Gender wealth gap tops £100K in the UK
Women on average hold £100,000 less in financial assets than men, according to a study that examined gender wealth disparities in the UK. The research by, Handelsbanken Wealth and...
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DC
Budget 2024: Hunt confirms greater DC pensions scrutiny
Chancellor Jeremy Hunt confirmed there will be greater scrutiny of the performance of defined contribution pension funds in his 2024 Spring Budget speech today. He told MPs in...
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Chancellor halts new employer deals for underperforming pensions
Poorly performing defined contribution pension funds will be blocked from taking on new business from employers, chancellor Jeremy Hunt has announced. The changes are part of a package of...
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DC pensions predicted to deliver higher retirement incomes
Aon’s UK DC tracker has revealed that projected retirement incomes from DC pensions rose over the third quarter of the year, with middle-aged savers seeing the biggest potential gains. However...
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Pensions protection: The importance of good governance
More people than ever are reliant on their workplace pension for a favourable retirement outcome. The introduction of automatic enrolment in 2012 has transformed the pension savings landscape in...
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Monthly pensions contributions to Nest reach £543m
This year, Nest's average monthly contributions have reached £543 million for its members’ pensions, reflecting a major increase from last year’s £477m. Nest manages £29.6 bn for 12 million...
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UK’s retirement income system ranks tenth in global index
The UK’s retirement income system has ranted tenth in a global index comparing 47 countries globally. The Mercer CFA Institute Global Pension Index 2023 revealed Netherlands topped the list,...
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Quarter of employees unaware of workplace pension contributions
One in four people don’t know what contributions are being paid into their workplace pension, new research has found. This number includes those who are unsure about their own...
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Employers could boost staff pensions by 15%, analysis shows
Employers could boost staff benefits by up to 15% by reviewing DC pension arrangements, according to new analysis from Hymans Roberston. Hymans says a review could highlight potential inefficiencies...
Read moreDetailsCAPA data: Performance of default DC pension funds back to normal
Defined contribution default fund pension performance is back to normal in the year to 30 June 2023, with all schemes registering positive returns and those with heavier equity allocations...
Read moreDetailsBENEFITS UNBOXED PODCAST
Benefits Unboxed
The podcast from Benefits Expert, the title for HR, reward and benefits professionals.
Seasoned professionals examine the challenges and innovations in today’s employee benefits, reward and HR sector. Every episode, they will unbox a key issue and unpack what it really means for employers and how they can tackle it.
The regulars are Claire Churchard, editor of Benefits Expert; Carole Goldsmith, HR director at the Royal Horticultural Society, and Steve Herbert, consultant and rewards & benefits veteran.
The US DEI Rollback: What It Means for UK Employers
The US retreat from diversity, equality and inclusion (DEI) is making waves far beyond the country's borders. In the wake of President Trump’s executive order abolishing DEI across federal government departments, global firms like Goldman Sachs and Accenture have rapidly dialled down their own efforts.
The influence is being felt in the UK too. However, the UK operates under a different legal framework. It has stronger workplace protections and a government actively looking to enhance employee rights through its Make Work Pay agenda. But as US firms reposition their approach to DEI, UK subsidiaries could find themselves caught between conflicting priorities.
In the latest Benefits Unboxed podcast, co-hosts Claire Churchard, editor of Benefits Expert, Carole Goldsmith, HR director at the Royal Horticultural Society, and Steve Herbert, industry veteran and reward and benefits consultant, discuss how the US DEI rollback might impact UK businesses.
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