All Pensions articles – Page 76
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ArticleFTSE 350 pension deficit falls to £152bn
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 ...
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Case StudiesThe benefits offered by Misys
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 ...
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Case StudiesMisys places focus on employee engagement and wellbeing
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 ...
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Article21% are concerned about the performance of their workplace pension scheme
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 ...
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Supplier article
Retirement conversations: Yes, no or maybe?
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 ...
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ArticleCurrent government consultations could impact employee benefits strategies
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 ...
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Article65% expect their employer to provide guidance on benefits
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 ...
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Supplier article
Three reasons why the Indian bull market can continue
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 ...
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ArticleGovernment orders review of employment practices in changing world of work
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 ...
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Supplier article
Frexit & contagion risk in Europe
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 ...
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ArticleDefined benefit pension deficit falls to £690bn
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 ...
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Video
Ken Lawrie - What challenges do employers face when communicating pensions?
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 ...
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ArticleConfessions of a benefits manager: Candid grapples with a potential acquisition
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 ...
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ArticleLaw firm BLM to introduce online retirement planning tool for staff
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 ...
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ArticleEXCLUSIVE: Easyjet to discuss communications for a mobile workforce at Employee Benefits Live
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 ...
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ArticleBMW consults on closure of final salary pension schemes to future accrual
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 ...
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ArticleEXCLUSIVE: Ben Group launches pensions engagement platform for staff
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 ...
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ArticleBenchmark your organisation's pensions strategy
How is your organisation engaging employees with pension saving? What impact have legislative changes had on your organisation's pensions strategy?This week is your final chance to take part in the exclusive Employee Benefits/Close Brothers Pensions research 2016, which is designed to help you benchmark your organisation’s pensions strategy.This is your ...
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Supplier article
Treasury pensions dashboard prototype has limitations
The Treasury has recently announced its plans to build a pensions dashboard prototype that will let savers see all their pension pots in one place by March 2017.Jonathan Watts-Lay, director, Wealth at Work, says: “Anything that helps people to understand what pension savings they have is a good thing. However, ...
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OpinionGeorgina Beechinor: Key pensions considerations for employers in the wake of the Brexit vote
Pension schemes have been grappling with volatile markets in the run-up to and in the wake of the vote for Brexit. As the dust settles, we examine some of the wider issues for employers.Employers with schemes based on members’ final salary, also known as defined benefit (DB) schemes, need to ...