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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.

Pension 105
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Government announces DC pension scheme reforms

Employee Benefits

Nine of the UK’s largest defined contribution (DC) pension providers have come to an agreement with the government to improve pension schemes. This could unlock up to £75 billion of additional investment from DC and local government pensions. Hunt said: “British pensioners should benefit from British business success.

Pension 45
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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.

Pension 105
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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. That’s why as a charity we want to see a doubling of the employment rate for autistic people by 2030.

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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. Single Employer Pension Plan Provisions. Subsidized COBRA. Multiemployer Plan Provisions.