Pensions
An occupational pension scheme is retirement savings plan provided by an employer for its employees. The defined benefit plan (final salary) used to be the most popular scheme on offer, but now stakeholder, group personal pension, group self invested personal pension, and money purchase (all defined contribution schemes) are becoming more popular; while there is some interest in career average and hybrid pension arrangements. Starting in 2012 UK employers will have to auto enrol all staff into a pension arrangement, or use National Employment Savings Trust (Nest).
Definition of common pension terms
Buyer’s guides & What employers should know about the pension reforms
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News
Babcock International to pay £93m into DB schemes
The engineering firm will pay total cash contributions of £93 million into its defined benefit (DB) pension schemes in 2012/13.
16 May CIPD conference: University of Cambridge to add benefits to encourage staff to work longer
16 May Ceridian UK to launch products for pension reforms
16 May Code of conduct on pension charges to be created
15 May Lloyds Banking Group renews share scheme contract
15 May Pension Corporation research: DB deficit payments could reach £100bn by 2015
Analysis
How will the pension reforms impact on annual management charges?
As the pension reforms approach, employers should seek the best value annual management charges, says Nicola Sullivan
30 Apr News analysis: Pension pools make a splash
30 Apr Get a full view of pension annual management charges
02 Apr Workplace Savings Viewpoint: Debt management
02 Apr Workplace Savings Viewpoint: An exciting journey
Case Studies
Case study: Standard Life give staff the tools to choose
As one of the UK’s best-known retirement income providers, it is no great surprise that Standard Life holds pensions in high regard for its own employees.
02 Apr Oracle promotes personal choice for employees
05 Mar Employer profile: Dairy Crest focuses on total reward
03 Jan Case study: First Group stays on schedule for pension reforms
Research
DCisions research: Higher charges produce better pension fund returns
Paying higher charges for pension investment funds produces a better return for pension scheme members, according to research by DCisions, the consumer insight firm.
15 May Pension Corporation research: DB deficit payments could reach £100bn by 2015
15 May CIPD/Benefex research: A third of employers to increase employee benefits spend in 2012
14 May Canada Life research: Auto-enrolment will offer business opportunities to advisers
03 May MetLife Assurance: Employers take primary responsibility for de-risking pension schemes
02 May EXCLUSIVE: Aviva research: 30% of respondents do not communicate pensions to staff
Sponsor's Articles
08 Aug Nelsons on target for retirement goals following GPP re-launch
01 Aug Oracle completes GPP roll out to remaining employees from Sun Microsystems acquisition
05 May Pensions auto-enrolment: Sponsor's comment: Improving auto-enrolment outcomes
05 May Pensions governance: Sponsor's comment: Be ready for pension changes
24 Mar Institution of Civil Engineers launches group personal pension
