The Inspectors are Coming!
Since the beginning of Workplace Pension Reforms and Automatic Enrolment back in 2012, the Pensions Regulator (TPR) has had the ability to carry out inspections on employers to ensure that they are complying with their duties. Before Covid, inspections by TPR tended to focus on employers that were failing to make correct pension contributions for […]
How do you solve a problem like the Pension Dashboards?
2012 was a massive year for the Workplace Pension landscape as this was the year that Automatic Enrolment commenced meaning employers would not only have to establish a suitable pension for their workforce but also pay into it alongside their employees. The employers with the biggest headcounts had to comply first and then over time, […]
International Women’s Day – Why just one day and what did we learn?
International Women’s Day was a global day celebrating the social, economic, cultural, and political achievements of women. Many facts and figures were issued on this day, but they apply to women all year round. Here are some highlights looking specifically at some financial implications for women. Pensions It was published in January 2022 by the […]
Financial Wellbeing affecting job performance
Recent research by financial platform Mintago who polled a total of 436 people in the UK who were all employed full time and between the ages of 18-34, confirmed a third believed their job performance is being harmed by financial concerns whereas only 9% of employees aged 55 and up shared this sentiment. The survey […]
Don’t let the Default be the Default
Most members of a Workplace Pension will rely on other people, normally their employer and possibly trustees to make important decisions around their workplace pension and specifically around the fund where their contributions are invested, namely the Default Fund. Despite the best efforts of an employer to promote the benefits to a member to review […]
How to beat the New Year Blues
January and February can be tough months for many of us. There are lots of reasons why you might feel a little ‘blue’ during the first few calendar months. Money worries following overspending after the festive break (and that long wait until pay day!), the cold weather, getting back to reality following the break over […]
Finance Bill confirms minimum pension age rise
The recently published Finance Bill confirmed an increase in the minimum pension age to 57 from April 2028. However there could be changes between the Finance Bill becoming the Finance Act. Individuals do not have the ability to protect a retirement age of 55. However schemes that had the right to take benefits at 55 in their […]
Companies that support wellbeing outperform others
FTSE companies that support their staff’s wellbeing, outperform their competitors by 10%, so it makes good business sense to look after staff. When employees are looked after well by a company, they’re more likely to stay, it’s easier to recruit good people, they’re engaged, more productive, and all in all it makes for a happier […]
How employers can strengthen relationships with employees in a post-Coronavirus world
Our friends at MetLife have recently conducted some research amongst employers and employees to understand any gaps in expectations between the two in a post Covid 19 world. The research conducted has flagged some very interesting issues that employers need to consider in a post Covid world, the first being around the relationship between employers […]
Staff have reviewed the value of their Employee Benefits due to Covid-19. Have you, as an Employer reviewed what you offer your Employees?
According to recent research1, 46% of employees say that the Covid 19 (Coronavirus) pandemic has made them review the value of the benefits their employer offers when deciding to stay with or join a new employer. The research also found that 33% of employees want their employer to prioritise health over lifestyle benefits. In addition, […]
