All Pensions articles – Page 78
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Case StudiesThe benefits offered by Norton Rose Fulbright
The workplace benefits on offer at Norton Rose Fulbright include:PensionGroup personal pension for all employees, with a 1% employer and 1% employee contribution.The employer offers matching contributions up to a 5% employee contribution.The organisation auto-enrolled in 2013, and auto-re-enrolled in November 2016.Group riskGroup income protection, employer paid.Life assurance, employer paid.Healthcare ...
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ArticleDefined benefit pension funding deficit increased by £90bn in 2016
The funding deficit for defined benefit (DB) pension schemes increased by £90 billion over the course of 2016 to reach £560 billion in December 2016, according to research by PricewaterhouseCoopers (PWC).Its Skyval index, which is based on data gathered via the Skyval platform used by pension funds, also found that ...
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ArticleRoyal Mail consults on closure of defined benefit pension scheme to future accrual
Royal Mail has launched a consultation on the proposed closure of its defined benefit (DB) pension scheme to future accrual.The consultation, which launched yesterday (Thursday 5 January 2017), will run until 10 March 2017. It will involve approximately 90,000 members of the organisation’s DB pension scheme.The consultation with members forms ...
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ArticleFTSE 350 defined benefit pension deficit reaches £137bn
The accounting deficit of defined benefit (DB) pension schemes for the UK’s largest 350 organisations increased from £39 billion at the end of 2015 to £137 billion at the end of December 2016, according to research by Mercer.Its Pensions risk survey, which is based on analysis and projections of FTSE ...
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ArticleHow the Autumn Statement 2016 will affect pay and benefits
Chancellor Philip Hammond delivered his first, and with the scheduled changes to the fiscal event timetable, also his last, Autumn Statement on Wednesday 23 November 2016. Below is a summary of the key announcements impacting employers’ pay and benefits strategies:The range of benefits that attract tax and employer national insurance ...
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ArticleJanet Cooper and Steve Webb recognised in New Year Honours List
Janet Cooper, Charles Counsell, and Steve Webb are among those in the employee benefits and pensions industry to be recognised in the New Year Honours List 2017.Janet Cooper (pictured), partner at law firm Tapestry, was appointed an Officer of the Most Excellent Order of the British Empire (OBE) for services ...
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Supplier article
Top tips for employees retiring in 2017
Those who are approaching retirement and have a defined contribution (DC) pension, now have a lot of decisions to make thanks to the pension changes that came into force in April 2015.WEALTH at work has created its ‘Top tips for those planning to retire in 2017’.Understand the options – The ...
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Supplier article
The global view of central bank policies
Capital Market Notes, December 2016David Lafferty, Chief Market Strategist, and Dave Goodsell from Natixis Global Asset Management’s Durable Portfolio Construction Research Centre, assess how institutional investors view central bank policies from across the globe.Read the full article here:
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ArticleEXCLUSIVE: 37% offer a contract-based defined contribution scheme as their primary pension plan
EXCLUSIVE: More than a third (37%) of employer respondents offer a contract-based defined contribution (DC) pension as their organisation’s primary scheme, 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 85% of respondents which offer a ...
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ArticleEXCLUSIVE: 47% feel more staff want and need at-retirement guidance post-pension freedoms
EXCLUSIVE: Almost half (47%) of employer respondents say the pension freedoms have led to more employees wanting or needing guidance around pension decisions at retirement, 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 36% of ...
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ArticleSlaughter and May revamps pay and benefits package
Law firm Slaughter and May is revamping its pay and benefits package for its 1,139 employees, including a pay increase for associates, the introduction of paid sabbaticals, an on-site doctor, and the opportunity to work from home one day a week.The changes to the firm's compensation and benefits offering are ...
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Article24% check the pension contributions on offer before accepting a new job
Less than a quarter (24%) of respondents check what pension contributions are on offer by a prospective employer before accepting a new job, according to research by Fidelity International.Its survey of 1,230 UK employees also found that 21% of respondents do not check any benefits except for base salary before ...
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ArticleEXCLUSIVE: 45% see the reduced annual and lifetime allowance limits impact 1-5% of staff
EXCLUSIVE: April 2016’s reductions to the annual and lifetime pensions allowances impacted between 1% and 5% of staff in just under half (45%) of employer respondents’ organisations, 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 ...
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OpinionRob Yuille: The Pensions Dashboard gives digital makeover to retirement savings
The long-term savings industry has been arguably slow to embrace the digital revolution. As a long-term product with low levels of engagement, while progress has been made, the savings industry has not fully embraced the possibilities of digital technology.The Pensions Dashboard, the widely discussed current technological development in pensions, is ...
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ArticleEXCLUSIVE: 68% offer at-retirement support to help staff make informed decisions
EXCLUSIVE: More than two-thirds (68%) of employer respondents that offer at-retirement support to staff do so because they want to support staff in making informed decisions, 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 ...
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Supplier article
The future of active management is now
Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management's shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, ...
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Supplier article
What the huge rebound in sterling means for the UK's inflation outlook
The world’s strongest currency in November was not the US dollar, despite the greenback rallying 3.5% against the euro, 8.7% against the Japanese yen and over 8.6% versus the Mexican peso and the Turkish lira up to yesterday’s close.The strongest currency last month was sterling, which had strengthened 2.2% versus ...
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ArticleGovernment freezes auto-enrolment trigger at £10,000 a year
The government has frozen the workplace pensions auto-enrolment trigger at £10,000 a year.The earnings trigger for employees to be automatically enrolled into a workplace pension arrangement will be frozen at £10,000 a year for the 2017-18 tax year, meaning that employees who earn this amount or more will automatically be ...
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ArticleEXCLUSIVE: 35% believe Brexit will impact pensions
EXCLUSIVE: More than a third (35%) of employer respondents believe that Brexit will impact pensions, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, found that while 14% of respondents do not believe that the outcome of the June ...
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ArticleTata Steel to consult on closure of defined benefit pension scheme to future accrual
Tata Steel UK is to consult on the closure of the British Steel pension scheme (BSPS) to future accrual.Under the proposals, the organisation's defined benefit (DB) pension scheme would be closed to future accrual and replaced with a defined contribution (DC) arrangement.The new DC pension scheme would have a maximum ...