All Pensions articles – Page 67

  • Supplier article

    How to balance bottom-up with top-down research in constructing multi-asset credit portfolios

    2017-04-07T17:49:00Z

    In this short video, Azhar Hussain, head of global high yield at Royal London Asset Management, explains how his team balance bottom-up with top-down research in constructing multi-asset credit portfolios.Watch the video in fullThe value of investments and the income from them is not guaranteed and may go down as ...

  • Le-Roy-van-Zyl
    Article

    FTSE 350 defined benefit pension deficit falls to £133bn

    2017-04-07T10:04:26Z

    The accounting deficit of defined benefit (DB) pension schemes for the UK’s largest 350 organisations fell from £137 billion at the end of February 2017 to £133 billion on 31 March 2017, according to research by Mercer.Its Pensions risk survey, which is based on projections and analysis of FTSE 350 ...

  • Whitehall-Government
    Article

    Government consults on early exit charges and pension commission regulations

    2017-04-06T11:14:53Z

    The Department for Work and Pensions (DWP) has launched a consultation on draft regulations regarding the cap on early exit charges for occupational pension schemes and restrictions on member-borne commission payments.The consultation, which will run until 31 May 2017, seeks views on the draft Occupational Pension Schemes (Charges and Governance) ...

  • Lifetime-Isa
    Analysis

    What impact will the Lifetime Isa have on UK workplace pensions?

    2017-04-05T08:35:54Z

    The launch of the Lifetime individual saving account (Lisa) presents an attractive new way for people to boost their savings for a deposit for a first home or their pension pot on retirement, but it should not be seen as an alternative to paying into a workplace pension.From April 2017, ...

  • Susan-Ball
    Opinion

    Susan Ball: What do the changes to salary sacrifice mean for employers?

    2017-04-04T08:38:20Z

    With publication of the Finance Bill, the final legislation around changes to salary sacrifice is now available, and considerably more pages have been added. Given the volume of additional legislative text, coupled with the short timeframe between publication and the 6 April 2017 effective date, employers face significant practical difficulties ...

  • Article

    p10: Pensions

    2017-04-03T15:36:56Z

    More than three-quarters (84%) of respondents allow staff to contribute to their defined contribution (DC) pension through a salary sacrifice arrangement, according to the Employee Benefits/Staffcare Benefits research 2017. This is 10 percentage points higher than in 2016, when 74% of respondents enabled employees to contribute to their workplace pension ...

  • Holiday-Extras
    Case Studies

    The benefits offered by Holiday Extras

    2017-04-03T13:55:39Z

    The workplace benefits on offer at Holiday Extras include:Pension:Group personal pension (GPP) plan, with 3% employee contribution. Employer contributes 3% for the majority of staff and 11% for directors and associate directors. Employees can contribute via salary sacrifice. All employees are eligible after they have passed probation, but must opt ...

  • James-Malia
    Article

    41% want to receive childcare vouchers through salary sacrifice

    2017-03-31T11:05:15Z

    Two-fifths (41%) of respondents want to receive childcare vouchers via a salary sacrifice arrangement as part of their employee benefits package, according to research by Sodexo Benefits and Rewards Services.Its survey of 1,000 employees also found that 51% of respondents want to contribute to their workplace pension through a salary ...

  • 1_HMRC
    Article

    The tax and legislation changes impacting reward from April 2017

    2017-03-31T08:59:23Z

    Chancellor Philip Hammond used both the Autumn Statement 2016 and the Spring Budget 2017 to confirm a number of measures that will affect the pay and benefits landscape. Below is a round up of these measures, along with other tax and legislation changes coming into effect from April 2017:National minimum ...

  • April-cover-image
    Analysis

    How will the gig economy affect employee benefits?

    2017-03-29T11:40:25Z

    Need to know:Gig workers are revolutionising the service economy. However, employers must tread carefully when offering them benefits or risk legal action and costly reclassification exercises.Arm’s-length benefits arrangements are evolving, where employers act as facilitators, rather than directly contributing financially.The government is currently investigating how the law treats gig workers, ...

