All Article articles – Page 625
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Article
Top 10 most read stories this week
The top 10 most read articles on employeebenefits.co.uk from 27 March to 3 April:1. Emergency eldercare fastest-growing flexible benefit 2. Creating an employee value proposition to win the war for talent3. TalkTalk and Warburtons shortlisted for auto-enrolment 4. Key changes to employee benefits in the 2014 Budget 5. Arthur J ...
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ArticleThird of auto-enrolled employers would approach compliance differently
More than a third (35%) of respondents that have been through pensions auto-enrolment would have approached their preparations differently if they were to undertake the task again, according to research by law firm Irwin Mitchell.Its research, which surveyed 260 employers, found that 52% of those that have staged wished they ...
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ArticleWillis Group appoints CEO of human capital and benefits practice
Willis Group has appointed Raymond Brood chief executive officer (CEO) of its new human capital and benefits (HCB) practice in Western Europe.The appointment, which is effective from 1 May, is the first regional leadership role to be announced after the formation of the global HCB practice earlier in 2014.Brood joins ...
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ArticleBMW and Cafcass shortlisted for health benefits
BMW Group UK and Cafcass are among the employers that have been shortlisted for the award ‘Best healthcare and wellbeing benefits – large employer’ at the Employee Benefits Awards 2014.This award showcases employers that have put in place a strategy that helps promote health and wellbeing in the workplace, helps ...
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ArticleBonuses for FTSE 100 executives fall for third year
FTSE 100 executives have seen their bonuses fall for the third consecutive year and nearly a quarter have seen their base pay frozen, according to research by PricewaterhouseCoopers (PWC).Its analysis of 43 FTSE 100 companies with year ends from 30 September 2013 onwards, found that the median bonus payout for ...
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ArticleKey changes to employee benefits in the 2014 Budget
Here is a round up of all the key announcements impacting employee benefits:2014 to 2015: more flexibility to be allowed for employees retiring with defined contribution pensions.From 27 March: maximum lump sum taken from a pension pot increased to £30,000 from £18,000. From 27 March: number of small individual pension ...
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Article
BT, Mars and RBS pledge to tackle mental health
BT, Mars and Royal Bank of Scotland are among the employers leading a campaign to tackle mental health in the workplace.The campaign, run by Business in the Community (BITC), coincides with the launch of BITC’s report Mental health: we’re ready to talk, as part of Responsible Business Week, which runs ...
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ArticleOne in five UK workers paid less than living wage
One in five jobs across the UK pays less than the living wage, according to analysis by the Trades Union Congress (TUC).Its report, which analysed official figures from the House of Commons Library, has been published to coincide with the 15th anniversary of the introduction of the minimum wage and ...
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ArticleMost talked-about news on the website
Fujitsu UK and Ireland rolled out a flexible retirement policy in April, which enables employees over the age of 55 to reduce their working hours in the two years before their chosen retirement date with only a partial reduction in pay.“This is really innovative and also an intelligent approach to ...
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Article
Telefonica switches occupational health providers
Telefonica UK has switched providers for its occupational health service.The technology organisation’s new service, which is available for its 8,000 employees, delivers a range of online, telephone and face-to-face occupational health services.These include:Task and job-specific new-employee health screening.Absence management referrals.Health surveillance.Wellbeing and treatment services.Provider Corpore’s health professionals will also carry ...
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ArticleFujitsu launches flexible retirement
EXCLUSIVE: Fujitsu UK and Ireland has launched a flexible retirement policy.The new policy enab;es employees over the age of 55 to reduce their working hours in the two years prior to their chosen retirement date with only a partial reduction in pay.Paula Evans, head of pensions and benefits, UK and ...
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ArticleGovernment extends pension decision period
Employees who have recently taken a tax-free lump sum from their defined contribution (DC) pension scheme will be given a further 18 months to decide what they wish to do with the rest of their retirement savings.Under current tax rules, once a tax-free lump sum has been taken, individuals have ...
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ArticleMatching pension contributions rise in popularity
The number of pension schemes offering matching pension contributions for members has risen by around 100% in the past 10 years, according to research by Towers Watson.Its FTSE 350 DC pensions survey 2014, which questioned 98 FTSE 100 and 241 FTSE 350 companies, found that 75% of respondents now offer ...
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ArticleTrustees unaware of DB pension investment charges
Nearly a quarter (23%) of trustees of private sector defined benefit (DB) pension schemes could not identify what they were paying in investment charges, even though these represent the second largest expense for such schemes, according to research by The Pensions Regulator (TPR).Its Defined benefit scheme running costs research 2014, ...
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ArticleCMA changes to private healthcare could cut PMI costs
Measures introduced in the Competition and Markets Authority’s (CMA) final report into increasing competition in the private healthcare market could result in lower private medical insurance (PMI) premiums and new PMI product design.Its Private healthcare market investigation final report has announced measures including a crackdown on benefits and incentive schemes ...
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ArticleCMA report will change private healthcare market
The Competition and Markets Authority’s (CMA) Private healthcare market investigation final report, published in April, announced a number of measures to address a lack of competition and consumer detriment issues in the market.Joanne Anderson, senior healthcare consultant at Towers Watson, said: “We expect the changes to stimulate further developments in ...
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Article
Fujitsu launches leave policy for carers
EXCLUSIVE: Fujitsu UK and Ireland has introduced a policy that enables employees to take up to four weeks unpaid leave to manage their caring responsibilities.David Brackwell, head of wellbeing and inclusion, UK and Ireland at Fujitsu, said: “One thing that is becoming an increasing challenge for people is caring responsibilities. ...
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Article
Prudential launches salary sacrifice car scheme
Prudential has launched a salary sacrifice car scheme for 2,400 eligible employees.The life and pension provider has signed a four-year contract with Leasedrive, which will supply its Mycar scheme to the organisation.Leasedrive has also helped to communicate the new benefit to employees. John Wills, fleet manager at Prudential, said: “When ...
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Article
EBECS launches salary sacrifice car scheme
EBECS has launched a salary sacrifice company car scheme.The information technology organisation launched the scheme to bolster its employee benefits package and enhance its reward strategy.The scheme was rolled out at EBECS’ three UK offices, where its provider, Pendragon Contracts, demonstrated its online driver information centre and quotation portals.The portals ...
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ArticlePension charges cap could level up low charges
Some scheme members currently benefit from annual management charges (AMCs) well below the 0.75% cap that will be imposed on auto-enrolment workplace schemes from April 2015.Marcus Fink, a partner at law firm Ashurst, said: “The 0.75% cap is a safe figure. I think it possibly could have come down lower, ...