All Pensions articles – Page 75

  • pensions_note_430
    Article

    Financial Conduct Authority consults on transaction cost disclosure for workplace pensions

    2016-10-07T10:10:06Z

    The Financial Conduct Authority (FCA) has launched a consultation around proposals for standardising the procedure for disclosing transaction costs in workplace pension schemes.Its proposed guidance suggests that asset managers should be subject to the same transaction cost reporting structures as independent governance committees (IGCs) and trustees, ensuring a consistency of ...

  • Supplier article

    10 things employees should consider before leaving defined benefit pension schemes

    2016-10-06T11:45:36Z

    In the past, the majority of pension savers were members of a defined benefit (DB) pension scheme also known as final salary schemes. Poor working and living conditions meant that retirement tended to only be for a few years, and certainly not the 20, 30 and even 40 years that ...

  • Supplier article

    Forthcoming changes to the Pension Protection Fund (PPF)

    2016-10-06T11:28:45Z

    By David Piltz, EMEA Consulting and Market LeaderAutumn is a season of change and the Pension Protection Fund is certainly embracing that sentiment.The Pension Protection Fund (PPF) has, in recent years, received a number of comments on the level of compensation (and comparative fairness from one member to another) that ...

  • Pension pot
    Article

    FTSE 350 pension deficit falls to £152bn

    2016-10-06T10:21:33Z

    The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed organisations fell from £160bn in August 2016 to £152bn in September 2016, according to research by Mercer.Its Pensions risk survey, which is based on analysis and projections of FTSE 350 organisations’ financial statements adjusted from ...

  • misys-2-2016
    Case Studies

    The benefits offered by Misys

    2016-10-05T14:09:48Z

    The workplace benefits offered by Misys include:PensionA group personal pension open to all employees. Misys offers a matching contribution scheme if the employee contributes up to 6%, 8% or 10%, depending on job level.Group riskGroup income protection: employer-paid, the default level is 75%, and employees can flex up or down.Critical ...

  • misys-1-2016
    Case Studies

    Misys places focus on employee engagement and wellbeing

    2016-10-05T13:48:33Z

    Having been through a number of acquisitions and a benefits harmonisation project in recent years, financial services software provider Misys is now primarily focused on the health, wellbeing and engagement of its employees.For Anne Teggart, global head of benefits, a major part of the harmonisation was to review the company’s ...

  • Folders with the label Retirement Plan and Pension
    Article

    21% are concerned about the performance of their workplace pension scheme

    2016-10-05T10:37:56Z

    More than a fifth (21%) of respondents are concerned about how their workplace pension scheme has performed over the past two years, according to research by employee benefits organisation Portus Consulting.Its survey of 1,043 UK employees also found that 27% of respondents would welcome guidance on retirement planning from their ...

  • Supplier article

    Retirement conversations: Yes, no or maybe?

    2016-10-04T11:44:27Z

    The past few years have seen a significant alteration in the UK retirement landscape. There are many factors behind this change, but the two biggest influences are probably:The abolition of the Default Retirement Age (DRA)The introduction of Pension 'Freedoms'The first of the above changes effectively gave older employees much more ...

  • London - Big ben and houses of parliament, UK
    Article

    Current government consultations could impact employee benefits strategies

    2016-10-04T11:10:08Z

    A round-up of current government consultations with a bearing on employee benefits:Tax-efficient benefitsHM Revenue and Customs has launched a consultation to examine the potential impact on employers and employees should the government change the way the benefits code applies when a benefit in kind (BIK) is provided in conjunction with ...

  • alex-tullet
    Article

    65% expect their employer to provide guidance on benefits

    2016-10-04T10:51:49Z

    Almost two-thirds (65%) of respondents expect their employer to provide guidance on the employee benefits available to them and how appropriate each benefit is for them and their family, according to research by Capita Employee Benefits.Its Employee insight report 2016-17, which surveyed 3,006 UK employees, also found that 69% of ...

