All Analysis articles – Page 93
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Analysis
Changing times for Telegraph Media Group
High-profile changes have been the big news for Telegraph Media Group’s pensions and benefits in the past three years, says Debbie LovewellDespite operating in a sector that was hit hard by plunging advertising revenue in the recession, Telegraph Media Group appears to have weathered the storm. According to the Audit ...
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Analysis
Group risk: How the market is changing
If you read nothing else, read this . . .Phasing out the default retirement age will have a negative impact on both employers and employees, because group risk products could become more expensive.The Equality Act 2010 could affect pricing in the group risk market because the cost of these products ...
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Analysis
Group risk: Rising to meet the new challenges
The group risk market is having to adapt to changing circumstances, says Andrew Tripp, chairman of the Association of Medical Insurance Intermediaries. Nicola Sullivan reportsThe traditionally rather staid group risk market is currently facing a number of challenges. For example, a softening on premiums has made the market more competitive ...
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Analysis
Gifts of recognition boost staff motivation
If you read nothing else, read this …Small gifts can be more visible and therefore motivating for staff than more expensive perks that can be overlooked.They can send a clear message to staff that they are valued and create a buzz in the workplace.Such gifts can include a bunch of ...
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Analysis
Group risk: Room for improvement in administration
If you read nothing else, read this . . .For years, the group risk industry has lagged behind other benefits sectors in the efficiency and accuracy of its administration systems.The Group Risk Development (Grid) service standards working party has adopted a declaration of service standards for all key areas of ...
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Analysis
Group Risk Report 2011
Download a PDF of the Group risk supplementMarket is changingRising to meet the new challengesLimited-term group income protectionRoom for improvement in administrationSponsor’s comment: Time is right to take advantage of group risk benefitsThere has never been a better time to consider the benefits that group risk can bring to your ...
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Analysis
Group risk: Limited-term group income protection
If you read nothing else, read this . . .Limited-term income protection policies are a cheaper alternative to traditional products that pay through to retirement by offering a set payment period, such as two, three or five years.Premiums for limited-term products are, on average, 40-45% less for a plan that ...
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Analysis
User-chooser car schemes pay off
If you read nothing else, read this …User-chooser fleet arrangements are designed to ensure the most cost- and tax-efficient funding method is used for each employee.It is important for employer and employee to consider the whole-life costs of the arrangement to decide which route is best.Savings available through user-chooser fleet ...
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Analysis
Pensions roundtable: Financial education is vital
Getting staff interested in financial matters is not easy, but it is a necessity when it comes to pensions, says Matthew CraigAs any compensation and benefits professional knows, the level of financial knowledge among today's employees varies hugely.Some staff may want online access to their pension pot to implement their ...
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Analysis
Pensions roundtable: How to offer a defined contribution pension
In the past, defined benefit (DB) plans operated on a trust basis - a proven format offered along with independent oversight supplied by a board of trustees assisted by professional advisers.But the mass migration to defined contribution (DC) pensions has changed this and put more responsibility on the employer. This ...
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Analysis
Salary sacrifice company cars: Choosing vehicles and providers
Deciding on the make-up of your fleet and the best provider to meet your needs calls for some careful calculationsWith new offers and providers entering the market all the time, company car salary sacrifice is becoming both more popular and more competitive. Ask any leasing provider whether they are the ...
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Analysis
Salary sacrifice company cars: How to promote the scheme
A varied and effective communication strategy is essential to make sure your scheme succeedsHowever good your offer or provider, if staff do not know about your scheme, are not clear about how it works or simply are not interested, then all that hard preparatory work can come to nothing.Promoting your ...
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Analysis
Salary sacrifice company cars: Understanding the risks
Fleet salary sacrifice is not without its risks, and employers and employees should recognise the potential financial pitfallsCompany car salary sacrifice schemes bring many benefits, both to employer and employee, but they are not risk-free and will not suit every business.It is imperative that both employers and employees are fully ...
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Analysis
Salary sacrifice company cars: How to implement a scheme
Planning, communication and co-ordination are vital elements to get a fleet salary sacrifice scheme off the groundOne of the attractions of fleet salary sacrifice for the employer is that, if it is done well, there should not be a great deal of internal administration needed once the scheme is up ...
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Analysis
Salary sacrifice company cars: What is salary sacrifice?
Salary sacrifice is a tax-efficient way to give staff access to company cars. Both employee and employer save on tax and NI contributionsIn the post-recessionary economic climate, salary sacrifice means more than you might first think.At a technical level, company car salary sacrifice is, simply, a mechanism through which an ...
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Analysis
Salary sacrifice company cars: Building a business case
The benefits of a company car salary sacrifice scheme might seem obvious, but the selling points must be set out clearlyBuilding the business case for car salary sacrifice schemes involves two things: making the case internally for doing so in the first place, and making the case to employees once ...
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Analysis
Salary sacrifice company cars: What are the tax breaks?
Tax and national insurance breaks are the driving force behind take-up of salary sacrifice car schemesSalary sacrifice is a matter of employment law, not tax law, in that it will result in a change in employees' terms and conditions because they must give up their contractual right to the cash ...
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Analysis
Benefits keep employees working well
Employees need physical and psychological maintenance to keep them performing effectively and benefits can be the best tools, says Sam BarrettRegular services, maintenance schedules and instruction manuals go along with everything from the office air conditioning system and photocopier to forklift trucks in the warehouse. But when it comes to ...
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Analysis
Salary sacrifice company cars: Sponsor's comment: Salary sacrifice for cars has come of age
This article is supplied by Zenith ProvectaOver the past 18 months, interest in salary sacrifice for cars has increased dramatically among HR and reward professionals, benefits providers, finance directors and employees, writes Ben Creswick, head of business development, Zenith Provecta.This has been driven mainly by the volume of businesses implementing ...
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Analysis
How to manage: Salary sacrifice company cars 2010
Download a PDF of the Salary sacrifice company cars supplementWhat is salary sacrifice?What are the tax breaks?Building a business caseHow to implement a schemeUnderstanding the risksHow to promote the schemeChoosing vehicles and providersCase studiesSponsor's comment: Zenith ProvectaEditor's comment: Debi O'Donovan, editor, Employee Benefits magazine:Making the most of tax breaks on ...