All Contributions articles – Page 28
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NewsSiemens issues resolution to prevent trapped surplus
Siemens, one of the world's largest electrical companies, is allowing its defined benefit scheme to make payments to the sponsoring employer, as schemes scramble to maintain their ability to prevent trapped surplus.
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News
What to do if your DC sponsor goes bust
Defined contribution trustees must respond quickly when scheme sponsors go into administration, particularly in scenarios where financial distress has delayed payment of contributions into the safe haven of a scheme.
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Features
How UK plc is responding to the challenges of an ageing workforce
Data Analysis: UK employers are waking up to the reality of increasing longevity but government, the pensions industry and individuals need to redouble their efforts in order to combat the financial risks it poses.
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Opinion
How DB schemes can offset end of contracting-out costs
The end of contracting out means extra costs for defined benefit sponsors and members. CMS Cameron McKenna’s Johanna Clarke and Keith Webster reveal how employers can ease some of the pain.
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News
Ageing workforce requires greater flexibility from employers
NAPF 2015: Long-term care is the "elephant in the room", delegates heard today, with policy, education and flexibility to play critical roles in employers' ability to support extended working lives.
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News'Pointless' legislation risks trapped surpluses if schemes fail to act
Defined benefit scheme trustees must pass a resolution ahead of April 2016 if they wish to retain their current power to repay surpluses to their employer sponsors.
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Features
Actuaries up the ante on auto-enrolment contribution levels
News Analysis: The government should continue to phase up minimum auto-enrolment contributions beyond 2018 to hit an aggregate 16 per cent, actuaries have said, as part of a longer-term roadmap to build on the policy’s success.
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News
VWV boosts membership 13% through DC and savings platform
Law firm Veale Wasbrough Vizards increased both staff contributions and active membership of its pension fund after a scheme overhaul allowed members to view their Isas and investments alongside their pensions.
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Opinion
Webb: Why widening the AE net risks its delicate consensus
From the blog: There is currently a logical fallacy in the pensions world that runs like this: First, pensions are a Good Thing. Second, millions of people are excluded from auto-enrolment.
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OpinionMany happy returns
Editorial: Happy birthday China. The people’s republic is 66 this week. It is celebrating with a suitably extravagant garland of floral sculptures including trains, rockets, castles, satellites and even skiers – a nod to the country being awarded the 2022 Winter Olympics.
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Opinion
Nanny state necessary? What the ONS data says on the need to nudge
From the blog: Every morning and evening, I have to convince my three-year-old to brush her teeth. I try to make it as fun as possible, but really we both know it’s not a fun task – for either of us – it’s just something that has to be done.
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News
Employers need government support to lead on engagement
Workers yearn for employer guidance on pensions but still lack understanding, leading some experts to call for the government and pensions industry to help employers use their influential position to promote saving.
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FeaturesMorrisons delivers £150m property assets to secure scheme funding
Supermarket chain Morrisons has transferred a further £150m worth of property into an asset-backed funding vehicle in a bid to improve security for its pension scheme.
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OpinionSomething's gotta give…
Editorial: At least that’s the message from UK plc, which is sounding off about the detrimental impact of the living wage coming into force next April.
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News
Minimum wage hike threatens employer contributions
Pension provision could suffer under the higher minimum wage being introduced next year as employer industry bodies say companies are looking at the wider rewards package in an attempt to claw back costs.
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FeaturesDB closures 'storing up issues' for DC
News Analysis: The closure of defined benefit pension schemes may alleviate a significant financial burden, but experts have urged employers to think carefully about the long-term impact of the replacement arrangements chosen for affected employees.
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News
Three graphics on how DB strategies pose risk to employer growth
Data analysis: Many large FTSE 350 defined benefit schemes are taking "a surprisingly high level of risk" in their investment strategies in spite of the Pensions Regulator's increased focus on sustainable growth, a recent report has warned.
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Opinion
More savers, less saving: latest on auto-enrolment
From the blog: Participation in UK workplace pensions has risen over the last decade, with auto-enrolment offsetting a downward trend since its introduction in 2012. However, the flood of new members has also served to dilute contributions in private sector schemes.
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News
Proactive SMEs could still face auto-enrolment compliance headwinds
Marketing and communication consultancy JPES Partners is ahead of the wider SME curve in providing a pension scheme to its employees but work remains to ensure auto-enrolment compliance ahead of the company’s staging date.
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News
Charity on board with AE early-mover advantages
A micro employer has set up a non-contributory auto-enrolment plan three years ahead of its staging date, as the Pensions Regulator steps up support for smaller businesses seeking a provider.