All Pensions articles – Page 95
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Supplier article
Johnson Fleming is a finalist in UK Pensions Awards 2016
Johnson Fleming has been announced as a finalist in the Employee Benefits Consultancy of the Year category.The Employee Benefits Consultancy of the Year is a new category for the 2016 UK Pensions Awards, due to the increasing role that consultancy is contributing to this area.Johnson Fleming was established in 2002, ...
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Supplier article
What will it take for India to become an absolute winner?
By Kunal Desai, Manager of Neptune India FundKunal Desai recently celebrated his third anniversary as manager of the Neptune India Fund. Kunal has built a strong track record of outperformance since he assumed responsibility for the Fund, delivering a return of 30.3 per cent ompared to the MSCI India Index ...
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Supplier article
Why payroll software may not be the answer for auto-enrolment
Many believe that their payroll software will manage their auto-enrolment requirements either directly or via their accountant.Most payroll software can deliver this but it needs to be established correctly in the first place and there is increasing evidence derived from audits we have conducted that this does not happen.The types ...
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ArticleGain insight into the future of master trusts at Employee Benefits Connect
Delegates who attend Employee Benefits Connect 2016 will have the opportunity to gain insight into the future of master trusts in defined contribution (DC) pension provision in a conference session hosted by Willis Towers Watson.During the session, Fiona Matthews managing director of Life Sight at Willis Towers Watson and Richard ...
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Article55% take an active interest in their pension savings
More than half (55%) of respondents take an active and regular interest in their pension savings, according to research by chartered accountant and business adviser Price Bailey.Its Workplace pensions: the members’ perspective report, which surveyed 2,017 pension scheme members, also found that 42% of respondents do not know whether they ...
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Video
Ways to see your pension and benefits as a profit centre for your business
The six-minute video above covers: What is meant by profit centre versus cost centre employers?What do profit centre employers typically care about?What areas should profit centre employers focus on?How can providers help profit centre employers with workforce management?What are the key features of a great default investment?To watch the same ...
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AnalysisTelent futureproofs its default investment strategy
Futureproofing its default investment strategy against potential legislative change was a key objective for technology services firm Telent. However, when it introduced its current arrangement in 2013, it could not have predicted just how radical the pension reforms that took effect from April 2015 would be. And while built-in flexibility ...
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AnalysisAssessing the limitations of the pensions allowance changes
On 6 April 2016 changes to both the annual and lifetime pensions allowance limits will come into effect. From this date, the annual allowance will be gradually reduced from £40,000 to £10,000 for those earning between £150,000 and £210,000 a year, while the lifetime allowance will reduce from £1.25 million ...
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Article70% are against changing the current pensions tax relief system
More than two-thirds (70%) of employer respondents do not think that the current pension tax relief system should change, according to research by Hargreaves Lansdown.Its survey of employers also found that 41% of respondents are considering new reward strategies for their highest earners.The research also found:76% of respondents believe that ...
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Supplier article
Will an ageing workforce change the face of the employee benefits package?
The combination of changing retirement legislation and a lack of employee pension savings means employers are being faced with the inevitability of an ageing workforce. David Piltz, Head of Trustee Services, shares his views on how this might impact employee benefits packages.Until October 2011, an employer could compulsorily retire employees ...
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ArticleHigh Court rules in pensions transfer case
The High Court has ruled against Royal London in a pensions transfer case, overturning the Pensions Ombudsman’s earlier determination in favour of the mutual life and pensions provider.In the case of Donna-Marie Hughes vs The Royal London Mutual Insurance Society, Hughes requested to transfer her benefits from her personal pension ...
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AnalysisInfographic: What is the maximum that can be paid tax-efficiently into a pension?
An infographic demonstrating the maximum that can be paid tax-efficiently into a pension in light of the annual allowance.Read more about how the changes to lifetime and annual allowances will affect higher earners.
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AnalysisHow will the changes to the lifetime and annual allowances affect higher earners?
Need to know:The lifetime allowance for pension contributions will be reduced from £1.25 million to £1 million from 6 April 2016.From April 2016, those earning between £150,000 and £210,000 a year will face a tapered annual allowance for tax relief from £40,000 to £10,000.Communication can be used to ensure that ...
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OpinionTim Middleton: Striking the right balance with pension communications
The new tax year sees yet another adjustment to the rules governing tax relief for registered pension schemes. As the current regime celebrates its tenth anniversary, one of its principal objectives, a simplification of the tax rules, now seems a cruel and ironic joke. There will now be no fewer ...
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Supplier article
The EU referendum and employee benefits
Unless you have been closed off from the media for the entire weekend, you will now be aware that a national referendum on the UK’s continued membership of the European Union is scheduled for the 23 June 2016. Most people would agree that this date has the potential to be ...
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Supplier article
UK Google searches for ‘pensions freedoms’ up by 913% during 2015, says Jelf Employee Benefits
Jelf Employee Benefits has identified that UK Google searches for the term ‘pensions freedoms’ (and three other variants with and without plurals) have increased by 913% during 2015. The employee benefits consultancy believes that pensions freedoms have really struck a chord with the UK public and certainly helped raise awareness ...
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ArticleHSBC reduces executives' pensions payments to 30% of base salary
HSBC has reduced the amount of cash executive directors receive in lieu of pensions from 50% to 30% of base salary.The change to executive directors' remuneration policy came into effect from January 2016. The change follows concerns raised by investors.The lower pensions payments for executive directors also reduces their fixed ...
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Article92% falling behind on retirement savings targets
The majority (92%) of respondents are falling behind on their retirement savings targets, according to research by Aegon UK.Its UK readiness report, which surveyed 4,000 UK adults, also found that 22% of respondents are unaware of how many pension pots they have.The research also found:More than a third (37%) of ...
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Video
The April 2015 pension changes – almost one year on
The six-minute video above covers:How much has actually changed almost one year on from the April 2015 pension reforms?Have employers adapted to the changes?What are the key things that employees need to know?What do employers need to do to prepare employees for retirement?To watch the same tutorial in smaller segments, ...
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ArticleJust 3% help staff understand the changes to lifetime and annual allowance limits
Just 3% of employer respondents are helping their employees to understand the changes to lifetime and annual allowance limits that come into effect in April 2016, according to research by Close Brothers Asset Management.The Close Brothers business barometer, which surveyed 917 employers, also found that 14% of respondents offer retirement ...