All Article articles – Page 738
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Tusker launches portal to aid driver choice
Fleet provider Tusker has launched a site to help drivers select the most suitable car through a salary sacrifice scheme. The site includes an image gallery, independent road test and review information on each car from car-buying guide What Car? It also includes a page that allows employees to select ...
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Employers not trusted to provide financial advice
One in five (19%) respondents do not trust their employer to provide financial advice or planning, according to research by Deloitte.Bridging the advice gap: delivering investment products in a post-RDR world, which surveyed more than 2,000 employees, found that workplace saving could become a growing market for advisers and providers ...
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Computershare to acquire Morgan Stanley’s EMEA shares business
Computershare is to acquire the Europe, Middle East and Africa (EMEA) portion of Morgan Stanley’s global share plan services business.The business provides recordkeeping, administration and trade executive services for corporate shares and option-based compensation plans to a range of EMEA-based employers. It administers accounts for approximately 235,000 employee participants.The acquisition ...
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Employers in Northern Ireland fail to tackle absence
Less than half (48%) of organisations surveyed in Northern Ireland have actively taken steps to reduce the number or duration of employee absences, according to research by investment advisory firm Kerr Henderson, group risk insurer Ellipse and private medical insurer H3 Insurance.The Employee benefits survey, which was completed by almost ...
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Tax incentives could control sickness absence
The majority (90%) of employer respondents would like to see tax incentives introduced for all forms of healthcare-related employee benefits, according to research by Jelf Employee Benefits.The research aimed to identify the right benefits for such tax incentives by asking employers which healthcare-related benefits would most assist organisations in managing ...
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Majority of 2013 retirees would continue working
Nearly six in ten (57%) employee respondents retiring in 2013 would consider working past the state pension age, according to research by Prudential.Its Class of 2013 research found that 40% of these respondents would want to work in full-time employment and 60% would consider working part-time.It also found that 55% ...
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DWP in consultancy charge review
The Department for Work and Pensions (DWP) is in the midst of a review of consultancy charges, which it deems a legitimate risk to employees’ pensions pots.Speaking at the Employee Benefits Pensions and Workplace Savings Summit on 31 January, Bridget Micklem, head of private pensions, policy and analysis at the ...
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Three key drivers for auto-enrolment success
Creating the best environment to make auto-enrolment a success will depend on three key factors, according to Bridget Micklem, head of private pensions policy and analysis at the Department for Work and Pensions (DWP).Firstly, awareness of the importance of auto-enrolment must be maintained in order to maximise engagement with the ...
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Annuity pricing review sparks debate
The Financial Services Authority (FSA) review into pricing in the annuity market prompted discussions at the Employee Benefits Pensions and Workplace Savings Summit on 31 January 2013.Chairing a panel debate on whether auto-enrolment will lead to better retirement outcomes for employees, Debi O’Donovan, editor of Employee Benefits, raised the issue ...
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FSA launches review of annuities market
The Financial Services Association (FSA) has announced it is carrying out a thematic review into annuities.The review will look at the risk of detriment that consumers may face as a result of not shopping around when purchasing an annuity.The review began earlier in January 2013 with discussions about a thematic ...
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Very few MPs use payroll giving
Just nine out of 650 members of Parliament (MPs) currently donate to charity directly from their pay, up from four out of 646 in 2008.The information was gathered through a Freedom of Information request by Geared for Giving.Payroll giving, a scheme introduced in 1987, enables UK employees to donate to ...
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One Housing Group staff face pay cuts
Employees at One Housing Group will be balloted for industrial action following the housing association’s proposal to cut pay for 250 frontline staff.The pay cuts would come into effect from February 2014.One Housing Group has also divided its employees into two zones, those based in inner and outer London, with ...
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Pension deficits rise to £550 billion
Pension deficits rose by more than a third to £550 billion in 2012, according to research by Xafinity Corporate Solutions.The research, which is based on all UK defined benefit (DB) pension schemes using FRS17 and IAS19 accounting rules, found that, despite some brief optimism in September 2012, annual deficits ended ...
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Auto-enrolment will improve engagement
More than half (63%) of respondents agree with the idea of auto-enrolment, according to research by the national employment savings trust (Nest).Its Nest insight report, which draws on five years’ worth of research and evidence from a number of sources, including its own research, found that 67% of respondents agree ...
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Engineering partnership launches EBT
Marine Engineering Partnership (Mepship) has established an employee benefit trust (EBT) to become a wholly employee-owned organisation.The engineering consultancy was advised by Field Fisher Waterhouse in the establishment of the trust. The project team was led by Graham Nuttall, employee ownership and mutuals partner, and author of the Nuttall Review ...
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Verbal praise motivates employees
EXCLUSIVE: Giving staff verbal praise can have a significant impact on employees motivation, especially in a year when pay rises may be off the agenda, according to research by employee engagement organisation People Insight.Its research, How cash-strapped businesses can motivate staff without the need for a pay rise, was compiled ...
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Tune in for live news from the Pensions and Workplace Savings Summit
The Employee Benefits team will be reporting live from the annual Employee Benefits Pensions and Workplace Savings Summit at the Four Seasons in Hampshire.The event, which will take place on 31 January and 1 February, will cover the crucial issues affecting workplace pensions and the future of workplace savings.Speakers include: ...
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Cigna launches health plans for oil and gas workers
Cigna Global Health Benefits Europe has launched a range of health plans designed for rig workers in the oil and gas sector.The Cigna Energy Plans offer three levels of cover: core, advanced and ultra. Employers can cover employees worldwide with the choice of either including or excluding the US.Dependents can ...
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Tullett Prebon delays bonuses for senior staff
Broker Tullett Prebon has agreed to delay bonus payments for senior executives to enable them to take advantage of the reduction in the higher-rate income tax from 50% to 45% in April.It offered the option to eligible employees following staff requests. Of the eligible group, 5% chose to delay their ...
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Older workers bring advantages and challenges
One-third of employer respondents have seen the average age of their workforce increase over the last year, according to research by industry body Group Risk Development (Grid).Its Group risk employer research study 2012 found that the removal of the default retirement age (DRA) in April 2011 has allowed 25% of ...