article thumbnail

UK DC pension schemes down 40% in a decade

Employee Benefits

The UK’s occupational defined contribution (DC) pension market has consolidated by nearly 40% in a decade, data has shown. The Pensions Regulator’s (TPR) 12th annual DC trust report revealed that there were 27,700 DC schemes in December 2021 down from 45,150 in 2011.

Pension 72
article thumbnail

ITV agrees deal for Box Clever pension scheme members to receive benefits

Employee Benefits

Members of the Box Clever pension scheme will receive their pension benefits in full following an in-principle deal between The Pensions Regulator (TPR) and ITV. Employees were then transferred to the new organisation and enrolled in the Box Clever pension scheme.

Pension 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Gretna Green accredited as living wage employer

Employee Benefits

The living wage movement has delivered a pay rise to more than 60,000 lower-paid Scottish employees and given them an extra £370 million since 2011, with more than 3,000 living wage employers now based in Scotland. The post Gretna Green accredited as living wage employer appeared first on Employee Benefits.

article thumbnail

A Return to Prioritizing Retirement Benefits 

HR Professionals Magazine

Twenty-two percent (22%) of survey respondents offer a traditional pension plan in conjunction with their defined contribution plan. Only 5% are considering offloading risk due to funding concerns, and none of the survey respondents have plans to terminate their pension plans in the near future.

article thumbnail

Practical Considerations for New Pay vs. Performance Disclosure Requirement

Proskauer's Employee Benefits & Executive Compensa

As noted below, SRCs need not include any amount for pension benefits.). For example, in 2011 the SEC issued rules implementing the now familiar “say on pay” and “say on pay frequency” shareholder advisory votes. [2] This calculation excludes the impact of changes to actuarial assumptions ( g.

article thumbnail

Third Circuit Affirms Finding that Withdrawal Liability Assessment Was Untimely

Proskauer's Employee Benefits & Executive Compensa

When an employer withdraws from a multiemployer pension plan, the plans trustees must notify the employer of the amount of its withdrawal liability and demand payment. On the basis of dicta in the Supreme Courts opinion in Bay Area Laundry & Dry Cleaning Pension Tr. 1399(b)(1). 1399(b)(1). Ferbar Corp. 4th 190 (3d Cir.

article thumbnail

Mental Injuries: Workers’ Compensation and Disability Insurance Part 1

Workers' Compensation Perspectives

The following table highlights aspects of the Australian Disability Support Pension (DSP), US Social Security Disability Insurance (SSDI), and Canada Pension Plan – Disability. The Canada Pension Plan Disability (CPP-D) system covers persons with contributions to the plan who suffer a “severe and prolonged” disability.