All Pensions articles – Page 94
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ArticleEXCLUSIVE RESEARCH: 24% offer financial wellbeing support
Despite major reforms to how employees can access pension savings with the introduction of pension flexibilities in April 2015, many respondents are not seeking to address financial wellbeing as part of their overall employee wellbeing strategy.Just 24% of employers offer some, or all, of their employees financial wellbeing support, according ...
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Article17% are unsure about pension freedoms
Around a fifth (17%) of respondents believe that their employees are still confused about the pension freedoms, according to research by Close Brothers Asset Management.The Close Brothers Business Barometer, which surveyed 900 UK employers, also found that 21% believe their staff have a good understanding of the flexibilities and a ...
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OpinionJen Ackerman: Employers need to invest time in pensions auto-re-enrolment
For many large employers their staging date is a distant memory and auto-enrolment has become business as usual. Nevertheless, there is still more to do as the third anniversary marks the first re-enrolment cycle.The good news is employers do not have to repeat everything they did on their staging date. ...
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Case StudiesBoots prepares for pensions auto-re-enrolment
Boots, a member of Walgreens Boots Alliance, is facing its first cyclical re-enrolment in January 2016 and has identified around 2,000 staff that must be assessed and potentially automatically re-enrolled.The Alliance Healthcare and Boots Retirement Savings Plan (AHBRSP), a group personal pension scheme, was established in 2010 with Legal and ...
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ArticleEXCLUSIVE RESEARCH: 18% have clear understanding of pension reforms
EXCLUSIVE RESEARCH: Employees have mixed levels of understanding about the pension reforms, according to the Employee Benefits/Close Brothers Pensions research 2015. The reforms, which came into force in April 2015, give pension scheme members over the age of 55 greater freedom in how they can access their pension savings. Further ...
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Article53% view flexible working as key part of wellbeing
Just over half (53%) of respondents view flexible working as a key part of their overall employee wellbeing strategy, according to research by Aon.Its 2015 employee benefits and trends survey, which is based on responses from 294 reward, compensation, pensions and benefits representatives, also found that 38% of respondents do ...
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ArticleCommunication remains key in the changing pensions landscape
Almost a third (30%) of respondents to the Employee Benefits/Close Brothers Pensions research 2015 say the most frequent concern that staff have around retirement is a lack of knowledge about how much they need to contribute into their pensions in order to achieve their retirement goals.If an employee reaches their ...
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Supplier article
A funny old year
The past 12 months have been turbulent – just take a look at this chart of the FTSE 100 over the last year. There have been some points which I’m sure would have caused your clients some concern, and possibly even had them looking for an alternative investment with reduced ...
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ArticleEXCLUSIVE: 68% offer group personal pension plans
EXCLUSIVE RESEARCH: Group personal pension (GPP) plans remain the most popular primary workplace scheme, according to the Employee Benefits/Close Brothers Pensions research 2015.The research, which surveyed a total of 259 respondents in September 2015, found that while 68% of repondents offer this type of scheme as their organisation’s primary workplace ...
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Supplier article
Unlike credit card deals, a master trust is for life
The People’s Pension has announced that they will be introducing a £500 setup fee later this month for all new schemes. This move suggests that big master trusts have been subsidising the setup costs for employers out of reserves, a method which is unsustainable in the long term.We are still ...
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ArticleSame-sex spouse loses equal pension bid
The Court of Appeal has upheld a ruling against a retired employee in his bid to see his civil partner, now husband, receive the same pension pay-out in the event of his death as a spouse of the opposite sex.In the case of Walker vs Innospec and others, in which ...
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Article21% plan to release pension cash while still in work
Almost a quarter (21%) of respondents plan to release cash from their pension funds over and above their tax-free lump sum while they are still working, according to research by Portus Consulting.Its survey of 1,080 UK employees also found that 24% of over-55s plan to take cash out of their ...
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ArticleLufthansa staff strike over pensions
Employees of German airline Lufthansa are striking today (9 November) in a dispute over changes to pay and pension provision.The Executive Boards of the Lufthansa Group and Lufthansa German Airlines will also decide today on the ramifications of the present strike action by cabin crew staff that are members of ...
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ArticleAuto-enrolment increases pensions duty of care for 68%
More than two thirds (68%) of respondents feel a greater duty of care to support employees with their workplace pension following the introduction of auto-enrolment, according to research by Aegon UK.Its survey of 508 UK employers also found that 95% of respondents encounter difficulties that prevent them from delivering ...
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Supplier article
National Stress Awareness Day: Employee wellbeing is a worthwhile investment in your business
This week, on 4th November, is it National Stress Awareness Day 2015 and this year the theme is “Employee Wellbeing as a Worthwhile Investment in Your Business”. We couldn’t agree more!What’s the issue? Most employers now recognise the importance of looking after their employees’ wellbeing, and they understand that it ...
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Supplier article
Pensions: Reading the tea leaves…
Last week it was widely reported that The Chancellor, George Osborne, has signalled that there will be no announcements from him in response to the “Strengthening the Incentive to Save” consultation until the 2016 Spring Budget statement.This continued uncertainty has left commentators sifting through the tea-leaves in an effort to ...
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Supplier article
Neptune Global Income: Is Japan the best dividend market in the world?
By George Boyd-Bowman, Fund Manager at NeptuneThe Neptune Global Income Fund seeks exposure to the very best – and often overlooked – income opportunities from across the world. Unconstrained by benchmarks, the fund currently has 24 per cent invested in Japan, differentiating the high conviction portfolio from many of its ...
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Supplier article
Money worries stop employees taking sick leave
A quarter of respondents are working whilst ill due to financial concerns, according to a survey by National Accident Helpline. The research also found that 13% have been threatened with disciplinary measures as a result of taking sick leave.The investigation was conducted on 1,000 UK residents and revealed that 19% ...
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AnalysisHow to avoid the pitfalls of pensions auto-re-enrolment
If you read nothing else, read this… Employers must auto re-enrol their eligible staff in a six-month window around the anniversary of their original staging date. The government has introduced some exclusions to avoid duplication of effort regarding staff who have stepped away from the pension scheme within the last ...
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Article
£4.7bn is withdrawn under pension freedoms
Approximately £4.7 billion has been withdrawn under the pension freedoms since they were introduced in April 2015, according to research by the Association of British Insurers (ABI).The data indicates that £2.85 billion was invested in income drawdown products during the period, with an average fund of almost £65,000.The figures also ...