All Pensions articles – Page 84
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ArticleABI consults on simplifying pensions language
The Association of British Insurers (ABI) is launching a consultation into the language used around pensions and retirement savings.Its consultation will inform the work of the Pensions Language Steering Group, which involves regulators, industry, consumer groups and the government. The group is working to develop a new guide that simplifies ...
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Money Advice Service to be absorbed into a new government service
In the Chancellor’s recent Budget announcement it was confirmed that the free and impartial Money Advice Service set up by the Government is to be abolished and replaced with a “slimmed down” version.The Pensions Advisory Service (TPAS) and Pension Wise will be restructured and the two new bodies will provide ...
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The new State Pension entitlement
As many of you will have heard via the national media, the new State Pension began on the 6th April this year.Although this pension entitlement does not directly form part of employer sponsored benefits packages, it is nevertheless a cornerstone of the financial planning that your employees will be undertaking ...
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Does volatility create opportunities?
Do macro headlines create white noise which impacts market prices? Portfolio Manager at Harris Associates, David Herro, discusses how market volatility can create opportunities to buy good business at a discount.
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ArticleLouise's lowdown: Will the Lifetime Isa encourage or distract from pension saving?
On 16 March Chancellor George Osborne delivered his Budget 2016 speech to Parliament. A storm of speculation around pensions tax relief had raged for months before beginning to subside in early March, when word spread that this Budget would not, as many had expected, herald in further radical reform to ...
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The pension changes – one year on
Jonathan Watts-Lay (JWL), Director, WEALTH at work, discusses the impact of the pension changes one year on with Tony Suckling (TS), Director, Asset.tv. Watts-Lay talks about how much has actually changed, if employers have adapted to the changes, what employers are doing to support their employees and when employees should ...
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Natixis Portfolio Clarity: UK Portfolio Barometer
What does a well-diversifed portfolio look like? What were the quarterly trends in model portfolios in Q4 2015?The Portfolio Barometer highlights trends uncovered by analysis of 210 model risk-rated portfolios managed by UK financial adviser and wealth management firms in the three months from October to December 2015. The model ...
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What's up with oil and currencies?
Do macro headlines create white noise which impacts market prices? Portfolio Manager at Harris Associates, David Herro, discusses how market volatility can create opportunities to buy good business at a discount.
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Market Overview for Investing in 2016: Global Growing Pains
Portfolio Manager David Herro of Harris Associates discusses how macro economic instability can be exploited; how volatility can create opportunities to buy into businesses at low prices.
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WEALTH at work is the first to sign up to PMI Member Guidance Qualification
The Pensions Management Institute (PMI) has unveiled its Certificate in ‘Pension Scheme Member Guidance’. It has been designed with the aim of supporting experienced and qualified staff working in client facing roles within the pensions and retirement savings industry to help them distinguish the differences between regulated advice and guidance.Holders ...
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Case StudiesSAS offers benefits to reflect lifestyle, not generation
With some 700 employees in the UK, software organisation SAS already has a five-generation workforce.Chris Carter, head of reward, says: “The multi-generational issue is really coming to life now. It is becoming more and more relevant as we talk about how we look at, design and use benefits.“SAS is quite ...
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AnalysisHow to create a benefits strategy for an 'ageless' workforce
Need to know:Workplaces are becoming increasingly multi-generational.But this does not necessarily mean employee benefits should also become increasingly segmented and generation-specific.The answer is likely to lie more in segmentation and targeting of benefits communications than employee benefits themselves.Many workplaces are becoming ever more age-diverse as the working population ages, and ...
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Article23% have seen retirement plans impacted by low interest rates
Just under a quarter (23%) of respondents expect to have to work past the age of 65 due to the impact of low interest rates on their retirement savings, according to research by Canada Life Group Insurance.Its survey of 855 full and part-time employees found that among this group, 16% ...
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Johnson Fleming forms partnership with The Health Insurance Group
Johnson Fleming has formed a strategic partnership with The Health Insurance Group (THIG) to assist its clients with auto-enrolment.The government's auto-enrolment scheme has been rolling out since 2012 and has now reached SME employers with 50 or fewer employees. This is a group that is well represented amongst THIG clients ...
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Do you remember pensions simplification?
Today is an important anniversary in the world of pensions. For 10 years ago this very day we entered the brave new world of pensions “simplification”.Many of our followers will of course be unaware of this landmark change, or indeed what it was trying to achieve. So we thought a ...
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Financial education is vital for all employees
Although changes to pension tax reliefs have been scrapped for now, there are still changes that have been made to pension legislation that can affect many employees. The changes to the Lifetime Allowance and Annual Allowance could impact employees who don’t even realise they will be affected. Many employees may ...
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Blindly purchasing retirement products can have dangerous consequences
The pension freedoms changed the face of retirement income options for members of defined contribution (DC) schemes. And one year on, there has been little innovation in the market in terms of new retirement products. However, many are expecting an influx of offers now that the market has had time ...
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OpinionMichelle Cracknell: A new approach is required to help people plan for retirement
The pension landscape has undertaken a massive rebuild in order to be sustainable in our ageing society. The topping-out ceremony was the pension freedoms introduced from April 2015. Now, we need to make the new pensions infrastructure habitable for members so they can properly plan for retirement, making informed choices ...
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Case StudiesScottish Power introduces tool to help staff understand retirement outcomes
Energy firm Scottish Power has two defined benefit pension schemes, with some 4,000 members but, since 2006, has required all new employees to join a defined contribution (DC) stakeholder pension, provided by Fidelity. This currently has around 2,500 members.In February, the organisation introduced a new tool, called Guided Outcomes, provided ...
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AnalysisHow can employers help staff maximise their options under the pension freedoms?
Need to know:Some employers have adjusted their pension schemes in response to the pension freedoms, and others are investing more time and effort in offering financial education.While some, often wealthier and more financial savvy, employees have taken advantage of the new freedoms, many others are struggling to navigate the new ...