Employment and Pensions Law (28 May - 11 June)

Employment News

New bill could force large companies to divulge parental leave policies

People Management – 7 June

A private members’ bill has been presented in parliament, which would require businesses with over 250 members of staff to publish their parental leave and pay policies. Current figures suggest that every year 54,000 women in Britain are forced out of their jobs due to pregnancy discrimination, and only 7,100 men received shared parental pay in 2016-17.

Small businesses have people management ‘blind spot’, CIPD tells MPs

People Management – 6 June

The Chartered Institute of Personnel and Development (CIPD) has told MPs that small businesses are often lacking on their HR practices, and do not realise how they can provide a strong foundation for business growth. These revelations come after the Department for Business, Energy and Industrial Strategy launched an inquiry into the UK’s poor productivity levels.

Younger workers are getting stuck, not getting on

TUC – 4 June

In a recent report by the Trade Union Congress (TUC), it has been revealed that the ‘generational pay gap' has increased from £3,140 in 1998 to £5,884 in 2017. Young people are more likely to have jobs in poorly paid industries and one third of employers admit they don’t offer training to their staff, leading to fewer opportunities for progression.

Firefighters’ 96-hour shift pattern ‘contrary to’ Working Time Regulations, rules High Court

People Management – 29 May

The High Court has ruled that four fire stations in South Yorkshire – Aston Park, Lowedges, Tankersley and Edlington – were in breach of the Working Time Regulations 1998, by requiring their firefighters to be on duty for 96 hours in a row. This ‘close proximity crewing’ (CPC) shift system is estimated to currently effect 1.5% to 2% of firefighters across the country.

Pensions News

Recruitment agency pleads guilty to illegally opting staff out of pensions

Professional Pensions – 8 June

Workchain, a national recruitment agency has pleaded guilty to opting temporary staff out of their workplace pension scheme. The company and seven staff members will be convicted for offences of unauthorised access to computer data, and could face up to two years imprisonment.

UK employees place greater emphasis on workplace pensions than other countries

Professional Pensions – 5 June

According to research by Aegon, which surveyed 14,400 workers and 1,600 retired people across 15 countries, the UK expects over one-third of their retirement income to come from workplace pensions, the second highest across the 15 countries. However, the UK was below average on its expectations of the state pension – expecting it to fund 40% of their income.

Mattioli Woods ceases DB transfer advice

Professional Adviser – 4 June

Specialist wealth management and employee benefits business, Mattioli Woods, has ceased its provision of pension transfer advice to individuals following dialogue between themselves and the Financial Conduct Authority (FCA). The group is currently undertaking a review of their work in this area.

30% do not know the total value of their pensions

Employee Benefits – 30 May

According to research conducted by Aegon, 30% of respondents do not know the value of their pension pots. 64% have multiple pension pots, and 22% of those have ‘lost track of one or all of their pensions’. Kate Smith, head of pensions at Aegon, has highlighted how the introduction of a pensions dashboard will help solve some of these issues.

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