All Contributions articles – Page 22
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News
Regulator’s AE report: Work still to do despite policy success
A transformation in levels of workplace pension scheme participation following automatic enrolment has been applauded by experts, but engagement and average contributions remain low.
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FeaturesExperian staff up contributions following education programme
Credit score provider Experian has rolled out a pensions education programme for its staff, leading to 29 per cent of employees increasing pension contributions and 70 per cent asking for further guidance.
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Features
‘Powerless’ employees see AE minimums as recommendations
Data Crunch: Pension savers wrongly think minimum contribution levels required under automatic enrolment are the government’s recommendation for how much to save, research has revealed.
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OpinionRegulator still sparing AE breach employers’ blushes
When it comes to bad bosses not doing the right thing by their staff, the Pension Regulator likes to talk tough.
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News
Arcadia CVAs approved
On the go: Arcadia Group, the struggling fashion empire controlled by Sir Philip Green, can move forward with its restructuring plans after a challenge from US landlords was withdrawn.
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News
USS recovery plan talks begin after employers fail to head off strike threat
On the go: The trustee of the Universities Superannuation Scheme has issued a series of consultation documents in a bid to commence agreements with employers on a suitable recovery plan and contribution rates for the scheme.
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News
Huge gulf in UK workplace pension provision by sector
On the go: Pension provision and employer contributions vary wildly across UK employment sectors, with the financial services at the top and agriculture, forestry and fishing propping up the bottom of the tables.
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News
3 in 4 companies happy to extend AE to self-employed and low-paid
On the go: Three quarters of businesses back the extension of auto-enrolment to include the self-employed and those earning less than £10,000 a year, but have a limited appetite for mandatory contribution increases, according to new research.
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News
DB continues to mature as 73% cash flow negative
On the go: Almost three out of every four defined benefit schemes in the UK are now cash flow negative, according to consultancy Mercer’s 2019 asset allocation survey.
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News
Pension scheme membership rises to record 45.6m
On the go: Total membership of occupational pension schemes in the UK reached 45.6m in 2018, up from 41.1m in 2017, according to new Office for National Statistics data.
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News
Employers and unions rail against latest USS proposals
On the go: Academics and employers have expressed their disappointment at the latest Universities Superannuation Scheme proposals in the long-running pensions dispute which saw universities brought to a standstill last year.
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FeaturesMorgan Sindall ditches ‘pension’ in comms to boost engagement
Construction and regeneration group Morgan Sindall has described the boost to pensions engagement it saw after revamping its member communications, notably replacing mentions of ‘pension’ with ‘retirement saving’.
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FeaturesAkzoNobel valuation results in £550m Q1 funding call
Paint manufacturing giant AkzoNobel has contributed €639m (£548.8m) into its pension schemes in the first quarter of 2019 alone, after a triennial valuation increased the company’s funding obligations beyond its previous projections.
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News
Pearson encourages AE members to switch sections for better outcomes
The Pearson Pension Plan is encouraging members of its auto-enrolment section to switch to its money purchase section, where it says they will be able to pay in lower contributions but save more.
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News
Government urged to force matching of voluntary contributions
The government should force employers to match voluntary pension contributions made above auto-enrolment minimums, according to investment platform Hargreaves Lansdown.
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News
NHS staff get cash instead of contributions options
On the go: Doctors at risk of being caught by the tapered annual allowance will reportedly be offered cash instead of an employer contribution under new plans to reverse the trend for doctors retiring early.
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News
Higher pension costs could see 57 schools closing
On the go: Fifty-seven independent schools could close because of the £1.1bn rise in the employers’ contribution to the Teachers’ Pension Scheme from September 1 2019, with a further 185 withdrawing from the scheme.
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News
Debenhams scheme survives pre-pack administration
On the go: Trustees of the Debenhams pension schemes have reassured members that they still have a sponsoring employer after the retailer went into a pre-pack administration on Tuesday.
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News
Workers unaware of auto-enrolment contribution hike
On the go: More than a quarter of workers are unaware of automatic enrolment increases taking effect from Saturday, according to Aviva research.
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NewsEmployers and academics rail against new USS contribution rate
Employers and workers alike have expressed concern over proposed contribution hikes to Britain’s biggest private sector pension scheme, the £63bn Universities Superannuation Scheme.