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How employees can track down lost pensions and guidance on pension consolidation

Employee Benefits

lost pension pots in the UK, worth around £26.6 billion WEALTH at work explains how employees can track down lost pensions and provides guidance on whether to consolidate The total value of lost pension pots has grown from £19.4 million lost pension pots sitting unclaimed because they’ve been simply lost or forgotten about.

Pension 105
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Epson UK completes £60 million pension buy-in

Employee Benefits

Electronics business Epson UK has completed a £60 million pension buy-in for its Epson UK Pension Scheme. The deal, which was carried out with financial services firm Just Group and scheme trustee Dalriada, secures the benefits of 113 pensioners and 289 deferred members.

Pension 59
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Siemens encourages young staff to start building up pension contributions

Employee Benefits

Global technology organisation Siemens, which employs approximately 7,000 employes in the UK, believes it is important for its younger employees to understand that pension saving is most effective when they start early on. “We also use our internal social platform Yammer to promote pension messages within Siemens.”

Pension 105
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DOL – New Electronic Disclosure Guidance for Pension Plans under ERISA

AssuredPartners

The DOL (US Department of Labor) is proposing in this document a new, additional safe harbor for the use of electronic media by Retirement plans to furnish information to participants and beneficiaries of plans subject to the Employee Retirement Income Security Act of 1974 (ERISA).

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Cushon appoints chief people officer

Employee Benefits

She also spent 15 years at Samsung Electronics UK, rising from HR advisor to head of reward for UK and Ireland. If Cushon’s acquisition of the Creative Pension Trust is approved by the regulator, it will increase the fintech’s customer base to over 400,000 and the value of the assets under its management to £1.7

Pension 105
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IRS Proposed Regulations Would Permanently Allow Remote Witnessing of Spousal Consent

Proskauer's Employee Benefits & Executive Compensa

Whether remote notarization is witnessed by a notary or a plan representative, the consenting spouse’s signature must be witnessed using live audio-video technology, and the electronic process must comply with the general rules regarding electronic elections: The electronic system allows for effective access.

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UK payslip and pension changes coming in April 2019

cipHR

If your finance and HR teams aren’t prepared yet for changes to payslip requirements, minimum pension contributions, and national minimum wage (NMW) increases that are effective from April 2019, then time is running out to implement the necessary modifications. Pension contributions. What’s changing? Wage rises. per hour.

Pension 45