All Article articles – Page 615
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ArticleABI and NAPF call for guidance guarantee details
The Association of British Insurers (ABI) and the National Association of Pension Funds (NAPF) have written to the government urging it to make some quick decisions to ensure its financial guidance guarantee, part of the pension reforms announced in this year’s Budget, can be delivered in time to meet the ...
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Article72% expect staff to pay more into pensions
Nearly three quarters (72%) of respondents are anticipating an increase in defined contribution (DC) pension contributions from employees who are close to retirement, according to research by Towers Watson.Its Post-Budget DC pension strategy survey, which questioned 74 UK employers, found that one in five (20%) of respondents anticipate younger employees ...
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ArticleJust 7% would take pension pot as lump sum
Just 7% of respondents would take 100% of their pension savings as a lump sum, according to research by Friends Life.Its research, which surveyed 2,000 UK employees, found that the average amount respondents would release at retirement is 33%.Pension reforms announced in the 2014 Budget allow greater flexibility in the ...
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Article66% manage sickness absence as business risk
Two-thirds (66%) of respondents proactively manage sickness absence as a business risk, according to research by EEF and Jelf Employee Benefits.The eleventh 2014 Sickness absence survey, which surveyed 335 manufacturing organisations, found that nearly two-fifths (39%) of respondents do not set a sickness absence target.Of those that did set a ...
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Article63% believe pre-retirement information needs improvement
Almost two-thirds (63%) of respondents believe that pre-retirement information needs improvement and should be an urgent priority for the next six months, according to research by Equiniti.Its research, which surveyed 40 annuity providers and pensions experts, found that a further 26% believe it needs to be improved within a year.Nearly ...
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Article47% believe employer should play role in retirement planning
Nearly half (47%) of employees believe their employer should play a role in helping them to prepare for retirement, according to research by Barclays Corporate and Employer Solutions (C&ES).Its Steps towards a living pension report, which surveyed 2,000 employees who are paying into a defined contribution (DC) pension scheme, found ...
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Article43% of new fathers take half paternity leave entitlement
Nearly half (43%) of new fathers take five days or less paternity leave, which is only half of their two-week entitlement, according to research by HR software provider Octopus HR.Its research, Dads at work: a report into the paternity leave trends and working habits of the modern working father, analysed ...
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Article41% do not understand retirement saving following Budget changes
More than a third (41%) of respondents admitted not understand retirement saving following the pension changes announced in the 2014 Budget, according to research by Ros Altmann (pictured) and sponsored by MetLife.The Flexibility in retirement – planning for change report, which conducted two separate surveys, among 2,531 working adults in ...
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Article41% would have to rely on savings if on long-term sick leave
More than a third (41%) of respondents would have to rely on their savings if they were forced out of work for any length of time due to illness or injury, according to research by industry body Group Risk Development (Grid).Its Group risk employer research study, which surveyed 1,000 employees ...
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Article33% would not value retirement advice
A third (33%) of respondents aged 55 or over who have not yet retired would not value financial advice when they retire, according to research by MGM Advantage.Its research, which surveyed more than 2,000 UK adults aged 55 or over, found that 38% of respondents have never sought advice about ...
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ArticleCisco and Hilton shortlisted for global benefits
Cisco and Hilton Worldwide are among the employers that have been shortlisted for the award ‘Best international or expatriate benefits’ at the Employee Benefits Awards 2014.For this award, the judges were looking for employers that used their global reward strategy effectively to help drive their business goals.The full category shortlist ...
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ArticleEngagement shapes benefits strategy for 72%
Employers’ desire to improve employee engagement remains the key issue shaping benefits strategies in 2014.Just under three-quarters (72%) of respondents to The Benefits Research 2014, which surveyed 256 respondents in March 2014, said the desire to improve staff engagement was the key issue shaping their organisation’s benefits package.This issue first ...
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ArticleEmployers not reviewing global benefits
Employers are not reviewing their international benefits often enough, according to research by Jelf International.Its survey, which questioned nearly 50 employers, found that 42% of respondents have either never reviewed their global benefits or have only done so more than a year ago.One in five (19%) of respondents have reviewed ...
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ArticleDOD’s blog: Is tax legislation hampering workplace pensions?
Yesterday the Labour party put forward proposals to lower the earnings threshold at which staff will be auto-enrolled into pensions to £5,772. In this way, more low-paid staff would be brought into workplace pensions savings.This follows tens of thousands of employees earning less than £10,000 a year finding that they ...
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ArticleCould space sandals prove next workplace health perk?
Something for the weekend…Employers that offer workplace health and wellbeing benefits for their workforce and keen to track the latest innovations in the fitness industry should look no further than recent efforts by the National Aeronautics and Space Agency (Nasa).The agency has packed its astronauts off to space wearing new ...
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ArticleHealth and wellbeing supplement 2014
Read the digital edition of the Health and Wellbeing supplement 2014 in full here.The supplement includes the following articles:Clare Bettelley: Data protection must be at the heart of employers’ healthcare strategies Health and wellbeing in numbersAndrew Kinder: How can EAPs support staff suffering from financial stress?How to win finance director ...
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ArticleEmployee Benefits Live returns on 24-25 September 2014
Taking place at Olympia, London, Employee Benefits Live offers an extensive editorial-driven conference programme and exhibition.See more information.The event provides a platform for compensation, benefits and HR professionals to come together and network, share ideas and best practice, benchmark suppliers, source the latest solutions and learn new techniques to help ...
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ArticleDanone extends access to employer-paid health checks
EXCLUSIVE: Danone has extended access to employer-paid health screenings to all of its 1,300 UK employees.Previously, only senior staff, who represent around 10% of the workforce, had access to the benefit.The food manufacturer introduced the scheme during its flexible benefits enrolment window in April.Since then, 48% of employees have signed ...
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ArticleGym membership and retail discounts top voluntary perks
Gym membership and retail or leisure discounts are the most commonly offered benefits via voluntary benefits schemes, according to The Benefits Research 2014, which surveyed 256 respondents in March 2014.Over the past few years, employers have increasingly taken a proactive approach to employee wellbeing, which may explain why gym membership ...
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ArticleYoung staff to save more after Budget pension reforms
Younger employees are more likely to save into a pension scheme following the reforms announced in the 2014 Budget, according to research by insurer Legal and General.Its MoneyMood research, which surveyed 578 adults aged 18 to 65, found that nearly half (48%) of respondents between the ages of 18 to ...