All news – Page 95
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Creative Benefits research: Auto-enrolment could see employers throw away £2.1 billion a year
British employers could be wasting as much as £2.1 billion a year from 2012 when auto-enrolment is introduced, according to research conducted by Creative Benefits.The employee benefits consultancy has estimated that 20% of private sector employees, more than four million people, will not benefit from pensions savings or should opt ...
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Punter Southall research: One in five employees ‘want to opt out of pensions’
One in five respondents have seen employees wishing to opt out of pension schemes as a result of this year’s new tax regime, according to research by actuarial firm Punter Southall.And more than 40% thought that senior management would be less engaged in schemes over the longer term as a ...
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Nest Corporation research: Financial crisis changed saving behaviours of DC pension scheme members
The financial crisis significantly changed the saving behaviour of defined contribution (DC) pension scheme investors, according to research commissioned by the National Employment Savings Trust (Nest).The Reactions to volatility and loss research, conducted by DCisions, consisted of analysis of two groups of savers: a target or proxy group whose personal ...
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PMI Health Group research: Employers unaware of legal obligations to staff using display screen equipment
Nearly a third of organisations are unaware of their legal obligations to staff using display screen equipment (DSE).The research, commissioned by PMI Health Group, found that 28% of employers did not know they were responsible for looking after the health of their staff that use DSE.Over half (53%) of respondents ...
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PricewaterhouseCoopers research: Employees admit to pulling sickies
Some 83% of UK employees admit to lying about illness in order to take time off work, according to research by PricewaterhouseCoopers (PWC).Its poll of 1,190 people found that four in ten fake symptoms in the office in preparation for a day off, while 61% skive off because they are ...
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MetLife Assurance research: Longevity risk important to defined benefit pension schemes
Employees living longer could have a detrimental effect on pension scheme liabilities, according to new research by MetLife Assurance.Longevity risk was selected as 'important' by 38% of respondents to the UK Pension Risk Behaviour Index, up from 28% in 2010.According to trustees, longevity risk was the fourth most important risk ...
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EEF & JAM Recruitment research: Manufacturing pay settles to pre-recession levels
Pay in the manufacturing sector has levelled out in the three months to the end of June, according to pay data by manufacturers' organisation EEF and JAM Recruitment.The July 2011 Pay Bulletin found that the average pay settlement for the period was 2.5%, the same as the revised figure for ...
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LCP research: FTSE 100 offer cash payments instead of pension contributions
FTSE 100 companies are adapting to the removal of pensions tax relief for high earners by offering cash payments instead of pension contributions, according to research conducted by Lane Clark and Peacock (LCP).The LCP FTSE 100 Executive Pensions Survey showed that there had been a £42,000 fall in the average ...
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Punter Southall research: Senior management will be less engaged with pensions due to tax changes
More than 40% of senior management staff will be less engaged with their pension schemes as a result of tax changes introduced on 6 April 2011, according to research by pension actuaries Punter Southall.The survey also shows that around 20% of respondents have already had experience of members wishing to ...
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Aviva UK Health research: Long-term absence has major impact on morale
Long-term absence has a major impact on both businesses and staff morale, according to research by Aviva UK Health.The Group Risk Review found that while 69% of employers said that long-term sickness absence is an important issue for their business, just under a quarter of employees (23%) are deterred by ...
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Office of Tax Simplification to review employee share schemes
A review by the Office of Tax Simplification (OTS) will look at employee share schemes.The agreed terms of reference for the review are included in a letter published on 13 July by David Gauke, exchequer secretary for the OTS.The employee share schemes project will initially examine the four tax-advantaged or ...
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CIPD research: Pay squeezes reduce impact of economy on employment
The Chartered Institute of Personnel and Development (CIPD) has revised its forecast for UK economic and employment growth but expects pay cuts and freezes to moderate the impact.The downward revision is due in part to lower-than-expected unemployment in the first quarter of 2011, and also to the expectation that a ...
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Vielife research: Health and wellness issues absent from boardrooms
UK boardrooms lack strategic discussion about employee health and wellness, according to research by Vielife and London South Bank University.The Workplace Wellness Study, conducted among senior HR and finance people, found that only 41% of organisations discuss employee health and wellbeing at board level, despite 68% of respondents stating that ...
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Government launches call for evidence on tax and NIC integration
The government has launched a call for evidence as part of its consideration of the integration of the operation of income tax and national insurance contributions (NICs).Chancellor George Osborne had announced the intention to consult on the integration of income tax and NIC in the March budget.The informal consultation will ...
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Towers Watson research: Pension funds’ global alternative assets grow to USD 952 billion
The alternative assets managed on behalf of pension funds by the world’s largest managers grew 16% in 2010 to USD 952 billion, according to research by Towers Watson in conjunction with the Financial Times.The Global Alternatives Survey also found that total assets under management for these managers increased by 12% ...
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Mercer research: Less than half of employees think they are paid fairly
Less than half of employees (41%) feel they are paid fairly for the job they do while 54% think they are treated fairly at work, according to research conducted by Mercer.†The What’s Working survey also found that 42% of employees believe they are recognised for doing a good job, and ...
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Legal and General research: Older employees more likely to opt out after auto-enrolment
Older employees claim they will opt out of an occupational pension scheme following auto enrolment when the 2012 pension reforms begin to come into effect from next year, according to research by Legal and General.Those in their 50s and 60s are likely to rely on the state pension and opt ...
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Cigna Healthcare Benefits research: Only 5% of UK staff receive dental benefits through employers
Only 5% of British employees have a dental plan through their employer, according to research byCigna Healthcare Benefits has revealed.The research also found that, while 93% of respondents rated their dental health as important or very important, nearly a third had to delay or cancel treatment due to cost.Additionally, 21% ...
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HMRC research: Employees are donating more money to charity
Figures from HM Revenue and Customs (HMRC) show that employees taking part in workplace giving schemes are giving more.During 2010 employees were giving £8 million more than they did the previous year and the average monthly gift also therefore grew from £12.20 in 2009 to £13.19 in 2010/11.†However, there has ...
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ONS research: Gap between public and private sector pay widens
The gap between average earnings in the public and private sectors has increased since April 2007, according to figures from the Office for National Statistics (ONS).Its article, Public and private sector earnings: Estimating differences in public and private sector pay, found that in April 2010, public sector employees were paid ...