All Article articles – Page 565
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ArticleCompany car tax rates to rise more slowly
Budget 2015: Company car tax rates for ultra-low emission cars will increase more slowly from 2019/20 than previously announced. Chancellor George Osborne also announced in his 2015 Budget that rates for other cars will increase by three percentage points.The appropriate percentage of list price subject to tax will increase by ...
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ArticleSantander drives take up of salary sacrifice car scheme
Santander plans to use its benefits communications to increase take up of its salary sacrifice car scheme.Speaking in a session titled ’The evolving world of salary sacrifice cars - now and in the future’, at Employee Benefits Connect on 4 March, Elliot Rees-Davies, reward director at Santander, said that, since ...
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ArticleDWP begins Fit for Work national roll-out
The Department for Work and Pensions (DWP) has started to roll out its Fit for Work service to workplaces.General practioner (GP) referrals have commenced in Betsi Cadwaladr and Sheffield and will expand across England and Wales. From 9 March, over 200 GP practices are able to refer individuals who have ...
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ArticlePension Schemes Bill receives Royal Assent
The Pension Schemes Bill that enables the introduction of the government’s pension reforms has received Royal Assent.It is the final piece of legislation bringing into force the upcoming pension flexibilities on 6 April 2015.Together with the Taxation of Pensions Act, which became law in December 2014, it introduces a number ...
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ArticleIFS Proshare appoints new head
Gabbi Stopp has been appointed the new head of IFS Proshare. She succeeds Alan Scott, who has held the position in an interim capacity since August 2014, pending the appointment of a long-term successor.Stopp will join the employee share scheme industry body on 7 April.Her previous positions include account director ...
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ArticleAon partners with Blackrock to launch new DC pension
EXCLUSIVE: Aon Employee Benefits has partnered with Blackrock to launch a new defined contribution (DC) pensions scheme, which will be officially launched at Employee Benefits Connect today (4 March).The product, Bigblue Touch, combines Aon’s Bigblue technology with Blackrock’s investment and administration services.It aims to give scheme members access to financial ...
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ArticleFCA acts to support choice in retirement
The Financial Conduct Authority (FCA) is to introduce remedies designed to support choice in the retirement market in light of the forthcoming pension reforms.Its final Retirement income market study proposes five remedies for employees with defined contribution (DC) pension pots to help make competition work for those looking at drawdown ...
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ArticleLess than a quarter of staff confident about retirement savings
Less than a quarter (24%) of UK employees are confident about their retirement saving plans, according to research by MetLife Employee Benefits.Its UK employee benefits trends study, which surveyed 300 HR directors and 300 UK employees, also found that just under half (47%) of respondents said their biggest financial concern ...
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Article65% of parents want to share parental leave
Approximately two-thirds (65%) of respondents want to share parental leave with their partner, according to research by Enterprise Rent-A-Car.Its study of 1,006 men and 1,006 women aged 18-48, and 100 recruitment decision-makers, also found that 70% of male and 61% of female respondents intend to make use of shared parental ...
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Article60% of employees suffer from financial stress
Just under two-thirds (60%) of US workers are significantly burdened by financial stress, according to research by asset management firm State Street Global Advisors.Its biannual Employee retirement survey, which surveyed 1,000 employees aged between 20 and 69, also found that the key triggers of stress were mortgages, student loans, healthcare ...
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Article51% not confident Pension Wise will deliver support
More than half (51%) of employer respondents are not confident that the government’s guidance guarantee Pension Wise service will provide their employees with adequate support around decisions at retirement, according to research by Hymans Robertson.The pensions and risk consultancy’s research, which questioned 100 HR directors in organisations with more than ...
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ArticleStaff contribute average of 5% to pensions
The average employee monthly contribution to a workplace defined contribution (DC)pension scheme in the UK is 5% of their monthly salary, according to research by The Chartered Institute of Personnel and Development (CIPD).Its Employee attitudes to pay and pensions report, which surveyed 2,255 working adults, also found that 43% of ...
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Article40% of employers see sickness absence rates improve
Two in five (40%) UK employers have seen sickness absence rates improve over the past 12 months, according to research by group risk industry body Group Risk Development (Grid).Its Group risk employer research found that this was a 6% increase on last year. In comparison, just 15% of respondents felt ...
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ArticleJust 15% have a clear retirement plan in place
Just 15% of reposondents hoping to retire in the next 12 months have put together a retirement plan, according to research by Fidelity Worldwide Investment.Its Class of 2015 report, which surveyed 500 employees planning to retire between April 2015 and March 2016, found that only 15% of respondents have done ...
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ArticleAldermore awards staff £1,000 share bonus
Aldermore has granted each of its 875 employees up to £1,000 in free shares following its initial public offering (IPO) on the London Stock Exchange. The bank, which lends to individuals and small- and medium-sized businesses (SMEs), offered staff £200 worth of shares for every year that they have worked ...
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ArticleAdmiral staff to receive £3,000 worth of shares
More than 7,000 Admiral employees will each receive £3,000 worth of free shares into the insurance provider’s share incentive plan (Sip).According to the organisaiton’s Annual results 2014 report, this will cost some £8.6 million should all staff remain eligible for the scheme.This is an increase from the £7.6 million spent ...
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ArticleEmployee Benefits digital magazine - March 2015
Read this month’s articles in the digital magazine by clicking the links below, or read the online versions by using the links to the right under ‘Related articles’ (these articles will go live in stages during March 2015).How to createan integerated financial wellbeing strategy toupport business needs. Read more in ...
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Article?GlaxoSmithKline focuses on holistic wellbeing strategy
GlaxoSmithKline (GSK) has developed its holistic health and wellbeing programme on a global scale and focused its strategy to meet the needs of the business.In a session at Employee Benefits Connect on 4 March titled ‘Building a holistic employee wellbeing strategy’, Dr. Philip Gibbs, director of product development, quality assurance ...
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ArticleMet Office staff strike over pay freeze
Met Office employees walked out for three hours yesterday (26 February) due to a dispute over pay. Around 300 weather service workers based at the organisation’s Exeter office, as well as staff based in Aberdeen, Edinburgh and other frontline stations participated in the strike action.All are members of trades union ...
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ArticleHigh Court rules on Merchant Navy Pension Fund deficit regime
Employers Stena Line, P&O Ferries and Sealion Shipping will see a reduced burden on plugging the Merchant Navy Ratings Pension Fund’s (MNRPF) £300 million deficit following a High Court ruling.The organisations, along with 40 others, have contributed towards the deficit since 2001 under its old funding regime.The decision, handed down ...