and moving members to a defined contribution (DC) arrangement in order to tackle the scheme's deficit and the rising cost of future pensions.The USS, which is one of the largest ...
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Supplier article
Video: The importance of pensions governance
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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Supplier article
Video: Supporting good pension scheme governance
This live panel debate took place on Wednesday 30 August 2017 in association with Nest.The panel included Debbie Lovewell-Tuck, editor at Employee Benefits, Paul Budgen, director of business development at Nest, Laura Andrikopoulos, senior DC consultant at Hymans Robertson, and Will Aitken, director at Deloitte Total Reward and Benefits.Topics discussedWhat ...
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Supplier articleImproving workers’ financial wellbeing 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 ...