Sentences with phrase «benefit pension schemes which»

Not exact matches

The party's new policy expresses great concern that the current methods used to evaluate defined benefit (ie final salary and career average) pensions have been unable to cope with these unprecedented market conditions, and this, coupled with over-regulation on the part of the Pensions Regulator, had produced wildly volatile deficits which no - one could predict — wholly unsatisfactory for schemes that have to plan over half a pensions have been unable to cope with these unprecedented market conditions, and this, coupled with over-regulation on the part of the Pensions Regulator, had produced wildly volatile deficits which no - one could predict — wholly unsatisfactory for schemes that have to plan over half a Pensions Regulator, had produced wildly volatile deficits which no - one could predict — wholly unsatisfactory for schemes that have to plan over half a century.

It will allow DB pension funds far more freedom when carrying out their valuations, which will inevitably mean that defined benefit pension schemes will be better able to ride out these unprecedented economic circumstances.

The treasury minister Lord Myners had indicated to RBS that there should be «no reward for failure», [49] but Goodwin's pension entitlement, represented by a notional fund of # 8 million, was doubled, to a notional fund of # 16 million or more, because under the terms of the scheme he was entitled to receive, at age 50, benefits which would otherwise have been available to him only if he had worked until age 60.

The union says the company has closed its defined benefit, or final salary, pension scheme, offering new entrants an «inferior» scheme which the CWU claim will leave them in «pensioner poverty».

Iain Duncan Smith, the Work and Pensions Secretary, has faced criticism after scaling back a pilot scheme for his flagship universal credit - which will merge dozens of different out - of - work benefits into a single payment with the aim of ensuring an individual is always better off in work than on benefit.

This is good news for those wishing to take money out of the defined benefit scheme, but these larger pay - outs put further pressure on the pension schemes themselves — many of which are already critically underfunded.

In broad terms, a master trust is an occupational pension scheme which provides money purchase benefits and is used by two or more unconnected employers.

We are also able to provide advice on employee benefits and pension scheme matters in most of the countries in which health sector participants are investing for growth.

While the project has been supported from the outset by major insurers, there is a concern that without legislation some insurers, including smaller insurance companies and those providing defined benefit schemes (which, ostensibly, have less to gain by participating), will not provide the necessary data such that individuals can access all their pension scheme information in one place.

«Given the speed at which Carillion collapsed, there appeared to be no time to attempt to save the company by separating it from its 13 defined benefits schemes through the use of a regulated apportionment arrangement, as most recently agreed, for example, in the British Steel pension scheme.»

Advice to the potential purchaser of an insolvent business which operates a large underfunded defined benefit pension scheme.

There was however a successful legal challenge a few years ago, in which it was decided that for some pension scheme members, especially those with long service, the cap meant that their benefits were not reasonably protected.

The judge held, that members of the scheme who had the right to retire at age 60 in respect of any part of their service and who were aged between 60 and 64 at the date that the scheme commenced winding up fell within the Pensions Act 1995 (PA 1995), s 73 (3)(b) even in respect of pension or other benefits accrued by service to which an NRD of 65 applied.

Section 73 of PA 1995 required the assets of a salary related occupational pension scheme which was being wound up to be applied in satisfying the liabilities of the scheme in respect of pensions and other benefits, including increases in pensions, in a particular order by reference to categories of liabilities specified in s 73 (3).

Members of a wound - up company's occupational pension scheme who have the right to retire at age 60 in respect of any part of their service and who were aged between 60 and 64 at the date that the scheme commenced winding up, fall within s 73 (3)(b) of the Pensions Act 1995 (PA 1995) but not in respect of pension or other benefits accrued by service to which a normal retiring age of 65 applies.

Recent proposed changes to the Police Pension Scheme and the intention of government to repeal Section 2 of their Pension Regulations is causing great concern amongst those who are told that, as they do have contracts and are not employees, can be coerced in to joining a pension scheme which will cost them more, for longer whilst paying less bPension Scheme and the intention of government to repeal Section 2 of their Pension Regulations is causing great concern amongst those who are told that, as they do have contracts and are not employees, can be coerced in to joining a pension scheme which will cost them more, for longer whilst paying less bPension Regulations is causing great concern amongst those who are told that, as they do have contracts and are not employees, can be coerced in to joining a pension scheme which will cost them more, for longer whilst paying less bpension scheme which will cost them more, for longer whilst paying less benefit.

There are numerous financial benefits and not the least of which is their pension scheme.

The advantages of deferred pension plans are huge and include tax benefits which can be associated with this pension scheme.

We offer a competitive suite of employer paid benefits which include a generous holiday entitlement, pension scheme, life assurance, private medical / dental cover, the ability to buy and sell holidays and interest free season ticket loans.

Along with fantastic training and a structured career path you can expect an excellent, market leading starting salary, performance related commission and a large range of benefits including: * Reduced working hours in school holidays (9 - 4) * Generous holiday entitlement which increases with service * Unique and successful Learning and Development Programme * Contributory stakeholder pension * Daily coaching, mentoring and support * A positive working environment * Life assurance * Childcare voucher scheme * Regular prizes for service and performance and two company events a year To be considered for this Trainee Recruitment Consultant opportunity, please apply with an up to date CV and a covering letter straight away.

As part of a growing DHL population you will receive access to a variety of our excellent benefits which include; 25 days holiday, pension scheme, medical cover, childcare vouchers and retail discounts.

We offer employees a market competitive basic salary and bonus opportunity as well as a comprehensive benefit package which includes contributory pension scheme.

The NHS has recently reviewed its pension arrangements by reducing the age at which ex-spouse members of the scheme can draw benefits to 55.