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Court of Appeal upholds High Court ruling on Virgin Media pension scheme

Employee Benefits

The Court of Appeal has upheld the High Court’s ruling that a written actuarial confirmation was required where an alteration to the Virgin Media scheme’s rules affected pension benefits for past or future service benefits. What evidence might be sufficient to demonstrate that a compliant actuarial confirmation was, in fact, provided?

Pension 59
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5 pillars of a successful HR strategy

Achievers

Employment contract : Must include details such as job description, salary, work hours, and other terms of employment. Canada Pension Plan (CPP) and Employment Insurance (EI) : Employers must make contributions to CPP and EI on behalf of their employees.

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Top tips on how employers can reduce the gender pensions gap

Employee Benefits

Women need to be aware of the impact of career breaks and part-time working on their pensions, and how they may be able to mitigate the impact. Online ‘Mind the gap’ calculators, using video, animation and social media can help to promote relevant messages. Perhaps decisive policy action is needed to address the pension gender divide.

Pension 59
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Beth Brown: High Court calls into question amendments to contracted out pension schemes

Employee Benefits

Anyone involved with pension schemes which contracted out on a salary-related basis after 1997 will want to be aware of a recent High Court ruling which could impact their scheme. Also, the Department for Work and Pensions has power to issue retrospective correcting regulations on contracting out and has used such a power before.

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What are the priorities for public sector reward agendas?

Employee Benefits

Years of reforms mean public sector employees often perceive their pensions as offering poor value: creative communications could help to change this misconception. As it is largely funded by taxpayer money, scrutiny from stakeholders such as politicians, the media and think tanks means reward professionals must be mindful of what they offer.

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The top 10 most-read articles between 15 – 21 September 2023

Employee Benefits

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

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How far can a reward and benefits strategy truly impact recruitment and retention?

Employee Benefits

Providing access to discounts can help their salary go further, while steps to support financial wellbeing and literacy could reduce stress. The cost-of-living crisis has had a huge impact, so businesses that offer strong reward and benefits packages without necessarily offering higher salaries are appealing to employees,” says Hoodless.