Employee Benefits

MARCH 6, 2024

Spring Budget 2024: Jeremy Hunt, Chancellor of the Exchequer, has announced plans to bring forward requirements for defined contribution (DC) schemes and local government pension schemes (LGPS) to publicly disclose the breakdown of their asset allocation in UK equities. Requirements for LGPS will be introduced in April 2024.

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Best Money Moves

MARCH 11, 2024

The 4 best benefits in 2024, according to employees. Here are the 4 best benefits in 2024, according to employees. Here are the best benefits in 2024 based on input from real workers. Average healthcare premiums for American families increased 7% in 2024, according to research from KFF.

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Best Money Moves

MARCH 26, 2024

5 key insights about the gig economy in 2024. Here are 4 key takeaways and trends from the gig economy in 2024. Here are 5 key takeaways from the gig economy in 2024. According to Financial Executives International, only 8% of female gig workers hold a pension plan. Contact us and we’ll reach out to you soon.

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Employee Benefits

NOVEMBER 22, 2023

The state pension will increase by 8.5% from April 2024. Jeremy Hunt, Chancellor of the Exchequer, announced the rise in the Autumn Statement, with the increase based on average earnings data published in September and in line with the government’s triple lock policy on pension changes. increase on the horizon for April 2024.

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HR Lineup

OCTOBER 21, 2024

Below are the top 10 employee benefits certifications for professionals in 2024. Retirement Plans Associate (RPA) The Retirement Plans Associate (RPA) certification, offered through the CEBS program, focuses on retirement planning and pension management. Includes essential knowledge of retirement planning, compliance, and plan design.

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Money Talk

APRIL 11, 2024

The 2023 income tax filing deadline is only days away (April 15, 2024 in most of the U.S.). Baby Boomer Challenges - Baby boomers (born 1946-1964) were the first generation with the ability to save money for retirement in 403(b)s, 401(k)s, and IRAs for decades (their parent’s generation had pensions).

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Employee Benefits

DECEMBER 19, 2023

Start saving early – Starting to save when you are younger into ISAs and a pension means that the money has lots of time to grow. Many people already pay 5% of their salary into their workplace pension through auto-enrolment, with an additional 3% employer contribution.

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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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Money Talk

JANUARY 4, 2024

Unclaimed Money - This is money held by state governments from a variety of sources including bank accounts, utility deposits, pension benefits, and insurance policies. Best wishes for a healthy, wealthy, and happy 2024. It may or may not be taxable when reclaimed. To find unclaimed funds, visit www.missingmoney.com.

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Employee Benefits

FEBRUARY 19, 2024

The former surveyed 35,800 parents in England, and the latter then extracted a nationally representative sample of 5,870 parents to create the 2024 State of the nation childcare report. In comparison, 2023 saw 35% relying on some form of debt, 28% borrowed money and 15% withdrew from savings or pensions.

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Employee Benefits

SEPTEMBER 20, 2024

Its 2024 Global benefits attitudes survey, which surveyed 6,000 UK employees working at medium and large private sector employers, also found that 17% of respondents in this age group have either already started phasing into retirement by reducing their working hours or job responsibilities, while 32% want to do so.

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Employee Benefits

MARCH 26, 2024

Ride-hailing operator Bolt is to launch a pension scheme for its 65,000 UK registered private hire vehicle drivers from 1 May 2024. Through the scheme, which is provided by Aviva, drivers will be able to contribute 5% of their fees from every completed trip into their pension pot, to which Bolt will add a further 3% contribution.

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Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 3, 2023

On November 1st, the IRS released a number of inflation adjustments for 2024, including to certain limits for qualified retirement plans. As expected, this year’s adjustments are more modest than last year’s significant increases. The table below provides an overview of the key adjustments for qualified retirement plans.

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HR Lineup

OCTOBER 13, 2024

In this article, we will explore the Top 10 Global HR Services Providers in 2024, focusing on the services they offer, their market reputation, and how they stand out in the competitive HR landscape. 10 Best Global HR Services for 2024 1. The post Top 10 Global HR Services Providers 2024 appeared first on HR Lineup.

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Employee Benefits

MARCH 4, 2024

Credit: Natata/Shutterstock Need to know: The abolition of the pensions lifetime allowance in April will require an overhaul of employee communications, and a revaluation of pension scheme design and administration, including opportunities to simplify the scheme and reduce the cost of running it.

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Employee Benefits

MARCH 6, 2024

Spring Budget 2024: The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) will have a full range of regulatory powers to ensure employers are adhering to the Value for Money (VFM) framework. “We welcome the aim to target good investment returns for every member.

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Employee Benefits

MARCH 6, 2024

Chancellor of the Exchequer Jeremy Hunt will deliver his Spring Budget 2024 speech at 12.30pm on Wednesday 6 March 2024. Stay tuned to the Employee Benefits website for all the latest updates on how the Spring Budget could impact pay, pensions and benefits for employers and staff.

