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As a financial education solopreneur who works from home, I was happy join a group of kindred spirits to share information about each other’s products and services. As a financial education solopreneur who works from home, I was happy join a group of kindred spirits to share information about each other’s products and services.
Nearly half (46%) of UK employers with defined contribution (DC) pension schemes say that delivering positive outcomes for members in this scheme is now their top priority, according to research by global professionalservices firm Aon.
In October 2022, professionalservices firm Deloitte introduced a flexible pension policy that gave its 22,000 UK employees more control over their finances, while still centring the importance of retirement savings. We deliberately structured the new policy to be more pro pensions than it was.
Interserve, a construction firm that went into administration in 2019, has completed a £400 million buy-in for its pension scheme members. The transaction was conducted with provider Aviva, and secured the benefits of more than 7,000 scheme members and follows a £300 million pensioner-only buy-in that took place in 2014.
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.
Need to know: Crypto currency is still unusual in pay strategies with early adopters predominately technology businesses and the professionalservices firms that support them. And, while most people are happy to watch the roller coaster ride from the sidelines, employers are beginning to consider crypto as part of their pay strategies.
Insurance brokerage, risk management and consulting services firm Arthur J Gallagher has completed acquisition of the partnership interests of BCHR Holdings, otherwise known as Buck. HR, pensions and employee benefits consulting, technology, and administration services provider Buck has 2,300 employees across the US, Canada and the UK.
Credit: JHVEPhoto / Shutterstock.com Professionalservices and accounting firm Ernst and Young (EY) is to allow its UK consultant employees to take time away from their roles. Through the employer’s Employee TimeOut initiative, employees without an assignment from March to August 2024 can leave their role for between four and 12 weeks.
Yet, behind the allure of cityscapes and rolling hills, there's a pressing concern that affects both employers and employees alike: the ever-evolving cost of living. The good news is that the research into market trends indicates a high level of willingness among employers to assist their workforce.
Did you know that boosting the amount you contribute to your pension pot throughout your working life could make you nearly £100,000 better off by the time you reach retirement? It’s clear to see how an employee who regularly uses the Discount Club benefit can save themselves thousands of pounds across the years of their employment with you.
It offers pre-retirement seminars focusing on a holistic approach to pensions , tax implications, the psychological impact of leaving work, wills and estate planning, that are primarily aimed at older workers but do get interest from younger staff as well. They pass this on through meetings with each department.
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