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Kingfisher provides benefits security through bulk annuity purchase

Employee Benefits

Credit: ClimbWhenReady / Shutterstock In the UK, home improvement firm Kingfisher’s pension provision comprises a closed final salary section, with 28,000 deferred and pensioner members, and an open money purchase section, with 70,000 active and deferred members.

Pension 105
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Will the Mansion House reforms deliver value for employees?

Employee Benefits

Need to know: A raft of proposals have been launched to improve value for money in pension schemes. In July, Chancellor of the Exchequer Jeremy Hunt proposed a number of pension reforms in his Mansion House speech, with an overarching focus on value for money for members.

Pension 105
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French Pension Reforms: Controversy and No-Confidence Vote Survived by Macron

HR Digest

As France grapples with an aging population and a pension system deficit, the government’s proposal to raise the retirement age and cut pension costs has sparked a wave of protests and strikes across the country. Join the debate and share your thoughts on the France Retirement Age Protest and 2023 French Pension Reform Strike.

Pension 52
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Government launches review to boost employment prospects for autistic people

Employee Benefits

The Department for Work and Pensions (DWP) has launched a government review designed to investigate boosting employment prospects for autistic people. The Buckland Review of Autism Employment was created with support from charity organisation Autistica, and aims to address low employment among autistic people.

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Blockchain’s role in the future of HR

LACE Partners

Examples of this in an HR perspective would mean that employee information (personal details and financial information such as payslips, pension details, employee history or certification, and more) could be stored in the Blockchain and truly owned by the individual, rather than stored within organisations HR and payroll systems.

Banking 98
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April HR News Worth Review

Higginbotham

Individuals who have access to affordable, minimum value employer-sponsored coverage are not eligible for the PTC. Currently, whether employer-sponsored coverage is considered affordable for family members is determined based on the lowest-cost self-only coverage available to the employee. Employer Takeaway. Employer Takeaway.

401(k) 52
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HR’s 2018 year in review part two

cipHR

Meanwhile, 10 months on, the Recruitment and Employment Confederation (REC), released a white paper warning the public sector faces up to seven years of skills shortages.

Retail 56