An occupational pension scheme is a retirement savings plan provided by an employer for its employees. The most common plan is the group personal pension (GPP), while other ‘contract-based’ ‘defined contribution’ schemes are the stakeholder and group self invested personal pension (Sipp). Pensions run by a trustee board are the money purchase defined contribution scheme and the once-popular defined benefit plan (such as final salary).
EXCLUSIVE: Aligns financial and physical wellbeing.
Broadcaster did not breach duty of trust.
EXCLUSIVE Avacade Future Solutions research: 37% unsure how they will spend or invest their pension.
Ruled in favour of the pension scheme trustees.
A fall of almost two-thirds.
After review of governance model.
Covers both DB and DC pension schemes
What tax efficiencies does each benefit attract?
A governance policy should be reviewed to ensure it remains relevant.
Employee benefits can create risks for an organisation.
Innovative communications strategies are key for engaging staff in their benefits.
Some 95% of employees investing in default fund.
It helps support good governance of its stakeholder scheme.
Towers Watson research: 69% are unsure how they will respond to changes in April 2016.
Canada Life Group Insurance research: 66% believe they will work past age 65
Pension freedoms could make staff overlook dependants’ pensions.
There is no future for dependents’ pensions.
Modern couples no longer have a need for such schemes.