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High Court rules BBC cannot change pension to cut future benefits

Employee Benefits

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.

Pension 98
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Liz Kendall named secretary of state for work and pensions

Employee Benefits

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.

Pension 59
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Employment and Labor Regulations in the UK

Global People Strategist

The country has a thorough and sophisticated set of employment laws that have evolved over the years in a way that employment protection is guaranteed. Even though high-ranking jobs come with added benefits and security, there are certain sectors of the economy where employment laws are not being enforced properly.

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What are the priorities for public sector reward agendas?

Employee Benefits

Years of reforms mean public sector employees often perceive their pensions as offering poor value: creative communications could help to change this misconception. Charles Cotton, senior reward adviser at the Chartered Institute of Personnel and Development (CIPD), says: “This prevents employers from offering certain salary levels and perks.

Pension 64
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BNP Paribas UK maximises choice for employees within flex scheme

Employee Benefits

The employer has seven organisations in different UK financial services markets, with more than 8,500 staff ranging from investment bankers to call centre workers. Its flexible benefits scheme was introduced in 2010 with wide range of options. This helps to increase staff engagement with their pension scheme.

Pension 59
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Report links economic growth with the idea of ‘good work’

Workplace Insight

Reform the failing Apprenticeship Levy into a flexible skills levy to boost employer investment in technical skills and free up more funding to invest in apprenticeships for young people. Require employers to include basic pay and pension information in job adverts to improve reward transparency and help reduce pay and pension gaps.

Pension 52
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Joanne Frew: The impact of the Retained EU Law Revocation and Reform Bill

Employee Benefits

All European Union (EU) derived employment law is under review following the publication of the Retained EU Law Revocation and Reform Bill. Against a backdrop of a competitive labour market, there has never been a more important time for employers to show their support, helping to create a stable workforce.

Pension 52