All articles by Clare Bettelley – Page 17
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Analysis
How to choose a payroll provider for auto-enrolment
IF YOU READ NOTHING ELSE, READ THIS…Payroll providers are a key part of the auto-enrolment process.However, not all payroll providers offer an integrated service.Employers should identify any gaps in their payroll provider’s service support as soon as possible.The payroll market spent much of last year under fire from employers and ...
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Article
Pensions auto-enrolment handbook 2013
The handbook examines:the importance of having an integrated plan of actiontechnology, including middlewareadministrative suppportpension scheme governanceThe supplement also analyses the key considerations for employers when deciding on advisers and providers to help them with their projects.
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Article
Employers should measure pension scheme value
Employers should measure the value of their pension schemes to ensure they are fit for purpose, according to Debbie Harrison, senior visiting fellow at The Pensions Institute at Cass Business School. Speaking at the Employee Benefits Pensions and Workplace Savings Summit on 31 January, Harrison said employers should start by ...
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Article
SMEs face pensions advice gap
Small and medium-sized (SME) employers are suffering a severe shortage of advisory support in managing their pensions schemes, according to Dr Debbie Harrison, senior visiting fellow at The Pensions Institute at Cass Business School.Speaking at the Employee Benefits Pensions and Workplace Savings Summit on 31 January, Harrison expressed concern about ...
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Article
Consultants under pressure to prove their worth
Pensions consultants face increasing pressure to justify their worth in the new-look pensions world in which providers are offering integrated schemes with in-built governance and employee communication services alongside asset management.Speaking at the Employee Benefits Pensions and Workplace Savings Summit on 31 January, Debbie Harrison, senior visiting fellow at The ...
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Article
Collective-based pensions identified as future for UK
The future success of the UK pensions market requires a move to collective-based pensions, according to David Pitt-Watson, lead for the Tomorrow’s Investor programme at the Royal Society of Arts (RSA) and author of Building the consensus for a people’s pension in Britain.Speaking at the Employee Benefits Pensions and Workplace ...
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Analysis
Travel incentives inspire staff
IF YOU READ NOTHING ELSE, READ THIS…Travel incentives can help to engage and motivate employees.There are incentives to fit motivation budgets of any size.Rewards can range from cinema tickets to round-the-world trips for two.Exotic holidays occupy many an employee’s daydreams during the dreary winter months, but for some employers they ...
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AnalysisVoluntary benefits for parents pay off
IF YOU READ NOTHING ELSE, READ THIS…Providing family-friendly voluntary benefits helps to retain staff.Parental coaching is a growing trend among employers that are keen to retain their top talent.Childcare vouchers are a popular benefit to support working parents.Childcare has been identified as a key priority for the government over the ...
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Case Studies
Parental perks add up for Deloitte
Equally popular is a dedicated support network through which working parents can connect with each another across the accountancy firm, plus a parenting intranet site that carries useful information for working families. Childcare vouchers are available through provider Edenred.Following a provider switch from Bright Horizons to My Family Care last ...
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Article
Consultant’s nous helps to bridge HR commercial gap
Ward was an executive consultant at KPMG and subsequently ran her own consultancy business, as well as taking on a range of HR-based roles, before joining BMI Healthcare in 2006.This stood her in good stead for dealing with the complexities of recent pay freezes. She says: “Three years ago, and ...
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AnalysisHR needs a mind for business
IF YOU READ NOTHING ELSE, READ THIS…There are many definitions of the term ‘commercial HR’.Commercially-minded HR professionals derive their HR strategies from their organisation’s business agenda.Non-HR experience can help HR professionals to develop a commercial edge to their abilities.The phrase ‘commercial HR’ is bandied about the industry as freely as ...
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Analysis
DC pension default investments explained
IF YOU READ NOTHING ELSE, READ THIS…There is no single definition of a default fund.Investment strategy is as, if not more, important than asset allocation.Nest is expected to become a benchmark pension scheme, particularly on charges.A default investment option is the fund or funds into which employers automatically put employees ...
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Article
Government delays fuel duty increase
Autumn Statement 2012: The government is to delay the £3.02p per litre fuel duty increase planned for 1 January 2013 to 1 September 2013.This means that there will be only one fuel duty increase in 2013, and that subsequent increases will take effect on 1 September each year instead of ...
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Article
Time-limited incentives through company car tax
Autumn Statement 2012: The government will consider providing incentives through company car tax to encourage the purchase and development of ultra-low emission vehicles.In his Autumn Statement today, chancellor George Osborne says the government will seek the views of car manufacturers and motoring groups ahead of the Budget 2013 as he ...
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Article
Drawdown limit increase branded ‘sellotape measure’
Autumn Statement 2012: The government’s move to increase the capped drawdown limit of pension funds from 100% to 120% has been branded a ‘sellotape measure’ that fails to tackle major issues in the post-retirement market.In his Autumn Statement today, chancellor George Osborne announced that an individual will be able to ...
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AnalysisFlexible benefits for older workers
IF YOU READ NOTHING ELSE, READ THIS…Employers are reviewing the way in which they offer and fund benefits for older workers.Benefits for older staff may include flexible working, sabbaticals and retirement planning seminars.Most organisations offer benefits to all employees and allow them to self-select according to their needs.The traditional stereotype ...
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Analysis
Choosing a provider for auto-enrolment
IF YOU READ NOTHING ELSE, READ THIS …Employers need to identify their pension scheme requirements before researching the market.A beauty parade should typically involve two or three pension providers.Switching pension provider typically takes between 12 and 18 months.If an employer is dissatisfied with its pension provider, there is an extensive ...
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Case Studies
Benefits cap for older workers does not fit yet for Nationwide
The internal review, which was led by HR director Robert Aldrich and an external law firm, was triggered by a rise in the cost of private medical insurance (PMI) claims being paid out over the last few years by the organisation’s healthcare trust, which is managed by Cigna HealthCare.Aldrich says: ...
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Article
Corporate gym membership – buyers’ guide
Employee Benefits’ Benefits Research, published in May 2013, shows that just 12% of employers offer gym membership as a core benefit to all employees, compared with 17% four years ago in 2009.The Benefits Research also shows that many employers (12%) are offering employees the benefit through their flexible benefits schemes, ...
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Article
Nationwide shelves plan for benefits cap
EXCLUSIVE: Nationwide Building Society has shelved plans to cap employee benefits for older workers after a review concluded that the cost of provision did not yet outweigh the value of the package to employees.The review, led by HR director Robert Aldrich and an external law firm, was triggered by a ...