All Contributions articles – Page 21
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News
Talks fail to head off USS strikes
On the go: University employers have stated they are unwilling to meet the demands of a trade union ahead of strikes over the Universities Superannuation Scheme beginning this week.
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NewsUniversity strikes announced as talks fail to placate union
Staff at 52 UK universities are to strike over pensions for 14 days during February and March, despite recent talks between employers, trade unionists and the trustees of the Universities Superannuation Scheme.
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News
Train operators' legal battle with government kicks off
On the go: Train operators will argue that the government has unfairly excluded them from rail contracts over its stance on pensions, in a High Court case that begins on Monday.
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News
Govt urged to scrap tax relief on minimum AE contributions
On the go: Former pensions minister Baroness Ros Altmann suggested the government could make the legal minimum auto-enrolment contributions compulsory and remove tax relief from this amount.
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News
Pension cuts for FTSE directors moving at snail’s pace
Data crunch: Despite 30 FTSE 100 companies having already announced changes to their pension contribution rates for executive directors, there is still a long wait to go until there is parity in contributions between bosses and their workers, experts warn
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News
USS expert panel calls for dual discount rate in 2020 valuation
The Universities Superannuation Scheme Joint Expert Panel, set up to review the valuation of the scheme, is calling for a “dual discount rate approach” to the 2020 valuation, aimed at distinguishing between past and future accrual.
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News
USS urged to consider expert report in next valuation
UK universities and staff have called for the UK’s biggest pension fund to ensure its 2020 valuation process fully considers a forthcoming report from an independent panel of experts.
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News
Digital bank teams up with Smart Pension for auto-enrolment solution
On the go: Revolut and Smart Pension have teamed up to offer a retirement savings solution for the digital bank’s business customers.
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NewsAlmost 200 schools leaving Teachers’ Pension Scheme
More than one in 10 private schools participating in the Teachers’ Pension Scheme are leaving the pension fund, with the majority opting for a defined contribution arrangement to avoid a massive increase in contributions.
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SNP vows to end executive pay pensions gap
On the go: The Scottish National Party will support moves to ensure executive pension contributions are the same as for all workers.
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Lloyds to cut chief executive pensions allowance
On the go: Lloyds Banking Group is planning to cut the pensions allowance of its chief executive by more than £220,000, while increasing contributions to its staff.
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University employers write to staff ahead of strikes
Representatives of the UK’s universities have written an open letter to staff asking them to reconsider strikes over issues including pensions, planned to begin next week.
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NewsPlumbers call for trustee chair to resign over pensions debacle
An action group is calling for the resignation of Alan Pickering CBE as chairman of the Plumbing and Mechanical Services Industry Pension Scheme.
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News
Regulator’s AE report: Work still to do despite policy success
A transformation in levels of workplace pension scheme participation following automatic enrolment has been applauded by experts, but engagement and average contributions remain low.
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FeaturesExperian staff up contributions following education programme
Credit score provider Experian has rolled out a pensions education programme for its staff, leading to 29 per cent of employees increasing pension contributions and 70 per cent asking for further guidance.
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Features
‘Powerless’ employees see AE minimums as recommendations
Data Crunch: Pension savers wrongly think minimum contribution levels required under automatic enrolment are the government’s recommendation for how much to save, research has revealed.
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OpinionRegulator still sparing AE breach employers’ blushes
When it comes to bad bosses not doing the right thing by their staff, the Pension Regulator likes to talk tough.
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News
Arcadia CVAs approved
On the go: Arcadia Group, the struggling fashion empire controlled by Sir Philip Green, can move forward with its restructuring plans after a challenge from US landlords was withdrawn.
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News
USS recovery plan talks begin after employers fail to head off strike threat
On the go: The trustee of the Universities Superannuation Scheme has issued a series of consultation documents in a bid to commence agreements with employers on a suitable recovery plan and contribution rates for the scheme.
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Huge gulf in UK workplace pension provision by sector
On the go: Pension provision and employer contributions vary wildly across UK employment sectors, with the financial services at the top and agriculture, forestry and fishing propping up the bottom of the tables.