All Article articles – Page 626
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ArticleImproving staff health can contribute to business performance
There are clear business benefits to supporting employee health and wellbeing, according to a report by the Confederation of British Industry (CBI).Its report, Getting better: workplace health as a business issue, published with healthcare provider Medicash, outlines how improving employee health can contribute to better business performance through lower absence, ...
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ArticleGary Brewer: Should the government give employers tax breaks on group PMI?
In the current economic climate, any practical assistance is welcome and the government should be applauded for such an intervention if it helps provide respite for hard-pressed organisations.At William Grant and Sons, we already have a group private medical insurance (PMI) scheme in place extending across all employees and, in ...
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ArticleDavid Heaton: Should the government give employers tax breaks on group PMI?
The logic of the new tax-free spend of £500 on treatment recommended by the forthcoming Health and Work Service (HWS) is that it encourages employers to get sick employees back to work more quickly, so extending the relief to all employer-provided private medical insurance (PMI), up to a reasonable value, ...
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ArticleLucy Wright: Should the government give employers tax breaks on group PMI?
Many employers offer private medical insurance (PMI) in their employee benefits package, which is popular with staff. Traditionally, this has often been regarded as a benefit solely for the convenience of the employee and, as such, attracts tax.However, with the increasing importance of attendance management on operational performance and the ...
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Article
Rugby union shortlisted for best travel policy
Capital One and The Rugby Football Union are among the employers that have been shortlisted for the award ‘Best staff travel policy’ at the Employee Benefits Awards 2014.For this award, the judges were looking for a successful strategy that has made company cars and travel benefits effective in an organisation.The ...
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ArticlePMI and dental most common flexible benefits
Private medical insurance for employees’ partners and dependants and dental insurance are the most commonly offered benefits via a flexible benefits scheme, according to The Benefits Research 2014, which surveyed 256 respondents in March 2014.These are followed closely by buying or selling holiday, health screening and critical illness insurance.The top ...
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ArticleHealth screening and GPPs most popular new benefits
Health screening and group personal pension (GPP) plans saw the biggest growth as new benefits introduced by employers over the past year, according to The Benefits Research 2014, which surveyed 256 respondents in March 2014.Just under half (44%) of respondents introduced new benefits to their organisation in the past 12 ...
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ArticlePension contributions and childcare vouchers most popular tax-efficient benefits
Pension contributions via salary sacrifice and childcare vouchers are the most commonly offered tax-efficient benefits via a salary sacrifice arrangement, according to the Benefits Research 2014, which surveyed 256 respondents in March 2014.Salary sacrifice pension contributions remain popular. This year, 87% of employers that offer benefits via salary sacrifice enable ...
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ArticleAT&T and Kodak shortlisted for financial education
AT&T, Kodak and Live Nation are among the employers that have been shortlisted for the award ‘Best financial education strategy’ at the Employee Benefits Awards 2014.For this award, the judges were looking for employers that have taken a proactive approach to their workforce’s financial needs and have supported staff in ...
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ArticleQuarter of companies offered free shares to staff around IPO
Only 26% of companies that have launched an initial public offering (IPO) in the past four years operated share plans that allowed for awards of free shares to all employees, according to research by Deloitte.Its research analysed the listing documents and remuneration reports of companies that joined the London Stock ...
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ArticleEAPs and pensions top core benefits offered to all staff
Employee assistance programmes (EAPs), other types of counselling, and pensions are the top core benefits offered to all employees, according to The Benefits Research 2014, which was carried out among 256 respondents in March 2014.Over the past decade, EAPs have undergone significant growth in popularity as a core benefit for ...
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ArticleBarclays partners The Positive Ageing Company to support ageing workforce
EXCLUSIVE: Barclays Corporate and Employer Solutions has partnered The Positive Ageing Company to launch an online tool to help employers support the challenges of an ageing workforce and their differing financial needs.The tool will sit within Barclays’ Money Works website.It offers employers information and advice to help staff assess monthly ...
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ArticleArthur J Gallagher acquires The Oval Group
Arthur J Gallagher has acquired The Oval Group for a total net consideration of approximately £199 million.Both Oval Healthcare and Oval Financial Services will now become part of the consultancy’s UK-based Arthur J Gallagher Employee Benefits, led by chief executive officer Tim Johnson (pictured).The acquisition will enable the organisation to ...
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ArticleUK universities offered access to master trust arrangement
Heriot-Watt University and the University of Edinburgh are among the employers that have been given access to a master trust framework.The Advanced Procurement for Universities and Colleges (APUC) managed a tender process for more than 200 institutions in the UK’s higher and further education sector.A large number of university and ...
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ArticleDOD’s blog: What employers are doing about the changes to pensions
Over the past few weeks, I have had several industry people ask me how employers are reacting to the announcements made in the Budget last month, in particular, in relation to the withdrawal since 27 March of the need for retiring staff to buy an annuity.There seems to be the ...
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Article77% believe in benefits of financial education
EXCLUSIVE: More than three-quarters (77%) of respondents believe financial education in the workplace is helping employees to achieve better financial outcomes, according to research by financial education provider Nudge Global.The financial education provider’s Employee financial education study 2014, which questioned more than 170 organisations that represent more than 850,000 employees, ...
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ArticleUK annuities market could drop by 75%
The UK annuities market could decline by up to 75% after the government’s changes to compulsory annuity purchase come into effect from April 2015, according to research by PricewaterhouseCoopers (PWC).Its research, which questioned 1,208 respondents aged 50 to 75 who are looking to take their pension in the near future, ...
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Article73% expect to change DC pension scheme investment
Nearly three-quarters (73%) of respondents expect to change their pension schemes’ investment options, in order to offer members a combination of cash and income-generating strategies, according to research by Aon Hewitt.Its research, which polled more than 200 pension managers, trustees and finance directors, focused on the impact of the Budget’s ...
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Article67% concerned about complexities of shared parental leave
More than two-thirds (67%) of respondents are concerned about the potential complexities and increased administrative burden of the government’s incoming shared parental leave system, according to research by Norton Rose Fulbright.The law firm’s research, which surveyed 222 HR professionals, found that 76% of respondents have not taken any practical steps ...
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Article62% in favour of flexibility around pensions
Nearly two-thirds (62%) of UK workers believe giving people more choice and flexibility around how they take their retirement income is a good idea, according to research by Aviva.Its research, which surveyed 1,500 UK employees, found that 80% of respondents were aware of the retirement income changes announced by the ...