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How to Keep Personal Information Safe

Money Talk

bank and investment accounts, pension, Social Security) should have a two-factor (a.k.a., Widespread data hackings are increasingly common, whether it is a credit bureau (Equifax in 2017), a hotel (Marriott in 2018), an online game producer (Zynga in 2019) a federal government agency (OPM in 2015), or an Internet media company (Yahoo!

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District Court Rejects Participant’s Attempt to Stop Plan From Recouping Overpayments

Proskauer's Employee Benefits & Executive Compensa

13, 2023), the court granted a motion to dismiss a pension plan participant’s claim that the plan was equitably estopped from recouping overpaid plan benefits. Upon termination of his employment, the participant requested and received from the plan a disclosure estimating that his pension would be $6,225.24 Detroit Edison Co. &

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British Red Cross completes £30 million pensions buy-out

Employee Benefits

Credit: Tony Baggett / Shutterstock.com British Red Cross has completed a £30 million buy-out deal for its pension fund and the British Red Cross Society’s Scottish branch retirement benefits scheme. Aviva has been a valued supporter of the British Red Cross since 2016.

Pension 64
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Laura Trott appointed minister for pensions

Employee Benefits

Prime Minister Rishi Sunak has appointed Laura Trott MBE as minister for pensions, after predecessor Alex Burghart officially held the role for less than one month. Trott was appointed on 27 October, and the Department for Work and Pensions (DWP) made the announcement on 7 November via its official Twitter account.

Pension 59
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Paul Maynard named new pensions minister

Employee Benefits

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.

Pension 59
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Court of Appeal upholds High Court ruling on Virgin Media pension scheme

Employee Benefits

The Court of Appeal has upheld the High Court’s ruling that a written actuarial confirmation was required where an alteration to the Virgin Media scheme’s rules affected pension benefits for past or future service benefits. What evidence might be sufficient to demonstrate that a compliant actuarial confirmation was, in fact, provided?

Pension 59
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Government to protect pensions triple lock

Employee Benefits

Autumn budget 2022: The government has confirmed that the pensions triple lock and credit will be protected, and rise by 10.1% Chancellor of the exchequer Jeremy Hunt told the House of Commons that the state pension will be uprated by inflation, rather than in line with average earnings growth , in line with its triple lock commitment.

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