Just 43% of UK employees consider their occupational pension fund to be safe and a further 25% do not have either a positive or a negative view implying they do not sufficiently understand the financial implications of their scheme. This is according to the latest research from JLT Benefit Solutions (JLT) that highlights increased pension fund perception concerns and an alarming disconnect between employers and their staff.
Duncan Howorth, CEO, JLT UK Employee Benefits Group, says “While just 43% of UK employees feel their occupational fund is safe, a further 25% of individuals feel unable to accurately assess the financial security of their scheme – figures that suggest employers are still not helping employees to understand the position of their pension savings.”
Interestingly, however, it was those individuals that were part of a final salary scheme that demonstrated the highest levels of confidence, with 51% of employees admitting they feel safe. This compared with just 32% of employees in stakeholder pensions, 39% in a defined contribution (DC) plan and 27% in a group pension plan.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more