All Article articles – Page 634
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ArticleABI sets out changes for annuities market
The Association of British Insurers (ABI) has announced a plan to ensure people get more help to achieve better outcomes when they turn their pension savings into a retirement income.The plan, which acts on challenges set out in a report from the Financial Conduct Authority on annuities, will be implemented ...
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Article73% of EMEA employers communicate benefits to staff
Just under three-quarters (73%) of respondents in Europe, the Middle East and Africa (EMEA) actively communicate with staff about their compensation and benefits packages, according to research by Aon Hewitt.Its 2014 EMEA Employee benefits communication survey, which questioned 590 organisations across 19 countries in EMEA, including 146 UK employers, found ...
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Article70% lack confidence in staff absence data
One in seven (70%) of respondents are not confident about the accuracy of their employee absence data, according to research by Aon HewittIts Employee Benefits and trends survey, which questioned more than 340 benefits and HR professionals, found that 6% of respondents reported ‘low’ confidence in the system or method ...
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ArticleCompany car tax rates to increase from 2017
Budget 2014: The government has increased the company car tax rates by two percentage points.In tax year 2017-18 and 2018-19 the appropriate percentage of list price, subject to tax, will increase by two percentage points (to a maximum of 37%) for cars emitting more than 75g of carbon dioxide per ...
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ArticleFuel duty to be frozen until 2015
Budget 2014: The government has confirmed fuel duty will remain frozen until spring 2015.Chancellor George Osbourne cancelled the fuel duty increase planned for September in his 2014 Budget. This was previously announced in the Autumn Statement.It means employees with company cars will save £11 every time they fill up their ...
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ArticleBuyer's guide to corporate eyecare 2014
The perk is not only popular with employees, but it helps them to look after their eyesight and other aspects of their health.A full eye examination can detect serious conditions such as diabetes, hypertension and high cholesterol at an early stage, which can help employers to cut their future healthcare ...
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ArticleBuyer's guide to group income protection 2014
The factsWhat is group income protection (GIP)?GIP pays a regular monthly benefit if an employee is unable to work because of long-term illness or injury. Benefits are payable until the employee returns to work or, if earlier, state pension age. Fixed-benefit term policies are also available, typically for periods of ...
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ArticleBuyer's guide to computer salary sacrifice schemes 2014
The factsWhat is a computer salary sacrifice scheme? The benefit, usually offered via a flexible or voluntary benefits scheme, enables employees to pay for a computer, laptop or tablet out of their gross pay, resulting in tax and NI savings for the employee and NI savings for the employer. However, ...
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ArticleOnly 16% of employees would consider an electric company car
Only 16% of respondents would consider an electric car as their next company car, according to research by the Leasedrive Group.Its research, which surveyed 534 employee drivers, found that 51% of respondents would not consider an electric car, while 33% were unsure.More than a third (35%) of respondents cited a ...
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ArticleJust 13% think staff save enough for retirement
EXCLUSIVE: Just 13% of respondents believe their employees are saving sufficiently for retirement, according to research by Wealth at Work.Its Generating income in retirement 2013 report, which surveyed 104 employers, found that only 14% of respondents are aware of the various retirement income options.Nearly two-thirds (65%) of respondents believe their ...
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Top 10 most read stories this week 13-20 March
The top 10 most read articles on employeebenefits.co.uk from 13-20 March:1. Government increases cap on tax-free childcare2. Shared parental leave receives royal assent3. Aon to acquire Lorica Employee Benefits4. Employer-supported childcare vouchers to go5. More flexibility to be allowed when taking DC pension savings6. Expedia aligns flex and auto-enrolment7. How ...
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1,500 BSkyB staff receive sharesave payout
EXCLUSIVE: Around 1,500 BSkyB employees will share a payout after the organisation’s three and five-year sharesave scheme matured in January 2014.The sharesave schemes reached maturity in January, when BSkyB’s share price stood at 888.75p.This marks a substantial gain for members of the schemes, which were launched in 2008 and 2010 ...
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BAT reviews allowances for expat staff
British American Tobacco (BAT) is reviewing the cash allowances it provides to employees deployed to work in high-risk countries.These include countries suffering political unrest and economic hardship.In a session titled What to expect in global mobility compliance at Employee Benefits Connect on 27 February, Catherine Birchall, global mobility and reward ...
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Asda staff to share £27.8m bonus
Employees at Asda stores and depots are to share an annual bonus payout of £27.8 million.Nearly 143,000 employees with more than six months of service at the supermarket chain will receive a bonus of up to £320 on 28 February.More than 14,000 employees from Asda’s best performing stores will enjoy ...
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ArticleLow Pay Commission recommends 3% minimum wage increase
The Low Pay Commission has recommended that the adult minimum wage should be increased by 3% on 1 October 2014, from £6.31 to £6.50.The Executive summary of the Low Pay Commission 2014 report stated that this could increase the number of jobs covered by the minimum wage by more than ...
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ArticleUK staff work £33bn worth of unpaid hours a year
More than 5.4 million employees put in around £640 million worth of unpaid hours every week in 2013, amounting to £33 billion worth of unpaid hours a year, according to research by the Trades Union Congress (TUC).Its research, which was released to coincide with annual Work Your Proper Hours Day ...
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Employee Benefits Connect 2014 speaker slides available
K1 What does the future hold for the employee benefits market? Stephen Hackett, head of health & risk, Aon Risk SolutionsDOWNLOAD SLIDESA1 Evolving technology – future view of how benefits will be deliveredRobin Hames, head of marketing & research and Jon Cooke, head of technology, CapitaDOWNLOAD SLIDESA2 Motivating your ...
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ArticleSaudis should ditch cars for bikes
Something for the weekend…Saudi Arabian employers might want to reconsider which employee benefits they offer to staff.Commuters crossing the 16-mile (26km) King Fahd causeway, which links Saudi Arabia to Bahrain, have been stuck in an eight-hour traffic jam. And it seems there is no end in sight.It has been reported ...
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Top 10 most read stories this week
1. Employer hosts employee’s funeral2. The impact of an ageing workforce on a benefits strategy 3. British Sugar increases benefits take up 4. Employers must support staff with mental health issues 5. Links of London sees 0.8% auto-enrolment opt out6. Presenteeism higher among unhealthy employees 7. Pay growth does not ...
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DOD’s blog: Why a fertility app in the workplace shocked me
A workplace mobile app that tracks female employees’ fertility made the papers this week.Yes, I was as surprised as most of you probably are.Our fertility, or lack thereof, is not something most of us would consider to be a ‘workplace issue’.However, over in the US this new app, called ‘Glow’ ...