Remove Employment Remove Government Remove Pension Remove Pension Benefit
article thumbnail

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
article thumbnail

What does the government’s pots-for-life plan mean for employers?

Employee Benefits

Credt: P Maxwell Photography/Shutterstock The pension pots-for-life plan take the onus off of employees to keep track of their pensions as they move jobs. Clarification is needed on how employers would manage the process of putting employees’ contributions into many different pension pots. Opinions differ. “I

Pension 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Make the Most of Free Money

Money Talk

Common sources are businesses, individuals, and the government. Employer Match- This is money contributed to employees’ retirement savings accounts to match what they save. Inheritances are not considered taxable income by the federal government but earnings on inherited assets (e.g., stock or mutual fund shares) are taxable.

article thumbnail

London Underground strikes over pension changes suspended

Employee Benefits

Several strike dates due to take place on the London Underground have been suspended following negotiations about potential reforms of Transport for London’s (TFL) pension scheme. A central government-demanded review of TFL’s pension arrangements, which is a condition of the 1 June 2021 £1.1

Pension 52
article thumbnail

[Podcast]: Special Financial Assistance for Multi-employer Pension Plans (Part 2)

Proskauer's Employee Benefits & Executive Compensa

This episode of The Proskauer Benefits Brief is the second of our three-part series analyzing the Pension Benefit Guaranty Corporation (PBGC) guidance on the new special financial assistance program for troubled multiemployer pension plans that was created by the American Rescue Plan Act (ARPA).

Pension 98
article thumbnail

Lovewell’s logic: Does the UK government have workers’ interests at heart?

Employee Benefits

Over the past few weeks, there have been an increasing number of social media posts and press articles about a bill currently passing through Parliament, with which the UK government has the potential to fundamentally change employment rights. million workers could be put at risk if the UK government presses ahead with its plans.

article thumbnail

[Podcast]: Special Financial Assistance for Multiemployer Pension Plans (Part 1)

Proskauer's Employee Benefits & Executive Compensa

This episode of The Proskauer Benefits Brief is the first of our three-part series analyzing the Pension Benefit Guaranty Corporation (PBGC) guidance on the new special financial assistance program for troubled multiemployer pension plans that was created by the American Rescue Plan Act (ARPA).

Pension 56