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What do employers need to know about the pensions lifetime allowance abolition?

Employee Benefits

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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How will the ‘Great Resignation’ change employees attitudes to employee benefits?

Employee Benefits

According to the Re:Me research, published in November 2021 by life insurance firm Metlife, 54% of employees are considering leaving their jobs in the next 18 months, while staffing platform Indeed Flex research, from October 2021, found 45% of HR directors are already facing hiring challenges. Freedom to choose. Mental health boost.

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Two-thirds of Small Firms Are Boosting Their Benefits Packages: Poll

InterWest Insurance Services

Dental insurance. Life insurance. Accident insurance. Long-term and short-term disability insurance. Accidental death and dismemberment insurance. Defined benefit pension plans. Critical illness insurance. Hospital indemnity insurance. Cancer insurance. Pet insurance.

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4 Life Hacks to Extend the Value of Your Benefits

Benefit Resource Inc.

Take out a life insurance policy for added peace of mind. There are any number of employee benefits you can take advantage of which either contribute to your financial security or provide you more time to enjoy the little things in life. We are all faced with choices every day which can lead you to save time or money.

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Are we moving away from paternalism in employee benefits?

Employee Benefits

Employers want more control over the cost of providing benefits: expensive final salary pensions have been replaced by defined contribution and more and more disability benefit schemes are written on a limited-term basis rather than to retirement,” he explains. Different groups want different things,” he says.

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How can employers ensure reward and benefits enhance the employee experience?

Employee Benefits

Reward and benefits can be used to demonstrate an organisation’s values, with examples including environmental, social and governance (ESG) default funds on pensions and electric car schemes. Organisations are considering how benefits enhance the employee experience,” says Helen Payne, strategic benefits consultant at Aon.

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Attention California School Districts: You ARE Fiduciaries For Your 457(b) Plans

The Teacher's Advocate

In reality, the paper had a small impact among a few consultants (myself included) and a few school districts, otherwise it went completely unnoticed. Deferred compensation funds are public pension or retirement funds for the purposes of Section 17 of Article XVI of the Constitution.” Feel free to e-mail me with any questions.

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