  • Colin-Williams
    Article

    9% pay their bonus into their workplace pension

    2017-03-29T10:10:19Z

    Less than one in 10 (9%) respondents opt to pay at least part of their bonus into their workplace pension, according to research by Aviva.Its survey of 2,012 UK adults also found that 24% of respondents are aware of the tax advantages of paying their bonus into their workplace pension ...

  • Firefighters
    Article

    Firefighters to appeal Employment Tribunal’s decision on pensions age discrimination

    2017-03-23T12:06:07Z

    The Fire Brigades Union (FBU) has registered to appeal an Employment Tribunal decision which ruled that a government move to justify changes to firefighters' pension arrangements was not age discriminatory.More than 6,000 firefighters have brought age discrimination claims following the introduction of the 2015 Firefighters’ Pension Scheme (FPS). On 1 ...

  • Steve-Watson
    Article

    33% report an increase in staff pension fund performance complaints

    2017-03-23T09:19:47Z

    A third (33%) of employer respondents report an increase in complaints from employees about their pension fund performance in the last two years, according to research by Portus Consulting.Its survey of 103 UK-based HR professionals and 1,043 UK employees, also found that 35% of employer respondents are concerned about possible ...

  • Philip-Hammond
    Article

    How will the Spring Budget 2017 impact pay and benefits?

    2017-03-21T15:25:52Z

    Chancellor Philip Hammond (pictured) delivered his first and last Spring Budget speech to the House of Commons on Wednesday 8 March 2017. Below is a summary of the key announcements that could impact employers’ pay and benefits strategies:The government’s tax-free childcare policy will be rolled out to parents with children ...

  • Judges-iStock-519619601
    Article

    Tribunal rules judges were subject to age discrimination in pensions case

    2017-03-21T12:38:00Z

    In January 2017, the London Central Employment Tribunal ruled that the Ministry of Justice and Lord Chancellor had discriminated against judges with regards to changes to the judicial pension scheme.Following the closure of the judicial pension scheme in March 2015, serving judges were transferred to a new judicial pension scheme, ...

  • Peter-Cheese
    Article

    63% of gig economy workers believe government should regulate to enable access to benefits

    2017-03-17T12:01:16Z

    Almost two thirds (63%) of respondents who work in the gig economy think the government should regulate the gig economy to guarantee them basic employment rights and benefits such as holiday pay, according to research by the Chartered Institute of Personnel and Development (CIPD).Its To gig or not to gig: ...

  • Mike-Blake-430
    Article

    12% rank health cash plans as their most valued benefit

    2017-03-17T10:54:11Z

    Just over one in 10 (12%) respondents rank health cash plans as their most valued employee benefit, according to research by Willis Towers Watson.Its 2017 Willis Towers Watson employee benefits and wellbeing index, which surveyed 1,123 UK full and part-time employees aged between 18 and 64 years old, also found ...

  • pensions_note_430
    Article

    Pensions dashboard working group to help set minimum data standards

    2017-03-16T12:18:41Z

    The Pensions Administration Standards Association (PASA) has created its Pensions Dashboard Working Group, which will help to set the minimum data standards for the pensions dashboard.The Pensions Dashboard Working Group will work with The Pensions Regulator (TPR) to set minimum data standards for the pensions dashboard, ensuring that these standards ...

  • Nationwide
    Case Studies

    Nationwide introduces higher minimum pension contribution level to improve retirement outcomes

    2017-03-13T14:55:58Z

    Nationwide Building Society updated its defined contribution (DC) group personal pension (GPP) plan to default 12,000 scheme members on to a higher contribution rate, to ensure staff access the maximum employer contribution and to help improve retirement outcomes.Following a benchmarking exercise in 2014, Nationwide found that the majority of its ...

  • Tim-Gosling
    Opinion

    Tim Gosling: Higher contribution rates will bring savers closer to retirement targets

    2017-03-13T14:53:34Z

    With the 2017 review of automatic-enrolment approaching, the Pensions and Lifetime Savings Association (PLSA) spent 2016 researching adequacy in pension saving. Together with Hymans Robertson, we used data on pension wealth and other savings to build a picture of what retirement incomes could be for the population of Britain, assuming ...