All Pensions articles – Page 68
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Article58% cite flexible working as most valued benefit
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 ...
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Supplier article
WEALTH at work online poll – pensions transfer
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 ...
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Supplier article
The jury is out on Pension Advice Allowance (PAA)
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 ...
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ArticleTPR to prosecute Stotts Tours Oldham for pensions auto-enrolment failure
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 ...
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ArticleTake part in exclusive pensions research
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 ...
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ArticleThe Pensions Quality Mark appoints Gregg McClymont as chair
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 ...
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ArticleSecond Finance Bill to legislate for pensions advice exemption and company car tax bands
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 ...
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ArticleBritish Airways to consult on closure of pension scheme to future accrual
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 ...
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ArticleFTSE 350 defined benefit pension deficit rises to £83bn
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 ...
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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 ...