All Article articles – Page 559
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ArticleEmployers not required to create ideal job for returning employee
The Employment Appeals Tribunal (EAT) has ruled that employers are not always required to make reasonable adjustments and create the ideal job for an employee returning from sickness absence. In the case of Makuchova v Guoman Hotel Management, Makuchova claimed that no adjustments were made to help her return to ...
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ArticleEmployees keen to cash in or drawdown pension pots
Savers looking to access their pension pots following the introduction of the new pension freedoms on 6 April are more likely to take savings as cash or go into drawdown, according to early analysis by several pension providers.Fidelity Retirement Services found that, from around 200 calls, a quarter of people ...
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ArticleMoog Controls boosts pensions engagement
Moog Controls has boosted pensions engagement by more than 150% through its bespoke financial education workshops.The manufacturer of precision motion controls organisation, which helped design the Wimbledon electric roof, focused its education on helping employees make more informed investment decisions.It ran four interactive pilot workshops, provided by Jelf Employee Benefits, ...
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ArticleScottish Power increases benefits engagement
EXCLUSIVE: Scottish Power has increased employee engagement with benefits after switching from online to paper-based total reward statements.Since the launch of its paper statements in November 2014, 70% of the energy firm’s employees either strongly agreed or agreed that they appreciated the benefits offered by their employer.More than 70% of ...
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ArticleDLA Piper increases maternity benefits
EXCLUSIVE: DLA Piper is offering an enhanced shared parental leave (SPL) policy for its 2,100 employees. The global law firm has also increased its maternity benefits from 14 weeks on full pay, followed by statutory pay until the 39th week, to 22 weeks on full pay. Its enhanced SPL policy ...
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ArticleNews UK and Sony awarded for pensions quality
Jobs and Business Glasgow, News UK and Sony UK are among the organisations that have been awarded the Pension Quality Mark (PQM) in recognition of the quality of their defined contribution (DC) pension schemes. Sony UK has achieved the PQM Plus award for its scheme’s contribution rates, good governance and ...
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ArticleJohn Lewis appoints DC pension provider
The John Lewis Partnership has appointed Legal and General as bundled administration provider to the defined contribution (DC) section of its pension scheme.The appointment is part of the retailer’s implementation of its new hybrid pension arrangement, comprising both DC and defined benefit (DB) sections.In February, John Lewis announced plans to ...
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ArticleArup boosts benefits take up among generation Y staff
EXCLUSIVE: Arup has seen increased take up of the benefits it offers to cater for generation Y employees.The organisation takes on around 200 to 300 graduates a year, which has changed what employees want from the firm.As a result, the professional services firm has seen take up of new benefits, ...
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ArticleFriends Life partners Foster Denovo on pensions advice
Friends Life and Foster Denovo have partnered to provide employees with advice relating to the pension freedoms which are due to come into effect on 6 April.Through the arrangement, employees who contact Friends Life about their new options with retirement savings will be referred to Foster Denovo if they request ...
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ArticleE.On informs staff about childcare and pension reforms
EXCLUSIVE: E.On has been educating its 11,000 employees about shared parental leave, the forthcoming changes to tax-free childcare policy and what the newly implemented pension freedoms mean for them.The energy organisation sent out emails to its employees about its parental leave policy, as well as placing a summary on its ...
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ArticleRoffey Park informs staff about pension freedoms
EXCLUSIVE: Roffey Park Institute has informed all 80 employees about the pension changes that came into effect on 6 April.The leadership institute educated staff about the pension freedoms via a verbal summary given by line managers and an internal email.The email, which was sent to staff on 2 April, offered ...
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Article82% of savers positive about pension reforms but worry about risks
More than four-fifths (82%) of employees are positive about the imminent pension reforms which come into effect on 6 April, but many remain worried about the risks attached, according to research by the National Association of Pension Funds (NAPF).Its Understanding retirement research, which surveyed 850 savers aged 55-70, found that ...
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Article72% of staff interested in eldercare perks
EXCLUSIVE: Almost three-quarters (72%) of people are interested in receiving eldercare as an employee benefit, according to research by Allianz Global Assistance.Its study of 200 UK adults also found that 27% said balancing work and home life is their biggest concern when caring for elderly relatives.The research also found:More than ...
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Article63% of staff prefer to manage pensions online
Just under two-thirds (63%) of respondents who belong to a workplace pension scheme would prefer to manage their retirement savings online or via an app, according to research by Aegon.Its survey of 2,000 UK adults, including 1,532 pension scheme members, also found that 64% of respondents would use a facility ...
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Article63% of European staff satisfied with long-term incentive plan
Just under two-thirds (63%) of European employee respondents are highly satisfied with their long-term incentive plan (L-tip), compared to 42% in North America and 59% in the rest of the world, according to research by the Global Equity Organisation (GEO).Its Global equity insight 2015 report, which surveyed 144 organisations in ...
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Article47% plan to semi-retire
Almost half (47%) of working people plan to semi-retire before finishing their working life completely, according to research by HSBC.Its The future of retirement choices for later life report, which surveyed 16,000 people in 15 countries, also found that 29% of current retirees initially took semi-retirement.The study also found:43% intend ...
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Article32% will not have sufficient pension pot by age 65
Almost a third (32%) of respondents believe they will not have a sufficient pension pot to fund their retirement by the age of 65, according to research by Canada Life Group Insurance. Its research, which surveyed more than 850 employees, found that 14% intend to continue working past the traditional ...
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ArticleTesco agrees pension deficit funding of £270 million
Tesco has agreed a pension deficit funding plan with its trustee for its defined benefit scheme, comprising cash contributions of £270 million per year.The supermarket giant is also consulting with employees on plans to close its defined benefit (DB) pension scheme and replace this with a defined contribution (DC) scheme.Tesco ...
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Workplace financial education grows by 121%
EXCLUSIVE: The proportion of respondents that offer, are in the process of introducing or are considering offering financial education in the workplace has risen by 121% in the past year, according to research by Nudge Global. Its Financial education the definitive guide 2015 report, which surveyd 252 HR and benefits ...
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ArticleVote for Employee Benefits at Towers Watson Media Awards
Employee Benefits has been nominated for the Best Pensions/Benefits Publication of Year Award at the 2015 Towers Watson Media Awards. The awards recognise excellence in business journalism and this year we would like readers to register their vote to give Employee Benefits magazine the best chance to gain industry recognition ...