‘Major reform’ on the cards to help cut pension burden
Government kicks off inquiry amid growing concerns over size of deficits; employers may be able to reduce future liabilities or change calculation methods, say reports The government is expected to consider a number of radical reforms to the management of corporate pension schemes, as mounting deficits and the fallout from the sale of Tata Steel… Continue reading
Employment law changes April 2016: an eight-point checklist
Every April, new legislation affecting employment rights and responsibilities is introduced. This year, the development receiving the most attention is the introduction of the national living wage. But are you aware of other important employment law changes on their way? 1. The national living wage is introduced Workers aged 25 and over will be entitled… Continue reading
What would a new state retirement age mean for employers?
Average age of leaving the workforce may reach 70-plus, experts predict, with implications for skills, training and pension costs The burden on employers to help their staff adequately fund their retirement is going to become ever greater, with the state pension likely to increase to 70 and beyond in future years, experts have warned. With… Continue reading