All Pensions articles – Page 83
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ArticleEXCLUSIVE: 76% of Oxford BioMedica staff engage with pensions online after benefits revamp
EXCLUSIVE: More than three-quarters (76%) of Oxford BioMedica employees have registered to view their pension online following a revamp of its employee benefits programme.In September 2015, the gene and cell therapy organisation, which employs more than 180 staff, expanded its pension and financial education support offering with the introduction of ...
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Johnson Fleming is a finalist at UK Pensions Awards 2016
The UK Pensions Awards shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members.This year’s awards looked at advisers and providers across 31 different categories and were rigorously judged by ...
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ArticleGovernment to legislate for increased master trust protections
The government is to introduce additional measures to protect members of master trust pension schemes through a new Pensions Bill.The Pensions Bill was unveiled in background briefing documents following the Queen’s Speech in the Houses of Parliament yesterday (18 May).Under the proposals, master trusts would be required to demonstrate that ...
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A guide to automatic re-enrolment
Since the introduction of auto-enrolment in 2012, it has been a popular topic in the press. Recent media focus has been geared towards small and micro employers; however attention is set to return to the UK’s largest businesses as they prepare for re-enrolment.Johnson Fleming has produced a useful guide that ...
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Article32% who opt out of workplace pension blame financial constraints
Around a third (32%) of employee respondents cite financial constraints as the key reason for choosing not to pay into their workplace pension, according to research by Aviva.Its Working lives report, which is based on a survey of 990 private sector employers and 4,021 private sector employees and an analysis ...
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Article40% feel let down by lack of access to financial advice
Four in ten (40%) respondents feel let down if their employer fails to support them with access to advice on their pensions and future finances, according to research by online pension advice provider Wealth Wizards.Its survey of 1,000 UK employees also found that two-thirds (67%) of respondents believe it is ...
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AnalysisFive key messages to communicate around pensions re-auto-enrolment
Need to knowPensions re-enrolment happens at an employer’s three-year staging date anniversary.Explain the change early, highlight what those employees are outside of the scheme have been missing out on but make it clear they can stay opted out, although they must actively say so.Keep messages bite-sized, accessible and relevant.Given the ...
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AnalysisWhat will the lifetime Isa mean for employers and staff?
A Lisa is a Lifetime individual savings account (Isa) and it is a new way to save from post-tax income, coming in April 2017. It is aimed at those targeting their first home purchase. It comes with an incentive, similar to a pension, where the government will give a top ...
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Analysis
8-11: Benefits on offer
Salary sacrifice arrangementsMore than three-quarters (78%) of respondents offer benefits to all staff via a salary sacrifice arrangement, according to the Employee Benefits/Xerox HR Services Benefits research 2016, which surveyed a total of 338 respondents in May 2016. This is six percentage points lower than the 84% of respondents that ...
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Things employees shouldn’t do with their pension
The pension changes have created a new era of freedom and choice for defined contribution (DC) pension savers. However with choice comes responsibility, and the real possibility of employees making some huge mistakes. WEALTH at work, a leading provider of financial education in the workplace, supported by guidance and advice, ...
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ArticleGovernment launches online pensions tracing service
The Department for Work and Pensions (DWP) has launched a new website to help people locate their pension savings.The new website from the Pension Tracing Service allows users to find information about workplace pension schemes they may have contributed to by entering former employers' details into an online database.The database ...
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ArticleCapital One and Easyjet shortlisted for best pensions communications
Capital One, Easyjet and Nationwide Building Society are among those shortlisted for the Best pensions communications award at the Employee Benefits Awards 2016.This award, sponsored by Aviva and Friends Life, recognises an organisation that has implemented a successful communication strategy that increases employees’ understanding of pensions and reinforces the need ...
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AnalysisEducating employees about potential pension scams
Need to know:A February 2016 High Court ruling has raised concerns around savers’ susceptibility to pension scams.Employers can play a role in educating staff about scams to help them avoid this risk.Signs to look out for include cold calls and pressure to make a transfer, among others.Employers shoulder a great ...
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Article38% likely to consider including lifetime Isa in remuneration package
More than a third (38%) of respondents are likely to consider introducing the new lifetime individual savings account (Isa) into their employee remuneration scheme in the future, according to research by law firm Sackers.The survey of 78 employers, trustees and advisors also found that 84% of respondents want to offer ...
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ArticleFTSE350 defined benefit pension deficit hits £92bn
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed organisations reached £92 billion at the end of April 2016, according to research by Mercer.Its Pensions risk survey, which is based on analysis of pension deficits using data from reported financial statements and year end ...
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Lifetime Isa - how it works
According to George Osborne "people like Isas – because they’re simple". Fiona Tait is not convinced… Contributions & bonusesWhat he said: "From April 2017, anyone under the age of 40 will be able to open a Lifetime Isa and save up to £4,000 each year. And for every £4 you ...
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Security selection for unpredictable markets
Despite the surprises the market always springs on investors, for the Loomis Sayles US Equity Leaders Fund, macro events are not a factor in its own decision making.
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Need real insight & risk perspectives on model portfolios?
Head of the Portfolio Research and Consulting Group, James Beaumont says his group is dedicated to providing a bespoke service and an analytical review of model portfolios.
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Case StudiesTravis Perkins unifies its benefits offering
Travis Perkins, which employs approximately 30,000 people across the UK, operates according to its five core values, known as cornerstones: upholding family values, keeping people safe, working for its customers, being the best, and making decent returns. The latter does not merely refer to financial returns, but also to the ...
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Auto-enrolment: Going up…
According to The Pensions Regulator’s (TPR) announcement yesterday, over 100,000 employers have now enrolled more than 6 million workers in UK pension schemes under auto-enrolment legislative requirements.These are indeed impressive statistics, yet it would be a mistake to assume that all employers are complying at the first time of asking, ...