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Paul Maynard named new pensions minister

Employee Benefits

Paul Maynard, Conservative MP for Blackpool North and Cleveleys, has been appointed pensions minister at the Department for Work and Pensions (DWP). The former pensions minister, Laura Trott, has been promoted to the role of chief secretary to the treasury.

Pension 59
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British Red Cross completes £30 million pensions buy-out

Employee Benefits

Credit: Tony Baggett / Shutterstock.com British Red Cross has completed a £30 million buy-out deal for its pension fund and the British Red Cross Society’s Scottish branch retirement benefits scheme. Aviva has been a valued supporter of the British Red Cross since 2016.

Pension 64
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What do employers need to know about the pensions lifetime allowance abolition?

Employee Benefits

Credit: Natata/Shutterstock Need to know: The abolition of the pensions lifetime allowance in April will require an overhaul of employee communications, and a revaluation of pension scheme design and administration, including opportunities to simplify the scheme and reduce the cost of running it.

Pension 59
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Laura Trott appointed minister for pensions

Employee Benefits

Prime Minister Rishi Sunak has appointed Laura Trott MBE as minister for pensions, after predecessor Alex Burghart officially held the role for less than one month. Trott was appointed on 27 October, and the Department for Work and Pensions (DWP) made the announcement on 7 November via its official Twitter account.

Pension 59
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District Court Rejects Participant’s Attempt to Stop Plan From Recouping Overpayments

Proskauer's Employee Benefits & Executive Compensa

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. Upon termination of his employment, the participant requested and received from the plan a disclosure estimating that his pension would be $6,225.24 Detroit Edison Co. &

Pension 111
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Top 7 Employee Benefits and Incentives

Employee Benefits

Workplace Pension A substantial pension plan with generous employer contributions represents one of the most valuable employee perks, ensuring a secure future in an employee’s retirement years. Selecting the best pension provider is essential to maximise the benefits for employees. This amounts to a loss of 2.2%

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Lancashire County Council ordered to pay £800,000 in discrimination case

Employee Benefits

Healey returned to work in May 2016 but required more treatment in 2017 as the cancer had returned, and was then off until early 2019. Anne Healey worked as an early years specialist for the council’s schools improvement service since 2012 after a teaching career. Lancashire County Council has been contacted for comment prior to publication.

Pension 105