All Pensions articles – Page 76
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ArticlePensions Regulator to conduct employer spot checks
The Pensions Regulator (TPR) will carry out spot checks on UK employers to ensure that workplace pension duties are being met.As part of its ongoing enforcement activity, TPR will conduct inspections at organisations believed to be at risk of failing to comply with workplace pension regulations. Employers will be given ...
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ArticleWinners of the Corporate Adviser Awards 2017 announced
Photo: Simply PhotographyEmployee Benefits’ sister title, Corporate Adviser, announced the winners of its annual awards on Tuesday 28 February 2017 at Grange St Paul’s Hotel, London, hosted by Scottish comedian Alun Cochrane.Capita Employee Benefits was named Corporate Adviser firm of the year at the ceremony, and also won the best ...
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Article37% believe they will have to work past accepted retirement age
More than a third (37%) of respondents believe they will have to work past the accepted retirement age of 65, according to research by the Chartered Institute of Personnel and Development (CIPD).Its Employee outlook: employee attitudes to pay and pensions report, which surveyed 1,656 employees, also found that 49% of ...
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ArticleSir Philip Green agrees £363m settlement for BHS pension scheme
Sir Philip Green has agreed a £363 million cash settlement with The Pensions Regulator (TPR) for the British Home Stores (BHS) pension scheme.A total of £343 million will be used to fund a new independent pension scheme, and £20 million will be put towards expenses and scheme costs.The new arrangement, ...
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ArticleHow to future proof a reward strategy in light of changing pay regulations
Need to knowNew legislation on the horizon could increase pay bills in certain sectors.Changes to salary sacrifice arrangements could also impact the benefits mix.Reward professionals need to communicate with employees, the wider business and government.This year will see a raft of pay and benefits-related initiatives come into force or appear ...
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OpinionAmanda Latham: High standards of governance bring value for pension scheme members
The pensions landscape has changed dramatically in recent years and is still evolving. Automatic enrolment is bringing millions of new savers into pensions each year. By 2020, the figure is expected to be 10 million, with the vast majority of newly enrolled savers being enrolled into large defined contribution (DC) ...
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AnalysisInfographic: What information do pension scheme trustees communicate annually?
An infographic showing the proportion of the trustees of defined contribution (DC) pension schemes communicating each item annually or more often (Source: Defined contribution trust-based pension schemes research, OMB Research for The Pensions Regulator, July 2016).Read more in: What should employers expect from today's pension trustee board?
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ArticleWhat should employers expect from today’s pension trustee board?
Need to know:Trustees of defined contribution (DC) pension schemes have been placed under the spotlight, leading to a greater focus on governance.Trustees will be under more pressure from employers to ensure that the objectives of a pension scheme are being met.Auto-enrolment, and the increase in the number of savers into ...
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Article98% of FTSE 350 organisations offer defined contribution pension schemes to new staff
The majority (98%) of FTSE 350 organisations offer a defined contribution (DC) pension scheme to new employees, according to research by Willis Towers Watson.Its FTSE 350 defined contribution pension scheme survey 2017, which is based on analysis of surveys and public data relating to the pension schemes offered by 97 ...
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ArticleEXCLUSIVE: Explore how policy changes are impacting future pensions strategy at Employee Benefits Connect 2017
EXCLUSIVE: Delegates at Employee Benefits Connect 2017 will be able to explore how changes to pension legislation are impacting future benefits strategy.Robin Armer (pictured), senior development manager at Nest, will lead a session titled ‘How are changes in pension policy impacting future pension-based employee benefits strategy?’ as part of the ...
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AnalysisHow can employers support 'sandwich generation' employees with their finances?
Need to know:Generation-specific financial education can help inform employees around relevant life events.Giving employees the opportunity to contribute more of their salary into a workplace pension will have a positive impact on those that have missed out on a defined benefit pension and have been enrolled into a defined contribution ...
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Article50% do not know how much they have invested in their retirement savings
Half (50%) of respondents do not know how much they have invested in their retirement savings, according to research by Portus Consulting.Its survey of 1,043 UK employees also found that 17% of respondents have built up three or more pension funds during their working lives.The research also found:11% of respondents ...
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ArticleGovernment consults on the sustainability of private sector defined benefit pensions
The Department for Work and Pensions (DWP) has launched a consultation into the sustainability of defined benefit (DB) pension schemes in the private sector.The green paper, Security and sustainability in defined benefit pension schemes, poses consultation questions around four key areas: employer contributions and affordability; member protection; consolidation of DB ...
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ArticleEXCLUSIVE: 95% of benefits professionals belong to a workplace pension scheme
EXCLUSIVE: Almost all (95%) HR and benefits professionals belong to a pension scheme provided by their employer, according to research by Employee Benefits.This is the highest percentage of a sample to do so since we first carried out this research in 2008, up from 91% in 2014 and 89% in ...
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ArticleTata Steel employees vote to accept pensions proposal
Tata Steel UK employees who are members of the GMB, Unite and Community trade unions have voted in favour of the organisation’s latest pension proposal, which will see the closure of the British Steel pension scheme (BSPS) to future accrual.Consultative ballots on the proposal closed yesterday (Wednesday 15 February 2017), ...
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Supplier article
A guide to auction finance in 2017
Matt Tooth, Chief Commercial Officer, LendInvest Over the coming weeks, property auction houses across the country will begin sending out their catalogues to prospective buyers in time for the first auction series of 2017. It’s an exciting time for investors, well aware of the opportunities the properties on the lot ...
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Article68% of employers in south west England offer salary sacrifice pension arrangements
More than two-thirds (68%) of employer respondents in the south west of England enable staff to contribute to their workplace pension via a salary sacrifice arrangement, according to research by Benefiz.Its survey of 50 employers based in the south west of England that employ HR managers or directors, also found ...
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Article50% do not understand the role of their employer or trustee in their retirement planning
Half (50%) of respondents do not understand the role and responsibilities of their employer or trustee when it comes to planning for their retirement, according to research by LV=.Its survey of 1,004 UK adults aged 55 or over who have a defined benefit (DB) pension but have not started to ...
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ArticleCourt rules that woman can receive co-habiting partner's workplace pension
The Supreme Court has ruled that an unmarried woman is entitled to receive payments from her co-habiting partner's workplace pension scheme following his death.Denise Brewster, who brought forward the review, had been living with William Leonard McMullan for 10 years in the shared home that they bought together in 2005, ...
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Supplier article
Challenges for employers in 2017
Jonathan Watts-Lay, director at WEALTH at work, discusses the challenges for employers in 2017.Recent data from the ABI shows that in Q1 of this year, 695 people cashed out pension pots worth over £100,000 in full: meaning that they would likely end up paying huge sums in tax. The question ...