All news – Page 94
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LCP research: FTSE 100 pension scheme deficits plummet
The combined pension scheme deficits of the UK’s biggest organisations plummeted by almost two-thirds in the past year, according to the Lane Clark and Peacock's annual Accounting for Pensions report.The report showed that the aggregate FTSE 100 pension deficit now stands at £19 billion, down from £51 billion the previous ...
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Hay Group research: Graduates gunning for big salaries
Graduates entering the job market are more concerned than ever about winning a big salary, as economic uncertainty and rising living costs put pressure on them to earn more.A new study by management consultancy Hay Group shows that salary is the number one concern for graduates, with 93% describing base ...
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Reabur research: Employers do not expect mothers to return after maternity leave
Nearly two-thirds (64%) of employers do not expect female employees to return to work after their maternity leave, according to research by Reabur.The survey of almost 2,000 organisations by the online independent HR consultancy also found that almost half (47%) believe this is because of previous experience.Furthermore, 23% of respondents ...
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Lex Autolease research: Cost of hybrid or electric cars a barrier for employers
Four in 10 financial directors would not pay a financial premium to introduce hybrid or fully electric cars to their fleets, according to research by Lex Autolease.The fleet provider, which polled 100 employers across the UK, also found that just over half (53%) would invest in hybrids and electric cars ...
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ALD Automotive research: Average CO2 emissions down in company cars
The average carbon dioxide emissions of new company cars have dropped to an all-time low of 138.1g per km, according to research by ALD Automotive.That figure compares with an average figure of 142.6g per km in 2010 and 166.8g per km in 2003.The research also found that environmentally friendly cars ...
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GE Capital research: Company cars grow in importance
The importance of company cars as a business tool has increased among employers in the past two years, according to the quarterly Company Car Trends research by GE Capital, Fleet Services.For essential car users, the perceived importance of the company car is now rated on aggregate almost nine out of ...
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MIB Data Solutions research: SMEs stick to outright purchase of company cars
Outright purchase remains the preferred form of company car acquisition among small- and medium-sized employers.According to a survey of 1,317 fleet managers by MIB Data Solutions, the vast majority (1,163) preferred to buy company cars outright, while 685 use some form of leasing and 259 do both.Nick Boddington, managing director ...
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Wealth at Work research: Employers to offer support during retirement changes
The majority (85%) of employers will provide some sort of employer-sponsored support using a combination of communications, financial education and/or advice for staff in response to forthcoming legislative changes, according to the Rethink retirement survey 2011 by Wealth at Work.The removal of the default retirement age (DRA), which will be ...
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Employee Benefits/Worplace Savings Research 2011: Investment
Employers are grasping the importance of adequate default funds and ensuring employees understand their investment choices, says Debbie Lovewell†More than three-quarters of respondents that offer a defined contribution (DC) pension scheme include at least one default investment fund for staff who do not choose to make active investment decisions. Some ...
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HMRC wins car allowance tribunal against Total People
HM Revenue and Customs (HMRC) has overturned a first-tier tribunal decision that found business motoring allowances paid to staff at training firm Total People were exempt from national insurance contributions (NIC).The case, from August 2010, concerned whether the NIC relief for business travel could be used, not only on a ...
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Ant Donaldson: What impact would integrating tax and NI have on reward?
Ant Donaldson, senior specialist, employee benefits at E.On UK:Anything that simplifies tax regulations has to be viewed in a positive light, provided people do not lose out.Income tax and national insurance (NI) have different thresholds and limits and interact with reward in varying ways, making it hard to explain them ...
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Employee Benefits Workplace Savings and Pensions Research 2011: Contributions
Many employers are already contributing more to their pension schemes than will be required under the Pensions Act 2008, says Debbie Lovewell†When the Pensions Act 2008 begins to come into effect next year, employers will be required to auto-enrol all eligible employees into either a qualifying workplace pension scheme or ...
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Employee Benefits Workplace Savings Research 2011: Attitudes
Most employers are getting serious about ensuring their employees' long-term financial wellbeing, but some feel they should be doing more, says Debbie LovewellDespite sensationalised press coverage to the contrary, employers appear to take their responsibility for employees' long-term financial wellbeing seriously. Nine years ago, 51% of respondents said they felt ...
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Employee Benefits Workplace Savings and Pensions Research 2011: Schemes on offer
As the move from DB to DC pension schemes continues, employers are helping staff take a more holistic approach to workplace savings, says Debbie Lovewell†Just 4% of respondents now only operate a DB arrangement, while 71% only offer DC and 25% offer both types of scheme. More than half (54%) ...
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Employee Benefits Workplace Savings and Pensions Research 2011: Legislation
Employers are focusing on the effects of next year’s pension reforms, including how to mitigate any increased costs from compliance, says Debbie LovewellWith the Pensions Act 2008 due to begin taking effect next year, employers must increasingly consider the impact it will have on their pension schemes and plan how ...
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Employee Benefits Workplace Savings and Pensions Research 2011: Key Findings
Our survey, which was carried out in June 2011 among readers of Employee Benefits magazine and users of www.employeebenefits.co.uk, received 261 responses†KEY FINDINGS 74% say complying with the 2012 pension reforms will increase costs. 38% intend to review future pay increases to help fund compulsory employer contributions, while 30% will ...
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Employee Benefits Workplace Savings and Pensions Research 2011
Key findingsLegislationSchemes on offerAttitudesContributionsInvestment†Editor’s commentThere is now just over a year to go until the Pensions Act 2008 comes into effect for the first tranche of employers.Planning for the reforms and considering the impact compliance is likely to have on their pensions provision and overall costs will be an increasing ...
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Friends Life research: No shattering of glass ceiling before 2020
The glass ceiling preventing women from climbing to the upper rungs of the corporate ladder will still be firmly in place at the end of this decade, according to a new report from Friends Life.The report, entitled Working Women and part of Friends Life’s Vision of Britain 2020 series, reveals ...
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Barnett Waddingham research: Employers face defined benefit risks
Twenty-nine organisations in the FTSE 350 have deficit contributions that exceed free cashflow, according to new research by Barnett Waddingham.The research highlights the impact defined benefit (DB) - or final salary - pension schemes are having on UK businesses.In addition, for more than 70 organisations the annual DB deficit contributions ...
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World at Work and Hay Group research: Career development is top reward fairness concern
Career development opportunity is the top concern in reward fairness, according to new research by World at Work, Hay Group and Professor Dow Scott from Loyola University Chicago.The Reward fairness: slippery slope or manageable terrain? report identified the criteria that have the biggest impact on employee perceptions of reward fairness.After ...