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49% of staff changed retirement plans due to cost-of-living crisis

Employee Benefits

If the state pension age is to be raised to 71, as has recently been speculated about, then private pension savings are likely to be the only source of income between stopping work and the commencement of the state pension for a huge swathe of those born after 1970.

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5 steps to help employees engage with their pensions

Employee Benefits

It’s therefore more important than ever to ensure employees are engaged with their pensions. Empower employees with financial education Whilst some information may be provided via a website or leaflet, actually attending an interactive financial education workshop about pension options and retirement income options is far more engaging.

Pension 105
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PBGC Releases Special Financial Assistance Final Rule

International Foundation of Employee Benefit Plans

Changes to the Special Financial Assistance (SFA) Program announced Wednesday by the Pension Benefit Guaranty Corporation (PBGC) will improve the ability of underfunded multiemployer defined benefit (DB) pension plans to.

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Laura Trott appointed minister for pensions

Employee Benefits

Trott has taken over responsibility for pensioner benefits including state, private and occupational provisions, as well as oversight of bodies such as The Pensions Regulator (TPR).

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Early and multiple interventions will improve pensions engagement!

Employee Benefits

Many workplaces now provide early interventions through financial wellbeing programmes that include financial education and guidance including the use of digital tools such as the WEALTH at work Financial Healthcheck.”.

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Tracy McMullen: Ashurst engages all staff in pension savings

Employee Benefits

At Ashurst, we closely consider the pension and benefits we offer and focus particularly on how we engage our people in these offerings to ensure they are of maximum benefit. This means ensuring they are not only relevant but that employees are engaged with what is available to them.

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Do employees really need to be concerned about the Lifetime Allowance right now?

Employee Benefits

Review their current situation – If they have already taken some pension benefits, they should start by looking at a current pension valuation and assessing how much of their LTA they have used. Many workplaces now offer support to their employees in terms of financial education, guidance and regulated financial advice.

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