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Pension Related Topics 
Employee Benefit News
JULY 17, 2024
While the revival of traditional pension plans faces significant hurdles, the exploration of hybrid solutions and innovations in retirement planning could provide a path forward.
312 
Employee Benefit News
FEBRUARY 5, 2024
Major employers like IBM and Ikea are touting the benefits of pensions on their employees' financial well-being. Is the industry ready for a comeback?
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HR Lineup
OCTOBER 21, 2024
Retirement Plans Associate (RPA) The Retirement Plans Associate (RPA) certification, offered through the CEBS program, focuses on retirement planning and pension management. It’s ideal for professionals who want to specialize in retirement benefits and pensions.
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Employee Benefit News
SEPTEMBER 27, 2023
United Auto Workers members who were hired prior to the 2008 financial crisis have pensions, those brought on since have received 401(k) plans instead.
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Employee Benefit News
JULY 14, 2023
Chicago's pension gap creates a financial burden that threatens its recovery and the mayor's agenda.
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Employee Benefit News
FEBRUARY 27, 2024
After IBM unfroze its pension, some wondered if this was the start of a defined-benefit renaissance. Researchers say that's not what it was about.
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Take It Personel-ly
JUNE 10, 2021
Pensions are something that many people don’t start to think about until it’s too late. But starting to save for your pension sooner rather than later will save you a headache […]. After all, most of us have more immediate things to be saving for, whether that’s a home, a car, or an unexpected boiler repair.
137 
Employee Benefits
FEBRUARY 4, 2022
Of 500 people surveyed by online pension provider PensionBee, 66% said they were unaware of the total value of their pension pots. While customers under the age of 40 have on average of just £11,200 saved for retirement, they have also already typically brought together two pension pots.
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Employee Benefit News
MARCH 28, 2023
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Employee Benefits
NOVEMBER 15, 2023
Need to know: Employers can tailor content and communication channels to different employee groups to help with their pensions knowledge. Losing the jargon will make the language of pensions easier to understand and more relevant to staff. They could invest in financial coaching for a more personal approach to pensions education.
111 
Employee Benefits
MARCH 27, 2023
What is a group personal pension (GPP)? A group personal pension is a defined contribution (DC) arrangement whereby an employer agrees to make monthly contributions into a scheme, but the contract is between the employer and the pension provider. The pensions annual allowance has been increased from £40,000 to £60,000.
111 
Employee Benefits
MAY 28, 2024
About 1,000 Unite union members working at two Morrisons warehouses have undertaken strike action for three days over a cut in company contributions to their pensions. Morrisons said the loss in pension contributions per worker would be more than offset by the offered pay rise.
104 
Employee Benefits
DECEMBER 12, 2023
Employee Benefits poll: Just one-third (33%) of organisations think the pension pot for life plans announced in November’s Autumn Statement by Chancellor Jeremy Hunt will help employees to manage their pension, according to a survey of Employee Benefits readers.
105 
Employee Benefits
OCTOBER 23, 2023
lost pension pots in the UK, worth around £26.6 billion WEALTH at work explains how employees can track down lost pensions and provides guidance on whether to consolidate The total value of lost pension pots has grown from £19.4 million lost pension pots sitting unclaimed because they’ve been simply lost or forgotten about.
105 
Employee Benefit News
DECEMBER 16, 2024
Having missed out on yesterday's pensions and today's 401(k) features, the latchkey generation is woefully unprepared for retirement. Here's how advisors can help.
245 
Employee Benefits
APRIL 24, 2024
Increasing minimum pension contributions under auto-enrolment from 8% to 12% could result in additional contributions of £10 billion a year in the UK, according to research by Phoenix Group and WPI Economics. The post Increasing minimum pension contributions to 12% could boost savings by £95,530 appeared first on Employee Benefits.
108 
Employee Benefits
MARCH 7, 2022
New research has revealed that 82% of young employees aged between 18 and 22 believe that individuals in employment should start saving for their pensions and retirement before the current default age of 22. The post 82% of young staff want to save for pensions before turning 22 appeared first on Employee Benefits.
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Employee Benefits
APRIL 25, 2024
Just over one-third of pension savers (35%) feel confident to make decisions such as choosing how to access their pension when they reach retirement age, according to research by workplace pension scheme provider TPT Retirement Solutions.
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Employee Benefits
JANUARY 18, 2023
One effective way in which employers can help drive employee engagement with pensions is by ensuring ease of access, so they can engage more easily and more regularly. In order to minimise jargon surrounding pensions, communication strategies should be easy to understand, inspiring, engaging and informing.
111 
Employee Benefit News
SEPTEMBER 6, 2023
Roth contribution options and pension-linked emergency savings accounts, among other promising provisions, will require extensive clarification.
297 
Employee Benefits
JULY 22, 2024
Rachel Reeves, chancellor of the exchequer, has announced a pensions review as part of the government’s aim to boost growth and productive investment into the UK economy. How pension pots for savers in DC schemes could be boosted by more than £11,000, will also be explored. There is no time to waste.
105 
Employee Benefits
NOVEMBER 15, 2023
So far, it has been delivered to approximately 80,000 of its UK employees. Kerry Shiels, pension and benefits director at BT, says: “It is very important that employees understand their BT pension and the retirement decisions they will need to make in the lead up to, and at, retirement.
116 
Employee Benefits
FEBRUARY 20, 2024
Employee Benefits poll: Approximately half (49%) of organisations think the pots-for-life plan will increase employees’ engagement with their pensions, according to a survey of Employee Benefits readers. Employees would also be able to choose their own pension scheme for automatic-enrolment.
