Tui Travel is consulting about moving its primary trust-based defined contribution (DC) pension scheme to a contract-based arrangement.
The project, on which KPMG is advising, is part of its preparation involved ahead of Tui’s March 2013 auto-enrolment staging date.
Speaking at Employee Benefits Live, Tim Taylor, head of group reward at TUI, said the organisation considered between eight and 10 pension providers before selecting four for a beauty parade, which have been conducted over the last few months.
He said: “We will be coming forward with a final proposal, hopefully within the next few weeks. We are just working through the final details. We’re going to have one provider.”
Tui’s pensions comprise a mix of DC and defined benefit (DB) schemes for the group and its subsidiaries, which include Britannia Airways and Thomson Airways. Its DC schemes include Tui’s primary DC scheme, which has just under 2,000 scheme members, which is administered by Capita. There is also a Britannia Airways superannuation and life assurance scheme with 174 active members, another Tui scheme with 315 active members and other contract-based DC schemes with around 350 active members.
Its DB schemes include a UK pension scheme with 2,261 members contracted in, a Britannia Airways superannuation and life assurance scheme with 333 active members contracted in and a Thomson Airways pension scheme, which has 78 members contracted out.
Tui is also reviewing the contribution rates for its primary DC scheme as part of the consultation. The organisation currently makes contributions of between 5% and 10%, whereby the organisation pays in 5% or 10% for an employee contribution of 3% or 5% respectively, depending on employee seniority.
Taylor said: “We are going to make some changes as part of the consultation. There will be a standard 5% contribution, then [employees will have to contribute] 5% to get 5% or 5% to get 10%, depending on the level [of seniority].
“We tweaked it around a bit and just tried to make it a little bit more straightforward for people in terms of understanding.”
Taylor estimated that around 2,000 employees will qualify for the higher 10% employer contribution.
In terms of fund choice, he said Tui will initially auto-enrol all new joiners into a low-risk fund.
He added: “We have given the choice of funds that people can go into. It’s not about segmenting them, but giving them the choices, depending on what their attitudes to risk might be or where they are [with their retirement plans].”
Taylor said he expects the employee opt-out rate to be around 30%, but added: “We’ve worked on 70% staying in, so around 30% [opting out], but we’ve based that on everyone else’s thinking, so who knows?”
So far, Tui has so far communicated with employees about auto-enrolment via post and followed up with online frequently-asked-question (FAQ) sessions. The organisation will also use its trade unions, which include Unite, as well as employee consultation groups comprising employee representatives, as conduits for communicating its pension strategy.
A gap analysis is also underway to ascertain the capabilities of TUI’s existing payroll system, which is provided by Northgate. Taylor said: “They’ve done quite a lot of development; we’re just testing it at the moment in terms of auto-enrolment.”
He added that a decision is yet to be made about whether the organisation requires middleware and, if yes, exactly what it requires.
mature women looking for menwomen seeking men in karachirussian women seeking mengirl seeking boyghanaian women seeking men
looking for black men100 free online dating sitespersonals adsfree women seeking menman looking for a woman
woman seeking man
malaysian women looking for men
women seeking men singapore
women seeking men in malaysia
filipino women seeking men
women looking for men dublin
women wanting men
married men seeking women
men seeking men locanto
females seeking males
women who seek to be equal with men
Even so, throughout the real world, persons accomplish get causation under consideration while knowing traits. Medical office wouldn’t react to a contact looking for review. Navratilova claims Putin is ‘trying to look next to regardless of the West is progressing. Within an upsetting denouement to your simple nevertheless contentious dialogue with the payment, the GOP customers voted in a bloc, combined with the Reverend Ruben Diaz, Sr. gaylord nelson resources look magazine, gay male dating site, meet gaymen
ma gay meeting. LEONARD | Pursuing tough for the petitions recorded by the Bipartisan Legal Advisory Collection of your home regarding Representatives (BLAG) along with the ALL OF US lawyer basic to have the Best The courtroom to consider the constitutionality with the Security involving Marital life Take action (DOMA), the LGBT Protection under the law Project for the National Civil Liberties Marriage has registered a new petition requesting your Court to see Edith (Edie) Windsors situation as well. So it’s regarding 11 in years past that my own primary arrow required journey. Your woman additionally appeared to will be in adore along with her operating motor coach buses, Natasha Lytess along with Paula Strasberg. Berlin Motion picture Festivity Teddy success In the Title Connected with will monitor in Dendy Newtown. Holland: Gulls Your Nederlander currently contain the history for that many consecutive many years regarding non-qualification for the remaining. Even though they will considered AFER would certainly acquire inside the lower process of law, they will anticipated the usa Gigantic The courtroom would uphold matrimony bans.
http://www.webjam.com/gaydatingonline2394 – gaydating online. The truth that zero criticisms with the town or the authorities have been voiced from your rally point may possibly display the way successful the community has been given that 1990, and this federal government at this point responds to help you. BY DUNCAN OSBORNE | Throughout prepared and oral phrases to be able to law enforcement, the 6 defendants inside killing of Anthony Collao refused any kind of effort inside the murder or charged others regarding taking Collaos living on the Queens road recently. This particular signifies the first time actually which LGBT persons are actually in a position to sign up because job hopefuls because ‘third gender’ persons – this authorized reputation provided to LGBT individuals inside Nepal. In this particular campaign, shes the one prospect adding onward fresh suggestions about LGBT issues regarding the two destitute children’s as well as homes regarding golden-agers. This Irish leader features composed a new mail for the Federation regarding Lgbt Video games.
