All Analysis articles – Page 69
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Analysis
How to reduce sickness absence
Health and work are intrinsically linked. Worklessness due to ill health has huge, adverse effects on individuals, businesses and the public sector, and consequently the economy as a whole. It is an area of policy where England is falling behind other countries, so much so that the annual cost of ...
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AnalysisKey points to tell staff about annuities
IF YOU READ NOTHING ELSE, READ THIS…Employers should encourage staff to consider their retirement options five to 10 years before their retirement date.By disclosing information about their lifestyle, for example whether they are overweight or a smoker, employees could get a more beneficial annuity rate.Employees should be encouraged to shop ...
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Analysis
Round-up of health and wellbeing research 2-12 to 2013
Employee Benefits has perused the past year’s health and wellbeing research to pull out the top issues that employers and employees are facing around workplace health.Mounting workplace stress, absence management and the affordability of healthcare benefits have been some of the biggest concerns in 2012 and early 2013.The Employee Benefits/Cigna ...
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Analysis
How to integrate fitness into a health strategy
Providing opportunities for physical activity to employees, particularly those who do not meet current criteria for such activity, has many benefits for employees and employers.The advantages of physical activity are well-established: lower obesity rates, increased psychological wellbeing, lower levels of stress and depression, and less risk of cardiovascular disease, type ...
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AnalysisUse employee data to target health strategy
IF YOU READ NOTHING ELSE, READ THIS…Employee health data can be collected through sickness absence records, private medical insurance and group risk claims, health screening and employee assistance programmes.Collected data can be mined to create a storyboard that shows the health profi le of the entire workforce.Targeted and effective health ...
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AnalysisBright future for workplace savings platforms
IF YOU READ NOTHING ELSE, READ THIS…Workplace savings platforms can offer a range of savings products.The platform market is young and providers are at various stages of product development.Employee take-up of fi nancial products via savings platforms remains low.Ask most workplace savings providers and employee benefits consultants about the future ...
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AnalysisAuto-enrolment tips from Australia and New Zealand
IF YOU READ NOTHING ELSE, READ THIS…The Australian Superannuation Guarantee Fund was introduced 20 years ago as a compulsory scheme.New Zealand’s Kiwisaver, which was launched in July 2007, more resembles auto-enrolment in the UK, with employees allowed four weeks to opt out.Areas where UK employers can learn from both implementations ...
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AnalysisDevelopments in benefits apps and modellers
IF YOU READ NOTHING ELSE, READ THIS…Originally developed as part of flexible benefit schemes, standalone modellers are becoming more common.Modellers and apps are most appropriate for benefits that have financial implications, such as pensions, flexible benefits, company cars or buying and selling holiday, but can also be used for other ...
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Analysis
How should employers select auto-enrolment help?
IF YOU READ NOTHING ELSE, READ THIS…Many pension services are available to help employers through the auto-enrolment process.Support is available from pension and payroll providers, as well as employee benefits consultants.Employers may opt to use one or a range of consultants to help them implement their strategies.Auto-enrolment is likely to ...
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AnalysisWorkforce analysis is key to auto-enrolment
As the parent company of a range of smaller recruitment ?rms, Adecco will begin auto-enrolling staff on 1 March and will continue doing so at various stages until 2016. The organisation has 3,000 monthly-paid staff, who will all eventually be enrolled into a group personal pension (GPP) plan, while 20,000 ...
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Analysis
How to choose a payroll provider for auto-enrolment
IF YOU READ NOTHING ELSE, READ THIS…Payroll providers are a key part of the auto-enrolment process.However, not all payroll providers offer an integrated service.Employers should identify any gaps in their payroll provider’s service support as soon as possible.The payroll market spent much of last year under fire from employers and ...
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Analysis
What are white-labelled pension funds?
IF YOU READ NOTHING ELSE, READ THIS…White-labelled pension funds are growing in popularity as employers face more pension responsibilities.A white-labelled fund allows an employer to make changes without extensive employee communication.White-labelling can bring an element of future-proofing because employers are not tied to a single investment manager.Pension fund white-labelling is ...
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AnalysisTop tips to cut the cost of fleets
IF YOU READ NOTHING ELSE, READ THIS…There are many ways employers can cut their fleet costs, which they can identify by carrying out a policy review.Employers can ask staff to take more responsibility for the way they drive and treat a company car, to help generate cost savings across the ...
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AnalysisConsequences of the retail distribution review
IF YOU READ NOTHING ELSE, READ THIS…Commission to advisers selling pension and investment products was banned on 31 December 2012.Employers can still pay for corporate pensions advice out of employees’ contributions through consultancy charging, but only in certain circumstances.Demand for financial advice, education and information is likely to soar as ...
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AnalysisApproved share schemes to be simplified
IF YOU READ NOTHING ELSE, READ THIS…HM Revenue and Customs is to introduce a number of proposals for approved share schemes with immediate effect.The Finance Bill 2013 includes legislation to simplify share schemes, including retirement and ‘good leaver’ rules.Self-certification for share schemes will be introduced in 2014.The four HM Revenue ...
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AnalysisTailor pre-retirement education to employee age groups
IF YOU READ NOTHING ELSE, READ THIS…Different generations in the workplace have different financial pressures and varying levels of financial knowledge.It is important to offer financial education to employees of all ages in order to increase their financial awareness.Targeted pre-retirement planning should start at least 18 months to two years ...
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Analysis
Slides: Employee Benefits Pensions and Workplace Savings Summit 2013
NOTE: slides are only for delegates to this event and may not be distrubuted without the presenters’ permission.Slides for Thursday 31 January 201310:30 – 11:00Latest Workplace Savings Policy Developments Bridget Micklem, Head of Private Pensions Policy and Analysis, Department for Work & PensionsSLIDES NOT AVAILABLE11:00 – 11:40Caveat Venditor – The ...
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AnalysisHow to use due diligence to select a benefits provider
IF YOU READ NOTHING ELSE, READ THIS…Identify core financial measures that show a provider’s health and growth potential.Try to visit providers’ premises to ensure they are the organisation they say they are.Ask for the details of several existing clients and contact them. Don’t just accept the ones that providers put ...
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AnalysisAuto-enrolment: experiences so far
IF YOU READ NOTHING ELSE, READ THIS…The auto-enrolment process has brought new responsibilities for employers, for example, regarding the opt-out process.Employers have found auto-enrolment a useful catalyst for re-issuing communication to employees about their pension scheme.Employers that have begun to auto-enrol staff recommend that others allow plenty of time to ...
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Analysis
Pension schemes' impact on a business
IF YOU READ NOTHING ELSE, READ THIS…Most employers with DB schemes expect a negative impact on the business’s financial performanceM&A activity and the ability to raise finance are being stifled by DB deficits.Auto-enrolment is expected to add to employers’ cost burden.An employer’s pension scheme, particularly if it offers defined benefits ...