All Article articles – Page 528
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Chris Curry: Are the pension freedoms living up to expectations?
Perhaps the more important question is what expectations did we have of the pension freedoms? I am not sure, given the speed with which the reforms were introduced, that anyone had a clear idea of what they expected to happen.However, there have been few surprises since April. Many more people ...
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Mark Fawcett: Are the pension freedoms living up to expectations?
Since the pension freedoms came into force, a lot has been said about the sums withdrawn. It remains to be seen whether this trend continues or is a short-term response to new-found freedom.What is clear from the National Employment Savings Trust’s (Nest) research is that while people value flexibility and ...
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Julia Hanna: Are the pension freedoms living up to expectations?
The image of silver haired Lamborghini drivers accompanied much of the press coverage of the pension freedoms. So, almost six months since greater flexibility was given to the over 55’s, has it all been frittered away?The numbers look vast: £27 million a day has been withdrawn on average since April, ...
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The Employee Benefits Awards return for 2016
The annual Employee Benefits Awards have returned to provide employers with an opportunity to gain recognition for their benefits achievements.The awards categories are reviewed each year to ensure they are in line with the latest market trends, resulting in the creation of three new categories for 2016: Best benefits technology; ...
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SurveyMonkey and Visa introduce genetic testing scheme
Instacart, SurveyMonkey and Visa are among a number of organisations in the US that have signed up to a new benefits scheme giving employees access to genetic testing for breast and ovarian cancer risk.The initiative, provided by Color, offers staff, and in some cases spouses or partners, the option of ...
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29% to increase spend on technology
More than a quarter (29%) of respondents will spend more on benefits technology in 2015 than they did in 2014, according to research by Thomsons Online Benefits.Its 2015 Global employee benefits watch report, which surveyed 300 human resources professionals representing more than four million employees across the US, Europe, Middle ...
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77% unsure how to address male mental health
More than three-quarters (77%) of respondents are unsure how to address male mental health in the workplace, according to research by health and wellbeing consultancy Health Assured.Its survey of 944 managers and employees also found 79% of manager respondents have seen an increase the number of male employees citing anxiety ...
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Government to introduce grandparents leave
The government is to introduce paid grandparental leave, Chancellor George Osborne (pictured) announced yesterday (4 October). At the Conservative Party Conference 2015, Osborne highlighted the importance of offering working grandparents paid leave to help take care of their grandchildren. In a tweet, he said: “Grandparents shouldn’t have to choose between ...
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Coventry City Council supports staff who foster
Coventry City Council has introduced a Fostering Friendly policy designed to support employees who apply to become foster carers.Under the policy, staff who apply to become foster carers, will receive five extra days leave in order to attend necessary meetings, home visits and training sessions as part of the assessment ...
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Less than a quarter feel in control of their pension
Less than a quarter (23%) of respondents feel in control of their pension, according to research by Hymans Robertson. Its research, which surveyed 2,078 people, also found that 68% said fewer changes to the pension system would encourage them to save more.The research also found:64% of respondents do not know ...
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Tate and Lyle Sugars boosts pension contributions via salary sacrifice
EXCLUSIVE: Some 90% of Tate and Lyle Sugars’ employees have taken up pensions salary sacrifice since the arrangement was launched in July 2015. Following the introduction of salary sacrifice as part of the employer’s group personal pension (GPP) scheme, Tate and Lyle’s 560 UK employees’ pensions contributions have increased by ...
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30% offer age-related wellness programmes
Around a third (30%) of respondents offer age-specific wellness programmes for their staff, according to a study by Mercer.Its Age-friendly employer research surveyed three groups: 69 HR professionals, 1,376 employees and 25 recruitment agencies.The study of HR professionals also found:45% of respondents offer advice and support to staff caring for ...
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37% of absence due to mental health issues
More than a third (37%) of absence notifications in 2014 were due to mental health issues, according to figures from Legal and General.Its figures, which are based on employee absences notifications received last year, also revealed that 80% of staff who had mental health-related absences could return to work within ...
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The benefits of working for the rich and famous
Something for the weekend…Ever wondered what employee benefits you would receive if you worked for a super-rich employer? Users of the website Reddit have been sharing their experiences of working for the rich and famous, and enjoying perks such as six days off a week and trips in private jets.One ...
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Top 10 most read stories this week
The top 10 most read stories on employeebenefits.co.uk between 24-30 September:1. Employee Benefits Live 2015 speaker slides.2. Royal Mail introduces separation support service.3. Morrisons to raise pay for store staff.4. EAT rules on pay and holiday pay arrears.5. Japanese organisation offers staff crying support.6. Starbucks to pay national living wage ...
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Costa increases barista pay
Costa has increased the pay of its 12,500 baristas, effective today (1 October 2015).Baristas at Costa-owned stores will now be paid a minimum of £7.40 an hour, and £7.20 prior to the completion of their training period.The coffee chain has increased the pay of its London-based baristas to between £8.20 ...
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Half of staff attitudes would change if offered share plans
Half (50%) of respondents say their attitude towards their employer would change if they were part of an employee share scheme, according to research by Equiniti Employee Services.Its survey of 1,189 employees also found that 72% of respondents aged 18-24 would change their attitude if there was a share scheme ...
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67% of over 55s say their line manager cares about staff wellbeing
Some 67% of UK respondents aged 55 and over believe that their line manager genuinely cares about employee wellbeing, according to research by Edenred.Its Edenred-Ipsos Barometer report, which surveyed 13,600 staff across 13 European countries, also found that 65% of respondents in Finland and the Netherlands that are aged 55 ...
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What are some of the key issues impacting the fleet landscape?
If you read nothing else, read this…Environmental regulations and an increased focus on reducing carbon footprints have impacted the shape of the fleet landscape in recent years.Some international organisations are looking to harmonise their fleet policy across geographical locations. The industry has seen a shifting emphasis towards mobility.Regulation and compliancePaul ...
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3 Fleet debate leader column: Company car schemes can meet the needs of employers and their staff
Employers not only have to consider the lengthening age range of their staff, but also the diversity of employees’ aspirations, expectations, lifestyles and the variety of situations they may find themselves in: factors that cut across generational divides. The diverse requirements and desires of staff can extend to their approach ...