Anyone who is involved in the world of workplace savings will recognise that the last few months have been rather interesting to say the least. At the start of the year both employers and the pensions industry were braced for major changes to UK pension tax reliefs in the March Budget. Yet shortly before the […]
The national news agenda has been dominated by pension issues this month. For those that missed it (and there cannot have been many given that this was the lead story in spoken and written media), the Chancellor announced a decision to make no decision on pension tax relief in his 16 March 2016 Budget speech. To […]
Last week the Financial Conduct Authority (FCA) published their collected data under the above title for the period July-September 2015. It should be admitted that ordinarily such a set of figures would hold little appeal for either this article or our readers. Yet these are far from ordinary times for pension savings (and the employers that sponsor same). […]
Last year we highlighted the launch of the Department for Work and Pensions’ (DWP) auto-enrolment awareness campaign – fronted by that nice friendly monster Workie. The Pensions Regulator (TPR), however, may not be so cuddly. In early January it issued this statement, with some of the most relevant passages reproduced below for information: “Up to half a million small […]
During 2016 employers will feel the effect of the many changes that have been happening in the pensions industry. Steve Herbert, head of benefits strategy for Jelf Employee Benefits, looks at some of the key areas of which UK plc needs to be aware. He says: “There are potential hazards in store for employers in […]
It’s not often that the opportunity presents itself for something light-hearted – but the DWP’s new pension awareness campaign is one such moment. For last week the Department for Work and Pensions (DWP) unleashed a large blue furry monster into the world of Workplace Savings. Workie will be seeking to raise awareness of workplace pensions, […]
One of the perceived problems with pensions Auto-Enrolment was the number of small pension “pots” that would be created given that the average UK worker changes employer many times throughout their career. In the early stages of the Auto-Enrolment project this was deemed to be a major challenge, and therefore the previous Minister set in […]
Recent reports highlight that the Work and Pensions Select Committee of MPs are concerned about the potential for scams following the introduction of Pension Freedoms this year. This is a subject that we have already featured several times on the Jelf Blog, and one that we think is really important for employers (and of course […]
The hugely successful Jelf Employment Seminars are back. Now in their sixth consecutive year, these fun and informative seminars are a ‘must-attend’ event for many HR and finance professionals.
We recently wrote about the productivity puzzle and how the UK lags very far behind most of the other major economies of the G7 on this particular measure. There are of course many pieces to this particular puzzle – and a timely report by The Work Foundation highlights how sickness absence plays a part in this issue also.
It can be difficult for employees to control their spending habits, in fact they may not realise that they have bad habits at all.
The hugely successful Jelf Employment Seminars are back. Now in their sixth consecutive year, these fun and informative seminars are a must-attend event for many HR and finance professionals.