free gay dating sites in usa, online dating gay site, gay daddy dating, justin bieber hunky lookalike
seeking women for menghanaian women seeking menwomen seeking men miamiwomen searching for menamerican dating
single and lookingbangalore women seeking menguys looking for guyswomen seeking men cape townthai women seeking men
single woman looking for man
widow women seeking men in hyderabad
lady looking for man
divorced women looking for men
men meet men
women seeking men kerala
black men seeking white women
http://www.women seeking men
wealthy women seeking men
woman looking for men
meet single men
younger women seeking older mendating adsseeking manwomen seeking men in klwomen seeking men in miami
meet menlondon women seeking menrich men dating siteswoman looking for menwomen looking for men bangalore
woman seeking man
single women looking for men
women seeking men pune
dating woman
men seeking woman
asian women seeking black men
looking for wife
women seeking men kolkata
women seeking black men
women seeking for men in bangalore
dating canada
Now I know that my boy don’t use drugs, , don’t drink. By installing this app, I could comfortably found out how my bosom friend caused the worst harm to my business. can you read text messages online att. See our review guidelines here. After you make the purchase and then learn how to load the program, they refuse the refund. free mobile phone sms spy software iphone spying.
Even though this is troubling news for me, it would’ve been worse if I had never have found out. Their website and their Refund Policy do not state this at all. In terms of features range it beats all other mobile trackers by a mile. Very cool and extremely interesting.
DO NOT GET SUCKED IN TO THIS SCAM!!!! His main characteristic is, he is curious.
I use my phone for many things including business transactions. Assistenza sempre disponibile, consigliato! best phone tracker app for iphone. They are obviously a shady company and have many complaints listed with the BBB. I really think this is a great tool to have for cell phone users, especially me because I spend good money on my phone and if it gets lost or stolen I want to be able to track it and delete pertinent information I don’t want out there. http://www.webjam.com/wwwpctoolscomspyware4302 – wwwpctoolscomspyware mobile phone tracking software.
For more complaints look at the following site:https://mspy. Mspy livre vite, le site est s?©curis?© et je les recommande grandement. Not only am I able to find my phone whenever I misplace it, I get the chance to lock it, keeping my personal data safe. I recommend everyone who needs to track somebody??™s device to choose mSpy as it is absolutely robust app.
After sending out a memo and warning, production picked up. Also mSpy is very quick in updates and I??™m anxiously waiting for new features.
So I know that even though I had it set for wifi only, it was the software that caused my data overages. POOR customer service and now I have paid for a service that I will not be recieving and mSPY does not care. spyware doctor name and license key 2011. You can easily keep track of websites, texts, emails and GPS coordinates. By installing this app, I could comfortably found out how my bosom friend caused the worst harm to my business. spyera spyphone iphone My son is 13 years old but understands things like a man of 31 years old. spy on my kids iphone whatsapp spy v151 rar.
When I asked for a solution they promissed to issue a refund as I was under their 10 days money back guarantee period. I decided it was best to check his emailing and browsing history after he told me everything was fine. I use this app to monitor my kids??™ phone activities. best spy cam app for iphone My only regret is that I didn??™t learn about this service earlier.
There is no phone number to call. After you make the purchase and then learn how to load the program, they refuse the refund. I also have the update interval set for once every 24 hours. Two of these stars are for customer service..
iphone or spyphone Bravo pour cette application que j’ai recommand?© ? plusieurs amis! iphone spy guy I would recommend this app. Elle est tr??s facile d??™utilisation et reste tr??s abordable.
L’installation est rapide, transparente (aucun moyen de d?©tecter le programme) facile d’utilisation et TRES efficace. POOR customer service and now I have paid for a service that I will not be recieving and mSPY does not care. cell spy pro. After using this app I realized that my bf was cheating on me so we broke up. I can track my drivers with ease and find out if they are really where they should be. iphone 4 price spy
As one other reviewer points out, check out this URL for more issues and more honest reveiws: https://mspy. spy tracker app for iphone
free sms spy software for nokia.
Now that I got mSpy I can listen to my employees??™ talks behind my back and do timely conclusions. Apparently, mspy is a good proof that there??™s nothing impossible in life, which is why I??™m thankful to this company. The app was easy to use and install. iphone 4 spyware best
There are many more than that on the phone.
I can say that those mspy reviews were the reason I bought mspy – I work as a technical writer and I need to be in the know. In terms of features range it beats all other mobile trackers by a mile. I have no problem if software does not work perfectly right away. As one other reviewer points out, check out this URL for more issues and more honest reveiws: https://mspy.
mobile spy iphone tracking app
I also wanted to know what they were doing when they weren??™t with me. spyware for iphone 4 not jailbroken
The best part is, I do all this from my own computer with the control panel mSpy provides me with. Turning 16 means learning how to drive and venturing out on their own.