All Article articles – Page 876
-
Article
Jelf Employee Benefits research: Employers unaware of removal of the default retirement age's impact on pensions
Nearly three-quarters (72%) of employers do not appreciate the impact of the abolition of the default retirement age (DRA) on their pension offering and cost, according to a survey conducted by Jelf Employee Benefits.When asked which of the upcoming, or proposed, changes would cause the biggest problems for employers, respondents ...
-
Article
Aviva research: Nearly a third of family heads pay into workplace pension
Nearly a third (28%) of the primary earners in UK families are paying into a workplace pension, according to new research from Aviva.The second quarterly Aviva Family Finances Report revealed that 72% of family heads do not belong to a workplace pension because their employer does not offer one (43%), ...
-
Article
University of Lincoln introduces website for staff to plan retirement
The University of Lincoln has introduced a website to help staff with retirement planning.The site, launched with provider Retirement Education Services in response to the removal of the default retirement age, forms part of the university’s retirement benefits package, which also includes fitness classes at the campus sports centre, pension ...
-
Article
Scottish Widows research: More staff seek pension help
The number of people turning to their employer for guidance on their pension is at its highest level in five years at 19%, according to the Scottish Widows UK Pensions Report 2011.The report, which surveyed more than 5,000 people, found the number who turn to friends and family as a ...
-
Article
Nelsons increases take-up of group personal pension plan and introduces salary sacrifice
Nelsons has increased the take-up of its group personal pension (GPP) scheme and introduced a salary sacrifice arrangement after an extensive communications campaign.The natural medicines provider, which re-launched its GPP between February and March, now has 67% of its employees saving into a pension, compared to 49% previously. Almost three ...
-
Article
Mercer research: SMEs face higher premiums for private medical insurance
Small and medium enterprises (SMEs) face higher premiums for providing private medical insurance (PMI) to staff in 2011, according to data released by Mercer.The data found that, on average, PMI premiums for SMEs have increased by 10% since 2010, while large firms have seen an increase of 4.9%.SMEs pay an ...
-
Article
Linda Holbeche: Would more flexible parental leave end reward inequality?
?In its Modern Workplaces consultation, the government is championing a radical new system of parental leave in which the existing 18 weeks’ maternity leave and pay will be protected, as will the current two weeks of paternity leave and pay. The remainder of maternity leave “should be reclassified as parental ...
-
Article
Willis launches insurance product for grey fleet drivers
Willis has developed an insurance product that can be used in conjunction with Fleet Support Group's online risk management programme.Targeted at grey fleet drivers, the insurance product is underwritten by international insurer Catlin Group and uses HM Revenue and Customs' tax free approved mileage allowance payments (Amap) as its premium ...
-
Article
Specsavers and RSA Group partner to offer eyecare to fleet drivers
Specsavers Corporate Eyecare has partnered insurer RSA Group to offer eyecare to fleet drivers insured under RSA Group’s fleet policies.Specsavers will offer vouchers that entitle staff to a sight test, eye examination and a pair of glasses if necessary. If an employee does not need glasses, they can have non-prescription ...
-
Article
Grove Corporate Pensions launches retirement options division
Pensions consultant Grove Corporate Pensions has launched a new division, Grove Corporate Retirement Options, to help employees with their retirement options.The service will provide employers with their own information website to help employees understand their options.Mike Ormond, financial adviser and founder of Grove Corporate Pensions, said: “Like it or not, ...
-
Article
Ernst and Young launches maternity coaching scheme for staff
Ernst and Young has launched a maternity coaching scheme for its staff.The scheme, which has been taken up by over 240 employees, is part of the firm’s commitment to retain talented women and invest in their career development.Participants in the scheme receive four tailored coaching sessions, which take place before, ...
-
Article
Norton Rose launches salary sacrifice car scheme
Law firm Norton Rose has launched a salary sacrifice car scheme for its UK employees.Its NR Cars scheme, which is provided by Zenith Provecta, includes insurance, road tax, maintenance, replacement types, windscreen cover, breakdown and recovery, accident management, and an account management service.The scheme, which went live in May, was ...
-
Article
North Yorkshire County Council sees substantial take-up of salary sacrifice car scheme
Over the past year 250 North Yorkshire County Council staff have selected low-emission cars through the council's salary sacrifice scheme ‘Everybody benefits’.The salary sacrifice car scheme is provided by Tusker, and the cars have been available to council staff since April 2010.Staff taking part are only allowed to choose cars ...
-
Article
NYSE Euronext Group launches salary sacrifice car scheme
NYSE Euronext Group has launched a salary sacrifice car scheme for its 650 UK employees.Through the scheme, provided by Tusker, staff give up part of their gross salary in exchange for a car with CO2 emissions of 120g per km or below. So far, 2% of the workforce have joined ...
-
Article
GE Capital research: Less employers offering cash payment instead of company car
One-quarter (25%) of employers are offering a cash payment instead of a company car, down from 36% two years ago.The Company Car Trends research by GE Capital, Fleet Services surveyed 300 fleet decision makers.Gary Killeen, commercial director of Fleet Services at GE Capital UK, said: “In the early part of ...
-
Article
TomTom Business Solutions research: Employers unaware inaccurate mileage claims could increase tax
Almost half (47%) of employers that operate fleets are unaware that they could face tax bills for thousands of pounds if staff mileage claims are inaccurate, according to a study by TomTom Business Solutions.The research reveals that while 50% of respondents do not routinely double-check the accuracy of their drivers’ ...
-
Article
Redcar and Cleveland Borough Council introduces salary sacrifice car scheme
Redcar and Cleveland Borough Council has introduced a salary sacrifice car scheme with the aims of reducing carbon emissions, increasing benefits choice and generating savings for the council.Launched with Tusker in April, cars eligible under the scheme have to emit less than 120g/kg of carbon dioxide to meet the council’s ...
-
Article
BGL Group launches financial education programme for staff
BGL Group has launched a financial education programme for its staff.The new Making the most of your money seminars cover areas such as basic financial planning, borrowing, savings and investment, as well as preparing for retirement.Since the scheme's launch in May, 170 employees have signed up for the sessions, which ...
-
Article
Heath Lambert and Wealth at Work team up to offer benefits consulting
Heath Lambert and Wealth at Work have teamed up to offer benefits consulting supported by workplace financial education and advice.Employers that sign up for the joint services will have access to Heath Lambert’s new benefits platform, which includes online flexible benefits enrolment and communication of total reward. The platform also ...
-
Article
Standard Life research: A quarter of employees are not making full use of benefits
A quarter (25%) of employees are not making full use of their benefits package, according to research from Standard Life.Part of the Insights into Financial Responsibility report which polled 8,500 people, the research also found that 31% of respondents are not confident about their financial security at age 60, while ...