Employee Benefits

MAY 22, 2024

It is generally acknowledged that, despite the success of pensions auto-enrolment , saving the minimum contribution levels will not lead to a comfortable standard of living in retirement. Pensions can also seem too abstract to think about. The complexity of pensions and lack of financial education is another factor, Blake adds.

Pension 59

Pension Employment Salary Retirement Plan 59

Employee Benefits

DECEMBER 13, 2021

Many of the organisation’s employees are in final salary and local government schemes, but the majority, about 4,000, or 40% of the workforce, are in the organisation’s defined contribution (DC) scheme. The pension is accessed via an app , as are payslips and approval for overtime. That’s real value for money.”

Pension 59

Pension IT Overtime Government 59

Employee Benefits

APRIL 26, 2023

Offer a range of support The REBA research reveals that pensions still dominate employers’ financial wellbeing support, with 76% of employers having rated their support for retirement saving as ‘very good’ or ‘fair’, compared with just 37% of organisations that rated their support for building a financial safety net as ‘very good’ or ‘fair’.

Employment 95

Employment Pension Education Finance 95

Employee Benefits

DECEMBER 11, 2023

Most of us spend the majority of our working life saving into our pension. However, all this hard work saving can quickly unravel for those who aren’t aware of common pension mistakes. WEALTH at work outlines below the top 10 pension mistakes individuals could make, to highlight what employees facing retirement may need support with.

Pension 52

Pension Taxes Banking Retirement Plan 52

cipHR

JULY 30, 2020

If we pay our people their agreed wage, salary or bonus, on time, and accurately, isn’t that enough? In February 2020, the Money and Pension Service (MAPS) rolled out a 10-year strategy for financial wellbeing , which identifies workplaces as a key channel through which the UK can become financially healthier. Pensions .

Pension 59

Pension Salary Health Insurance Education 59

Employee Benefits

AUGUST 30, 2023

Employees can also participate in bespoke financial wellbeing workshops, featuring guides, webinars and in-person seminars on topics such as pensions and protection, budgeting , saving and investing.

Pension 59

Pension Retirement Plan Taxes Finance 59

Employee Benefits

NOVEMBER 2, 2023

Making regular contributions into a pension pot is also becoming more of a challenge, with salaries struggling to keep pace with rising costs. WEALTH at work’s research showed that 13% of employees have reduced or stopped their pensions because of rising costs. You can also see their comments below.

Pension 52

Pension Education Retirement Plan Salary 52