All Pensions articles – Page 96
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How employees could avoid losing their pension to scams and fraudsters
The Pensions Advisory Service (TPAS) has recently launched a new campaign warning people about the threat of pension scams. In light of this, WEALTH at work, a leading provider of financial education in the workplace, supported by guidance and advice, shares their top tips on how employees could avoid losing ...
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Article69% make employer pension contributions of 6% or less
More than two-thirds (69%) of respondents offer a contribution of 6% or less of earnings to their employees' pension savings, according to research by Punter Southall Aspire.Its survey of 106 employers also found that 81% of respondents contribute less than 10% of earnings to their employees' retirement savings.The research also ...
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An unbelievable investment opportunity!
Incredible returns and amazing growth in alternative investments. Who wouldn’t want that for their pension benefits? But all is not as rosy as it may seem, explains Gary Crockford, Head of Knowledge and ResearchCape Verde is a country comprising a number of islands some 500km off the West Coast of ...
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ArticleScottish Power introduces retirement savings portal
Scottish Power has introduced an online portal to help its employees meet their retirement saving goals.The portal, provided by Hymans Robertson, enables the 2,500 members of Scottish Power's defined contribution (DC) pension scheme to set a retirement income target and helps them to make informed decisions to meet that target.Around ...
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ArticleWinners of the Corporate Adviser Awards 2016 announced
Employee Benefits’ sister publication, Corporate Adviser, announced the winners of its annual awards last night (11 February) at the Lancaster London, hosted by comedian Danny Wallace (pictured).Aon was named firm of the year at the ceremony, as well as being awarded for Best use of technology by a corporate adviser.The ...
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Tapering of annual allowance – adjusted and threshold incomes
By Jim Grant, Senior Product Insight & Technical Support AnalystThe definitions of adjusted income and threshold income used to determine whether, and to what extent, someone’s annual allowance will be reduced can be confusing. Here we try to make sense of it all.The annual allowance will be reduced for high ...
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Do your employees know how much income they will need in retirement?
It is very important for employees to save towards retirement and of course many are not saving enough. However, some may not need as much as they think according to WEALTH at work, a leading provider of financial education, guidance and advice in the workplace.For some individuals once they retire, ...
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Top 10 tips for retirement planning
Employees who are approaching retirement and have a defined contribution (DC) pension now have a lot of decisions to make thanks to the pension changes.They have to decide whether they want an annuity, drawdown, to take a cash withdrawal or a combination of options; when they want to take their ...
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Pension tax allowances breakfast seminar
The pension tax allowances are changing (again). Nobody wants to be stung with an unexpected tax bill or fine. But if you don’t know an employee’s total income, what can you do to help prevent it?Due to exceptional demand for this hot topic we have added an additional date to ...
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UK Mid Cap: navigating market volatility
By Mark Martin, Head of UK Equities at Neptune Investment ManagementRecent UK GDP figures indicated that the economy is in good health, with a 0.5% rise in GDP in the final quarter of 2015. Whilst the GDP growth rate fell from 2.9% in 2014 to 2.2% in 2015 as a ...
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ArticleUS court proceeds with FedEx pension case
In January 2016, a US District Court Judge 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.In the case of Stacey Schuett v. FedEx Corporation et. al., the plaintiff, Stacey Schuett, was in a relationship ...
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ArticleCompliance news at a glance: January 2016
High Court rules peripatetic staff are eligible for auto-enrolmentThe High Court has ruled that peripatetic workers are eligible to be auto-enrolled into a workplace pension scheme, after Fleet Maritime Services (FMSB) challenged the Pension Regulator’s (TPR) approach and guidance on peripatetic workers. bit.ly/1OTzx1tUS court rules on back-pay case for unpaid ...
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Case StudiesKnight Harwood embraces auto-escalation
Construction firm Knight Harwood’s group personal pension scheme started with a contribution basis of 3% and 3% and introduced the concept of auto-escalation, through what it calls the Pension Increase Pledge (Pip). This gives members the option to commit to increase their pension savings by 1% each year for a ...
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Why employees should be wary of robo advice
While the pension changes are good news, without financial education and advice employees are vulnerable, not just to the headline grabbing scams, but to paying unnecessary tax, using the wrong assets for income in retirement, and ultimately not making the right decisions.The Pensions and Lifetime Savings Association research of over-55s ...
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Seeking quality in uncertain markets
By Ewan McAlpine, Senior Client Portfolio ManagerIn uncertain times, investors naturally seek safety. But in fixed income markets, what does that really mean? Ewan McAlpine outlines the approach RLAM’s Fixed Income Team will be adopting across its credit funds in response to potentially volatile markets this year.Click here for full ...
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Employees unable to make the most of Pension Freedom because of their employers
The vast majority of employers have not reviewed their pension offering in light of Pension Freedom; they struggle with how to manage the implications; and do not believe their employees understand the new flexibilities: reveals research from Jelf Employee Benefits.Pension Freedom, in force since April 2015, allows new permissions related ...
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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 compared to the MSCI India Index ...
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Article39% say financial struggles affect their performance at work
More than a third (39%) of respondents say their financial struggles prevent them from performing at their best at work, according to research by Willis Towers Watson.Its 2015 global benefits attitudes study, which surveyed 29,629 employees in 19 countries, including 1,895 in the UK, also found that almost three-quarters (71%) ...
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Pensions Management Institute partners with WEALTH at work to tackle lack of financial education in the workplace
The Pensions Management Institute (PMI) has announced its new partnership with WEALTH at work, a leading provider of financial education in the workplace, supported by guidance and advice. As PMI’s new Expert Partner, WEALTH at work will provide expert commentary to help PMI members to understand the issues and trends ...
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Article31% say reduction in tax relief causes higher earners to leave workplace pension schemes
Around a third (31%) of employer respondents say the reduction in pensions tax relief and complexities of the workplace pensions regime have caused employees on higher incomes to leave their pension schemes, according to research by the Association of Consulting Actuaries (ACA).The research, which surveyed 477 employers responsible for more ...