All Article articles – Page 703
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ArticleBonus culture in the City on the decline
Bonus culture in the City has declined with a 14% drop in employees receiving bonuses for 2012/13, according to research by Morgan McKinley Financial Services.Its 2012/13 Bonus satisfaction survey, which questioned financial services professionals in London, found that 68% were paid bonuses in 2012/13, compared to 82% in 2011/12.The research ...
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Cost of providing health benefits rising across EMEA
The cost of providing health-related benefits for organisations in Europe, the Middle East and Africa (EMEA) rose by an average of 3.6% in 2012, according to research by Mercer Marsh Benefits.Its EMEA health care survey, which questioned more than 500 organisations across 16 countries in EMEA, found that the biggest ...
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HMRC targets minimum wage cheats in Corby
HM Revenue and Customs (HMRC) has targeted job agencies in Corby in a minimum wage crackdown.A three-day operation uncovered a possible £100,000 owed to 3,000 employees in the area.Officers from HMRC and the Department for Business, Innovations and Skills (Bis) visited 34 employment agencies between 28 and 30 May 2013.HMRC ...
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Axa PPP launches employee dental plan
Healthcare insurer Axa PPP Healthcare has launched a dental plan for employers to provide to staff.The plan offers a choice of six levels of cover of staged reimbursements per treatment.Employees will have telephone access to dental nurses, and can also obtain information about how to maintain good dental health through ...
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The Platforum publishes workplace savings platforms update
The Platforum has published a workplace savings platform market update for employers.Download Guide for employersThe guide brings together the latest research and feedback from employers and adoptees of the platforms, as well as details of existing and new propositions.With 237 employers using platforms, The Platforum estimates that there are now ...
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Lloyds TSB pension scheme sells securities portfolio
Lloyds TSB’s Group Pension Scheme No.1 has sold its share of a portfolio of re-securitised US residential mortgage-backed securites for £1.16 billion.The defined benefit (DB) pension scheme’s trustees were advised by law firm Sackers in the disposal of the portfolio. Law firm Slaughter and May worked alongside Sackers, advising the ...
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Lack of understanding leads to lack of pensions saving
Half (50%) of respondents believe the main reason people do not save in pension schemes is because they do not know what retirement income their pension will give them, according to research by pensions and benefits consultancy Hymans Robertson.The research, which surveyed 101 UK employers, also found that:90% of respondents ...
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Philips launches retirement guidance service
Philips UK has launched a financial guidance service to support employees nearing retirement.The service, provided by OpenRetirementClub, is delivered online and via employee forums.The forums feature expert opinion from providers of retirement income and investment services. Employees can then seek specific financial advice or make informed decisions themselves.Nina Platt, reward ...
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Employers launch flexible working forum
Twenty-two employers, including BT Group, B&Q, Ford, ITV and Lloyds Banking Group, have joined forces to launch the Agile Future Forum (AFF), which aims to develop practical support to increase flexible working practices across the UK.As part of its launch, the AFF has published a report, Understanding the economic benefits ...
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More UK employees saving into share schemes
The number of employees who choose to take up shares in the organisation for which they work has risen in the past year, according to new research by IFS Proshare.The annual IFS Proshare Employee share plan survey has found increases in the participation of both sharesave schemes and share incentive ...
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ArticleIncome drop expected for third of retirees
Retirees can expect their regular income to fall by 40%, according to research by annuity provider Partnership.Its analysis of HM Revenue and Customs (HMRC) data also revealed the regions where retirees are most likely to see their income drop, with London (-48%), the east of England (-40%) and the south ...
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Government to set out plans for collective DC pensions
The government’s report on defined ambition pensions, which is expected this summer, will set out plans to introduce collective defined contribution (DC) pension schemes in the UK.The Department for Work and Pensions (DWP) has confirmed that pensions minister Steve Webb (pictured) has met with large employers that have expressed an ...
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DC pension schemes offering wider investment choices
Defined contribution (DC) pension scheme investors are now being offered a wider choice of funds, according to research by the Pensions Regulator (TPR).Its Scheme governance survey 2013 found that:The proportion of schemes offering just one investment fund has fallen from 32% in 2009 to 18% in 2012.In the past year, ...
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Employers consider scrapping childcare voucher schemes
More than a third (36%) of respondents that currently offer a childcare voucher scheme are considering scrapping it before the new system is finalised or available, according to research by Jelf Employee Benefits.The research, which questioned 124 organisations, follows the government’s proposal to introduce a new childcare voucher system, which ...
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Engage Mutual enhances its health cash plan product
Engage Mutual has enhanced its employee-paid health cash plan product.It has removed the excess payable on a range of treatment areas, added an extra premium level, and added an option for employees to pay by direct debit.The enhancements include:The excess payable has been removed when claiming on consultation and diagnostics, ...
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Time to pimp your company cars
Something for the weekend…new ways for fleet managers to both control costs and ‘upgrade’ cars.Fleet managers may be feeling the eco-(un)friendly pinch with the recently introduced company car fuel tax level and a ultra low emission company car tax.So maybe they could take tips from an extravagant eco-friendly Leicester man ...
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KPMG promotes National Carers’ Week
EXCLUSIVE: KPMG will host an event during National Carers’ Week, which begins on 10 June, to flag up the benefits it offers to carers among its employee population.A representative from the London Fire Brigade’s carers network will come into the professional services firm’s offices for a presentation, while Hugh Neal, ...
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Working mothers need more career support
Working mothers need more career support from their employers, according to research by Santander.The research, which surveyed more than 2,000 women, found that one-third (33%) of those returning to work after starting a family said that the time away had not affected their career progression.The research also found that 26% ...
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PPF compensation cap level to be increased
Pension scheme members whose employers go bust before reaching their scheme’s normal pension age will receive some relief after the pensions minister unveiled new rules on compensation paid by the the Pension Protection Fund (PPF).Steve Webb has announced his intention to increase the compensation cap for longer-serving members by 3% ...
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Working Families launches campaign to support staff with disabled children
Working Families has launched a campaign calling for changes from government, local authorities, employers and support services to help parents of disabled children combine work and care. The Working On campaign’s proposals include:A new form of adjustment leave to give parents short-term time off work during a disability diagnosis or ...