All Pensions articles – Page 99
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk from 10-17 December 2015 What is driving employers’ flexible benefits strategies?EDF Energy consults on opening defined benefit pension scheme to new membersCouncil employees receive two-year pay rise offerGovernment confirms secondary annuity market will not extend to workplace pensionsCapita to acquire Work Group’s ...
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ArticleGovernment to maintain auto-enrolment earnings trigger for pensions
The government is to maintain the current auto-enrolment earnings trigger for workplace pensions into 2016-2017.The trigger, which determines which employees are eligible to be automatically enrolled into a workplace pension, will remain at £10,000.The Department for Work and Pensions’ (DWP) Review of the earnings trigger and qualifying earnings band for ...
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2016/17 auto-enrolment thresholds
Hot off the press from the government are the proposed pension auto-enrolment triggers and band earnings for the next tax year. Such detail is of course important given that automatic enrolment is now a legal requirement for all employers (or at least will be once all have passed their staging ...
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ArticleGovernment confirms secondary annuity market will not extend to workplace pensions
The government has confirmed that the secondary annuity market will not extend to defined benefit (DB) workplace pension schemes.From 6 April 2017, the government will remove tax restrictions for individuals looking to sell their annuity. This will enable those with an existing annuity, as well as anyone who purchases an ...
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Article20% save more into pension as a result of pension freedoms
A fifth (20%) of respondents are saving more into their pension as a direct result of the pension freedoms, according to research by Aegon.Its fourth annual UK readiness report, which surveyed 3985 adults, also found that just 8% of respondents are currently on track for the retirement income they aspire ...
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Survey results reveal employers have still not adapted to pension changes
WEALTH at work, a leading provider of financial education, guidance and advice in the workplace recently conducted a survey following the pension changes. Its aim was to understand the attitudes and opinions of a range of UK companies in recognising the need to support their employees as they approach and ...
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Johnson Fleming awarded gold in auto-enrolment rankings for 2015
Johnson Fleming has announced that it is among a selection of companies who have been rated top in the auto-enrolment (AE) rankings for 2015.Produced by the Finance & Technology Research Centre (F&TRC), the rankings highlight firms who have achieved a gold, silver or bronze medal for their overall proposition. Johnson ...
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Secondary annuity market: Advice will be required
With three official Budget statements from The Chancellor in 2015 – and pensions being a key political topic – it’s been a long year for workplace savings.But if you cast your mind back to the March Budget you may recall George Osborne announcing an extension to the Pension Freedoms project. ...
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ArticleEDF Energy consults on opening defined benefit pension scheme to new members
New employees at EDF Energy would be given access to its defined benefit (DB) pension scheme through a proposed deal negotiated with trade unions.The deal has received the backing of EDF Energy staff that are members of trade union Unison; 79% of members balloted voted on the pension proposal and ...
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Article42% believe pensions will become a less important part of benefits
Some 42% of respondents believe that pensions will form a less significant part of benefits in the future, according to research by Aon Hewitt.Its Pensions administration survey 2015, which is based on 243 responses from pension professionals, also found that just over half (53%) of respondents view their defined benefit ...
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Article10.2m were active members of a workplace pension scheme in 2014
There were 10.2 million active members in workplace pension schemes in the UK in 2014, according to research by the Office for National Statistics (ONS).Its statistical bulletin Active members of occupational pensions, 2014, also found that the number of active members in workplace pension schemes in the private sector increased ...
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ArticleJust 24% are happy with their benefits package
Less than a quarter (24%) of respondents are happy with their workplace benefits package, according to research by health and wellbeing provider Benenden.Its survey of 2,000 employees also found that 28% of respondents believe a good benefits offering increases their loyalty to their employer.The survey also found:23% of respondents say ...
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ArticleWatch Employee Benefits Wired: the changing pensions landscape on demand
Employee Benefits Wired: the changing pensions landscape, is now available to watch on demand.The 30-minute panel discussion can be viewed online at anytime via EB TV on employeebenefits.co.uk.The webinar took place on 1 December in association with Close Brothers Asset Management.The panel included Debbie Lovewell-Tuck, editor of Employee Benefits, Natasha ...
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ArticleEXCLUSIVE: Withers goes green with benefits portal
EXCLUSIVE: Withers has enhanced its benefits portal to communicate annual salary increases and bonus payment updates to its UK employees, moving away from paper communications in line with its commitment to conducting business in a sustainable manner.The portal, provided by Staffcare, offers bespoke employee views that show compensation, including individual ...
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ArticleInstitute of Chartered Accountants agrees £30 million pension buy-in
The Institute of Chartered Accountants has agreed a medically underwritten buy-in transaction for its £200 million pension scheme.The £30 million transaction with Partnership was completed in November. The organisation's Staff Pensions Fund is one of the few UK pension schemes to have completed two medically underwritten buy-ins, after completing a ...
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Article60% of active scheme members are in defined contribution schemes
Almost two-thirds (60%) of respondents' active pension scheme members are in a defined contribution (DC) scheme, compared to 32% in 2011, according to research by the Pensions and Lifetime Savings Association (PLSA).Five year trend data from the PLSA's annual survey, based on responses from 63 private sector employers, also found ...
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Article13% look to employer for retirement planning support
More than one in ten (13%) employee respondents look to their employer for support with retirement planning, according to research by Baring Asset Management.Its survey of 1,548 employees also found that 14% think it is an employer's responsibility to help them understand the asset allocation of their pension fund.The survey ...
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Artemis’ Cormac Weldon: Earnings will start growing in the US next year
The head of Artemis’ US team explains why he is holding cyclical stocks (like semi-conductors) while also investing in growth (videogame producers, Amazon).
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OpinionJackie Wells: Engage all generations of a workforce in making informed pensions decisions
The world of pensions has seen enormous change over recent years. Thanks to auto-enrolment, millions more are now saving for their retirement in a workplace pension scheme. And following the radical pension reforms announced by Chancellor George Osborne in the Budget 2014, savers now have more choice than ever before ...
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AnalysisHow to engage the 30- to 40-year-old generation with retirement savings
If you read nothing else, read this...The 30-40 age group still has time to make up a pension saving shortfall, but delaying past 40 makes the task much more difficult.The first step in encouraging this group to save more is to explain the tax advantages of pensions, the paucity of ...