All Article articles – Page 554
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Article?Watch Employee Benefits Wired on demand
Employee Benefits Wired: Mental Wellbeing is now available to watch on demand. The webinar can be viewed online at anytime via EBTV on employeebenefits.co.uk.The webinar, which took place on 28 April in association with mental health charity Mind and Legal and General, focuses on workplace mental health issues.During the event, ...
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ArticleOlympic Airlines insolvency affects pension benefits
The Supreme Court has ruled that Olympic Airlines is unable to enter the Pension Protection Fund (PPF) because it did not have an establishment in the UK during its insolvency proceedings.The case, Trustees of the Olympic Airlines SA Pension and Life Assurance Scheme (Appellants) v Olympic Airlines, relates to the ...
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ArticleTPR issues first escalated auto-enrolment fines
The Pensions Regulator (TPR) has issued its first four escalated auto-enrolment penalties, which range from £50 to £10,000 a day depending on the severity of the breach.The organisations received fixed penalty notices for failure to comply with a statutory notice or specific employer duties.The quarterly bulletin from TPR also found:198 ...
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ArticleBenefits to suit a robot shop assistant
Something for the weekend…Hot off the presses from Japan is the news that a new employee has been put into a retailer’s workplace to help drive customer satisfaction.This might not seem unusual until it is revealed that the new employee is a female robot and has been placed at the ...
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ArticleTop 10 most read stories this week
The most read stories between 23-30 April on employeebenefits.co.uk: 1. KPMG and Santander top employers for women 2. Tribunal to reconsider if redundancy near pensionable age is allowed 3. Royal Mail, Mars and BT pledge to end mental health discrimination 4. Yeo Valley staff canteen the best in the world ...
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ArticleLong-term incentives for executives should be scrapped
Long-term incentive plans (L-tips) should be scrapped for executives, and performance-related pay should be given in cash rather than shares, to prevent executives from benefiting from sudden increases in the share price caused by external factors, according to research by The High Pay Centre.Its No routine riches: reforms to performance-related ...
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Income protection take up could treble if part funded by employers
Take up of group income protection could potentially treble when offered via flexible benefits schemes if the benefit was partially funded by employers, according to research by MetLife.Its UK employee benefit trends study, which surveyed 500 employees and 300 employers, also found that take up of life insurance could potentially ...
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ArticleEIOPA launches pension stress tests
The European Insurance and Occupational Pensions Authority (EIOPA) has launched a pensions stress test and quantitative assessment on solvency for Institutions for Occupational Retirement Provision (IORPs). The stress tests, which EIOPA started preparing in 2014, will cover both defined benefit (DB) and defined contribution (DC) pension schemes.The first of these ...
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ArticleFitch launches financial education
EXCLUSIVE: Fitch has launched a personalised financial education programme for its UK employees. The retail and brand consultancy, which is part of the WPP Group, will add the programme to its reward package.Fitch is using Nudge Global’s Quantum technology, which uses HR and benefits data to profile employees and pre-empt ...
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ArticlePension freedoms prompt review of scheme design
Pension schemes have begun to evolve in terms of the member support they provide and and their at-retirement investment design, according to research by The Defined Contribution Investment Forum (DCIF).Its At-retirement solutions for the new pensions era report, based on in-depth interviews with providers behind nine large defined contribution (DC) ...
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ArticleMaternity provision dependent on employee grade
Just over half (59%) of new mums in junior positions only receive the legal minimum provision from their employer in the run up to and while taking maternity leave, according to research by Axa PPP Healthcare.However, its research, which surveyed 1,186 first-time UK mums, including 64 entry level, 294 management ...
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ArticleFleet research deadline extended
The Employee Benefits/Alphabet Fleet research 2015 deadline has been extended until Friday 29 May, so there is plenty of time to have your say.What is new in staff travel policies? And how does your organisation offer car benefits for employees? Why not tell us in this research, which is designed ...
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ArticleCompliance top issue driving DC pensions
More than half (56%) of respondents say compliance with legislation is their top issue driving their defined contribution (DC) pensions provision, according to research by Towers Watson.Its Fit for retirement report, which surveyed 101 organisations, also found that more than a third (38%) of employers cite their employees’ ability to ...
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ArticleOscar Mayer improves healthcare benefits for staff
EXCLUSIVE: Oscar Mayer has revamped its healthcare benefits for more than 2,000 employees.The food production organisation took the decision to introduce five new options as part of its 15-year benefits anniversary and a review of its My Millie benefits scheme.The new benefits were added to its voluntary health cash plan, ...
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ArticleFacebook sets pay and benefits standards for suppliers
Facebook is implementing a new set of standards on pay and benefits for its contractors and suppliers in the United States (US).The social networking site has stipulated that contractors and vendors that supply services and products to Facebook must pay their workers a minimum hourly rate of $15, as well ...
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ArticleSimplyhealth sells PMI business to Axa PPP Healthcare
Axa PPP Healthcare is to acquire Simplyhealth’s private medical insurance (PMI) business, subject to approval by the appropriate authorities. The sale by Simplyhealth follows a strategic review of the organisation’s activities, informed by an 18-month analysis of the marketplace and an insight project involving interviews with 5,000 people and 250 ...
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ArticleRos Altmann appointed pensions minister
Ros Altmann has been appointed pensions minister under the new Conservative government. Altmann, who is a former director-general of Saga and an independent expert on later life issues, will be tasked with overseeing pensions policy, the state pension, automatic-enrolment, The Pensions Regulator, and a host of other responsibilities at the ...
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ArticleAge UK uses benefits to extend working lives
EXCLUSIVE: Age UK has launched a programme to help its employees extend their working lives, better prepare for retirement and boost their health and wellbeing in the workplace.The charity’s Extending working life and planning for retirement proposition is part of its 2015 strategy to offer a range of activities for ...
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Article76% of employers unaware of Fit for Work service
EXCLUSIVE: More than three-quarters (76%) of employers are unaware of the Department for Work and Pensions’ (DWP) Fit for Work service, according to research by YouGov and medical insurance provider Cigna.The DWP Fit For Work awareness research, which surveyed 689 employer respondents who are senior decision makers in UK businesses, ...
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ArticleJust 7% are financially prepared for retirement
Less than one in 10 (7%) UK adults are financially on track for their retirement, according to research from Aegon.Its third UK readiness report, which surveyed 4,000 UK adults, also found that nearly two-thirds (62%) of respondents do not feel confident about being able to retire when they want to.The ...