All Pensions articles – Page 80
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Article65% do not feel they understand how workplace pensions are taxed
Almost two thirds (65%) of respondents do not feel they have a good understanding of how workplace pensions are taxed, according to research by PricewaterhouseCoopers (PWC).Its survey of 2,000 UK adults also found that three quarters (75%) of respondents do not understand how the lifetime individual savings account (Lisa) will ...
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Why the next Fed rate move might be down, not up, and how that’s not remotely priced in
Over the last seven years you have probably read countless articles and had endless discussions about when the Federal Reserve (Fed) is next going to hike.The chart below shows the Fed Funds rate implied by the market at the beginning of each year since 2010. The Fed did finally edge ...
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ArticleAuto-enrolment increases pension saving by £2.5bn
Pension saving has increased by £2.5 billion a year by April 2015 as a result of auto-enrolment, according to research by the Institute for Fiscal Studies (IFS).Its study, which analysed data from around 500,000 jobs between April 2011 and April 2015, also found that auto-enrolment has increased pension participation among ...
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Article58% do not know how much their employer contributes to their pension
More than half (58%) of respondents do not know how much their employer contributes to their workplace pension, according to research by Just Retirement.Its survey of 3,208 employees over the age of 21 also found that 43% of respondents would struggle to identify how much they contribute to their workplace ...
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Article65% of employees view financial wellness in the workplace as important
Almost two thirds (65%) of employee respondents cite financial wellness in the workplace as important to them, according to research by Thomsons Online Benefits.Its Future of financial wellness report, which surveyed 200 HR and reward professionals and 500 employees in the UK, also found that less than one in 10 ...
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Article53% of under 35s place flexible working in their top three benefits
More than half (53%) of respondents under the age of 35 cite flexible working as one of the top three most attractive benefits when applying for a new job, according to research by Fidelity International.Its survey of 1,230 UK employees also found that 53% of all respondents list annual leave ...
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Case StudiesScottish Power uses technology to keep employees’ retirement plans on track
Scottish Power’s UK pensions manager, Anne Harris, is keen to keep up with advances in pension technology to ensure that employees’ retirement plans are on track. She says: “Pensions are becoming more and more complicated, so employees are becoming switched off.“It’s vital that our stakeholder pension scheme members are saving ...
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ArticleEarly exit charges to be capped at 1% for existing pension schemes
Early exit charges for existing pension schemes are to be capped at 1% from 2017.The cap aims to ensure that individuals over the age of 55 who wish to take advantage of the pension freedoms are not unfairly penalised for accessing their savings early.The Department for Work and Pensions (DWP) ...
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ArticleWhat is the future for pensions technology?
Need to knowThe introduction of the pension freedoms intensified the need for online pension tools.New pensions technology will be more interactive, allowing employees to make immediate changes to their pension plan.The growth of defined contribution assets will help drive product innovation.Pensions technology was thrust into the limelight following the announcement ...
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Taking a wider view with pension transfers
Recently I had an interesting discussion with pension lawyers and professional financial Advisers about the requirements to provide advice on pension transfers, particularly around defined benefit (DB) schemes; a target area for scammers and one that carries risk due to the valuable benefits in these schemes.The first question discussed was; ...
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ArticleRolls-Royce completes £1.1bn pension buyout
Rolls-Royce has completed a £1.1 billion pension buyout for its Vickers Group pension scheme.The £1.1bn buyout transaction with Legal and General covers more than 11,000 members of the pension scheme, which is part of the Rolls-Royce Group. Rolls-Royce acquired engineering organisation Vickers in 1999.The buyout forms part of the pension ...
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ArticleJeanette Makings: The continuing importance of pensions
Pensions are not the whole story of the UK’s workplace benefits offering, but they are still a major player. Half of respondents have more than 90% of their workforce as active members of their primary pension scheme. And with 68% of organisations contributing 3% or more and 26% contributing between ...
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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 ...