Improving member communications in the real world

Automatic enrolment has been extremely successful in increasing the number of employees saving for retirement. Attention is now shifting to improving the sufficiency of those savings and their contribution to quality retirements. Key factors are contribution amounts, the investment of savings and how the accrued pot is used by the individual. Managing these involves understanding… Continue reading Improving member communications in the real world

Business planning for significant staff illness

The coronavirus has so far been well contained in the UK. Indeed, while the disease seems to have spread quite significantly inside China, elsewhere in the world, infection so far is being managed quite well.  At the time of writing, the BBC says that Japan, Thailand, Singapore, South Korea, Australia and Taiwan have incidences in… Continue reading Business planning for significant staff illness

Black Friday deals with a difference

The term ‘Black Friday’ was coined in Philadelphia, United States, in the 1960s where the chaos of post-Thanksgiving traffic caused congestion and even violence in downtown shopping areas. Obviously the retailers didn’t appreciate the phrase, particularly with its link to other similarly named days of the week – Black Thursday in October 1929 which saw… Continue reading Black Friday deals with a difference

Financial wellbeing – what does it mean for your employees?

We know all about this by now – don’t we? Financial wellbeing seems to be the trend of the year and every HR or Employee Benefits conference has some aspect looking into this. But in practical terms what does it mean to your business and, most importantly, your employees? As an HR or Reward Manager,… Continue reading Financial wellbeing – what does it mean for your employees?

The future of defined contribution pension saving

[vc_row][vc_column][vc_column_text]It’s widely recognised that defined contribution (DC) plans haven’t yet delivered the outcomes that pension savers and wider society need. Birthed from the decline in defined benefit provision, the fundamental design of the DC plan is pretty sound – it’s hard to criticise the basic principle of a tax-efficient place to hold your long term… Continue reading The future of defined contribution pension saving

Teachers’ Pension Scheme – lessons learned in the first half of 2019

[vc_row][vc_column][vc_column_text]Since our last blog posting back in March, things have moved on considerably with regard to the participation of independent schools within the Teachers’ Pension Scheme (TPS). We have had meetings with a large number of independent schools and subsequently have started providing advisory services to many. We attended the ISBA Conference & Exhibition in… Continue reading Teachers’ Pension Scheme – lessons learned in the first half of 2019

Tackling the tough topics – alcohol and substance abuse

Have you ever considered how prevalent alcohol and substance abuse is in your workplace? The 2017/18 Crime Survey for England and Wales found that around one-third (34.6%) of adults aged 16 to 59 had taken illicit drugs at some point during their lifetime (most commonly cannabis, then cocaine) and 4.3% of them had taken a drug… Continue reading Tackling the tough topics – alcohol and substance abuse

Calculating the impact of risk on defined benefit pensions

Trustees and sponsors are fully aware that legislation allows them to embrace a degree of risk for funding. Indeed, the funding plans for almost all defined benefit (DB) schemes will have some exposure to covenant and investment risk. Less widely explored is the impact this risk has on members’ pensions. In particular, the fact that… Continue reading Calculating the impact of risk on defined benefit pensions

Introducing financial wellbeing into the workplace

As a HR manager, or business leader, you may already have numerous programs in place that look after your employee’s physical wellbeing – subsidised gym membership or a cycle to work scheme for example. You may also look after their emotional health via stress awareness training or flexible working. However, financial wellbeing is often overlooked… Continue reading Introducing financial wellbeing into the workplace