All Pensions articles – Page 91
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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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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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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 ...
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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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Supplier article
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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Supplier article
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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Supplier article
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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Supplier article
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 ...