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Attack on Government pension planning blight

The National Association of Pension Funds has attacked the Government for making creating a “planning blight” causing uncertainty in company pension schemes .


The climate of uncertainty is being created by the Government&#39s continued consultation on stakeholder pensions. The NAPF annual survey of 700 pension schemes revealed 72 per cent of money purchase company pensions still did know if they will register for stakeholder.


The figures also reflect employers&#39 reluctance to change schemes as only three per cent of pension plans have improved their benefits, compared with between seven and ten per cent over the last five years.


NAPF director general Ann Robinson says: “The government has created a planning blight” and they should “keep out of the business or come in and manage it properly.”

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Recording sickness absence cover - thumbnail

White paper — recording sickness absence

The latest figures from the Department for Work and Pensions illustrate that sickness absence is still a major cost to businesses, with an annual bill for sick pay and associated costs to employers of £9bn. This paper from Jelf Employee Benefits looks at the importance of recording sickness absence for any employee health strategy and how this can be carried out in an efficient manner to reduce absence, improve employee engagement and drive up profits.

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