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Will the Mansion House reforms deliver value for employees?

Employee Benefits

Need to know: A raft of proposals have been launched to improve value for money in pension schemes. In July, Chancellor of the Exchequer Jeremy Hunt proposed a number of pension reforms in his Mansion House speech, with an overarching focus on value for money for members.

Pension 105
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Macmillan Cancer Support completes £33.7 million pension bulk annuity deal

Employee Benefits

million bulk annuity deal for its pension scheme. It closed to new members in 2005 and to all new monetary contributions in 2010. Aon was appointed as risk transfer consultant by the trustees and Macmillan, and provided advice around insurers’ environmental, social, and governance credentials and administration capabilities.

Pension 59
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DWP publishes updated occupational pension schemes regulations

Employee Benefits

The Department of Work and Pensions (DWP) has published the final version of the Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 and a consultation response. The post DWP publishes updated occupational pension schemes regulations appeared first on Employee Benefits.

Pension 59
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Wealth at Work group acquires Landscape who acquires MakingGiants to expand its digital communication services

Employee Benefits

Wealth at Work group (“the Group”) acquires Design Consulting Limited (trading as “Landscape”) – the employee engagement and pension communication specialist based in Southwark, London. Landscape already have a great reputation in our market, particularly in supporting occupational pension schemes.

Pension 52
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How CARES Act Affects Employee Retirement Plan Distributions

Health Consultants Group

They function similarly to provisions in the Hurricane Katrina Emergency Tax Relief Act of 2005. The Consolidated Appropriations Act added Money Purchase Pension Plans as a coronavirus-qualified retirement plan. Contact Health Consultants Group. IRS Notice 2020-50 provided guidance for rule implementation.

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10 Questions You Should Ask Your Retirement Plan Provider

Insperity

From Simplified Employee Pension plans to 401(k)s to defined benefit plans, retirement plans come in many forms. In addition to setting up your plan, some providers will also provide a representative who will consult with employees about the details of the plan. After all, it’s your employees’ future. What’s it going to cost?