Employers may be wasting money on reward strategies by not communicating to staff the total value of their package.
Research from the Chartered Institute of Personnel and Development (CIPD) found that less than a fifth of companies provide total reward statements, while the majority do...
Only 43 per cent of employees who currently do not have a pension would remain in a scheme once they were automatically enrolled.
The findings from Aviva highlighted the challenges of getting workers to save for their retirement and demonstrated that opt-out rates could be...
The financial education agenda is gaining pace, especially with the upcoming implementation of auto-enrolment. Pay & Benefits gathered together industry insiders to discuss the topic.
In these tough economic times, when people up and down the country are struggling to make ends meet, it is arguably more important than ever for employers to offer their staff support in the form of financial education at work.
Now is also the time employees need to start rethinking...
Changes to salary sacrifice are being made as a consequence of auto-enrolment, which will prevent scheme users from being left out of pocket.
HM Revenue & Customs has confirmed that employees will not be held to the arrangement if they decide to opt out of the pension. They will...
Scotland’s offshore industry is facing a multi-million pound bill to pay for auto-enrolment after the Government decided to include these workers.
Oil, gas and shipping companies may have to spend up to £7 million per year to automatically enrol workers into a pension...
The Treasury will fight against European Union plans to introduce measures which will make pensions more expensive.
In a letter to lenders, Finance Secretary, Mark Hoban, made assurances that the Government would oppose Solvency II type rules which were designed for the...
Businesses are being given the opportunity to bring forward their auto-enrolment staging dates to suit their needs.
The Pensions Regulator (TPR) has published details of alternative timescales for employers, offering those scheduled to start the process in October and November...
Plans for private sector workers to have guaranteed pension pots have been proposed by Steve Webb.
The Pensions Minister wants employers to offer an alternative to the final salary arrangement, which has now largely been discarded in favour of defined contribution schemes....
The Government is being urged to lift two key restrictions on the operation of the National Employment Savings Trust (NEST).
A Work and Pensions Select Committee report wants to make it easier for employers to choose the default option over others for auto-enrolment.
The...
Auto-enrolment is a “ticking time bomb” for many, according to Ceridian.
The software provider is concerned that companies are using “band aid” measures to prepare their systems for the changes to pension regulation.
From October 2012 employers will...
The Pensions Regulator (TPR) has published its approach to auto-enrolment in order to maximise employer compliance.
TPR has set out how it aims to ensure that organisations undertake the pension provisions. It has also explained how it will encourage safe, durable and good-value...
In excess of one million women on low wages could suffer as a result of the new auto-enrolment threshold, the Trades Union Congress (TUC) has claimed.
The TUC believes that aligning the rates for the forthcoming pension regulations with those for Pay As You Earn (PAYE) and National...
Have your say - your views are important
Outsourcing and the potential use of TUPE
I have just read your article “An opportunity to explore” which discusses outsourcing the payroll function. I was disappointed to read the paragraph on losing key individuals, which discussed what happens if a payroll role becomes “...
More than two-thirds of employers intend to use their existing defined contribution (DC) scheme for auto-enrolment.
Research from Towers Watson shows that the National Employment Savings Trust (NEST) has been largely sidelined as an option for the new legislation, increasing...
Confidence in pensions falls as a third of employees say they will opt out of auto-enrolment, according to the National Association of Pension Funds (NAPF).
Research carried out by the Association found that a lack of trust in the industry may be the main cause of opt-outs. A...
