All Article articles – Page 802
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Benefits research 2012: Responsibility and branding
The person responsible for benefits decisions within organisations has changed little over the years. A continuing trend has been the rise in status for compensation, benefits and reward professionals, with these areas increasingly being recognised as an HR specialism. This can be seen in the responsibility given to compensation and ...
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Benefits research 2012: Strategy
Over the past eight years, the benefits market has undergone much development, with many employers now offering vastly different packages from nearly a decade ago. Yet many of the issues and challenges shaping employers' benefits packages remain similar to those experienced back in 2004, when we first carried out research ...
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Employee Benefits/Alexander Forbes benefits research 2012
Download a PDF of the Employee Benefits/Alexander Forbes benefits research 2012Benefits research 2012: Key findingsBenefits research 2012: StrategyBenefits research 2012: Responsibility and brandingBenefits research 2012: Benefits packageBenefits research 2012: Core benefitsBenefits research 2012: Voluntary benefitsBenefits research 2012: Salary sacrificeBenefits research 2012: Flexible benefitsBenefits research 2012: ChangeBenefits research 2012: International benefitsBenefits ...
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Benefits research 2012: Key findings
The aim of this study was to identify which benefits UK employers offer to their staff and how these are delivered.We also wanted to find out the impact of these benefits strategies, along with the key issues and challenges that are shaping them, such as the continuing difficult economic climate ...
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Benefits research 2012: Sponsor's comment: Employees matter most
Staff must be engaged in the design of benefits programmes, says Stephen Watson, head of delivery, defined contribution pensions and benefits at Alexander Forbes Consultants & ActuariesAs I was reading through the results of this year's research, a definite theme started to become clear: value, value and value. Across the ...
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BAE Systems introduces occupational health and wellbeing facility
BAE Systems has opened an occupational health and wellbeing facility at its military air and information site in Samlesbury.The facility is reflective of the defence, security and aerospace firms’ aim to adopt a holistic approach to the health and wellness of its 4,000 staff.It provides a range of services for ...
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The Pensions Regulator publishes guidance on DB pension funding
The Pensions Regulator (TPR) has published guidance on how funding valuations should be approached in the current economic climate.It applies to approximately one-third of the UK’s 6,500 defined benefit (DB) pension schemes, and about 4 million of the 12 million DB memberships. The guidance is aimed at employers and trustees ...
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Co-operative Employee Benefits links with Co-operative Bank to launch current account benefit
Co-operative Employee Benefits has linked with The Co-operative Bank to allow employers to offer staff access to the bank’s Current Account Plus, with a £100 cashback.To qualify for the £100 cashback, employees must open a Current Account Plus before 31 December 2012, use the dedicated switching service to transfer a ...
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Westfield Health launches hospital treatment insurance
Westfield Health has launched hospital treatment insurance that offers employees access to more than 1,300 surgical and medical procedures.The cover, which starts at £1.24 per employee per week, enables employees to receive treatment at any hospital in the UK where private treatment packages are available.The range of procedures covered include ...
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Employees want to snooze on the job
News that nearly half of office workers would willingly swap their lunch break for an afternoon nap may encourage employers to offer sleep-inducing perks, such as bean bags or pillows, in the workplace.Of the 1,000 employees surveyed by website Dealjungle.com, 46% believed that a nap at lunchtime would improve their ...
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The Legitas Group pilots Nest for temporary staff
The Legitas Group is piloting the national employment savings trust (Nest) with a group of temporary staff in response to the incoming pension reforms.The professional services provider to temporary employees began piloting the scheme in February, a full year ahead of its staging date in February 2013.The group has also ...
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Supreme Court case ruling could allow employers to set own retirement age
The Supreme Court has rejected an appeal made by an employee at law firm Clarkson Wright and James who was told he had to retire at 65.The judges upheld the previous decision taken by the Court of Appeal that the business reasons behind the employer’s decision to retire Leslie Seldon ...
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BAA pension scheme goes from surplus to deficit
The BAA Airports defined benefit (DB) pension scheme has moved from a surplus of £38.7 million at 31 December 2011 to a deficit of £103.3 million at 31 March 2012.The airport operator, which includes Aberdeen, Glasgow, Heathrow, Stansted and Southampton airports, reported the funding change in its first quarter results.It ...
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UK employees may need to work at least 11 more years for adequate retirement
Almost half (45%) of employees over the age of 50 may need to work and save for 11 or more years to achieve their target replacement rate of retirement income, according to a study by the Pensions Policy Institute.However, the report, Extending working lives, also found that if employees aged ...
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East Midlands Trains to reduce employees’ DB pension contributions
East Midland Trains will reduce its employees’ pension contributions, after an independent pension valuation.FromJuly 2012, employees will be paying less into their final salary pension scheme.However, members of the Associated Society of Locomotive Engineers and Firemen (Aslef) voted to take strike action on 1, 3, 8, 10, 15 and 17 ...
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EXCLUSIVE: Just-Eat sees 60% take-up for voluntary benefits scheme
Just-Eat has achieved 60% take-up of its new voluntary benefits scheme, since it was launched on 30 March.The scheme, Just-Treats, includes employee discounts, a health cash plan and a bikes-for-work scheme.The scheme was communicated, in conjunction with provider Asperity Employee Benefits, using a teaser campaign, with cryptic hints dropped in ...
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Hundreds of Qrops delisted following legislation change
HM Revenue and Customs (HMRC) has taken hundreds of qualified recognised overseas pension schemes (Qrops) off its register following the enforcement of new legislation this month.HMRC’s most recent register, published on 12 April, showed that around 310 schemes, which had appeared on the previous register, had been dropped. Jurisdictions affected ...
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Ellipse employees walk on fire for charity
Ellipse employees walked on fire in Bermondsey Square in London for charity on 11 April.Led by the group risk insurer’s chief executive officer John Ritchie, the employees walked across 20 feet of burning coals at a temperature of 1,236 degrees fahrenheit, to raise money for charity Winston’s Wish, which provides ...
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Friends Life launches auto-enrolment microsite
Friends Life has launched a dedicated auto-enrolment microsite, where employers, employees and advisers can find out more about the pension reforms.The site includes news from the industry, including regulatory updates, an overview of Friends Life’s auto-enrolment product, a terminology jargon-buster, frequently asked questions, and a range of guides and checklists.A ...
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Group risk premiums rose by 2.9% in 2011
Group risk premiums rose by 2.9% in 2011, reversing the negative trend of the past two years, according to research by Swiss Re.Its Group risk 2012 report showed premiums increased across all product lines, including death benefits (up by 4.1%), long-term disability (up by 0.1%) and critical illness insurance (up ...