All Article articles – Page 550
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Article59% unaware of employer pension contributions
Some 59% of employees are unaware of how much their current employer contributes towards their pension, according to research from life insurance, pensions and asset management provider Aegon.The study, which surveyed approximately 3,000 adults, also found that two in five (41%) of respondents do not know how much they are ...
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ArticleRoyal Mail staff to receive £50 million worth of shares
Royal Mail employees are to receive £50 million worth of free shares, business secretary Sajid Javid announced today.Its 1,500 members of staff already own 10% of the organisation.Javid said: “Employees currently comprise an important part of Royal Mail’s shareholder base. I believe there is merit in rewarding the employees of ...
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Article35% who have used pension freedoms are still working
Around a third (35%) of workers who accessed the pension freedoms in the first month after they came into effect in April 2015 were still working at the time, according to research by Hargreaves Lansdown.Its study, which surveyed 304 employees who drew pension benefits in the first weeks after the ...
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ArticleBuyer's guide to health screening 2015
Health screening comprises a range of assessments and tests that can help identify health risks at an early stage. They can help to keep a workforce fit and healthy by allowing employers and employees to take steps to reduce any health problems that are identified.Identifying health risks or issues can ...
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ArticleBuyer's guide to childcare vouchers 2015
Childcare vouchers were first introduced in the 1980s and originally only carried an NI exemption. The current tax exemption was introduced in 2005, then in 2011 the scheme went through a further change when the amount of vouchers that higher-rate tax payers could claim was capped to offer the same ...
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ArticleMost talked about news in May 2015
The agreement comprised cash contributions of £270m per year.The supermarket also consulted with employees on plans to close its DB pension scheme and replace this with a defined contribution (DC) scheme.“There is no doubt about it that the current scheme is one of the best, if not the best, on ...
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Article
100th car on StopGap scheme
This article is written by our channel sponsor, Tusker.Following the hugely successful launch of Tusker’s StopGap car scheme in 2012, providing drivers with the use of a car while they wait for their new salary sacrifice car to be delivered, the company has had to increase the size of the ...
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ArticleJust 10% offer mental health training
Only one in 10 (10%) of employers offer mental health training to managers, according to research by Jelf Employee Benefits and manufacturers’ organisation EEF.The study, which surveyed 345 employers, also found that 80% of organisations do not measure the cost of absence.The research also found:Overall sickness absence levels remain low ...
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Article
Today’s top 10 salary sacrifice car choices – by the UK’s leading provider Tusker
This article is written by our channel sponsor, Tusker.Top 10 salary sacrifice models ordered in the first quarter of 2015: Nissan JukeAudi A3Toyota AygoPeugeot 208Nissan QashqaiRenault CapturAudi A1Ford FiestaRenault ClioToyota YarisTop 10 salary sacrifice manufacturers through orders made in the first quarter of 2015:NissanAudiToyotaPeugeotCitroenRenaultVolkswagenMercedes-BenzKiaAll-time top 10 salary sacrifice models ordered ...
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Article
Closing teacher car scheme exclusion could save teachers four times as much as a 1% rise and cost government nothing
This article is written by our channel sponsor, Tusker.The government could save state-maintained school teachers £1,300 a year – over four times more than the benefits of a one per cent pay rise – and at no cost to the taxpayer.State-maintained school teachers are currently excluded from accessing salary sacrifice ...
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ArticlePension scheme members withdraw £1 billion from pots
Pension scheme members have withdrawn more than £1 billion from their pension pots since the introduction of the new freedoms in April 2015.Chancellor George Osborne (pictured) announced that more than 60,000 people have made use of the reforms, which allow members of defined contribution (DC) schemes aged over 55 to ...
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ArticleNext generation of retirees expect to be £3,000 a year worse off
The next generation of retirees, those aged 45-to-55 years old, expect to be worse off in retirement by a fifth (18%) compared to those leaving the workplace in 2015, according to research by insurer Prudential.Its research, which surveyed more than 1,000 people, found that respondents in the 45-to-55 age group ...
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ArticleDebra Stephenson to host Employee Benefits Awards
Actress and impressionist Debra Stephenson will host the Employee Benefits Awards 2015.During her career, Stephenson has had a successful run on talent show Opportunity Knocks, presented on Blue Peter, and is one half of The Impressions Show together with Jon Culshaw.She also played long-running character Shell in ITV’s Bad Girls ...
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ArticleOvo revamps flexible benefits scheme
EXCLUSIVE: Ovo has revamped its flexible benefits scheme for its 700 employees, in order to reflect its values and reward philosophy.The energy firm’s new online benefits strategy ‘My Rewards’, which uses Thomsons Online Benefits’ Darwin software, was introduced to better cater to its workforce which has doubled in size due ...
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ArticleBenefits suitable for the Starship Enterprise
Something for the weekend… If you have ever longed to work on Star Trek’s Starship Enterprise then look no further as online game developer NetDragon Websoft has built its headquarters in China in the shape of the legendary spaceship.The six-story building in the country’s south-east Fujian province is about 850 ...
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ArticleGroup risk report 2015
Smooth transitionHow do employers help staff return to work following cancer treatment?Group risk benefits in numbersA round up of the latest facts and figures around group risk benefits.Jim Lister: How almost all group risk legal problems can be avoidedAppropriate contractual drafting must be ensured.Where should group risk benefits sit in ...
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ArticleGoldman Sachs pays largest directors' bonuses
Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynch paid the largest bonuses to directors in 2015, according to research by salary benchmarking site Emolument.com. Its analysis of 2015 salary data from 189 front office directors working in London investment banks, found that Goldman Sachs paid its directors an ...
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ArticleHigh Court dismisses appeal against BBC pensionable pay cap
The High Court has dismissed an appeal against the BBC after the organisation imposed a 1% cap on increases in pensionable salary in a bid to reduce its defined benefit (DB) pension schemes deficit.In the case of Bradbury v British Broadcasting Corporation, the High Court ruled that the BBC conduct ...
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ArticleBuyer's guide to computer salary sacrifice
The factsWhat is a computer salary sacrifice scheme?An arrangement whereby an employer buys a computer from a computer scheme provider and then loans it to an employee, typically via a flexible or voluntary benefits scheme. The employee repays the cost through their gross pay.Where can employers get more information?Information about ...
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ArticleQueen's Speech confirms legislation on tax and NI
The Queen has confirmed that legislation will be brought forward by government to ensure there are no rises on income tax, value-added tax (VAT) or national insurance for five years. The move, which was first announced in the Conservative Party’s election manifesto, was one of the measures announced in the ...