Employee Benefits

AUGUST 7, 2023

Helen Tomlinson, head of talent UK and Ireland at The Adecco Group and government menopause employment champion, will delievr a session on women’s health at Employee Benefits Live 2023. Employee Benefits Live 2023 will take place on Tuesday 3 and Wednesday 4 October 2023 at ExCeL London.

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Employee Benefits

AUGUST 31, 2023

Nathan Mallows, director of finance, people and change at Coastline Housing, will present a session about the living pension on the final day of Employee Benefits Live 2023. Titled Living pensions: are your pension arrangements fair and equitable? the session will take place on Wednesday 4 October at 1.45pm.

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Employee Benefits

DECEMBER 1, 2023

Two-thirds (66%) of full-time UK employees regard contributory pensions and savings as important, according to research by Employee Benefits Isle of Man. The post 66% of full-time UK staff think contributory pensions are important appeared first on Employee Benefits.

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Employee Benefits

FEBRUARY 12, 2024

More employers could introduce gender inclusive paid parental leave to prevent and try to close gender pension gaps. The Pensions (Extension of Automatic-Enrolment) (No. 2) Bill will remove the lower earnings limit, enabling more employees to pay into a pension. The Pensions (Extension of Automatic-Enrolment) (No.

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Employee Benefits

JANUARY 18, 2023

One effective way in which employers can help drive employee engagement with pensions is by ensuring ease of access, so they can engage more easily and more regularly. In order to minimise jargon surrounding pensions, communication strategies should be easy to understand, inspiring, engaging and informing.

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Employee Benefits

OCTOBER 16, 2023

A buy-in is a contract between a defined benefit pension scheme and an employer that removes longevity, market, interest and inflation risks. With this in mind, what is a pensions buy-in and how is it conducted? If an investment strategy underperforms, it may not generate sufficient returns to pay pensions in the future.

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Employee Benefits

MARCH 17, 2023

The top 10 most-read articles on www.employeebenefits.co.uk The top 10 most-read articles on www.employeebenefits.co.uk

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International Foundation of Employee Benefit Plans

JANUARY 13, 2023

Plan sponsors and administrators are encouraged to reference these comprehensive calendars to stay on track in 2023. Read more > The post 2023 Employee Benefits Reporting and Disclosure Calendars appeared first on Word on Benefits.

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Employee Benefits

NOVEMBER 23, 2023

Autumn Statement 2023: Chancellor of the Exchequer, Jeremy Hunt, delivered his Autumn Statement speech in the House of Commons on Wednesday 22 November. A number of key announcements were made that will affect pay , pensions and benefits. appeared first on Employee Benefits.

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Employee Benefits

JANUARY 22, 2024

To meet Gen Z’s needs, your organisation must promote the importance of a work-life balance from the beginning of the employee journey. Pensions and Future Planning Contrary to stereotypes, Gen Z actually places significant importance on pension benefits for future planning.

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Employee Benefits

JULY 17, 2023

As a voluntary savings target, the living pension initiative sets out the minimum annual contribution needed to afford basic living costs in retirement. Employers should ensure that employees who increase their contributions in line with this are not saving at a rate they cannot afford. Enter the living pension initiative.

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Employee Benefits

APRIL 26, 2023

Need to know: The Department for Work and Pensions announced a delay to the delivery of the pensions dashboard programme in March 2023. Employers should also consider their communications and resources; once the dashboard project is live, they should expect questions and queries from employees.

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Employee Benefits

AUGUST 18, 2023

between 11 – 17 August were: Tesco Ireland enhances staff health and wellbeing benefits 30% of staff prefer CDC pension for decumulation over an annuity or drawdown ScotRail staff accept improved pay deal Exclusive: A fifth of employees worry about money every day Median monthly pay up 7.8%

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McDermott Will & Emery Employee Benefits

DECEMBER 14, 2022

Retirement plan sponsors need to utilize updated Form W-4P (for periodic pension and annuity payments) and new Form W-4R (for nonperiodic payments and eligible rollover distributions) for income tax withholding elections beginning January 1, 2023.

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Employee Benefits

MARCH 15, 2023

Spring Budget 2023: In his Budget address to the House of Commons today (15 March 2023), Chancellor of the Exchequer Jeremy Hunt addressed the issue of unpredictable pension tax charges causing employees to leave work, particularly within the NHS. ” He added: “The issue goes wider than doctors.

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Employee Benefits

JANUARY 17, 2023

With increasing costs continually putting pressure on household finances, 2023 is set to be a financially challenging year for many. It’s therefore now more important than ever to support employees to take control of their finances to successfully navigate the cost-of-living crisis. Don’t neglect your pension. Create a budget.

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Proskauer's Employee Benefits & Executive Compensa

FEBRUARY 13, 2023

As previously discussed , the Pension Benefit Guaranty Corporation (the “PBGC”) issued final regulations in July 2022 for plans that receive special financial assistance (“SFA”) under the American Rescue Plan Act of 2021 (“ARPA”). Although the regulations were “final,” the PBGC invited comments on the phase-in rule in particular.

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Employee Benefits

MARCH 15, 2023

Spring Budget 2023: Chancellor of the Exchequer Jeremy Hunt announced in his Budget statement today (15 March 2023) that government will abolish the lifetime allowance for pensions. This will be effective from April 2023. ” He added: “This is a comprehensive plan to remove barriers to work.”

