Cost of living drives employees out of workplace pension
The cost of living is driving people out of their workplace pension, with more than a quarter (26%) of large employers in the UK reporting an increase in the...
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Pensions
Making space boosts employee pay by 10%
Making Space has increased employees’ pay packets by 10% as part of its commitment to give workers the real living wage. The adult health and social care charity, which...
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DC pensions roundtable: Challenging times for workplace pensions
Understanding investments and keeping employees financially focused on their workplace pensions are among the ongoing challenges for today’s employers. Benefits Expert gathered together industry experts to discuss the key...
Read moreDetailsThree in four don’t know amount in pension pot
Three in four (75%) people in the UK don’t know how much they have saved in their pension pot, new research has highlighted. The analysis by Standard Life discovered...
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Royal Mail authorised as UK’s first CDC scheme
The Pensions Regulator (TPR) has authorised the Royal Mail Collective Pension Plan, the first collective defined contribution (CDC) pension scheme in the UK. The Pension Schemes Act 2021 established...
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Financially vulnerable could stop workplace pension contributions, warns Outra
Financially vulnerable employees under 40 could stop contributing to their workplace pensions, potentially leading to a “pensions time bomb” of almost £4 billion, Outra has warned. The data science...
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Part-timers could face £119,000 pension penalty
Part-time workers could face a pension penalty of up to £119,000, a new analysis has revealed. The study carried out by Standard Life found that full-time employees earning £25,000...
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Two in three women in their 50s unaware of pension savings
Two-thirds of women aged between 50 and 59 admit that they are unsure of their retirement savings balance, according to new research from TPT Retirement Solutions. Around 51% of males...
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State pension could rise to 69
The DWP has confirmed that it will not legislate to increase the state pension age more quickly than the current increases to 67 by 2028 and 68 by 2046, but...
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TPR publishes EDI guidelines for employers
The Pensions Regulator (TPR) has published equality, diversity and inclusion (ED&I) guidelines for employers, trustees and Independent Governance Committees. The regulator says it hopes the will be used by...
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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