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UK DC pension schemes down 40% in a decade

Employee Benefits

The UK’s occupational defined contribution (DC) pension market has consolidated by nearly 40% in a decade, data has shown. The Pensions Regulator’s (TPR) 12th annual DC trust report revealed that there were 27,700 DC schemes in December 2021 down from 45,150 in 2011.

Pension 72
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A Return to Prioritizing Retirement Benefits 

HR Professionals Magazine

By Chuck Stinson The McGriff Retirement Benefit Survey, a follow-up to our 2023 National Benefit Trend Survey, provides a comprehensive view of retirement plan trends across a diverse landscape of industries and company sizes. The responses to the defined benefit plan portion of the survey further supports these views.

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Gretna Green accredited as living wage employer

Employee Benefits

The living wage movement has delivered a pay rise to more than 60,000 lower-paid Scottish employees and given them an extra £370 million since 2011, with more than 3,000 living wage employers now based in Scotland. The post Gretna Green accredited as living wage employer appeared first on Employee Benefits.

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DOL – New Electronic Disclosure Guidance for Pension Plans under ERISA

AssuredPartners

Specifically, proposed paragraph (a) provides that the administrator of an employee benefit plan may satisfy §2520.104b-1(b)(1) with respect to covered individuals and covered documents, as described below, by complying with the notice, access, and other requirements of the proposal.

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Practical Considerations for New Pay vs. Performance Disclosure Requirement

Proskauer's Employee Benefits & Executive Compensa

As noted below, SRCs need not include any amount for pension benefits.). For example, in 2011 the SEC issued rules implementing the now familiar “say on pay” and “say on pay frequency” shareholder advisory votes. [2] This calculation excludes the impact of changes to actuarial assumptions ( g.

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The Laws Every HR Manager Needs to Know

Hppy

For example, in 2011, an Illinois employee was awarded $95 million because the employer did not manage the sexual harassment complaint properly. Employment and Employee Benefits Law. HR managers should also be well-versed in the contents in the following acts: Affordable Care Act (ACA) – also known as Obamacare.