All news – Page 96
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Mercer research: Pay regulation creates unlevel playing field in financial services
European and US pay regulations have created an unlevel playing field in financial services, creating a disadvantage in the competition for high-performing staff, according to a survey by Mercer.Its Global Financial Services Executive Incentive Plan Snapshot Survey, shows European banks may have to pay more to attract top talent to ...
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Aon Hewitt research: European pension schemes plan to de-risk
Pension schemes across Europe have placed de-risking at the top of the agenda, according to research by Aon Hewitt.Its Global Pension Risk Survey 2011 found that five times more respondents than in the last survey published in 2009, indicated they are now viewing their scheme over a 20-year period to ...
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Pension Corporation research: Trustees plan to cut equities allocation
Almost three-quarters (73%) of occupational pension trustees plan to reduce their allocation to equities in the next year, according to research by the Pension Corporation.The Future of Pension Funds 2011 survey of trustees found that 22% expect to receive company assets, such as property, in lieu of cash contributions to ...
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Employee Benefits/Friends Life Group Risk Research 2011
Download a PDF of the Employee Benefits/Friends Life Group Risk Research 2011Key findingsCurrent issuesAttitudesActions takenBenefits on offerCostSponsor’s commentEditor’s comment:Several government initiatives and new pieces of legislation over the past 12 months have increased many employers’ focus on group risk benefits. The removal of the default retirement age, the Welfare Reform ...
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Aon Hewitt research: Employee healthcare costs on the rise
Employee healthcare costs have risen by over 50% in the last five years, according to Aon Hewitt's Benefits and Trends Survey.The research, involving 480 UK employers, found 69% want to reduce costs, and 67% have experienced rising healthcare premiums. Nearly one-third of employers plan to revise their healthcare perks to ...
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Group Risk Research 2011: Sponsor's comment: Reducing sickness absence is a valuable achievement for all
Group income protection is proving its worth for both employers and employees in difficult times, says Declan White, group protection marketing manager at Friends LifeIn February this year, the government called for a major review of the sickness absence system in the UK in order to help combat the 150 ...
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Group Risk Research 2011: Benefits on offer
Critical illness insurance has increased in popularity as a voluntary benefit, while income protection for expatriate staff is also on the rise, says Tynan BartonEmployers are more likely to offer life assurance/death-in-service benefits to staff as a core benefit, rather than through an employee-paid voluntary benefits scheme. This may be ...
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Group Risk Research 2011: Cost
Some employers still do not know what they spend on benefits provision in this area, but many focus on obtaining quality, good-value products, says Jennifer PatersonWhen selecting a provider for both healthcare and group risk benefits, the top factors respondents look for are the quality of the product or service, ...
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Group Risk Research 2011: Actions taken
Employers continue to seek economies, with many reviewing their providers or advisers and the fees or commission they pay, says Tynan BartonThe economy has put pressure on employers to cut the cost of their group risk benefits, as cited by 48% of respondents. Over half (58%) have reviewed their providers ...
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Group Risk Research 2011: Current issues
Many employers are unconvinced of the effectiveness of fit notes and other government reforms in helping to reduce sickness absence, says Tynan BartonOn 6 April 2010, the Department for Work and Pensions introduced the fit note to replace doctors’ sick notes, switching the focus from what a person cannot do ...
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Group Risk Research 2011: Key findings
Our group risk survey was carried out in April 2011, with analysis based on 356 responses from Employee Benefits readers and users of www.employeebenefits.co.ukKEY FINDINGS41% believe government plans will help get the long-term sick back to work.36% believe they will need to review their absence strategies in response to the ...
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Group Risk Research 2011: Attitudes
Employers see group risk benefits as an important recruitment, retention and reputational tool, as well as helping to control costs, says Jennifer PatersonFor the most part, employers’ top objectives in providing group risk benefits are the same, whether they offer group risk benefits alone or in conjunction with their healthcare ...
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Metlife research: Private sector employers consider cutting holiday to reduce benefits costs
A quarter (25%) of private sector employers are considering cutting holiday entitlement for staff in order to reduce the costs of employee benefits, according to research by MetLife.The Metlife 2011 International Employee Benefits Trends Survey, which surveyed 403 small and medium enterprises (SMEs), revealed that 27% of organisations believe they ...
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CBI and Hays research: Employers are tuned into flexible working
Reward packages of the future will increasingly reflect the needs of employees, according to research conducted by the Confederation of British Industry (CBI) and Hays.Employers are thinking more flexibly about reward but perks will be driven by employee demand more and more.The report Thinking positive: the 21st century employment relationship, ...
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CIPP research: Only 10% of employers will allow flexible working during Olympics
Just 10% of employers will allow staff to work flexibly during the 2012 Olympics, according to a poll by the Chartered Institute of Payroll Professionals (CIPP).Less than half of the respondents said that they do not know if their employer will allow flexible working.Diana Bruce, senior policy liaison officer at ...
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ALD Automotive/YouGov research: Financial directors unsure of fleet ownership costs
More than a third of UK financial directors are unsure of how to calculate the total cost of ownership of their business cars, according to new research by ALD Automotive and YouGov.The ALD corporate survey revealed that 35% of financial directors are unsure of how to make this calculation, and ...
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WorldatWork research: Most employers offer a car benefit to staff
The majority of organisations (89%) offer some type of car benefit to employees, according to research by WorldatWork among its primarily US-based as well as global members.The Vehicle-Related Benefits Survey 2011 found that, of these organisations, 49% offer a minimum of three fleet benefit programmes to their workforce.The most common ...
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Close Asset Management research: Most employers with a low take up of benefits do not offer financial education
Many employers (92%) that suffer from a low take up of benefits do not offer financial education to staff, according to research by Close Asset ManagementThe research, conducted among 2,000 employers in the UK, found that 83% of organisations that suffer from low uptake have not looked at how to ...
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Wealth at Work research: Only 23% of employers think staff are aware of retirement options
Only 23% of employers believe their employees are aware of the various retirement income options that are available, according to research conducted by Wealth at Work. The Rethink Retirement Survey 2011 also showed that 60% of respondents also believe there will be an increased requirement for specialist retirement advice. Jonathan ...
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MetLife research: Employees fail to plan for financial security
Employees are failing to act on fears for financial security by planning for retirement, according to new research by MetLife.Despite the global financial crisis, the MetLife 2011 International Employee Benefits Trends Survey found that many employees across Australia, Brazil, India, the UK and Mexico, under-save, lack retirement planning and irregular ...