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Money Talk

JUNE 29, 2024

In 2024, at least $1,730 of earnings in a three-month period provides one credit and workers can earn a maximum of four credits per year. Benefit Reductions- Workers with a pension derived from work not covered by Social Security who qualify for Social Security anyway (e.g., Benefit Credits - Workers earn credits (a.k.a.,

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Employee Benefits

DECEMBER 6, 2023

Following its call for evidence on consolidating small pension pots earlier this year, the Department for Work and Pensions (DWP) is launching a further consultation on proposals to introduce a lifetime provider model. Monitoring and enforcement by HMRC and the Pensions Regulator would also become more complex.

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Employee Benefits

AUGUST 21, 2024

Central to this was its pension scheme. “We We offered a competitive pension that was above the market median but a majority of colleagues weren’t taking advantage of it,” Thomas says. When national insurance was reduced, we sent out communications suggesting that the extra increase in pay could be put into a pension,” says Thomas. “We

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Employee Benefits

OCTOBER 24, 2023

Conducted by global talent services firm Morgan McKinley as part of its 2024 Salary guide , the survey found that the top five desired benefits respondents look for in a job are working from home, bonus, pension, health insurance and flexible working hours.

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Employee Benefits

JANUARY 22, 2024

The deadline for the Employee Benefits Awards 2024 has been extended until midnight on Friday 9 February to give HR, reward and benefits professionals more opportunity to enter. The winners for 2024 will be announced at the Employee Benefits Awards on Friday 14 June 2024 at the HAC London. See all the categories and enter now.

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Employee Benefits

JULY 19, 2024

The top 10 most read articles between 12 – 18 July 2024 on employeebenefits.co.uk The top 10 most read articles between 12 – 18 July 2024 on employeebenefits.co.uk

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Employee Benefits

AUGUST 9, 2024

The top 10 most read articles between 2 – 8 August 2024 on employeebenefits.co.uk 65% of pension scheme sponsors do not know how much members can expect at retirement One in three employers do not offer financial advice as a benefit SCA UK Pension Plan completes £1.1

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Employee Benefits

MAY 16, 2024

Technology firm Siemens and Stockton-on-Tees Borough Council are among the employers shortlisted for Best pensions strategy at the Employee Benefits Awards 2024. A Howden spokesperson said: “We worked really hard with our pensions strategy. View the shortlist For more information and to book your table.

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Employee Benefits

AUGUST 23, 2024

The top 10 most read articles between 16 – 22 August 2024 on employeebenefits.co.uk million pension bulk annuity deal Digital Science appoints new chief people officer Bath Building Society introduces suicide prevention and mental health tool 40.6%

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Employee Benefits

JUNE 2, 2023

Credit: William Barton / Shutterstock.com Banking organisation Natwest Group has completed its acquisition of a majority shareholding in workplace savings and pensions fintech Cushon. The group agreed to acquire 85% of Cushon for £144 million back in February, with 15% retained by management.

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Employee Benefits

MAY 31, 2024

The top 10 most read articles between 24 – 30 May 2024 on employeebenefits.co.uk The top 10 most read articles between 24 – 30 May 2024 on employeebenefits.co.uk

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Employee Benefits

MAY 8, 2024

The Chancellor announced powers that would be given to both the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) in legislation slated for as early as 2027, enabling them to enforce the value for money regime. The Chancellor also announced two policy intentions for pensions in the future, with specifics to follow.

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Employee Benefits

AUGUST 5, 2024

Two-thirds (65%) of those running pension schemes do not know how much a typical member can expect at retirement, according to Aon’s latest research. Only around one in three (35%) respondents know what sort of pension outcome a typical member of their DC scheme can expect.

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Employee Benefits

AUGUST 2, 2024

The top 10 most read articles between 26 July – 1 August 2024 on employeebenefits.co.uk The top 10 most read articles between 26 July – 1 August 2024 on employeebenefits.co.uk

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Employee Benefits

SEPTEMBER 19, 2024

The deal is a no-strings three-phase offer of 5% for 2022-2023, 4.75% for 2023 to 2024, and 4.5% for 2024 to 2025. These are all backdated and pensionable. On Wednesday 14 August, a formal offer was received, deemed acceptable by Aslef’s executive committee and put to members.

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Employee Benefits

NOVEMBER 23, 2023

A number of key announcements were made that will affect pay , pensions and benefits. Autumn Statement: Government announces plans to offer pension pot for life Autumn Statement: State pension to increase by 8.5% appeared first on Employee Benefits.

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Employee Benefits

JULY 26, 2024

The top 10 most read articles between 19 – 25 July 2024 on employeebenefits.co.uk The top 10 most read articles between 19 – 25 July 2024 on employeebenefits.co.uk

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Employee Benefits

DECEMBER 12, 2023

The Employee Benefits Awards 2024 are now open for entries, celebrating and honouring excellence in the HR, reward and benefits community. 2024’s event will feature 22 categories that are open for entries, ranging from pensions and motivation schemes, to mental health, financial wellbeing and healthcare.

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Benefits Notes

AUGUST 9, 2022

Miners Act §104 – Minimum Age for Pension Plan In-Service Distributions. Miners Act §104 – Minimum Age for Pension Plan In-Service Distributions. Last day of the first plan year beginning on or after January 1, 2024. December 31, 2024, for calendar year plans). December 31, 2024, for calendar year plans).

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Employee Benefits

FEBRUARY 2, 2024

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

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