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Kingfisher provides benefits security through bulk annuity purchase

Employee Benefits

Credit: ClimbWhenReady / Shutterstock In the UK, home improvement firm Kingfisher’s pension provision comprises a closed final salary section, with 28,000 deferred and pensioner members, and an open money purchase section, with 70,000 active and deferred members.

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French Pension Reforms: Controversy and No-Confidence Vote Survived by Macron

HR Digest

As France grapples with an aging population and a pension system deficit, the government’s proposal to raise the retirement age and cut pension costs has sparked a wave of protests and strikes across the country. Join the debate and share your thoughts on the France Retirement Age Protest and 2023 French Pension Reform Strike.

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Will the Mansion House reforms deliver value for employees?

Employee Benefits

Need to know: A raft of proposals have been launched to improve value for money in pension schemes. In July, Chancellor of the Exchequer Jeremy Hunt proposed a number of pension reforms in his Mansion House speech, with an overarching focus on value for money for members.

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Government launches review to boost employment prospects for autistic people

Employee Benefits

The Department for Work and Pensions (DWP) has launched a government review designed to investigate boosting employment prospects for autistic people. The Buckland Review of Autism Employment was created with support from charity organisation Autistica, and aims to address low employment among autistic people.

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AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

Many of the provisions in this sweeping legislation bring changes to the employee benefits world of which employers should take note and which are summarized below. The ARPA contains several new rules which impact COBRA benefits. The ARPA increases the cap on dependent care assistance benefits. Subsidized COBRA.