All news – Page 84
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Employee Benefits Pensions and Workplace Savings Research 2012: Retail Distribution Review
Under the Retail Distribution Review (RDR), which will come into effect on 31 December 2012, commission payments from contract-based defined contribution pension providers to benefits consultants and advisers will be banned. Instead, employers will have to pay a fee and/or commission to their consultant or adviser, agreeing upfront how much ...
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Employee Benefits Pensions and Workplace Savings Research 2012: Workplace Savings
When it comes to financial planning, few people look at a single savings vehicle in isolation. Taking a holistic view of their finances can be the most effective way for people to identify the best savings tools for their short-, medium- and long-term future.Employers now have a number of workplace ...
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High Court ruling will protect the pension benefits of Urenco employees
A ruling from the High Court on 12 June against nuclear fuel company Urenco will protect the pension benefits of 13,000 former employees of British Nuclear Fuels (BNF) and the UK Atomic Energy Authority (UKAEA).The ruling stated that the pension protection provided by the Energy Act 2004 for the former ...
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B&CE appoints independent trustees for The People's Pension
B&CE has announced the appointment of the board of trustees for The People’s Pension.It has selected Pan Governance, an independent trustee firm, and its corporate director and chief executive Steve Delo will be appointed as chairman.Alan Pickering, chairman of BESTrustees, will also join as a director of the board of ...
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Employee Benefits/Cigna UK HB Healthcare Research 2012
Download a PDF of the Employee Benefits/Cigna UK HB Healthcare Research 2012Editor’s comment:Our 14th annual healthcare research reflects the pressures many employers are experiencing because of the current economic climate. As the UK has once again entered into recession, more than half of our respondents say they have come under ...
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Healthcare research 2012: Key Findings
Our survey was carried out in April 2012, with analysis based on 216 responses from Employee Benefits readers and users of www.employeebenefits.co.uk††††Read more Healthcare research 2012
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Healthcare research 2012: Stress
More than half of respondents now have specific benefits or strategies to tackle stress in the workplace, and concern for staff wellbeing is the main driver, says Debbie LovewellThis year has seen a big rise in the percentage of respondents that have implemented specific benefits or strategies to tackle stress. ...
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Healthcare research 2012: Current issues
Healthcare benefits are being used increasingly to help employees cope with stress, while fit notes have had little impact on the workplace so farThe difficult economic climate of the past few years has affected people in numerous ways. For many, a recurring theme has been increased pressure and stress, be ...
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Healthcare research 2012: International
More than half of respondents have a business presence outside the UK, and healthcare benefits are a key attraction for employees working abroad, says Debbie LovewellIn the light of new, rapidly growing markets across the globe, it is perhaps unsurprising that the percentage of respondents with operations or divisions outside ...
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Healthcare research 2012: Benefits offered
Employee assistance programmes' rise in popularity continues as employers seek to support staff who may be under pressure for a variety of reasons, says Debbie LovewellThe top core healthcare benefits have changed little in recent years, although the order in which they are ranked has altered slightly. For the second ...
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Healthcare research 2012: Changes
The economy has put employers under increasing pressure to reduce the cost of benefits, with many seeking better deals from providers and insurers, says Debbie LovewellAs the economic climate has deteriorated once again over the past year, more than half (57%) of respondents say they have come under increased pressure ...
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Healthcare research 2012: Attitudes
Cost remains the dominant influence on employers’ decisions to provide healthcare benefits, but most still do not measure the return on their investment, says Debbie LovewellSince 2006, cost has remained the most important factor influencing employers’ decisions to buy, or to continue to offer, healthcare benefits. Cost and obtaining the ...
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Healthcare research 2012: Sponsor's comment: Benefits of health are clear
A co-ordinated approach is needed to get the best out of healthcare benefits, says Kirsty Jagielko, head of product management at Cigna HealthCare Benefits (UK HB)There is no doubt that, as employers, we accept the business benefits of having a healthier workforce. It is great to hear that more employers ...
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Healthcare research 2012: Sickness absence
Reactive perks such as employee assistance programmes and private medical insurance have risen in importance as ways to help reduce sickness absence, says Debbie LovewellBenefits designed to help employers manage employees’ mental and physical wellbeing top the list of methods to reduce sickness absence levels. This year, respondents cite employee ...
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HMRC reminds employers about late penalties for annual tax return
HM Revenue and Customs (HMRC) has written to employers this week with a reminder about the late penalties for missing the 19 May deadline for their 2011-12 employer annual returns.Employers that missed the deadline will receive an increased penalty if they do not act by 19 June.Even if an employer ...
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High Court rules that BBC pension scheme cap is legal
The High Court has ruled that the BBC pension scheme reforms, which cap future pensionable salary increases at 1%, are legal.The judgement, Bradbury vs. BBC, dealt with an appeal to the decision of the pensions ombudsman in a case brought by John Bradbury, a member of the BBC Philharmonic Orchestra. ...
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Beecroft report on employment law published
The Beecroft Report on employment law has been published by the Department for Business Innovation and Skills (BIS).Business secretary Vince Cable said the report, which was written by venture capitalist Adrian Beecroft, has been published to dispel some of the myths that have been associated with it.He added: “Because of ...
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Report on employment law to be published
A report on employment law, known as the Beecroft report, will be published this week.The report, written by venture capitalist Adrian Beecroft and commissioned by prime minister David Cameron’s former chief policy adviser Steve Hilton, is likely to include the following proposals: Delaying the pension reforms, which would force employers ...
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Benefits research 2012: Legislation
This year will finally see the introduction of legislation under the Pensions Act 2008. From October, the first tranche of employers (those with more than 120,000 staff) will be required to comply with the reforms, which will see the introduction of automatic enrolment to a qualifying pension scheme, compulsory minimum ...
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Benefits research 2012: International benefits
The number of employers that operate a global benefits framework has grown in the last few years.Offering benefits on this basis can offer several advantages for employers. As well as achieving cost and efficiency savings, it can also help an organisation build a single, overarching benefits brand that is recognisable ...