All Article articles – Page 712
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Article
Sovereign Health Care launches new health cash plan
EXCLUSIVE: Sovereign Health Care has launched a new health cash plan that costs 90p per employee per week.Its Merit plan offers employees 100% payback up to the policy limit on a range of healthcare costs, including dental and optical charges, as well as treatments such as acupuncture and physiotherapy.The plan ...
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Cafcass introduces new employer-paid health plan
Family court advisory and support service Cafcass has introduced a new employer-paid health plan.The scheme, which is provided by Medicash, offers employees access to a range of benefits including physiotherapy, dental and optical treatments, flu jabs and specialist services such as health screening, specialist consultations and diagnostic testing.So far, 98% ...
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Article
Whitbread and BT shortlisted for share plans
BT Group, Home Retail Group and Whitbread are among the employers shortlisted for the ‘Best employee share scheme’ at the Employee Benefits Awards 2013.The judges looked at how share schemes were communicated, how organisations handled any fluctuations in share price, and the impact of schemes on measures such as retention, ...
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Article
Career breaks could reduce womens' pension pots
Women who take a career break could see their pension reduced by as much as £3,800 a year, according to research by private bank Duncan Lawrie.The report, which surveyed 2,059 people online and was conducted by YouGov on behalf of Duncan Lawrie, revealed that a quarter (25%) of respondents are ...
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Reeves raises engagement with flexible benefits
Reeves and Co has seen 86% of employees log into its new flexible benefits scheme since it was launched in March 2013.The enrolment window for the scheme opened on 13 March, following the launch of a voluntary benefits scheme at the end of February.At the same time the accountancy firm ...
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UK workers struggle with work-life balance
Heavy workloads are responsible for increased stress levels, with 60% of respondents finding it difficult to switch off from work when at home, according to research commissioned by health cash plan provider Medicash.The research, which surveyed more than 1,000 working parents in the UK, found that respondents who felt they ...
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Article
AWD Chase de Vere rebrands as Chase de Vere
Independent financial advice firm AWD Chase de Vere has been re-named as Chase de Vere as part of a large re-branding exercise.Stephen Kavanagh (pictured), chief executive of Chase de Vere, said: “We have made huge progress in the past four or five years, transforming our organisation into a high-quality, client-focused ...
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Ban on consultancy charges for auto-enrolment
The government has banned consultancy charges for auto-enrolment pension schemes.The move aims to protect employees from high and inappropriate pension charges.It follows a six-month-long review of consultancy charges conducted by the government, which concluded that existing measures to prevent advisers deducting high charges from members’ pension pots are inadequate.The review ...
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Zurich launches auto-enrolment default fund
Zurich’s corporate savings business has launched an auto-enrolment default investment fund in partnership with asset management organisation Schroders.The Zurich Dynamic Lifestyle Portfolio will be available to new and existing members of Zurich’s workplace pension schemes.The fund consists of three underlying funds. Schroders will manage the mixed investments and the defined ...
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Article
Asda and Tesco shortlisted for total reward statements
Santander UK, Tesco and Virgin Media are among the employers that have been shortlisted for the award ‘Best total reward statements’ at the Employee Benefits Awards 2013.For this award, the judges were looking for an entrant that had successfully integrated total reward statements into its benefits communications strategy, and used ...
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Article
Asda and BMW shortlisted for car perks
Asda and BMW UK are among the employers that have been shortlisted for the award ‘Best car and travel benefits’ at the Employee Benefits Awards 2013.For this category, the judges were looking for a successful strategy that has made company cars and allowances effective as a benefit within an organisation.The ...
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Article
Regulator publishes three-year strategic pensions approach
The Pensions Regulator (TPR) has set out its strategic approach to regulating defined benefit (DB) and defined contribution (DC) pension schemes, and maximising employer compliance with auto-enrolment duties in its latest corporate plan.The strategic themes in the Corporate plan 2013 – 2016 include:Reducing risks to DB pension scheme members.Improving outcomes ...
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Article
Presenteeism on the rise among UK workforce
Presenteeism among the UK workforce is on the rise, with 93% of employee respondents coming into work despite being ill, according to research by Canada Life Group Insurance.Its research, which polled more than 1,000 UK workers, found that more than a third (36%) of respondents would rather use their annual ...
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Article
Marine Systems appoints DB pensions adviser
Global Marine Systems has appointed Aon Hewitt to provide investment consulting services for its defined benefit (DB) pension scheme.The installer of sea cables for the telecommunications industry’s pension scheme has 450 members and assets of £90 million.Roy Webber, chairman of Global Marine Systems Trustees, said: “Our scheme was in need ...
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Article
Aviva adds musculoskeletal service to private medical insurance
Aviva is to add a musculoskeletal rehabilitation service to its corporate private medical insurance scheme for large employers.Its BacktoBetter service, which is aimed at helping employees with any musculoskeletal conditions return to work more quickly, will combine the insurer’s BackUp and BackUp Plus programmes into one employee-focused service from 1 ...
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Optimism about retirement low across the globe
Only 12% of respondents globally are very optimistic that they will have enough money to live on when they retire, according to research by Aegon and Transamerica Center for Retirement Studies.The Aegon retirement readiness survey 2013, which polled 12,000 workers and retirees in 12 Asian, European and North American countries, ...
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ABF and Finmeccanica shortlisted for DC investment strategy
Associated British Foods and Finmeccanica UK are among the employers shortlisted for the ‘Best defined contribution (DC) pension default investments’ at the Employee Benefits Awards 2013.For this category, the judges looked at a variety of factors, including: What types of investment make up the DC scheme’s default investment option? Is ...
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Article
8% opt out for auto-enrolment at Dairy Crest
EXCLUSIVE: Dairy Crest has seen 8% of employees who were auto-enrolled in April opt out of its pension scheme.Around 60% (2,589) of employees have been auto-enrolled into a new compliant section of the stakeholder scheme, while 208 have opted out.Simon Cumpsty, head of employee relations and reward at Dairy Crest, ...
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FTSE 100 prepared to pay 10% in DC pension contributions
FTSE 100 employers with defined contribution (DC) pension schemes are prepared to pay an average of 10% of salary into employees’ pensions, according to consultancy Towers Watson.Its annual FTSE 100 Defined contribution pension scheme survey, which questioned 90 of the FTSE 100 employers, found that, where employers provide the same ...
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ArticleWhy employers offer employee benefits
EXCLUSIVE RESEARCH: Recruiting (stated by 84% of respondents) and retaining (stated by 83%) employees are the top two reasons that employers offer benefits to staff, according to exclusive research by Employee Benefits.The Benefits research 2013, which surveyed 561 HR and benefits professionals, found that employers are also focusing on supporting ...