All Employee Benefits articles in Web Issue – Page 637
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Article
Retirement planning still an issue among staff
Nearly a quarter (23%) of respondents have not thought about how they will survive financially when they retire, according to research by Capita Employee Benefits. Its 2013 Spring Capita Employee Benefits survey, which was conducted by Research Now and questioned more than 3,000 employees, found that this response was highest ...
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Article
Maternity leave a concern among working mothers
Nearly half (42%) of respondents are uneasy about their employer’s reaction when they tell them they are pregnant, according to research by QualitySolicitors.Its research, conducted by OnePoll among 1,000 working women who have a child, are considering pregnancy or see it as a possibility, found that 78% of respondents did ...
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Article
Servier Laboratories appoints Aon Hewitt
Servier Laboratories has appointed Aon Hewitt to provide advisory services for its hybrid pension scheme. The pharmaceutical business has 1,000 employees in its £60-million hybrid scheme, which has legacy defined benefit (DB) arrangements and ongoing defined contribution (DC) benefits.Aon Hewitt will provide actuarial, administration, investment, secretarial and DC advice and ...
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Article
NAPF appoints chairs of DC and DB Councils
The National Association of Pension Funds (NAPF) has appointed the chairs of its two new policy-making councils.Lesley Williams (pictured), group pensions director at Whitbread, has been elected chair of the Defined Contribution (DC) Council and Robert Brown, senior investment consultant at Towers Watson, has been elected chair of the Defined ...
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Article
NAPF looks to develop at-retirement services
The National Association of Pension Funds (NAPF) has issued a call for expressions of interest (EOI) on the provision of at-retirement services for those saving in defined contribution (DC) pension schemes.The NAPF is interested in working with advisers, brokers and other parties active in the at-retirement market to develop solutions ...
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Article
Civil Aviation Authority launches DB pensions website
The Civil Aviation Authority Pension Scheme (CAAPS) has launched a new website for the 15,000 members of its defined benefit (DB) pension scheme.The member-facing website, which includes details of predicted outcome, contributions, benefits, pensioner payslips and online benefit statements, can be accessed online at any time.The project, completed with communications ...
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Article
L’Oreal to postpone auto-enrolment
EXCLUSIVE: L’Oreal is to postpone auto-enrolment by three months to manage its 2,500-strong beauty adviser population, who have unpredictable spikes in their earnings.This particular group of employees receive added commissions around a new product launch and over the Christmas period, but during the majority of the year would not qualify ...
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Video
Staffcare's Auto-Enrolment Portal: a simple guide
brightcove.createExperiences();This article has been provided by our channel sponsor, StaffcareStaffcare’s Auto-Enrolment Portal is an independent platform built with award-winning software to ensure that you can meet your obligations in a cost-efficient and risk-free way.
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Article
Aviva launches PMI product for large employers
Aviva has launched a new private medical insurance (PMI) product for large employers.Its Guidewell product, which is available from 1 July, has been designed to manage the rising costs of claims and to help employers control their healthcare spend.The product includes:Open-referral process, so there will be no shortfall in hospital ...
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Article
L&G master trust awarded PQM Ready
Legal and General (L&G) has received the Pension Quality Mark (PQM) Ready accreditation for its master trust pension scheme.PQM Ready was set up by the Pension Quality Mark, the independent standard that recognises good-quality defined contribution (DC) pensions.To receive PQM Ready accreditation, multi-employer pensions and master trusts need to show, ...
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Article
DOD's blog: Becoming a bond fundi over pasta funghi lunch
Did you know that the announcement by the USA’s Federal Reserve a few weeks ago to withdraw quantitative easing took a healthy slice of money off the retirement savings pots of UK pension scheme members?No?Me neither. Until I was enlightened to the fact by the lovely Laith Khalaf, head of ...
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Video
VIDEO: David Pitt-Watson: Collective pensions could offer better returns
The UK can have a much better system of collective pension savings, said David Pitt-Watson (pictured), author of Building the consensus for a people’s pension in Britain, during an interview with Clare Bettelley, associate editor at Employee Benefits.Pitt-Watson led a session titled ‘What should a best practice pension system look ...
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Article
DOD’s blog: Dreaming in percentages
Having spent the past week buried in data (for both the about-to-be published Employee Benefits/Capita Pensions Research 2013 as well as our fascinating in-depth analysis on how the main corporate advisers are performing in the UK market) I am beginning to dream in percentages.It is also why I have plenty ...
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Article
BMW consults on DB pension closure
BMW Group has launched a consultation into closing its final salary pension scheme to new entrants following several months of negotiations.The group has clarified that the statutory consultation period, which began on 23 July, does not close the door on future discussions.BMW Group employs around 5,000 workers across four UK ...
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Article
DWP publishes call for evidence on DC pensions
The Department for Work and Pensions (DWP) has published a call for evidence on how defined contribution (DC) pension schemes are managed, with a view to setting out standards to protect members.The government has asked the industry for evidence on the current state of pension scheme governance, default options, administration ...
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Article
LeasePlan updates company car tax guide
LeasePlan UK has published its latest guidance on company car taxation.The inside track: a guide to company car taxation, which has been published in associated with Deloitte, looks at the real-life impact of some of the most recent government announcements relating to company car provision and advises employers how to ...
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Article
Half of default fund members chose this investment option
Nearly half (49%) of respondents in their defined contribution (DC) pension scheme’s default fund chose to be there and did not actually ‘default’ into it, according to research by State Street Global Advisors, the asset management business of State Street Corporation.Its research, which surveyed 1,002 full-time employees belonging to their ...
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Article
Church of England to investigate pension fund
The Church of England is to launch an investigation into its own pension fund after the Financial Times uncovered that it had ties to payday lender Wonga.According to the church, the total amount of exposure to Wonga is £75,000 and the investment in the fund came about through commitments made ...
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Article
Wilkinson to close final salary pension
Wilkinson is to close its final salary pension scheme to future accrual as part of its plans to comply with the government’s auto-enrolment legislation.The scheme, which has approximately 1,300 active members, will be closed from 31 July. A further 400 retired Wilkinson employees will not be affected.The discount retail chain ...
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Article
Nest to invest in commercial property
The National Employment Savings Trust (Nest) is to add commercial property to its investment strategy. The organisation has awarded Legal and General Investment Management (LGIM) two real estate mandates.The mandates are intended to provide access to an asset class capable of delivering long-term and sustainable growth for Nest pension scheme ...