All Pensions articles – Page 93
-
Article66% expect to work past 65
Two-thirds (66%) of employees expect to have to work over the age of 65, according to a study by Portus Consulting.Its research, which is based on 1,080 responses from employees and 43 from recruitment consultants, also found that just over one in ten (11%) of employee respondents anticipate they will ...
-
ArticleEXCLUSIVE RESEARCH: 26% do not provide any pensions support to staff
Just over a quarter (26%) of respondents do not provide employees with any information, advice or guidance about pensions, according to research by The National Skills Academy for Financial Services (NSAFS) in partnership with Axa Investment Managers (Axa IM).However, the survey of 100 employers also found that 73% of respondents ...
-
Supplier article
Autumn Statement 2015: what you need to know
The Autumn Statement was a late addition to the main announcement scheduled for 25 November; the outcome of the latest five year spending review covering £4,000bn of government expenditure. Although the planned reforms received little attention when announced back in July, they represented just over half of the £9.075bn additional ...
-
Supplier article
Auto-enrolment: do you have it covered?
It’s essential that your business complies with auto-enrolment, so we’ve created some steps that you can follow to help you ensure that everything is covered.Make sure you know when your staging date is for auto-enrolment. If you are an SME with under 30 members of staff, then it is likely ...
-
Supplier article
Autumn Budget Statement – a few things caught our eye
As predicted, there was not too much of note for the world of Employee Benefits in the Autumn Statement on 25 November (which is something of a relief!) – but one point did catch our eye. The Chancellor said: “Over 5 million people have already been auto-enrolled into a pension ...
-
ArticleEXCLUSIVE RESEARCH: 56% use tools and modellers for financial education
Employee Benefits is hosting a live webinar, Employee Benefits Wired: the changing pensions landscape, at 1pm tomorrow (Tuesday 1 December). Tune in to EB TV to watch the 30-minute panel discussion live. Send your questions to the expert panel by tweeting #EBWired.EXCLUSIVE RESEARCH: Tools and modellers (56%), along with face-to-face ...
-
ArticleDo not miss Employee Benefits Wired: the changing pensions landscape
Employee Benefits Wired: the changing pensions landscape, presented in association with Close Brothers Asset Management, will be broadcast live at 1pm on Tuesday 1 December. The debate can be viewed for free on EB TV.The live panel discussion will provide insight on the key factors impacting workplace pensions, from pensions ...
-
ArticleThe Autumn Statement’s impact on employee benefits
On 25 November, chancellor George Osborne delivered the 2015 Autumn Statement and Spending Review. Below is a summary of all the key announcements impacting employee benefits:Osborne announced that the next two phases of minimum pension contribution rate increases under auto-enrolment will be pushed back to coincide with the tax year.The ...
-
Article60% of housing associations offer defined contribution pensions
Almost two-thirds (60%) of housing association respondents offer staff a defined contribution (DC) pension scheme, according to research by EMA Business and Management Consultancy.Its 2015 Total rewards survey, which is based on responses from 94 UK housing associations, found that the average contribution rates for DC schemes was 7% for ...
-
ArticleGovernment to maintain pension triple lock
Autumn Statement 2015: Chancellor George Osborne has confirmed that the government will keep the triple lock, with the basic state pension rising to £119.30 a week from April 2016.The single-tier pension rate has been set at £155.65 a week. This will be available to those reaching pensionable age from April ...
-
ArticleGovernment to remove barriers to secondary annuities market
Autumn Statement 2015: The government has confirmed that it is to remove the barriers to creating a secondary annuities market to enable individuals to sell on their existing annuity income stream.Further details on the move, which was announced in the Autumn Statement 2015, will be set out in the government’s ...
-
ArticleAuto-enrolment contribution rate rises to coincide with tax year
Autumn Statement 2015: Chancellor George Osborne (pictured) has announced that the next two phases of minimum pension contribution rate increases under auto-enrolment will be pushed back to coincide with the tax year.The minimum contribution rate for employers was scheduled to rise to 2% from October 2017 and 3% from October ...
-
ArticleThe Pensions Regulator consults on new defined contribution code
The Pensions Regulator (TPR) has published a new draft defined contribution (DC) code of practice for consultation.The new code aims to raise standards of governance and administration in defined contribution (DC) pension schemes.It sets out the standards of conduct and practice the regulator expects trustee boards to meet in complying ...
-
ArticleWiggins Teape scheme agrees pension buyout
The Wiggins Teape pension scheme, established for UK employees of paper manufacturers Wiggins Teape and Arjo Wiggins Appleton, has entered into a £400m buyout arrangement.The £400m bulk annuity transaction with Scottish Widows covers around two thirds of the pension scheme’s liabilities for the 4,000 members of the defined benefit (DB) ...
-
Article77% say it is employers’ role to support pension scheme members
Over three-quarters (77%) of respondents believe it is the role of employers to communicate with, educate and support staff who are members of their pension scheme, according to research by Aon shows.Its DC survey 2015, which is based on 330 responses from pension scheme managers, trustees and sponsors, found that ...
-
Supplier article
Pensions auto-enrolment arrests
Earlier this month we highlighted that the number of enforcement notices and fines for non-compliance with auto-enrolment duties was starting to climb rapidly. That post can be read here.If that were not enough to convince employers of the need to comply with the new pension rules then this story most ...
-
Article£80bn was saved into workplace pensions in 2014
More than £80bn was saved into workplace pensions in 2014, up almost £3bn on 2013, according to the Department of Work and Pensions (DWP).Its Automatic enrolment evaluation report 2015 found that private sector workplace pensions accounted for £43bn of this, while the public sector accounted for £37bn.The report also found:In ...
-
OpinionLouise's lowdown: Employees' financial concerns move onto the radar
October saw the debut of Workie, the star of the government's campaign to raise awareness of auto-enrolment and increase engagement with workplace pensions. Workie, "a striking physical embodiment of the workplace pension", is appearing on billboards, television screens and, most likely, a Twitter feed near you. Reactions have been mixed, ...
-
Case StudiesMartin Currie offers greater savings flexibility with new platform
Offering employees greater flexibility around how they save and broader access to the fund market were the key reasons behind investment management firm Martin Currie’s decision to introduce a workplace savings platform in 2013.Craig Gibson, head of reward, explains: “We offer all our employees membership of our self-invested personal pension ...
-
Article60% save for retirement
Just under two-thirds (60%) of respondents are saving for retirement compared to less than half (47%) two years ago, according to research by Blackrock.Its Global investor pulse survey, which is based on a sample size of 4,000 UK respondents, also found that 54% of respondents are positive about their financial ...