All Article articles – Page 627
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Article45% consider mental ill health a major cause of long-term absence
Almost half (45%) of respondents consider stress and mental ill health a major cause of long-term absence among their employees, according to research by industry body Group Risk Development (Grid).Its Group risk employer research study, which surveyed 500 UK employers, found that 25% of employer respondents also considered stress and ...
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Article
Next chief to share £4m bonus with staff
Next chief executive Simon Wolfson is to share a nearly £4 million bonus with the organisation’s staff in May.Around 19,400 staff, who have been employed by the clothing and household furnishings retailer for at least three years, will receive an average of 1.5% of their salary.The bonus has been awarded ...
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Article27% know little about group income protection
More than a quarter (27%) of respondents admitted they know little about group income protection, according to research by Canada Life Group Insurance.Its research, which surveyed 200 employee benefits decision makers at organisations that employ between 150 and 2,000 staff, found that 32% of respondents are unaware of the cost ...
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Article25% would buy an annuity at retirement
Only 25% of respondents would use most or all of their pension pot to buy an annuity when they retire, according to research by Hymans Robertson.Its research, which surveyed 1,000 current members of defined contribution (DC) pension schemes, found that 31% of respondents would not buy an annuity, but would ...
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Article20% take time off work due to stress
One in five (20%) respondents have taken time off work due to a stress-related illness in the past 12 months, according to research by MetLife Employee Benefits.Its research, which surveyed 2,134 respondents aged 18 and above, found that one in 10 respondents have taken more than six days off work ...
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Article19% of women have no pension savings
Nearly a fifth (19%) of women within five years of retirement do not have any private pension savings, according to research by LV=.Its State of retirement report 2014, which surveyed 1,538 British adults over the age of 50, found that just 12% of men have no retirement savings and will ...
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Top 10 most read stories this week 3-10 April
The top 10 most read articles on employeebenefits.co.uk from 3-10 April:1. Court rules IBM breached employer duties in pensions restructure2. Fujitsu launches flexible retirement3. How to maximise savings from tax-efficient employee benefits4. Tax and legal changes to employee benefits take effect5. AT&T and Kodak shortlisted for financial education6. Weetabix consults ...
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Article300,000 more UK workers protected by group risk schemes
The number of employees in the UK protected by group risk insurance grew by 300,000 in 2013, according to Swiss Re.Its Group watch 2014 report, which analysed and summarised group risk business results at the end of 2013, found that the overall UK group risk market grew by 2.8% to ...
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ArticleTalkTalk and Warburtons shortlisted for auto-enrolment
TalkTalk Group and Warburtons are among the employers that have been shortlisted for the award ‘Best pensions auto-enrolment strategy – small employer’ at the Employee Benefits Awards 2014.This award recognises employers that maximised the opportunities offered by the need to comply with auto-enrolment legislation, and that demonstrated how these actions ...
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ArticleSainsbury’s staff raise money for Sport Relief
Sainsbury’s employees have helped to raise £6.5 million for charity Sport Relief, £1 million higher than that given by the supermarket chain in 2012.Sainsbury’s offered employees the opportunity to take part in a range of fundraising activities in the weeks leading up to Friday 21 March, when the first-ever Sainsbury’s ...
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ArticleSMEs still not ready for pensions auto-enrolment
More than half (58%) of small and medium-sized enterprises (SMEs) surveyed have yet to set up a pension scheme to comply with auto-enrolment legislation, according to research by AutoenrolSME.The pensions auto-enrolment service, which was developed in partnership with payroll provider Quartz Payroll, conducted research among 200 UK organisations with between ...
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ArticleEmployee Benefits Magazine - April 2014
As the war for talent looms, employers must ensure they are prepared with an irresistable employee value proposition. Read Positives attract on page 24.Tax-efficient benefits special report: Significant savings can be achieved through tax-efficient benefits, which can then be used to help fund other aspects of reward. Find out how ...
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ArticleEmployee Benefits Awards 2014 shortlist announced
Bacardi, E.On, HSBC, Kodak, Samsung and Unilever are among the employers shortlisted for the Employee Benefits Awards 2014.The winners will be announced during a lunch-time ceremony on Friday 27 June at the Artillery Garden at the HAC in London.For more information and to book a place at the summer partyFull ...
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Employee Benefits Live will take place in London on 24-25 September 2014
Employee Benefits Live is the largest dedicated reward and benefits event in Europe.Contact our sales team to find out about becoming an exhibitor or a sponsor-speaker.Brought to the industry by leading publication Employee Benefits, Employee Benefits Live offers an extensive editorial-driven conference and exhibition over two days.It provides an invaluable ...
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ArticleGender pay gap closes for staff in their 30s
The gender pay gap for full-time employees between the ages of 30 and 39 was just 1% in 2013, according to research by the Department for Media, Culture and Sport.Its Secondary analysis of the gender pay gap report monitored trends in pay between 1997 and 2013 by analysing figures from ...
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ArticlePublic sector pension liabilities reach £1.7 trillion
Public sector pension liabilities stand at £1.7 trillion, £600 billion higher than the amount calculated by the government, according to a report by The Taxpayers’ Alliance (TPA).Its report found that the liability facing taxpayers for unfunded public sector pension schemes is higher than the government’s official estimates of £1.1 trillion.The ...
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Cleaners take life into their own hands
Something for the weekend…Most office-based employees have the safety of sitting behind a desk. So it might not seem important to them to know whether their employer provides life assurance benefits or not.But employees who take their life into their hands might want to check this before going on the ...
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ArticleDebbie Lovewell-Tuck: Do suppliers provide value for money?
If your experiences are anything like those of delegates at the National Association of Pension Funds’ (NAPF) Investment Conference in Edinburgh earlier this month, the answer is most likely to be no.When polled ahead of a panel debate on the topic, nearly three-quarters of delegates said they did not believe ...
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Top 10 most read stories this week
The top 10 most read articles on employeebenefits.co.uk from 20-27 March:1. Employee Benefits Awards 2014 shortlist announced2. BP and Tui criticised over executive pay 3. Engagement biggest HR challenge 4. JLT to acquire Ensign Pensions 5. Buyer’s guide to computer salary sacrifice schemes 6. TPR and FCA launch DC pension ...
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ArticleGovernment sets pension charges cap at 0.75%
The government has announced it will set the charges cap for workplace pensions at 0.75%.The proposal for the cap on pension charges was part of the Department of Work and Pensions’ consultation into charges on workplace pension schemes, which opened in October 2013 and closed in November 2013.The government has ...