115 
Employee Benefits
JANUARY 17, 2024
While automatic-enrolment has resulted in more individuals saving for retirement, it has created a separate issue that the Department for Work and Pensions (DWP) describes as ‘the proliferation of small pots’: the creation of multiple deferred pension pots , often low in value, when employees change employer.
119 
Employee Benefits
OCTOBER 16, 2023
A buy-in is a contract between a defined benefit pension scheme and an employer that removes longevity, market, interest and inflation risks. With this in mind, what is a pensions buy-in and how is it conducted? If an investment strategy underperforms, it may not generate sufficient returns to pay pensions in the future.
105 
Employee Benefit News
OCTOBER 18, 2023
The decline was mainly driven by the pension funds and insurance companies' push to persuade companies to develop transition plans.
283 
Employee Benefits
JANUARY 18, 2023
Global technology organisation Siemens, which employs approximately 7,000 employes in the UK, believes it is important for its younger employees to understand that pension saving is most effective when they start early on. “We also use our internal social platform Yammer to promote pension messages within Siemens.”
105 
Employee Benefits
SEPTEMBER 2, 2024
Choosing a pension provider that offers easily accessible and age appropriate investment education can increase employees’ confidence on the topic. In its March 2024 report, the Pensions and Lifetime Savings Association (PSLA) revealed that while 82% of savers understand their pension is invested, only 26% know what it is invested in.
97 
Employee Benefits
DECEMBER 1, 2023
Two-thirds (66%) of full-time UK employees regard contributory pensions and savings as important, according to research by Employee Benefits Isle of Man. The post 66% of full-time UK staff think contributory pensions are important appeared first on Employee Benefits.
113 
Employee Benefits
FEBRUARY 12, 2024
More employers could introduce gender inclusive paid parental leave to prevent and try to close gender pension gaps. The Pensions (Extension of Automatic-Enrolment) (No. 2) Bill will remove the lower earnings limit, enabling more employees to pay into a pension. The Pensions (Extension of Automatic-Enrolment) (No.
104 
Employee Benefits
SEPTEMBER 16, 2024
The majority of UK adults admitted they only have moderate expectations for their pension returns, and prioritise stability in their retirement savings over higher-risk investments, a new survey by PensionBee has revealed. The post Majority of UK adults have moderate expectations for pension returns appeared first on Employee Benefits.
94 
Employee Benefits
JULY 17, 2023
When law firm Herbert Smith Freehills was approached about taking part in the living pension pilot, it was keen to support what it saw as a vital initiative not just for its own employees, but for society in general. It decided to become an accredited living pension employer to provide greater financial security for its 5,000 employees.
98 
Employee Benefits
SEPTEMBER 6, 2023
Given cost of living worries and the notion this may be impacting pension savings, WEALTH at work conducted research* with employees to find out their thoughts into what’s happening in reality. It’s therefore more important than ever to ensure employees are engaged with their pensions.
105 
Employee Benefits
AUGUST 14, 2023
Need to know: Change will happen when it comes to employers’ pensions plans. But when change happens in areas that are not well understood, like pensions , people can sometimes assume that any news is bad news. Independent sources of support Employees may well feel less self-conscious asking an independent person about their pension.
98 
Employee Benefits
JULY 25, 2023
Transitioning to a superior provider is no longer a hassle: If you’re contemplating changing your current workplace pension scheme, the process isn’t as challenging as you might think. Many pension companies (we’re one of them!) What is a workplace pension? are prepared to assist you with the heavy lifting.
96 
Employee Benefits
JULY 17, 2023
As a voluntary savings target, the living pension initiative sets out the minimum annual contribution needed to afford basic living costs in retirement. Organisations should engage employees in their future finances by introducing schemes to improve financial literacy and provide better pensions information.
98 
Employee Benefits
AUGUST 14, 2023
When Ford Motor Company moved to a master trust in April 2022, explaining the changes to people at pensions roadshows was a priority. Oliver Payne, international pensions and data analytics manager at Ford and founder of the Reinventing Pensions event, explains: “The reason for that is you get people’s focused attention.
98 
Employee Benefits
AUGUST 29, 2023
Auto Enrolment Pension Staging Date: A Guide for Employers Whether you’re exploring the possibility of establishing a new auto enrolment pension for your company, or if you’ve already got one in operation pension auto enrolment staging dates might puzzle you. Hasn’t pension auto enrolment been an obligation for quite some time?
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Employee Benefits
MARCH 16, 2023
It included a number of key announcements that could impact employees’ pay , pensions and benefits. appeared first on Employee Benefits.
103 
Employee Benefits
MARCH 6, 2024
WEALTH at work, a leading financial wellbeing and retirement specialist has run financial education workshops for staff in hundreds of organisations and is encouraging people to consider using this saving in National Insurance if they can, to increase their monthly pension contributions. When made into a pension contribution it is worth £206.39
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Employee Benefits
SEPTEMBER 6, 2023
BBC v Christina Burns concerns the ability of employers to amend their old-fashioned and prohibitively expensive defined benefit pension schemes to make cost-saving changes. Pension schemes can be amended in the ways that their amendment power says is possible, but not otherwise. The court said the BBC could not do this.
105 
Employee Benefits
MARCH 7, 2024
Image credit: photocosmos1 / Shutterstock.com Chancellor of the Exchequer, Jeremy Hunt (pictured), delivered his Spring Budget speech in the House of Commons on Wednesday 6 March. appeared first on Employee Benefits.
105 
HR Lineup
OCTOBER 13, 2024
Key Services: Talent and Reward Consulting Employee Benefits and Risk Management HR Technology Implementation Retirement and Pension Plan Consulting Talent Analytics and Workforce Planning Why It Stands Out WTW is known for its robust talent analytics and data-driven HR solutions. Headquartered in London, WTW operates in over 140 countries.
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