Employee Benefits
JANUARY 22, 2024
To meet Gen Z’s needs, your organisation must promote the importance of a work-life balance from the beginning of the employee journey. Pensions and Future Planning Contrary to stereotypes, Gen Z actually places significant importance on pension benefits for future planning.
Employee Benefits
MARCH 4, 2024
The lifetime allowance (LTA) is the total value an individual can build up in their combined pension savings without incurring a tax charge: for most people in the tax year 2023/24 this is £1,073,100. The post What do employers need to know about the pensions lifetime allowance abolition? appeared first on Employee Benefits.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Proskauer's Employee Benefits & Executive Compensa
JANUARY 27, 2023
2023 WL 186800 (E.D. 13, 2023), the court granted a motion to dismiss a pension plan participant’s claim that the plan was equitably estopped from recouping overpaid plan benefits. In Kanefsky v. Ford Motor Co. 22-cv-2259, 10548 U.S. per month. App’x 588 (6th Cir.
Employee Benefits
MARCH 7, 2024
A total of 25,000 employees out of 32,000 across the UK will receive a bonus in their pay packets at the end of March as a result of a 27% increase in profit to £188 million. The bakery chain also implemented an 8% overall wage and salary inflation in 2023 and expects to make around an increase of around 9.5%
Employee Benefits
MARCH 4, 2024
The lifetime allowance (LTA) is one of those subjects referenced in lots of pension literature , and yet, it only affects a minority of people. With this in mind, imagine the ‘ooohs’ and ‘ahhhhs’ when one of the rabbits out of the 2023 Spring Budget hat was the announcement to make the LTA disappear.
Proskauer's Employee Benefits & Executive Compensa
FEBRUARY 13, 2023
As previously discussed , the Pension Benefit Guaranty Corporation (the “PBGC”) issued final regulations in July 2022 for plans that receive special financial assistance (“SFA”) under the American Rescue Plan Act of 2021 (“ARPA”). Although the regulations were “final,” the PBGC invited comments on the phase-in rule in particular.
Employee Benefits
JANUARY 17, 2024
Pots for life may not completely end the employer’s role in choosing a pension provider, especially if a large scheme offers favourable terms and investment strategy. The pension pots-for-life plan, announced in 2023’s Autumn Statement by Chancellor of the Exchequer Jeremy Hunt, would turn the current pensions system on its head.
Expert insights. Personalized for you.
115 
Let's personalize your content