Firms are breaking employment law by imposing salary cuts and pension reductions without undertaking a required 60-day consultation period with employee representative groups. Advisers attending a virtual Corporate Adviser roundtable on the...
Many hundreds of employers have stopped making pension contributions after furloughing staff according to trustees. Capital Cranfield professional trustee Andrew Cheseldine says some master trusts they work with have seen cancellations from...
Employers struggling to meet their auto-enrolment and other workplace pensions obligations can expect a ‘proportionate’ risk-based approach to enforcement says The Pensions Regulator. Issuing a Covid-19 guidance update, TPR says auto-enrolment contributions...
Scottish Widows has appointed former executive director for regulatory policy at The Pensions Regulator Andrew Warwick-Thompson as the new chair of its master trust. Warwick-Thompson takes over from Kim Nash, who steps...
The coronavirus pandemic will have a lasting effect on the PMI and wider employee benefits industry according to advisers and insurers. Not all of these will be negative, according to advisers, with...
PMI providers have seen a surge in demand for the added-value support services offered since the outbreak of the coronavirus pandemic. Cigna International director of sales and commercial effectiveness, Amy MacKay says...
Advisers and employee benefits consultants have said they expect private testing for Covid-19 to become a product feature of corporate healthcare plans in future. PCH managing director Claire Ginnelly points out that...
Advisers have praised insurers for the speed at which they have reacted to the Covid crisis, by offering flexible benefits, premium holidays and potential rebates. PCH managing director Claire Ginnelly says the...
The FCA has confirmed the delay to the implementation of post-retirement investment pathways that could have nudged investors now in secure cash investments into equities and other risky assets. In January the...
RedArc nurses has seen a change in the support they provide since the escalation of the Covid crisis in the UK. RedArc says it has seen increase called from policyholders and their...
