All Pensions articles – Page 83
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Supplier article
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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Supplier article
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, ...
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WEALTH at work poll reveals lack of employee understanding around retirement income needs
According to a recent poll* by WEALTH at work, only 18 per cent of respondents believe their employees know how much they should be saving into their pension to get a good retirement income.Jonathan Watts-Lay, director, WEALTH at work, a leading provider of financial education in the workplace, comments: “It ...
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Auto-enrolment: escalating penalty notices quadruple
The number of escalating penalty notices issued by The Pensions Regulator (TPR) quadrupled in the first quarter of 2016, with fines ranging from £50 to £500 a day.Employers who fail to heed 28-day warning notices risk a fine that increases each day. TPR says more than 95 per cent of ...
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ArticleAegon to acquire BlackRock’s defined contribution platform
Retirement and workplace savings organisation Aegon has entered into an agreement to acquire BlackRock’s UK defined contribution (DC) platform and administration business.The transaction will see Aegon acquire around 350,000 customers and £12bn of assets, bringing its workplace savings business to approximately £30bn worth of assets under management.Paul Bucksey, head of ...
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China: growth defence or another debt-fuelled boom?
By Douglas Turnbull, Head of Chinese Equities at NeptuneFollowing recent stimulus efforts from Beijing, Neptune’s Douglas Turnbull examines how the government’s long-term reform agenda can be balanced with supporting growth and addressing structural challenges, and the investment opportunities arising from this.Click here to read moreImportant information: Investment RisksNeptune funds may ...
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AnalysisBack to basics on pensions auto-escalation
Need to knowAuto-escalation is a design built into a pension scheme that automatically increases contributions on a set date at regular intervals, for example, April each year.While it is similar to the Save More Tomorrow concept in the US, auto-escalation has not yet taken off to any great extent in ...
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AnalysisBuyer’s guide to contract-based defined contribution pension schemes
What are contract-based defined contribution (DC) pension schemes?Defined contribution (DC) schemes are pensions that build a monetary pot for the employee. They are referred to as contract-based because the employee has a contractual agreement with the pension provider.What are the origins of contract-based DC pension schemes?DC schemes were introduced in ...
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Rousseff impeachment: what would it mean for Latin America?
Thomas Smith, manager of the Neptune Latin America FundLatin American equities have performed strongly so far in 2016, returning 27 per cent in sterling terms. Much of this move has been driven by newsflow from Brazil, with markets reacting positively to the government voting to impeach President Dilma Rousseff and ...
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Time for a new approach to asset allocation
Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs.Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds ...
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ArticleBHS pension scheme and liabilities under scrutiny from regulator and parliamentary committee
The Work and Pensions Committee is to investigate the Pension Protection Fund (PPF) and the potential impact of the BHS pension liabilities upon this.British Home Stores (BHS) filed for administration on 25 April.The retailer entered a company voluntary arrangement (CVA) in March 2016, and has since been under assessment for ...
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Article60% do not measure success of pensions communication campaigns
Less than two-thirds (60%) of pension decision-maker respondents do not measure the success of pensions communication campaigns, according to research by Capita Employee Benefits.Its Pension scheme insight report 2016, which surveyed 110 pension decision-makers, also found that more than half (56%) of respondents do not believe that pension scheme members ...
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AnalysisEmpowering everyone to save for retirement
Need to know:The introduction of the new state pension could have implications for what support employers offer and how they communicate this.Although auto-enrolment and the new state pension go some way to reducing inequality in pension provision, there is still much more to be done.Employer matching and auto-escalation could encourage ...
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Supplier article
Re-enrolment and the new marketplace
Most of the headlines written around Auto-Enrolment (AE) are rightly focused on the legions of smaller employers who are yet to comply with this new pension legislation. Such stories are of course necessary, yet they perhaps gloss over the needs and requirements of those employers that have already successfully navigated ...
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Supplier article
Can the LISA and pension sit comfortably together?
As announced in the Budget, the new LISA will be available from April 2017 for individuals under age 40. Contributions will be topped-up by the government by 25% with an annual savings limit of £4,000.It can be used for buying a first home (up to a value of £450k) at ...
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Supplier article
Automatic enrolment and master trusts among top 10 priorities for TPR
The Pensions Regulator (TPR) has revealed its top ten priorities until 2019 in its corporate plan. These include protecting consumers from poorly run master trusts and ensuring micro employers comply with auto-enrolment.TPR’s top 10 priorities until 2019 Successfully implement automatic enrolmentProtect consumers from poorly run government master trustsEffectively regulate defined ...
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ArticleSwindon Town Football Club fined for auto-enrolment non-compliance
The Pensions Regulator has fined Swindon Town Football Company (STFC) for not fulfilling its pensions auto-enrolment duties.The football club’s fines totalled £22,900 for failing to place eligible employees into a pension scheme and for non-compliance with other workplace pension responsibilities.STFC received a compliance notice in August 2014 directing it to ...
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ArticleTata Steel employees accept temporary 3% pay cut
UK employees at Tata Steel’s Long Products Europe business have agreed to a temporary reduction in pay to facilitate the sale of the business to Greybull Capital.Members of trade unions Community, GMB and Unite accepted the changes to pay and conditions following a consultative ballot.The 12-month agreement includes a 3% ...
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Article40% rank health insurance in their top three employee benefits
Four in ten (40%) respondents rank health insurance among their top three most-valued employee benefits, compared to 37% in 2015, according to research by Willis PMI Group, part of Willis Towers Watson.Its survey of 1,197 UK employees also found that 32% place health screenings among their top three benefits, which ...