In the year that millions will start saving for their retirement for the first time, research by Nest shows that very few people think pensions are ‘straightforward’ (6%), ‘easy to understand’ (4%), ‘simple’ (3%), ‘interesting’ (5%) or ‘engaging...
More than one in five workers is turning down “free money”, according to Zurich research into take-up of company pensions. The research shows that 22% of people working for companies providing pensions do not take them up, a further 14% are not aware of them, and 8% are not sure...
Nearly 40% of members of final salary pension schemes are reluctant to move to a new job for fear of damaging their retirement savings, research from pensions risk transfer provider MetLife Assurance shows.
The concern about the adverse impact of changing jobs on final salary schemes is shared...
For years they have been perceived by outsiders as boring industries – yet a career in pensions and insurance is likely to land you the best colleagues around, a new survey has revealed.
The poll, by insider review site TheJobCrowd.com, asked hundreds of young professionals from a...
Standard Life’s recently launched new employee benefits portal, Lifelens, has already attracted big names, including IBM and Standard Chartered Bank (a client of Mercer). A further 10 blue chip names are expected to join the platform over the next 12 months with Standard Life itself using...
Government consultation on proposals to reshape the current system of parental leave
In its Coalition agreement the government made a commitment to encourage shared parental leave and to extend flexible working. In January 2011 the government confirmed that it would soon be consulting on proposals to reshape the current system of parental leave. The consultation will also...
The government will scrap the default retirement age (DRA) from 6 April 2011. Between 6 April and 1 October, only those people who were told before 6 April and who are due to retire before 1 October can be compulsorily retired under the DRA rules. From 1 October employers cannot use DRA to force...
Many UK companies have not reviewed their pension arrangements for internationally mobile employees (IMEs) since before 6 April 2006 even though that the single tax regime introduced significant changes to UK rules for expat pension arrangements as well as domestic plans.
Following the...
A third of people with a workplace pension do not know how much their employer is paying into it, research published today shows.
The Attitudes to Pensions survey, conducted on behalf of the Department for Work and Pensions (DWP), suggests that people have a lack of knowledge about their...
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Star movers
IoA elects first woman president
Jane Curtis was elected president-elect of the Institute of Actuaries (IoA) on Monday 15 February 2010, the first woman to hold the post.
Jane, a Fellow of the IoA since 1987, is a managing principal with Hewitt, the company she has...
