All Article articles – Page 597
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Article
American Express and Barclays are top employers for working families
American Express, Barclays and Centrica are among the top employers that have been awarded for their benefits and policies to support working parents.The Top Employers for Working Families Benchmark, founded by charity Working Families, recognises employers that support parents, carers, flexible working, work-life balance and career development.The highest-scoring entrants are ...
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ArticleAllen Vending Services moves from PMI to health cash plan
Allen Vending Services has replaced its private medical insurance scheme with a health cash plan in a bid to reduce costs.The vending machine company introduced the Chamber Primary Health Plan from Westfield Health after its PMI premiums increased. So far, the change has received positive feedback from Allen’s 18 members ...
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ArticleCar schemes can cut costs and aid retention
Company car schemes can help employers to save money and attract and retain staff, providing they are underpinned by a robust communication strategy, according to the fleet specialists at the Employee Benefits Fleet debate hosted in August and sponsored by Lex Autolease, Tusker and Zenith. Andrew Kirby, commercial director, employee ...
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ArticleHalf of lower earners saving adequately for retirement
Half of UK employees on lower incomes are saving enough for retirement compared to 34% in 2012, according to research by Scottish Widows.Its annual Workplace pensions report, which surveyed 5,200 employees, found that those earning between £10,000 and £30,000 a year are now saving adequately for retirement since the introduction ...
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Article77% cannot afford to live on statutory sick pay
More than three-quarters (77%) of employee respondents would not be able to afford to maintain a living on statutory sick pay if their income stopped tomorrow, according to research by PMI Health Group.Its research, which surveyed more than 600 UK employees in full or part-time work, found that nearly half ...
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Article6% plan to take entire pension pot as cash
Just 6% of respondents are planning to take their entire pension pot as a cash lump sum at retirement once the new pension reforms come into force next year, according to research by Fidelity Worldwide Investment.Its Class of 2015 report, which surveyed 500 employees planning to retire between April 2015 ...
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ArticleChancellor plans to abolish 55% pension 'death tax'
The Conservative Party and chancellor George Osborne will scrap the 55% tax rate to which pension savings are subject on the death of a scheme member and introduce a new rate of around 20% to allow employees to leave more money to their children.The change will be introduced in April ...
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Article44% of working mums would consider shared parental leave
More than two-fifths (44%) of working mums would consider sharing their maternity leave with their partner once shared parental leave comes into effect in 2015, according to research by Workingmums.co.ukIts annual survey, which questioned 2,390 working mums, found that this number has risen by 3% since 2013.The research also found ...
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ArticleEmployers expect 40% of employees to buy an annuity
Employers predict that two-in-five (40%) of their employees will buy an annuity at retirement once the government’s pension reforms giving more flexibility at retirement come into effect next April, according to research by Towers Watson.Its research, which surveyed 92 UK employers, found that a third (33%) of respondents thought that ...
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Article3.4 million Britons rely on employers for retirement advice
Almost one in 10 people (the equivalent of 9% or 3.4 million individuals) will rely on their employers for advice on retirement planning. This figure is up on the 7% recorded in 2013 and 3% in 2010. This latest consumer research from Baring Asset Management (Barings), which surveyed 1,513 employees ...
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ArticleBuyer's guide to group dental plans 2014
The UK’s total dental plan market, which covers capitation, dental insurance and dental cover via health cash plans, was estimated to be worth £719 million in 2012, with £95 million of this spent on dental insurance by individuals and employers, according to the Dentistry UK market report – fourth edition ...
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ArticleBuyer's guide to motivation vouchers 2014
Its research also found that 63% of providers in the gift card and voucher market saw double-digit growth in sales during the first quarter of this year.The market is certainly continuing to grow. B2B gift card and voucher sales rose in the first quarter of 2014, with direct sales up ...
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Article14% of staff have seen benefits package improve in last year
Just 14% of staff have seen improvements made to their employee benefits package in the last year, according to research MetLife Employee Benefits. Its Bridging the protection awareness gap, Taking a fresh look at a long running issue research found that the majority of staff (66%) have not had any ...
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ArticleAuto-enrolment has positive impact on benefits packages
Just over two-thirds (67%) of advisers say pensions auto-enrolment has prompted employers to think about their wider benefits offering to employees, according to research by insurer Ellipse.Its survey of 120 financial advisers also found that 66% agree that, in the long term, auto-enrolment will lead to more interst in employee ...
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ArticleCould desk-top microwave damage wellbeing policies?
Something for the weekend…Supporting employees’ health and wellbeing is one objective featuring in many employers’ benefits strategies. But could employers’ focus on staff nutrition and provision of healthy food options in workplace canteens be derailed by the latest gadget heading towards employees’ desks?A new desk microwave, which looks suspiciously like ...
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ArticleTop 10 most read stories this week
The top 10 most read articles on employeebenefits.co.uk from 21-28 August.1. Long-service award for 101-year-old employee? 2. What employers need to know about calculating holiday pay 3. BAE Systems redesigns pension website 4. Asda to share insight into recognition plan at Employee Benefits Live 5. Summer School: How to review ...
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ArticleWillis Ireland acquires pension businesses from IFG Group
Willis Ireland, part of Willis Group Holdings, is to acquire the Irish pension and financial advisory arm of IFG Group.The acquisition will enable Willis Ireland to develop its existing pensions business, as well as its financial and wealth planning services.Willis is set to acquire pension business IFG Pensco, financial advisory ...
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ArticleDOD's blog: Sharpen your benefits skills
There are two reasons for this. Firstly, it is the month I joined the wonderful world of employee benefits back in 1998, so it is a personal flag in the ground from which to measure all the changes.Secondly, and no doubt far more importantly, it is the month of the ...
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Article20% never receive a thank you from their employers
One in five (20%) employee respondents say they never receive any form of thank you from their employer, according to research by One4all Rewards.Its Power of thank you report, which surveyed 1,000 employees, found that three quarters (75%) of respondents feel that they do not receive sufficient gratitude from their ...
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ArticleLine managers key to employee engagement
Line managers are responsible for employee engagement, according to Professor Linda Holbeche (pictured), co-author of Engaged: Unleashing Your Organisation’s Potential Through Employee Engagement.Organisations need to step away from the practice of human resources surveys and focus more upon benefits and rewards, to ensure a more engaged workforce.“If you create high ...