Over the past week, our consultants have provided insight into U.K. and U.S. pensions, the U.S. ACA, and HR technology.
Wealth
U.K., Radio 5 Live, afternoon edition
David Piltz, Head of Trustee Services, discussed the new single-tier state pension on this BBC radio show (runs from 01:07:30 – 01:14:45).
U.S., Crain’s Benefits Outlook, Public pension plans: A state of dysfunction
“If you don’t maintain adequate funding on an ongoing basis, you certainly set yourself up for the development of a big unfunded liability,” said David Driscoll, Boston-based consulting actuary with Xerox HR Services.
U.S., WorldatWork, Financial Well-being: The New Competitive Advantage
“Workplace wellness programs formerly focused solely on promoting good (physical) health and preventing workplace accidents. Today’s programs are far broader, emphasizing overall wellbeing, with more employer support. The next step in the evolution of workplace well-being is to reduce financial stress — giving employers a surprising advantage in the marketplace.” Lori Block, Principal, Engagement consulting, from her article in workspan.
U.K., IPE.com, Special Report Consultants: Consultants under scrutiny
“There are some areas of fiduciary management where I think the industry is still fairly embryonic,” aid William Parry, investment consultant at Xerox HR Services. “In particular, it needs a good nudge to improve its ways of monitoring fees and performance so they are more in line with traditional asset management. Studies like the FCA review are likely to encourage that.”
Health
U.S., Crain’s Benefit Outlook, ACA a major talking point on campaign trail
“It is clear [Hilary Clinton] wants to keep the ACA. She views it as a great starting point,” said Allison Klausner, a principal with Xerox HR Services in Washington.
HR Technology
U.K., HR Magazine, Does self-service really save time?
“One of the problems I encounter is that HR thinks self-service takes away an HR role – but actually it often adds to their tasks,” says Ed Smithson, head of flex and share plans at Xerox HR Services.
