All Article articles – Page 639
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Article
Merlin launches global sharesave scheme
EXCLUSIVE: Merlin Entertainments has launched an international sharesave scheme for 9,500 eligible employees.The scheme, which was launched on 13 January and closed on 3 February, was open to staff in 22 countries, including the US, Japan, Germany, Italy and New Zealand.The visitor attraction operator, which owns Alton Towers, the London ...
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ArticleEValue enhances financial planning products
EXCLUSIVE: EValue has enhanced its suite of financial planning and forecasting products, Moneybee.The products can be used as standalone financial planning and forecasting tools, or can be integrated into a portal that employers provide for staff.The updates include:A corporate individual savings account (Isa) fund picker. This provides the ability to ...
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ArticleMultinationals most likely to provide DC pensions for staff
Nine out of 10 (90%) global respondents provide employees with a defined contribution (DC) pension scheme as their main form of workplace retirement provision, according to research by PricewaterhouseCoopers (PWC).Its research, which surveyed 114 multinational employers, found that the same percentage (90%) still want to play a significant role in ...
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Article
Rugby Football League switches health cash plan providers
The Rugby Football League (RFL) has switched health cash plan providers.The employer-funded plan, now provided by Medicash, offers the RFL’s 86 employees based in Leeds access to a range of benefits, including physiotherapy, dental and optical treatments, flu jabs, as well as specialist services, such as consultations and diagnostic treatment.Other ...
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Article
RSA staff take up salary sacrifice car scheme
EXCLUSIVE: RSA has seen 1.5% of its employees take up its car salary sacrifice scheme, meaning it is halfway towards its first-year target of 3%.The insurance organisation launched the scheme for its 7,500 eligible employees in September 2013 and has currently seen more than 110 employees take up the benefit.The ...
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ArticleFocus on dental health at Employee Benefits Connect
Denplan will put the spotlight on oral health during a roundtable discussion at Employee Benefits Connect on 27 February.The roundtable session will aim to make delegates more aware of how dental care can add value to an organisation’s benefits plans, and can help to reduce workplace absence.Roger Matthews (pictured), chief ...
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Article
North Yorkshire County Council launches voluntary benefits plan
North Yorkshire County Council (NYCC) has launched a voluntary benefits scheme.The scheme, Everybody Benefits, is available to the council’s 19,000 employees through a framework agreement.The online portal incorporates lifestyle discounts from provider Xexec, as well as childcare vouchers provided by Computershare Voucher Services, a bikes-for-work scheme provided by Cyclescheme and ...
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ArticleBenefit-in-kind tax most influential for company car choice
More than a third (39%) of respondents cited benefit-in-kind tax as the most influential factor when selecting a company car, according to research by ALD Automotive.Its research, which surveyed 1,000 fleet drivers, found that 25% of respondents chose car specification and 17% chose fuel economy as the most influential factors.Benefit-in-kind ...
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ArticleAnnuities market is not working
The annuities market is not working, according to a review by the Financial Conduct Authority (FCA).Its Thematic review of annuities, which is part of the first stage of the FCA’s review into retirement products, gathered information from 25 organisations representing 98% of the annuities market.The review found that, for a ...
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ArticlePresenteeism higher among unhealthy employees
Unhealthy employees are 53% more likely to suffer presenteeism and 55% more likely to have poorer productivity overall in the workplace, compared to their healthier counterparts, according to research by Pruhealth.Its Britain healthiest company report, which surveyed almost 10,000 employees, found that organisations with poor management leadership around health and ...
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ArticleHMRC to change share plan administration process
HM Revenue and Customs (HMRC) is to change the way both new and existing employee share schemes are administered.In its Finance Bill 2014 new guidance notes, published on 7 February, HMRC detailed its new self-certification and online filing process, which follows recommendations made by the Office of Tax Simplification in ...
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ArticleGovernment to add charges disclosure to Pensions Bill
The government has tabled an amendment to the Pensions Bill to require pension providers to disclose all transaction costs in workplace defined contribution (DC) pension schemes.This extra information is aimed at enabling employers to see exactly how much they are paying for asset management services to get the best value ...
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ArticleNearly one million UK workers suffer long-term sickness absences
An estimated 960,000 UK employees are on sick leave for a month or more each year, according to analysis by the Department for Work and Pensions.Its Long-term sickness absence analysis looked at information from the Office for National Statistics’ Labour force survey, specifically at figures published between October 2010 and ...
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Article81% concerned pensions change could impact service levels
More than three-quarters (81%) of respondents said the volume of change in the pensions sector in the next 12 months will adversely affect the level of services provided, according to research by the National Association of Pension Funds (NAPF).The survey, which questioned 108 respondents, found that 87% of employer respondents ...
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Article63% will not have sufficient pension pot by age 65
Almost two-thirds (63%) of respondents believe they will not have a sufficient pension pot by the age of 65, according to research by Canada Life Group Insurance.Its research, which surveyed more than 700 employees, found that 10% intend to continue working past the traditional retirement age to continue receiving employee ...
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ArticleWhitbread staff share £6m in sharesave payout
More than 1,000 Whitbread employees are to share £6 million following the maturity of the organisation’s three-year and five-year sharesave schemes on 3 February.The employees, who work for brands including Beefeater, Brewers Fayre, Costa Coffee and Premier Inn, saved between £10 and £250 a month into the schemes.The option price ...
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Article
Part-time working mums earn 22% less an hour
Mothers who work part-time earn 22% less an hour than women who work full-time, according to research by the Institute for Public Policy Research (IPPR).Its Childmind the gap: reforming childcare to support mothers into work report found the pay gap, which it has described as the ’motherhood pay penalty’, is ...
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Article
23% of 2014 retirees not ready to stop working
Almost a quarter (23%) of respondents who plan to retire this year said they do not feel ready to stop working completely, according to research by Prudential.Its Class of 2014 research, which surveyed 7,821 non-retired UK adults over the age of 45, found that more than half (54%) of respondents ...
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Article
Benefits packages cost more than 20% of salary
More than a third of respondents said their overall benefits package costs more than 20% of salary, according to research by Towers Watson.Its Benefits health check survey, which questioned employers with between 500 and 2,000 employees, found that 60% of respondents have a consistent philosophy and strategy across their benefits, ...
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Article
10% of Bayer pension members increased contributions
EXCLUSIVE: One in 10 (10%) of Bayer’s 9,000 pension scheme members have increased their pension contributions since the organisation re-branded its pension communications in 2013.More than 800 employees are members of the pharmaceutical organisation’s trust-based defined contribution (DC) pension, while 7,000 employees are members of its defined benefit (DB) pension, ...