All Article articles – Page 456
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Article33% feel pressure not to take time off work for a doctor's appointment
A third (33%) of respondents cite pressure not to take time off from work as the reason for cancelling, missing or postponing an appointment with a GP, according to research by Doctor Care Anywhere and YouGov.The survey of 1,010 middle managers and employees in private organisations also found that 37% ...
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ArticleFCA consults on annuity comparator implementation
The Financial Conduct Authority (FCA) has launched a consultation on its plans to require annuity providers to inform consumers about how much they could gain from shopping around before a potential annuity purchase.The introduction of an annuity comparator aims to encourage individuals to shop around for a competitive annuity product ...
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ArticleDHL Supply Chain staff to strike over pay
DHL distribution staff who are members of trade union GMB are to strike on Monday 28 November 2016 in a dispute over pay.Union members at Spectrum for Arcadia, a division of DHL Supply Chain, have voted to walk out of the Birmingham-based depot on so-called Cyber Monday, a day when ...
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ArticleDo not miss Employee Benefits Wired: maximising pensions potential
Employee Benefits Wired: maximising pensions potential, presented in association with Close Brothers Asset Management, will be broadcast live at 11am on Tuesday 29 November 2016. The debate can be viewed for free on EB TV.The online panel discussion will provide insight on the key factors impacting pensions. This will include ...
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ArticleLidl UK to increase pay in line with voluntary living wage
Supermarket Lidl UK is to increase minimum pay in line with the new voluntary living wage rates from 1 March 2017 as part of its ongoing pay strategy.Lidl employees across England, Scotland and Wales will receive a minimum of £8.45 an hour, and £9.75 an hour in London. The pay ...
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ArticleCarlsberg doubles salary for four-hour beer tasting job
Something for the weekend: Carlsberg Singapore has doubled the salary for what it describes as #ProbablyTheBestJob. The organisation is recruiting for a very exclusive beer taster position, offering an impressive S$20,000 (£11,211) for just four hours of work.The successful candidate will act as a Carlsberg ambassador. This involves drinking Carlsberg ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk between 17 and 23 November 2016 were: Keep up to date with the Autumn StatementGovernment limits tax-efficient salary sacrifice arrangementsBupa to acquire Oasis Dental CareCostco and Sainsbury's are recognised for payroll giving schemesPackaging workers to strike over payBenchmark your pay and benefits ...
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ArticleEXCLUSIVE: 57% of employers measure gender pay differences
EXCLUSIVE: More than half of respondents currently measure differences in gender pay, according to research by Paydata.Its Autumn 2016 UK reward management survey, which surveyed 140 organisations, found that this is up from 44% a year ago.In addition, the research found that 33% of respondents will address the cost of ...
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ArticleHow the Autumn Statement 2016 will impact employee benefits
On 23 November 2016, Chancellor Philip Hammond delivered his Autumn Statement 2016 speech. Below is a round-up of the key announcements with a bearing on employee benefits:From April 2017, the government will limit the range of benefits that attract tax and employer national insurance (NI) advantages when offered through a ...
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ArticleEXCLUSIVE: 73% have conducted a pensions communication exercise in the last year
EXCLUSIVE: Almost three-quarters (73%) of employer respondents have carried out a pensions communication exercise within the last year, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, also found that 18% of respondents have undertaken a pensions communication exercise ...
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ArticleHow can an organisation streamline the costs of a global benefits strategy?
Need to know:Multinational pools and captives can streamline insurance processes and lead to a reduction in benefits spend.Employers can utilise their scale and size to help drive efficiencies in purchasing larger contracts across numerous locations for a discounted price, rather than smaller, individual contracts.A global consultancy or broker will have ...
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ArticleGovernment limits tax-efficient salary sacrifice arrangements
Autumn Statement 2016: From April 2017, the government will significantly limit the range of benefits that attract tax and employer national insurance (NI) advantages when offered through a salary sacrifice arrangement.Pensions and pensions advice, childcare, bikes-for-work schemes, and ultra-low emission vehicles (ULEVs) will be exempt from the changes.Arrangements in place ...
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ArticleGovernment to review how benefits in kind are valued
Autumn Statement 2016: The government has announced it is to consider how benefits in kind are valued for tax purposes.According to the supporting documentation to the Autumn Statement, which was announced by Chancellor Philip Hammond today (23 November), this will include a call for evidence on the valuation of benefits ...
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ArticleGovernment to abolish employee shareholder status tax advantages
Autumn Statement 2016: The tax advantages awarded under employee shareholder status (ESS) will be abolished from December 2016.The tax advantages that are linked to ESS-provided shares will be abolished for arrangements entered into on, or after, 1 December 2016, with the status itself being closed to new arrangements at the ...
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ArticleGovernment to introduce new company car tax bands for low-emission vehicles
Autumn Statement 2016: The government is to introduce new, lower bands of company car tax for the lowest-emitting cars.The announcement was made as part of today's (23 November 2016) Autumn Statement, with details of the new bands and rates set to be announced in the Finance Bill in December 2016.The ...
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ArticleInsurance premium tax to rise to 12%
Autumn Statement 2016: The standard rate of insurance premium tax (IPT) is to increase to 12% from 10% from June 2017.The rise was announced by Chancellor Philip Hammond in his Autumn Statement speech today (23 November).This increase is designed to raise revenue to help fund the commitments made by Hammond ...
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ArticleGovernment retains freeze on fuel duty
Autumn Statement 2016: Chancellor Philip Hammond has announced in his Autumn Statement speech that fuel duty will be frozen at 57.95p litre for the seventh consecutive year from April 2017.The continued freeze is estimated to save the average car driver £130 a year and van drivers £350 a year. This ...
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ArticleGovernment to consult on measures to tackle pension cold calling
Autumn Statement 2016: Chancellor Philip Hammond has announced plans to tackle pension cold calling.In his Autumn Statement, Hammond said that the government plans to publish a consultation on options to tackle pension scams including a ban on cold calling in relation to pensions, giving organisations greater powers to block suspicious ...
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ArticleGovernment invests in ultra-low emission vehicles and infrastructure
Autumn Statement 2016: Chancellor Philip Hammond has announced that the new National Productivity Investment Fund (NPIF) will invest in ultra-low emission vehicles (ULEVs).In his Autumn Statement speech, Hammond announced an investment of £390 million by 2020-21 in ULEVs, renewable fuels, and connected and autonomous vehicles (CAVs). This includes £80 million ...
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ArticleEmployer and employee national insurance thresholds to be aligned
Autumn Statement 2016: Chancellor Philip Hammond has announced that employer and employee national insurance (NI) thresholds will be aligned from April 2017.This will see both employees and employers start paying NI on weekly earnings above £157. This will simplify the payment of NI for employers.The current thresholds for 2016/17 stand ...