All Article articles – Page 544
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ArticleABInBev introduces financial education
EXCLUSIVE: ABInBev, the world’s largest brewer, has introduced a financial wellness programme for its 1,000 UK employees.The organisation, which owns brands such as Stella Artois, Budweiser and Corona, will be launching the financial education programme at events at four ABInBev sites, including its UK headquarters in Luton.The events, which will ...
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ArticlePearson makes £90m pension pledge
Pearson will make a £90 million contribution to its group pension plan following the sale of the Financial Times Group to Asian media organisation Nikkei Inc.Pearson has also committed to funding its group pension plan to self-sufficiency in the near-term.The agreement with Nikkei was announced on 23 July. The assets ...
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Article83% opt to take entire pension pot in cash
Since the introduction of the new pension freedoms in April, 83% of those that have taken up the new options have chosen to take all of their pension savings as cash, according to data from BlackRock’s workplace pensions business. Data based on 1,152 people aged 55 and over who have ...
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Article82% have a staff travel policy
Staff expenses is the most common component of a staff travel policy, according to 88% of respondents to the Employee Benefits/Alphabet Fleet research 2015.The other top elements included in a policy include air travel (87%), train fares (85%) and hotel costs (85%).Operating a staff travel policy is a common arrangement ...
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Article72% offer optional car cash allowance
Almost three-quarters (72%) of employers offer an optional cash allowance as an alternative to employees taking a company car, according to the Employee Benefits/Alphabet Fleet research 2015.Just 13% do not offer a cash allowance, while 15% offer this on a compulsory basis.The reasoning behind this is to give staff more ...
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Article61% to work past target retirement age if savings are insufficient
Around two-thirds (61%) of UK employees plan to continue working if they have not saved enough by their target retirement age, according to research from Aegon.The study, which surveyed 4,000 UK adults, also found that 64% of respondents are not confident about retiring at their target age of 63.The research ...
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Article54% are reducing fleet emissions
More than half of employers (54%) are taking steps to make their fleets more environmentally friendly and to reduce carbon emissions, according to the Employee Benefits/Alphabet Fleet research 2015.While a third of respondents (33%) believe that company cars will always be part of the benefits package, and others cite that ...
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ArticleInsurance premium tax to rise to 9.5%
Summer Budget 2015: The insurance premium tax rate will rise from 6% to 9.5%. The increase, which was revealed by Chancellor George Osborne in his Budget announcement yesterday (8 July), will come into force in November 2015.Osborne said: “Britain’s insurance premium tax is well below tax rates in many other ...
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Article43% say fit notes do not aid return to work
Almost half (43%) of respondents believe that the government’s fit note is not helping staff to return to work, according to research by manufacturers’ organisation EEF and Jelf Employee Benefits.The study, which surveyed 345 employers, also found that less than a quarter (22%) of respondents think that the fit note ...
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Article35% outsource fleet management
There are three main ways in which employers manage company car schemes, according to the Employee Benefits/Alphabet Fleet research 2015.The most popular way is to outsource fleet management completely to a specialist provider, as cited by 35% of respondents. The second most common option is to manage the fleet in-house ...
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Article26% of older workers do not want education on retirement issues
Around a quarter (26%) of respondents between the ages of 56-65 do not want any financial education on retirement and pensions issues, according to research by financial solutions organisation Partnership.The research, which surveyed 2,000 people over the age of 21, also found that 18% of 21-30 year olds did not ...
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Article21% gender pay gap for general marketeers
Male general marketeers earn 21% more than their female counterparts, according to research from Employee Benefits’ sister brand Econsultancy, with collaborations from Design Week, Creative Review and Marketing Week.Its Salary survey 2015 report: digital specialists vs general marketers, which surveyed 1,815 digital marketing specialists and 2,723 general marketeers, also revealed ...
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Article21% provide a car cash allowance
Half of respondents (54%) to the Employee Benefits/Alphabet Fleet research 2015 choose to source their company cars through a contract hire arrangement, while 22% use finance leasing and 21% provide a cash allowance for employees to buy their cars independently.Ease of management is respondents’ key factor in choosing how company ...
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ArticleTax-free childcare delayed until 2017
The launch of the government’s new tax-free childcare scheme has been delayed until 2017 following a ruling by the Supreme Court.The scheme, which was originally due to launch in autumn 2015, has been delayed as a direct result of a legal challenge brought by the Childcare Voucher Providers Association (CVPA) ...
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ArticleBuyer's guide to financial education 2015
What is financial education?Workplace financial education involves employers, or a third-party provider, educating employees about financial benefits, such as pensions and share plans. It can also include individual savings accounts (Isas) and tax planning, and how to use these perks to optimise their financial wellbeing.Financial education can be delivered to ...
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ArticleMost talked about news in June 2015
Virgin Management is to offer staff a full year’s pay when taking paternity, maternity or adoption leave, providing they have been with the organisation for four or more years.Virgin Management workers who have less than two years’ service with the organisation will receive a quarter (25%) of their salary.“Richard Branson’s ...
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ArticleEmployee Benefits/Alphabet Fleet research 2015
The Employee Benefits/Alphabet Fleet research explores how company car schemes are operated among UK organisations and the attitudes of the employers that offer them. The research was carried out in May 2015.The majority of respondents (61%) work in organisations with more than 1,000 employees, across all industry sectors.21% provide a ...
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ArticleEAT introduces 18-month limit on holiday pay carry over
The Employment Appeal Tribunal (EAT) has ruled that employees can only carry over unused holiday due to sickness absence for a maximum of 18 months. The EAT also found that absent members of staff do not need to prove that illness was the reason for not taking the holiday.In the ...
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ArticleStaff save £122.94 a month through share schemes
More than 1.4 million UK employees are now saving an average of £122.94 a month by investing in the oranisation they work for through share schemes, according to a study from IFS Proshare. Data from its annual Sharesave (SAYE) and share incentive plan (Sip) survey reveals that these figures are ...
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Article£1.8 billion withdrawn in first two months of pension freedoms
Almost a quarter of a million payments worth £1.8 billion were made to consumers from pension pots in April and May following the introduction of the pension freedoms, according to research from the Association of British Insurers (ABI).The data reveals that £1.3 billion was put in to buying nearly 22,000 ...