All Pensions articles – Page 74
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ArticleEXCLUSIVE: 33% do not plan to offer a workplace lifetime Isa
EXCLUSIVE: A third (33%) of employer respondents do not plan to introduce the lifetime individual savings account (Lisa) as a workplace savings tool, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, found that just 7% plan to offer ...
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Article52% would contribute more than 5% of their salary into their workplace pension
Just over half (52%) of employee respondents who are currently saving into a workplace pension would be willing to contribute more than 5% of their salary themselves, according to research by Aviva.Its research, which is based on surveys of 2,000 UK adults who currently pay into a workplace pension, 277 ...
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ArticleOffering pensions education and guidance provides benefits for employers and staff
Investing in pensions education and guidance provides benefits for employers and employeesOver the past few years, the pace of change in the pensions industry has posed a number of challenges for employers. Not only has it required organisations to review and adapt their pensions provision, they have often had to ...
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Supporting employees with retirement planning
It’s unsurprising that employees like the freedom and choice in pensions – but that doesn’t necessarily mean they understand the implications of these new found freedoms. Whether paying too much tax, or falling for a scam, employers and trustees are realising they need to provide support.It’s important for companies to ...
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The return of inflation
Alex Ralph, manager of the Artemis High Income Fund, sees further pressure on government bonds as inflationary pressures build on both sides of the Atlantic.
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Diversified cashflows are key
Dividends are under pressure in some areas: but reliable yields can still be found. So says Adrian Frost, manager of the Artemis Income Fund, in conversation with Lawrence Gosling.
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Time to stop the salami slicing on tax relief
Steve Webb - Director of Policy and External CommunicationsAs the Autumn Statement approaches, Steve Webb calls for the Government to stop tinkering with tax relief.Twice a year, in the run-up to the Spring Budget and the Autumn Statement, we face a torrent of speculation as to what changes the Chancellor ...
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Parental leave and pensions
Fiona Hanrahan - Senior Product Insight and Technical Support AnalystWe are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these.How does parental leave impact the funding of workplace pension schemes?A member of ...
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Auto enrolment – so far so good?
Jamie Clark – Business Development ManagerThe recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report.Auto enrolment in numbersSources: Pensions Policy Institute, The Future ...
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Article32% of financial services organisations do not offer extra flexibility around pension allowance changes
Around a third (32%) of London-based financial services organisation respondents are not providing additional flexibility for employees who may be affected by the changes to the annual and lifetime pensions allowances, according to research by Punter Southall Aspire.Its Taxing times for high earners report, which surveyed 50 London-based financial services ...
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ArticleEXCLUSIVE: 36% are using auto-re-enrolment to introduce wider pensions communications
EXCLUSIVE: More than a third (36%) of employer respondents are using pensions auto-re-enrolment as an opportunity to introduce wider communications around pensions and pension savings, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, also found that a fifth ...
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ArticleReview to examine the impact of new working models on employment practices
Prime minister Theresa May has commissioned an independent review into the impact of new working models on employee rights and employment regulatory frameworks, exploring issues around areas such as pensions and pay.The review, which will be led by Matthew Taylor (pictured), chief executive at the Royal Society for the Encouragement ...
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OpinionSean Nesbitt: Uber by numbers – what next for worker status?
The Uber judgment is only the end of the beginning for the gig economy and the debate on worker status. You would need an algorithm to track the implications. Here are some:3-4: Months for an appeal to get to the Employment Appeals Tribunal. A speedy hearing is possible, but up ...
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Article52% believe the lifetime Isa will discourage younger staff from pension saving
More than half (52%) of employer respondents believe the lifetime individual savings account (Lisa) is likely to discourage younger employees from saving into a workplace pension, according to research by the Association of Consulting Actuaries (ACA).Its 2016 smaller firms pension survey, which surveyed 455 organisations with less than 250 employees, ...
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Four reasons why it’s time to develop a retirement and pension strategy
David Dodd, head of pensions at Thomsons Online BenefitsSociety is changing, we’re all living longer than ever, but this is leaving employers and employees with a retirement challenge. A recent report from the ONS suggests that by 2039, the number of people eligible for the state pension in the UK ...
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ArticleEXCLUSIVE: 56% cite uncertainty around how best to access pension benefits as a retirement concern
EXCLUSIVE: More than half (56%) of employer respondents believe uncertainty about how to make the best decisions when accessing pension benefits is an area of concern for employees, according to research by Employee Benefits and Close Brothers.While this continues to top the list of retirement concerns affecting respondents’ workforces, it ...
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ArticleThe Pensions Regulator begins enforcement action over BHS pension scheme
The Pensions Regulator (TPR) has formally commenced enforcement action against parties it believes to be liable to support the British Home Stores (BHS) pension scheme.TPR has sent warning notices to Sir Philip Green, Taveta Investments, Dominic Chappell, and Retail Acquisitions. These notices comprise arguments and evidence as to why TPR ...
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ArticleFTSE 350 defined benefit pension deficit falls to £149bn
The accounting deficit of defined benefit (DB) pension schemes for the UK’s largest 350 listed organisations fell from £152 billion at the end of September 2016 to £149 billion on 31 October 2016, according to research by Mercer.Its Pension risk survey, which is based on analysis and projections of FTSE ...
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Case StudiesThe benefits on offer at Goodman Masson
The workplace benefits on offer at Goodman Masson include:PensionStakeholder pension with a 1% employer and 1% employee contribution.Goodman Masson went through auto-enrolment in 2014.Group riskGroup income protection, employer-paid for some employees.Critical illness insurance, employer-paid for some employees.Healthcare and wellbeingPrivate medical insurance, voluntary basis, employee-paid.Eyecare vouchers, employer-paid for all employees.Personal accident ...
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Common investment scams of recent years
In the month after pension freedom was introduced in April 2015, the City of London Police revealed pension scam losses had more than trebled to £4.5m from £1.4m. With everyone aged 55 and over now able to take their full pension as cash, there were always going to be some ...