All news – Page 58
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ArticleKeep updated with the mini-Budget 2020
Chancellor Rishi Sunak will deliver his mini-Budget speech at approximately 12.30 pm on Wednesday 8 July 2020.He will be expected to discuss further plans to get the UK economy back on track to help businesses and the UK population deal with the financial ramifications of the Covid-19 (Coronavirus) pandemic.Stay tuned ...
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ArticleParticipate in exclusive healthcare benefits research for the chance to win prize draw
What effect has the Covid-19 (Coronavirus) pandemic had on your organisation’s focus on employee health and wellbeing? How can you track your most successful healthcare and benefits strategies?Readers at Employee Benefits have the chance to participate in the exclusive Employee Benefits Healthcare Research 2020, which has been created to understand ...
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ArticleHM Treasury publishes updated version of job retention scheme
HM Treasury has published a revised direction on the Government Job Retention Scheme (GJRS), making this the third version of the GJRS since it launched on 15 April 2020.The legislation includes updates to the flexible furlough scheme which will come into effect on 1 July 2020.Organisations will be able to ...
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ArticleMetro Bank hires Carol Frost as chief people officer
Banking organisation Metro Bank has hired Carol Frost as its new chief people officer. Frost has experience as a HR business leader, with a track record of delivering strategic business transformation programmes, and a passion for identifying and developing talent. Previously, Frost has worked as human resources director at Centrica ...
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ArticleTake part in exclusive healthcare benefits research for a chance to enter prize draw
Has the Covid-19 (Coronavirus) pandemic increased your organisation’s focus on employee health and wellbeing? Do you calculate the return on investment for your healthcare benefits spend? What are the most successful healthcare and benefits strategies?Employee Benefits readers can now have their say by participating in the exclusive Employee Benefits Healthcare ...
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ArticleGovernment publishes further guidance on job retention scheme
The government has published further guidance on the Government Job Retention Scheme (GJRS), including more information about the new flexible furlough rules.From 1 July 2020, businesses will be able to bring back furloughed employees to work a flexible pattern, while claiming funds back for the hours that they do not ...
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ArticleParents returning to work after maternity and paternity leave eligible for furlough pay
Working parents on statutory maternity and paternity leave, who are returning to work before October 2020, will be eligible for the Coronavirus Job Retention Scheme (CJRS).The enhancement to the CJRS will mean that working parents will still be able to receive 80% of their salary through the government scheme, if ...
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ArticleGovernment to launch online service for SMEs to reclaim Covid-19 statutory sick pay
Small and medium-sized employers (SMEs), which have fewer than 250 employees, will be able to recover Coronavirus-related employee statutory sick pay (SSP) when the government launches a new online service on 26 May 2020.The online scheme, which was announced as part of the 2020 Budget, will enable employers to reclaim ...
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ArticleGovernment job retention scheme extended to end of October 2020
The government's Coronavirus job retention scheme (CJRS) has been extended for a further four months until the end of October 2020, to assist businesses that are affected by the financial ramifications of the Covid-19 (Coronavirus) pandemic.Rishi Sunak, Chancellor of the Exchequer, announced the decision in Parliament on 12 May 2020 ...
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ArticleThe Pensions Regulator advises DB pension members to not move funds during Covid-19
The Pensions Regulator (TPR) has issued guidance advising trustees to send defined benefit (DB) members, looking to move their retirement funds, a letter warning them of the risks during the pandemic, urging them to make their decisions carefully.Since 2015, many members have taken advantaged of the flexible DB schemes offered ...
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ArticleGovernment suspends pension tax charges for retired NHS staff returning to work
The government will temporarily suspend pension tax charges for all retired NHS employees who decide to work during the Covid-19 (Coronavirus) pandemic.This is to ensure that there are not any significant tax charges to employees' pension income for retired individuals due to their change in circumstances, especially those aged 50 ...
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ArticleGovernment introduces £60,000 life assurance scheme for front-line healthcare workers
Front-line health and care employees in England will be covered by a life assurance scheme that financially benefits their family if they die due to Covid-19 (Coronavirus).On 27 April 2020, the government announced bereaved family members will receive £60,000, totaling approximately double the average pensionable pay for NHS employees.The government ...
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ArticleFurloughed employees to receive full parental leave pay entitlements
Employees planning to take paid parental or adoption leave whilst on furlough will be entitled to full pay based on their usual earnings rather than a furloughed pay rate.Announced by the government on 24 April 2020, the changes ensures that all employees intending to take time off following the birth, ...
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ArticleGovernment extends job retention scheme to end of June 2020
The government announced on 17 April 2020 it would be extending the job retention scheme to 30th June 2020 to financially support businesses and their employees during the Covid-19 (Coronavirus) pandemic.The scheme was put in place 1 March 2020 to cover a period of three months, however, due to the ...
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ArticleGovernment job retention scheme extended to support new staff
Newly hired employees may now be eligible to receive support through the government's Covid-19 (Coronavirus) job retention scheme.The government's new guidelines, published on 15 April 2020, extend the eligibility date by a further three weeks, enabling employees who were employed on or before 19 March 2020 to receive financial support. ...
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ArticleStaff eligible for job retention scheme if organisation faces liquidation
Employees whose organisation faces administration during the Covid-19 (Coronavirus) pandemic could still be eligible for the government's job retention scheme.According to government guidelines updated on 9 April 2020, an administrator will now be able to pursue the job retention scheme for the organisation's employees if there is a likelihood of ...
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ArticleTPR publishes pension guidance for employers during Covid-19
The Pensions Regulator (TPR) has updated its automatic-enrolment guidelines to assist employees during the Covid-19 (Coronavirus) pandemic. The new guidance ensures that employees' pensions are fully protected and employers are supported if they need to make any difficult decisions.The guidance also provides further information for employers about maintaining pension contributions.Despite ...
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ArticleGovernment confirms employees can receive furlough pay for multiple jobs
The government has confirmed that employees who are furloughed in one job, but continue to work for another employer, can receive the furloughed payment while receiving their normal pay from a separate employer.The government’s furlough Covid-19 (Coronavirus) job retention scheme allows furloughed employees to receive 80% of their salary, capped ...
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ArticleThe tax and legislation changes impacting reward from April 2020
With the arrival of the new tax year, new measures impacting pay and benefits are set to come into effect. Below is a round-up of these measures, along with other tax and legislation changes, that employers need to be aware of from 6 April 2020:The national living wage has increased ...
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ArticleGovernment to launch review of enterprise management incentive scheme
Budget 2020: Chancellor of the Exchequer Rishi Sunak announced on 11 March 2020 that the government will launch a review into enterprise management incentives scheme (EMI).The EMI scheme is a tax-advantaged share option scheme designed for smaller businesses, enabling them to reward staff with equity participation. The review will aim ...