article thumbnail

What it would really take for a pensions comeback

Employee Benefit News

While the revival of traditional pension plans faces significant hurdles, the exploration of hybrid solutions and innovations in retirement planning could provide a path forward.

Pension 117
article thumbnail

Morrisons warehouse workers strike over pension contribution change

Employee Benefits

About 1,000 Unite union members working at two Morrisons warehouses have undertaken strike action for three days over a cut in company contributions to their pensions. Morrisons said the loss in pension contributions per worker would be more than offset by the offered pay rise.

Pension 104
Insiders

Sign Up for our Newsletter

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

article thumbnail

Government launches pensions review to boost investment and outcomes

Employee Benefits

Rachel Reeves, chancellor of the exchequer, has announced a pensions review as part of the government’s aim to boost growth and productive investment into the UK economy. How pension pots for savers in DC schemes could be boosted by more than £11,000, will also be explored. There is no time to waste.

Pension 59
article thumbnail

Emma Reynolds named pensions minister

Employee Benefits

Unported Deed, resized Emma Reynolds, the elected Labour MP for Wycombe, has been appointed parliamentary secretary for both the Department of Work and Pensions (DWP) and HM Treasury. The new joint role is part of the new government’s recognition that pensions are the responsibilities of both departments.

Pension 59
article thumbnail

Pension Schemes Bill announced in King’s Speech 

Employee Benefits

The new Labour government will introduce a Pension Schemes Bill to improve outcomes for savers in private sector pension schemes. In the State Opening of Parliament, His Majesty King Charles introduced plans for the Pension Schemes Bill to strengthen pension investment.

Pension 59
article thumbnail

One-third think the pension pot for life will help employees manage their pension

Employee Benefits

Employee Benefits poll: Just one-third (33%) of organisations think the pension pot for life plans announced in November’s Autumn Statement by Chancellor Jeremy Hunt will help employees to manage their pension, according to a survey of Employee Benefits readers.

Pension 105
article thumbnail

Cross-Country Pensions Update

International Foundation of Employee Benefit Plans

Income Tax Act (ITA) […] The post Cross-Country Pensions Update appeared first on Word on Benefits.

Pension 77