  • Supplier article

    Three reasons why the Indian bull market can continue

    2016-10-03T13:37:07Z

    Indian equities have officially re-entered a bull market, with the benchmark index climbing to a 11-month high. But this is just the start, argues Neptune head of Indian Equities Kunal Desai.Read more:Important informationInvestment risksNeptune funds may have a high historic volatility rating and past performance is not a guide for ...

  • Matthew Taylor RSA
    Article

    Government orders review of employment practices in changing world of work

    2016-10-03T10:17:11Z

    Prime minister Theresa May has ordered an independent review into the impact of new work models on employment practices, such as pay and pensions.The review will examine how changes in the labour market and economy are affecting employers and employees, and how flexibility can be maintained while supporting employee rights ...

  • Supplier article

    Frexit & contagion risk in Europe

    2016-09-30T15:38:42Z

    Many commentators have suggested that the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Neptune’s Rob Burnett discusses the likelihood of this happening.Read more:Important informationInvestment risksNeptune funds may have a high historic volatility rating and past performance is not a guide for ...

  • raj-mody1
    Article

    Defined benefit pension deficit falls to £690bn

    2016-09-30T11:04:01Z

    The deficit for UK defined benefit (DB) pension funds fell by £20 billion in September 2016, according to research by PricewaterhouseCoopers (PWC).Its Skyval index, which is based on the Skyval platform used by individual pension funds, found that the funding deficit was £690 billion in September 2016, compared to a ...

  • Video

    Ken Lawrie - What challenges do employers face when communicating pensions?

    2016-09-30T10:34:41Z

    Ken Lawrie, head of reward at Easyjet, talks about:What challenges face employers in communicating their group pension schemes?What could the pensions industry (providers, regulators etc) do to help support employers with their task?How have you approached the task?What challenges have you faced and how have you overcome them?What’s the secret ...

  • Confessions
    Article

    Confessions of a benefits manager: Candid grapples with a potential acquisition

    2016-09-29T12:57:44Z

    We’re buying a company. I can’t imagine why; it is not even in the same industry group and we couldn’t share any clients, so what is the sense in that? The Higher Beings move in mysterious ways sometimes. I bet I’ll be working on providing data for selling it again ...

  • louise mccarthy-teague
    Article

    Law firm BLM to introduce online retirement planning tool for staff

    2016-09-29T10:26:16Z

    Law firm BLM is to introduce an online retirement planning tool for its 1,700 employees.The tool, provided by Portus, enables staff to calculate their retirement income and see how this could change in different scenarios, helping employees to plan for their retirement.The launch follows a review of BLM’s benefits package ...

  • ken-lawrie
    Article

    EXCLUSIVE: Easyjet to discuss communications for a mobile workforce at Employee Benefits Live

    2016-09-29T09:26:46Z

    EXCLUSIVE: Easyjet will discuss communication strategies for organisations with a mobile or dispersed employee base at Employee Benefits Live 2016.Ken Lawrie (pictured), head of reward at Easyjet, will present the session entitled ‘Communication strategies for a mobile/dispersed workforce’, which will open the communications conference stream on Tuesday 11 October.Lawrie will ...

  • bmw
    Article

    BMW consults on closure of final salary pension schemes to future accrual

    2016-09-28T11:09:08Z

    Car manufacturer BMW is to consult on the closure of its two final salary pension schemes to future accrual.BMW is looking to make the changes to the defined benefit (DB) schemes, which have around 5,000 active members, from 1 June 2017. The organisation will encourage staff to join its defined ...

  • Pension piggies
    Article

    EXCLUSIVE: Ben Group launches pensions engagement platform for staff

    2016-09-28T08:37:35Z

    EXCLUSIVE: TV and film advertising organisation Brand of Entertainment Network Group (Ben Group) has launched a new pensions engagement platform for staff.The online investment strategy platform, provided by Wealth Wizards and launched in September 2016, gives Ben Group's 32 employees access to online tools to enable them to better plan ...