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B&CE tells employees – pay into your pension

B&CE, the construction industry&#39s employee benefits provider, has announced it intends to try and motivate employees to increase their contributions to Easybuild, its stakeholder pension scheme.

While the scheme is the UK&#39s largest, few employees make any contributions and matching ones made by employers range from £2.51 to £7.50 a week. These will increase to £10 a week from the end of June.

Research carried out by the provider reveals that 82 per cent of construction employers believe it would be a good idea for employees to make contributions to their occupational pension schemes.

B&CE Benefit Schemes deputy chief executive John Jory says: “We carried out the research to find out how much support there is in the industry from employers to encourage employees to contribute more to their pension funds. It is encouraging to see that most employers do think it is a good idea and in principle they welcome the idea of us making presentations to staff to explain how to do it.”


Growing concern over pensions

I have heard that the FSA has fined an IFA for promoting early encashment of pensions. Does this mean that I am betterleaving my pension account intact until a later age rather than take benefits now? Your pensions are personal pensions and, certainly, in days gone by, it was taken as read that pension funds […]

Standard reveals target markets

Standard Life says it wants to increase market share in mutual funds, protection and drawdown business. Writing in this week&#39s Money Marketing, sales managing director Nathan Parn-aby says it intends to grow its presence in these markets in a bid to improve the “mix and profitability” of the business. He says it is important that […]

NU in the middle for life strength

The FSA&#39s new realistic reporting regime shows that Norwich Union&#39s average risk capital margin coverage for its with-profits business is 2.63 – around the middle of life office figures. Norwich Union says that under the new rules it has total assets of £4.3bn in excess of its liabilities across its CGNU Life, Culac and NUL&P […]

Savills swoops for Charcol top seller

Savills is recruiting Charcol&#39s top-earning consultant, its Cambridge branch director and the branch head of administration to set up an East Anglia office. Former branch director Neil Walker and highest-earning consultant Chris Galpin are understood to be leaving Charcol&#39s Cambridge office and are set to join Savills within weeks. Charcol, which is in last-ditch talks […]

In search of value? Banks and the sectors leading Europe’s recovery

By Rob Burnett, head of European equities, Neptune  After nine years of underperformance versus quality growth, Rob Burnett, manager of the Neptune European Opportunities Fund, believes that value strategies have reached an inflection point. Watch Rob discuss why he believes value is well positioned to resume its historical trend of outperformance. Click here to watch […]


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