HR directors take centre stage on pension provision

Posted by HR Zone in Pay & benefits on Wed, 30/01/2008 - 12:06

The latest National Association of Pension Funds (NAPF) annual survey reveals that HR directors are at the heart of company pension decision making.

HR also sits as trustees on 25 per cent of occupational pension schemes. Around a third of private sector defined benefit (DB) schemes remain open to new members, much the same as in 2006 (31 per cent in 2007, 33 per cent in 2006).

NAPF chief executive, Joanne Segars, said: "With both the gradual shift from salary related to money purchase pensions and a competitive labour market, the HR community has a growing and important role to play in good workplace pension provision. With the growth of money purchase pensions, employees will often look to their employers, very often their HR manager or director, for help and information on pensions issues."

Over the next five years 40 per cent of private sector respondents with open DB schemes expect no changes to be made to pension arrangements.

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Editor's Welcome

 

Hello! And welcome back as we enter 2012, with a busy year ahead of us all. With talk of double-dip recessions, a possible partial or even full break-up of the Eurozone and unemployment rates set to hit nearly 9%, topics such as organisational streamlining, staff resilience and talent management are likely to be on many an HR professional's lips over the next 12 months.
 
But to lighten the gloom here in the UK, we also have the Queen's Diamond Jubilee and its attendant public holidays to look forward to at the start of June. Followed by two weeks of Olympic Games from 27 July to 12 August and the Paralympics from 29 August to 9 September, each generating their own excitement, but also issues to work through for hard-pressed HR departments trying to sort out the multifarious staffing issues in advance.
 
So with an interesting but challenging year to come, HRZone promises to be with you, supporting you all the way and providing our usual insightful blend of news, analysis, community blogs and expert comment to help you sort the wheat from the chaff. As ever, we love to hear from you too so feel free to either post your words of wisdom to our blog section yourself or, in the case of longer, more in-depth ‘expert voice’ articles, drop me a line with any ideas to cath.everett@siftmedia.co.uk.....
 
Cath Everett
HRZone Editor 
 
 
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