Employee Benefits

JULY 31, 2023

billion pension to cut future benefits for plan members but can make other changes without employees’ consent. The case explored the treatment of future service benefits under the BBC pension scheme, which provides retirement benefits on a defined benefit (DB) basis for BBC employees who joined before 1 December 2010.

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Employee Benefits

JULY 12, 2024

Unported Deed, resized Emma Reynolds, the elected Labour MP for Wycombe, has been appointed parliamentary secretary for both the Department of Work and Pensions (DWP) and HM Treasury. The new joint role is part of the new government’s recognition that pensions are the responsibilities of both departments.

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Employee Benefits

JULY 8, 2024

Unported Deed, resized Liz Kendall, the re-elected MP for Leicester West, has been appointed as the secretary of state for work and pensions as part of the new Labour government established last week. For defined benefit (DB) schemes, the most immediate request will be sight of the Pensions Regulator’s new DB funding code.

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Employee Benefits

AUGUST 19, 2024

million bulk annuity deal for its pension scheme. The full scheme buy-in with Aviva will secure the scheme’s retirees and deferred members’ benefits. The defined benefit (DB) scheme is maintained by Macmillan, under the stewardship of a board of trustees. million pension bulk annuity deal appeared first on Employee Benefits.

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Employee Benefits

NOVEMBER 16, 2023

Paul Maynard, Conservative MP for Blackpool North and Cleveleys, has been appointed pensions minister at the Department for Work and Pensions (DWP). The former pensions minister, Laura Trott, has been promoted to the role of chief secretary to the treasury.

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Employee Benefits

MAY 13, 2024

Its flexible benefits scheme was introduced in 2010 with wide range of options. Since then, it has amended this by adding a neurodiversity benefit to its private medical scheme, which it runs as a trust, and allowing them to join a gym during any month or select an electric car from car leasing provider Arval.

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Employee Benefits

AUGUST 28, 2024

Credit: tete_escape/ Shutterstock Need to know: In the public sector, financial constraints, benefit guidelines and stakeholder scrutiny can make reward more challenging. Years of reforms mean public sector employees often perceive their pensions as offering poor value: creative communications could help to change this misconception.

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