State of Idaho’s Post

I’ve seen the videos claiming they are coming after your pension, and I get it – change is difficult. But here's the real issue: securing a decent retirement is about so much more than just the numbers on a statement. It’s about retiring in a thriving Britain – because, let’s be honest, we’ve all felt the impact of a country that’s not quite living up to its potential 🌱. By expanding the DC investment universe, private markets have the potential not just to offer higher returns, but may drive economic growth, boost financial inclusion, and open up new pathways for social mobility 🌍. This could really spark innovation, support small businesses, and create jobs that lift up communities. The potential for real, positive impact is huge, making retirement security and a thriving economy two sides of the same coin 💰. For me, the most important factor in building a solution with private market assets is clear: portfolio construction. Getting this right is key to unlocking all the potential benefits while managing risk effectively.

Do you hire seasonal workers? 🍓 Are you aware of the pension duties that you are required to perform for each seasonal worker? Whether an employee works for a few days, weeks, or months, each employee needs to be assessed for each period that they work for you. Find out what you need to check here 👇 https://lnkd.in/gFwVa3SF Want more information or advice? Contact your local office and ask for our Payroll team today! #WhitingsLLP #Accountants #SeasonalWorkers #Pensions

I've no issue with private finance investing genuine risk capital in innovative industries. If private finance takes risks it should expect rewards. I've got a big issue with private finance being enabled by government and regulators to extract value by investing in core physical, green, and social infrastructure. Even worse, private finance lobbyists want corporate welfare eg. 'derisking' before committing finance that is more costly than public investment. Socialising the risks, privatising the rewards.

Important #epfo Headquarters Circular on #Higherpension that clarifies: 1. Required documents for proving eligibility of employees 2. Treatment of employees of establishments with their private #PFTrusts 3. Computation of higher pension for employees who attained the age of 58 year prior to or after 1st September 2014, and those who will be retiring in future. This will greatly help the EPFO field offices, employees and employers. #socialsecurity #employeebenefits #employeeengagement #employeewellbeing #providentfund #pensions

Fascinating insights into the health of DC pension schemes in our latest DC survey, ‘Five Steps to Better Workplace Pensions 2024', launched last week: https://lnkd.in/eZwg4TCd What surprised me is that two thirds of schemes don’t know how much a typical member might expect to receive at retirement. With the increased focus on value vs cost and retirement adequacy from the government it feels like this should become more of a priority. As an aside, it also made me wonder how many members know what they might expect to receive in retirement...?! And, of course, this also ties into investment. As we start to focus more on those all important member outcomes, the survey highlights the need to understand the returns the default strategy is delivering. Its not enough simply to look at the component returns - we have to look at the overall experience for members and the returns they’ve seen. To do this most effectively, you also need to know what you are measuring against and ideally should have scheme specific targets. Thank you to everyone who took the time to complete the survey, and to the team for pulling it all together. Steven Leigh Jiten Parekh, CFA, Yassin Isman, APMI, John Foster, Clare Freeman, James Collier, Ben Roe #Aon, #definedcontribution

When I asked over 500 PQ, Qualified and non-studying pensions actuaries to rank 12 aspects of work in order of importance, all three groups placed Salary, Work/Life Balance (Total Hours) and The People They Work With as the top 3. Are you thinking about these aspects carefully when attempting to attract new employees? You can download the full report on the Salary Survey section of my website. #pensions #actuaries #actuarial #careers #somethingdifferent

In this article, we answer 8 of our most frequently asked questions about workplace pensions. We cover everything from increasing contributions to maternity leave. #Pensions #companypensions #workplacepensions https://lnkd.in/eMq5r5vQ

Some great insights from my #DC colleagues following our latest annual DC survey. https://lnkd.in/eWKhsYyT From a #responsibleinvestment perspective, our survey results show slow but steady movement from DC pension schemes towards responsible investing practices, particularly in default investment strategies. This kind of progress is key to ensuring #ESG risks and opportunities are managed on behalf of members given the relatively low proportion of DC savers who make their own #investment choices. But it's important not to let perfection stand in the way of progress. We are still 26 years away from 2050 and scientists think that we may have already missed the boat on the target to keep global temperature increases to 1.5 degrees or below pre-industrial levels. In our report Katherine Patel, CFA sets out some barriers to responsible investing, and a framework to help make better decisions and progress further and faster. #WorkplacePensions #BetterDecisions #Aon

In case you missed it, auto-enrolment is set to be introduced in 2024. The new savings system for employees will be an alternative to employer occupational pension schemes, rather than an addition to them. We consider what this choice will mean for employers. #Pensions #AutoEnrolment #MHCLaw #Benefits #ContentRewind

Discover the latest employment, immigration and pensions legal insights in our June 2024 round-up. In this edition, we explore the election manifestos and their impact on employment, discuss the TUPE amendments effective from July 1, and feature our latest episode of the S&B People Podcast where we cover the upcoming code of practice on dismissal and re-engagement set to take effect on 18 July. Plus, there's much more! 👉 https://lnkd.in/emsH7n6y #EmploymentLaw #UKEmpLaw #ImmigrationLaw #UKImmigration #Pensions