All Contributions articles – Page 30
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Opinion
Reckless conservatism: Why it blights young people’s DC pots
In the latest edition of Informed Comment, Towers Watson’s Chris Smith argues that younger people should be taking more risk earlier on in their savings journey, but not through a traditional lifestyle framework.
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Opinion
When AE equals a B – the UK's pensions system ranked
Auto-enrolment has pushed the rating of the UK’s public and private pensions up the ranking of the world’s best pension systems, but greater participation or contributions are needed to reach the level of Australia or even Chile.
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Features
Hyde Group uses employees to design flex bens
Housing provider Hyde Group has set up a flexible, employee-designed system for scheme members to access their benefits, in a drive to retain and attract talent.
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News
Employers face increased pension loss payouts after NHS case
Employers may be liable to pay increased compensation relating to pension loss to employees dismissed unfairly, lawyers have warned, after a tribunal appeal found an earlier decision had miscalculated the sum owed to an NHS scheme member.
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News
What the ONS data tell us about contribution habits
Official data have shown employers with between 1,000 and 4,999 employees on average contribute more to their defined contribution schemes than their larger and smaller counterparts, as industry experts call for increased contributions.
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News
How the PPI's answers to the adequacy question stack up
The Pensions Policy Institute has said higher statutory contribution levels for median-higher earners and more contribution-matching could improve retirement outcomes, but has received a mixed response including warnings of unintended consequences.
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Features
Xerox to protect repayment power amid legal uncertainty
Xerox Final Salary Pension Scheme is planning a resolution allowing it to continue to make repayments to its sponsor, but legal experts are split on whether such a move is necessary or will even be effective.
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Opinion
Do you need an app for that? Three magic ingredients of a staff savings campaign
Like Minds’ Trevor Rutter lays out the essentials of messaging that will drive staff to save more into their workplace pension, in the latest edition of Technical Comment.
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Features
Dixons Carphone uses restaurant discounts to win 80% sign-up for online portal
Electronics retailer Dixons Carphone has seen close to 80 per cent of employees log in to its new benefits portal since it was launched in June, after it offered members incentives in a bid to drive engagement.
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FeaturesRBS reviews recovery plan as interest rates hurt funding level
The Royal Bank of Scotland has extended its pension fund recovery plan and increased contributions following a slip in the funding level.
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Features
Vodafone scheme completes CWW merger with £325m employer payment
Vodafone has contributed £325m to its defined benefit scheme as it completes the transfer of the Cable & Wireless Worldwide Retirement Plan, after purchasing the rival telecoms company in 2012.
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News
BBC plan sees slight deficit improvement as contributions bed in
The BBC has seen a small improvement in its accounting pension deficit as it embarks upon a 12-year plan of additional contributions to boost its scheme funding.
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News
Civil service employers face increased contributions after discount rate cut
Participating employers of the Principal Civil Service Pension Scheme will face an increase in their pension costs, due to a reduced discount rate, following government efforts to control public spending.
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Features
Imperial Tobacco ups employer contributions after funding drop
Imperial Tobacco has increased contributions to its UK defined benefit scheme to boost its winding-up funding level, which has dropped by 12 percentage points, according to its latest valuation.
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NewsPearson scheme reaches full funding due to increased employer contributions
The defined benefit section of the Pearson Group Pension Plan has reached close to 100 per cent funding less than 18 months after agreeing a reduction in the length of its recovery plan.
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FeaturesSiemens shrinks deficit with asset-backed funding deal
Engineering and electronics company Siemens has set up a Scottish limited partnership for its UK defined benefit scheme to provide additional security for members, shutting a large part of its deficit and stabilising the company’s cash flow.
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News
Collective schemes to be enforced by valuation and reporting framework
Collective schemes – which pool members’ assets and risk – will have to comply with new valuation and reporting requirements, under initial proposals outlined yesterday in the Queen’s Speech.
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Features
Mercer parent shuts DB scheme to equalise benefits
Marsh & McLennan Companies, the US-based parent of global consultancy Mercer, has decided to close its UK defined benefit scheme to future accrual in a stated attempt to create a level playing field between employees.
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NewsPharma company sees tenth of staff up contributions after face-to-face comms
Pharmaceutical company Bayer has seen increased engagement from employees towards pension saving after a communication campaign relying heavily on face-to-face interaction.
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News
University calls for greater employer control within LGPS
The University of East London has called for a greater say in the running of the Barking & Dagenham Pension Fund, as it says funding the scheme has become a growing financial burden.