All Pensions articles – Page 91
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OpinionSusie Logan: Are you focusing on the right things?
2015 was a year of great change. There is no doubt about it, the new pension freedoms have given people unprecedented flexibility when it comes to deciding what to do with their retirement savings.As we look forward to 2016, we need to make sure we offer our employees the right ...
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AnalysisFive predictions for employee benefits in 2016
Need to know:April 2015’s pension freedoms have formed a gap in the market for bespoke pensions.Increasing pressure to publish pay data may lead to more employers doing so voluntarily.Technology and staff-driven benefits are likely to increase in popularity.Through 2016 and beyond, employee benefits will evolve as staff wants and needs ...
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Analysis
How to ensure default investment strategies result in good member outcomes
With the majority of defined contribution (DC) pension scheme members using their scheme’s default investment solution, ensuring this is fit for purpose is vital for employers. There are several key issues that they must address to ensure their scheme’s default investment strategy results in good member outcomes. How have April ...
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ArticleFTSE 350 defined benefit pension asset values fall by £6bn
The defined benefit (DB) pension asset values of FTSE 350 organisations fell by £6bn between 30 November 2015 and 31 December 2015 from £646bn to £640bn, according to a study from Mercer.Its Pensions risk survey also found that liability values in the FTSE 350 were £704bn in December 2015 compared ...
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ArticleJudge rules on motions in FedEx same-sex spouse pension case
A US District Court Judge has allowed a pension benefits claim brought by the same-sex widow of a FedEx employee to proceed while dismissing two other claims by the plaintiff.The plaintiff, Stacey Schuett, was in a committed relationship with Lesly Taboada-Hall for 27 years. They married in a civil ceremony ...
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Supplier article
Confusion, fines and a messy future in store for pensions
During 2016 employers will feel the effect of the many changes that have been happening in the pensions industry. Steve Herbert, head of benefits strategy for Jelf Employee Benefits, looks at some of the key areas of which UK plc needs to be aware.He says: "There are potential hazards in ...
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ArticleAlcatel-Lucent agrees £300 million pension buy-in
Global telecommunications equipment organisation Alcatel-Lucent has agreed a £300 million pensioner liabilities buy-in with Aviva for its UK defined benefit (DB) pension scheme.The transaction is part of the organisation’s long-term de-risking objective. Alcatel-Lucent’s pension scheme has liabilities of around £1 billion.The organisation's pension trustees were advised by Aon Hewitt, which ...
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Article
6: Tax and legislation: How will the Autumn Statement affect workplace benefits?
Chancellor George Osborne delivered the 2015 Autumn Statement and Spending Review on 25 November, which included announcements that will impact the future of employee benefits.PensionsThe next two phases of minimum pension contribution rate increases under auto-enrolment are to be pushed back to coincide with the tax year. The minimum contribution ...
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Supplier article
Swapping annuities for cash
The Government has announced that from April 2017 tax restrictions for pensioners wanting to sell their annuities will be removed. This means that anyone who already has, or is going to buy an annuity, will be able to sell it for cash. Great news! Or maybe not.What’s the issue?George Osborne ...
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Supplier article
The changing face of Santa (and employment)…
... as seen through the eyes of Steve Herbert our Head of Benefits Strategy at Jelf Employee BenefitsAs the old aphorism has it, you can tell you are getting old when policeman are looking younger.Well as of today I can trump that with a highly seasonal – and true – ...
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ArticleLivingbridge to acquire Broadstone
Private equity firm Livingbridge is to acquire Broadstone Corporate Benefits and Broadstone Risk and Healthcare Ltd from Oakley Capital.Broadstone provides pensions, employee benefits, actuarial and investment services advice to small and medium sized employers, pension scheme trustees and individual pension scheme members.Livingbridge aims to help Broadstone increase in scale and ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk from 10-17 December 2015 What is driving employers’ flexible benefits strategies?EDF Energy consults on opening defined benefit pension scheme to new membersCouncil employees receive two-year pay rise offerGovernment confirms secondary annuity market will not extend to workplace pensionsCapita to acquire Work Group’s ...
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ArticleGovernment to maintain auto-enrolment earnings trigger for pensions
The government is to maintain the current auto-enrolment earnings trigger for workplace pensions into 2016-2017.The trigger, which determines which employees are eligible to be automatically enrolled into a workplace pension, will remain at £10,000.The Department for Work and Pensions’ (DWP) Review of the earnings trigger and qualifying earnings band for ...
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Supplier article
2016/17 auto-enrolment thresholds
Hot off the press from the government are the proposed pension auto-enrolment triggers and band earnings for the next tax year. Such detail is of course important given that automatic enrolment is now a legal requirement for all employers (or at least will be once all have passed their staging ...
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ArticleGovernment confirms secondary annuity market will not extend to workplace pensions
The government has confirmed that the secondary annuity market will not extend to defined benefit (DB) workplace pension schemes.From 6 April 2017, the government will remove tax restrictions for individuals looking to sell their annuity. This will enable those with an existing annuity, as well as anyone who purchases an ...
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Article20% save more into pension as a result of pension freedoms
A fifth (20%) of respondents are saving more into their pension as a direct result of the pension freedoms, according to research by Aegon.Its fourth annual UK readiness report, which surveyed 3985 adults, also found that just 8% of respondents are currently on track for the retirement income they aspire ...
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Supplier article
Survey results reveal employers have still not adapted to pension changes
WEALTH at work, a leading provider of financial education, guidance and advice in the workplace recently conducted a survey following the pension changes. Its aim was to understand the attitudes and opinions of a range of UK companies in recognising the need to support their employees as they approach and ...
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Supplier article
Johnson Fleming awarded gold in auto-enrolment rankings for 2015
Johnson Fleming has announced that it is among a selection of companies who have been rated top in the auto-enrolment (AE) rankings for 2015.Produced by the Finance & Technology Research Centre (F&TRC), the rankings highlight firms who have achieved a gold, silver or bronze medal for their overall proposition. Johnson ...
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Supplier article
Secondary annuity market: Advice will be required
With three official Budget statements from The Chancellor in 2015 – and pensions being a key political topic – it’s been a long year for workplace savings.But if you cast your mind back to the March Budget you may recall George Osborne announcing an extension to the Pension Freedoms project. ...
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ArticleEDF Energy consults on opening defined benefit pension scheme to new members
New employees at EDF Energy would be given access to its defined benefit (DB) pension scheme through a proposed deal negotiated with trade unions.The deal has received the backing of EDF Energy staff that are members of trade union Unison; 79% of members balloted voted on the pension proposal and ...