Pensions Aspects Magazine

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Mending the holes of the pension pocket for the quantum workforce
06 January 2021

Mending the holes of the pension pocket for the quantum workforce

COVID-19 has accelerated the disruption to the UK’s job market, catalysing an ongoing decline in permanent employment. Now, one in seven workers in the UK are on flexible contracts, up 25% over two decades. These workers are part of the growing quantum employment fleet, defined as a contractor working small, incremental jobs across a range of employers or end clients. Today, it is not uncommon for contractors to work just a morning or even a number of hours one day with one employer and then work double shifts later that week for a different client.

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The popularity of Professional Corporate Sole Trusteeship
06 January 2021

The popularity of Professional Corporate Sole Trusteeship

Sole Trusteeship is growing and looks set to continue. There are drivers for this, but some are concerned about this development resulting in higher costs, more employer focus than member focus and the potential for trustees to go unchallenged. This article explains why these concerns are largely unfounded and ways to mitigate some concerns.

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The new normal for DB Pensions
06 January 2021

The new normal for DB Pensions

It has, of course, become the new normal to talk about the new normal! But there have been so many changes affecting Defined Benefit (DB) pensions that grouping these by broad themes could be a worthwhile exercise.

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Trustees: be ready to protect schemes from corporate distress
06 January 2021

Trustees: be ready to protect schemes from corporate distress

The International Monetary Fund has warned that the world economy faces a long, slow recovery from COVID-19 and it seems likely that some UK employers will start to struggle.

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What’s that noise? Just another norm being shattered.
06 January 2021

What’s that noise? Just another norm being shattered.

Unless you’ve been living in the proverbial cave for the last twelve months, it’s likely that your world has been turned upside down. The normal way of going about our business and private lives has had to change.

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The new workplace
06 January 2021

The new workplace

The introduction of lockdown in March was a period of confusion and disruption in workplaces throughout the country. This was as true for us at PMI as it was for other organisations. There was a rushed period of collecting personal effects and hurried farewells before leaving our familiar and well-loved premises in Tower 42 for what we initially supposed would be a period of a few weeks. Apart from significantly underestimating the length of time that we were to be absent, we gave little thought to the extent to which a temporary emergency would result in permanent change.

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