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Employee Benefits

JANUARY 20, 2023

HR, reward and benefits professionals who want their organisation or team to be in with a chance of winning at the Employee Benefits Awards 2023 have just one week left to enter. The post EXCLUSIVE: One week left to enter Employee Benefits Awards 2023 appeared first on Employee Benefits.

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Employee Benefits

APRIL 18, 2024

Public trust in the pensions industry has increased for the fourth consecutive year, according to research by third-party pensions administrator Trafalgar House. The results found that trust in the pensions industry rose to 5.26 out of 10 in 2023, up from 4.95 in 2022, 4.63 in 2021 and 4.46 and ‘a lot’ climbing 0.9%.

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Employee Benefits

NOVEMBER 24, 2022

Entries for the Employee Benefits Awards 2023 are now open, with the event set to take place on Friday 23 June 2023 at the HAC London. The Employee Benefits Awards is the event of the year for the reward, benefits and HR community. To see all the categories and start entering, click here.

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Proskauer's Employee Benefits & Executive Compensa

AUGUST 20, 2021

This episode of The Proskauer Benefits Brief is the second of our three-part series analyzing the Pension Benefit Guaranty Corporation (PBGC) guidance on the new special financial assistance program for troubled multiemployer pension plans that was created by the American Rescue Plan Act (ARPA).

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Employee Benefits

APRIL 10, 2023

Need to know: Increasing education about pensions is key to helping employees make the right decisions about accessing their pension savings early. The ability to access pension funds early could prompt changes to the way that pension providers invest for their members.

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Employee Benefits

JANUARY 31, 2023

EXCLUSIVE: The deadline for the Employee Benefits Awards 2023, sponsored by Aon, has been extended until midnight on Friday 10 February, in order to give HR, reward and benefits professionals another chance to enter and win recognition for their achievements. To see all the categories and start your entry, click here.

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Employee Benefits

MAY 9, 2024

The employees have stated that they have asked for an increase to pilot and technical crew salaries and allowances in line with the rate of inflation backdated to 1 April 2023, as well as an increase to the employer’s pension contribution rate. Bristow Helicopters was contacted for comment prior to publication.

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Employee Benefits

FEBRUARY 8, 2023

EXCLUSIVE: A public sector organisation that has implemented a successful benefits package has the chance to enter a dedicated award category at the Employee Benefits Awards 2023. The post EXCLUSIVE: Public sector category open at Employee Benefits Awards 2023 appeared first on Employee Benefits.

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Employee Benefits

AUGUST 21, 2024

Credit: Dilok Klaisataporn/Shutterstock Need to know: Significant amounts of money are tied up in small pension pots, many of which may have been forgotten. The Pensions Tracing Service can help people reconnect with lost pensions. Employers can help staff with this process and engage with pensions more generally.

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Employee Benefits

JULY 24, 2024

Alongside this, over the past two years the organisation has embedded a specific focus on encouraging pensions’ awareness , and saving, among new hires. Before a person even joins AWE, they can see the details of the pension scheme and its benefits on its website. “We When they join, employees have a formal 1.5-day

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Employee Benefits

JANUARY 31, 2024

Pensions law firm Sacker and Partners has become a living pension employer. Sackers joins other employers which have received living pension accreditation, including Aviva, Wealthify, Phoenix Group, Herbert Smith Freehills and SSE.

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Employee Benefits

MAY 20, 2024

Health provider Novus Health has received living pension employer accreditation from the Living Wage Foundation. All new employees joining the business will automatically be enrolled. The post Novus Health becomes living pension employer appeared first on Employee Benefits.

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Proskauer's Employee Benefits & Executive Compensa

JANUARY 27, 2023

2023 WL 186800 (E.D. 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. in overpaid benefits by reducing his future benefits. 22-cv-2259, 10548 U.S. App’x 588 (6th Cir.

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Employee Benefits

JANUARY 30, 2024

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.

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Employee Benefits

FEBRUARY 19, 2024

One-fifth (22%) withdrew money from their pension to pay their childcare bill, and 37% used credit cards, took out a loan or borrowed money from family or friends. For single parents with a child under five, 67% accrued debt to pay for childcare, while 50% borrowed money and 31% withdrew money from their savings and pension pot.

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Employee Benefits

MAY 22, 2024

Scottish energy multinational SSE was one of the first employers to become accredited by the living pension scheme in 2023. The Living Pension savings target is 12% of a full-time living Wage worker’s salary, of which the employer pays at least 7%. One reason behind high contribution levels is SSE’s communications strategy.

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Employee Benefits

JANUARY 4, 2023

HR, reward and benefits professionals who want to win a table at the Employee Benefits Awards 2023 and receive the early bird entry rate only have two days left to submit their entries. The post Employee Benefits Awards 2023 gives entrants chance to win table for 10 appeared first on Employee Benefits.

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Employee Benefits

JUNE 10, 2024

Credit: Electric Egg / Shutterstock.com Nottingham Building Society has introduced a platform to modernise the management of its defined benefit pension scheme in order to support its members. The post Nottingham Building Society introduces defined benefit pension platform appeared first on Employee Benefits.

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Employee Benefits

DECEMBER 14, 2023

The BP Pensioner Group has begun legal action against senior members of BP management and directors of the BP pension fund trustee due to concerns around the value of 2,500 members’ pensions. According to the BP Pensioner Group, the dispute is about decisions made by BP and the pension fund trustee in 2022 and 2023.

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