All Article articles – Page 614
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ArticleHMRC loses company car tax case
Six companies in the Newell and Wright group, including Apollo Fuels, provided cars to managers and salesmen under an arrangement whereby it leased the cars to the workforce in an ’arm’s length’ hire rental.Employees were paid for business mileage at the same rate as colleagues who used their own cars ...
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ArticleClare Bettelley: Employers' support for employee health is lacking
Employee Benefits’ Workplace health report: strategies in practice is designed to help organisations do just that by exploring some of the key healthcare issues affecting workforces, so they can learn when and how to take a more preventative approach to supporting staff who are struggling to perform at their best, ...
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ArticleCost of benefits is biggest barrier to staff health and wellbeing
Most employers (69%) cite benefits costs as the major hurdle they face in managing the health of their workforce, with 48% citing employees’ lack of understanding about how best to take responsibility for their own health and wellbeing as the second biggest challenge. Interestingly, just 19% of respondents to the ...
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ArticleEmployee wellbeing rises up the corporate agenda
Delegates at the Employee Benefits Summit, held on 14 and 15 May in Alicante, Spain, agreed that staff health and wellbeing is rising on the corporate agenda, with 26% of poll respondents citing a noticeable difference in senior management’s attitude towards employee wellbeing compared with five years ago.Neil Carberry, director ...
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Article65% are unaware of shared parental leave
Around two-thirds (65%) of respondents are unaware of the shared parental leave legislation, which comes in to effect from April 2015, according to research by care industry website Good Care Guide.The Good Care Guide Parenting survey, which surveyed 1,000 working parents, found that, among those who do know about the ...
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ArticleWorkplace pensions report 2014
Read the digital edition of the Workplace pensions report 2014The report includes the following articles:Pensions in numbersLiz Wood: Contract-based pension schemes versus master trustsThe role of independent governance committeesGamification in pensions communicationTop tips for engaging staff in at-retirement planningRead the digital edition of the Workplace pensions report 2014
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Article
Buyer's guide to group critical illness insurance 2014
The employee can decide how to spend the money: it could be used to fund medical treatment, make necessary changes to their lifestyle or pay off a mortgage.The medical conditions covered are determined by the critical illness insurer, which usually offers two levels of cover. Base cover will include about ...
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Article
Buyer's guide to childcare vouchers 2014
Vouchers have helped about 700,000 families to afford high-quality childcare since 2005, providing savings worth around £1,800 a year for the average family. This goes towards the average childcare cost of £5,028 a year for 25 hours’ care a week, according to figures from the Childcare Voucher Providers Association (CVPA).Most ...
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ArticlePension saving reaches five-year high
The number of people saving adequately for retirement is at its highest level since 2009, according to research by Scottish Widows.Its 10th annual Scottish Widows Retirement report, which surveyed more than 5,000 people, found that 53% of respondents are saving enough through a pension scheme, up from 45% in 2013, ...
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ArticleFinancial stress impacts work productivity
Nearly a quarter (22%) of employee respondents said the stress of their current financial situation impacts negatively on their work productivity, according to research by Sodexo Benefits and Rewards Services.Its Financial stress is impacting productivity for nearly a quarter of UK employees survey, which questioned 398 employers and 760 UK ...
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ArticleQueen confirms greater flexibility on DC pension savings
The Queen has confirmed legislation announced in the 2014 Budget to offer greater flexibility to pensions in the way retiring defined contribution (DC) pension members can take their savings.The Pensions Tax Bill will remove previous restrictions to the way individuals can access their DC pension savings, and allow them to ...
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ArticleExtended right to request flexible working comes into effect
The right to request flexible working has been extended to every employee on 30 June.The legislation was due to take effect on 6 April, but was postponed because of a delay in the Children and Families Bill’s progress through Parliament.Previously, the right was only available for carers or people who ...
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ArticleNew tax-free childcare scheme confirmed
The Queen has confirmed that the government’s new tax-free childcare scheme, first announced in the 2013 Budget, will take effect from autumn 2015.The Childcare Payments Bill will introduce the new tax-free childcare scheme to support working parents by giving support equivalent to basic-rate tax relief on money spent on childcare, ...
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ArticleKFC launches salary sacrifice car scheme
EXCLUSIVE: KFC has launched a salary sacrifice car scheme for more than 950 eligible employees.The restaurant chain has included an emissions cap at 130g/km to help improve the organisation’s green credentials and help employees to make tax savings.The current lowest tax band, of 5%, is applied to all cars emitting ...
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ArticleIncisive Media boosts GPP take up
EXCLUSIVE: Incisive Media has seen a quarter (25%) of its 200 eligible employees opt out of the pension scheme it introduced for auto-enrolment purposes.However, 20% of this 25% have subsequently opted to enrol in the media organisation’s pre-existing group personal pension (GPP) plan.The GPP has a minimum employee contribution of ...
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Article
Barclays and Centrica are top employers for working families
Barclays, Centrica and Islington Council are among the winners of the 2014 Top Employers for Working Families Special Awards.The awards, which were founded by Working Families in partnership with the Institute for Employment Studies and are sponsored by Computershare Voucher Services, recognise employers that support parents, carers and flexible workers ...
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ArticleAshurst launches pensions e-newsletter
EXCLUSIVE: Ashurst has launched an annual pensions e-newsletter, share news with employees about pensions-related issues in the workplace.The publication is the first initiative to come out of the law firm’s internal pensions governance committee, which held its first meeting in October 2013.The Pensions Monitoring Committee (PMC) is chaired by Ashurst’s ...
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ArticleSiemens and Asda shortlisted for total reward statements
Siemens and Unilever are among the employers that have been shortlisted for the award ‘Best total reward statements’ at the Employee Benefits Awards 2014.This award recognises employers that have successfully integrated total reward statements into their benefits communications strategy, whether the statements are online or paper-based.The full category shortlist is:Asda ...
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ArticleGovernment sets out support for ageing workforces
The government has set out a framework for action to support employers in keeping an ageing workforce in employment.Its action plan, Fuller working lives – A framework for action, found that the UK economy could have been boosted by £18 billion in 2013 if the employment gap between people in ...
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ArticleBrowne Jacobson adds new perks to flexible benefits
EXCLUSIVE: Browne Jacobson is to add a range of new perks to its flexible benefits scheme, including an online healthy eating programme called Body Chef, and life assurance and critical illness insurance for employees’ partners.It will also increase the limit for staff up to which flex their own life assurance. ...