All articles by Debbie Lovewell-Tuck – Page 38
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ArticlePMI and dental most common flexible benefits
Private medical insurance for employees’ partners and dependants and dental insurance are the most commonly offered benefits via a flexible benefits scheme, according to The Benefits Research 2014, which surveyed 256 respondents in March 2014.These are followed closely by buying or selling holiday, health screening and critical illness insurance.The top ...
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ArticleHealth screening and GPPs most popular new benefits
Health screening and group personal pension (GPP) plans saw the biggest growth as new benefits introduced by employers over the past year, according to The Benefits Research 2014, which surveyed 256 respondents in March 2014.Just under half (44%) of respondents introduced new benefits to their organisation in the past 12 ...
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ArticlePension contributions and childcare vouchers most popular tax-efficient benefits
Pension contributions via salary sacrifice and childcare vouchers are the most commonly offered tax-efficient benefits via a salary sacrifice arrangement, according to the Benefits Research 2014, which surveyed 256 respondents in March 2014.Salary sacrifice pension contributions remain popular. This year, 87% of employers that offer benefits via salary sacrifice enable ...
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ArticleEAPs and pensions top core benefits offered to all staff
Employee assistance programmes (EAPs), other types of counselling, and pensions are the top core benefits offered to all employees, according to The Benefits Research 2014, which was carried out among 256 respondents in March 2014.Over the past decade, EAPs have undergone significant growth in popularity as a core benefit for ...
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ArticleEmployee Benefits Magazine - April 2014
As the war for talent looms, employers must ensure they are prepared with an irresistable employee value proposition. Read Positives attract on page 24.Tax-efficient benefits special report: Significant savings can be achieved through tax-efficient benefits, which can then be used to help fund other aspects of reward. Find out how ...
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ArticleEmployee Benefits Awards 2014 shortlist announced
Bacardi, E.On, HSBC, Kodak, Samsung and Unilever are among the employers shortlisted for the Employee Benefits Awards 2014.The winners will be announced during a lunch-time ceremony on Friday 27 June at the Artillery Garden at the HAC in London.For more information and to book a place at the summer partyFull ...
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ArticleDebbie Lovewell-Tuck: Do suppliers provide value for money?
If your experiences are anything like those of delegates at the National Association of Pension Funds’ (NAPF) Investment Conference in Edinburgh earlier this month, the answer is most likely to be no.When polled ahead of a panel debate on the topic, nearly three-quarters of delegates said they did not believe ...
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AnalysisDaniel Gilborn: Computer scheme returns
The home computing initiative (HCI) was a government programme first introduced in 1999 to improve the IT skills of employees and grow the number of internet users. It allowed employers to provide personal computers and peripherals to their staff without the benefit being taxed.In April 2006, HM Revenue and Customs ...
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ArticleTobin Murphy-Coles: The even hotter Hot 100
It is not lost on me that to be in the Hot 100 today is a fairly profound achievement.If I look back at benefits provision five or 10 years ago, you couldn’t get away from recruitment, retention, strategy and the oh-so-important war for talent. Today, that almost seems charming. Wasn’t ...
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AnalysisEmployee Benefits' Hot 100 list of benefits managers for 2014
‘Congratulations to the 2014 Hot 100 benefits managers’ — read Employee Benefits’ Editor Debi O’Donovan’s take on this year’s Hot 100.‘The challenges and learning curve for anyone in this role are enormous’ — read Hot 100 sponsor Lorica Employee Benefits’ take on this year’s list.Skip to D Skip to J ...
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AnalysisStephen Hackett: Health management and wellness: tackling a growing global issue
A combination of factors means health insurance benefits are under increasing financial pressure globally. The cost of health insurance is rising by 3-5% above gross domestic product (GDP) in most countries in the world.This puts increasing pressure on employers that provide health insurance as part of their benefits offering. So ...
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ArticleEmployee Benefits Awards 2014 open for booking
Tables at the Employee Benefits Awards 2014 are now open for booking.Judging for the Awards has taken place and finalists will be announced next week.The industry’s biggest summer party and celebration of the good and the great in benefits will take place on Friday 27 June 2014 at the Artillary ...
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ArticleNew employer contributions for public sector pensions
The government is to introduce new employer contribution levels for several public sector pension schemes.The Budget 2014 stated that from 1 April 2015, new employer pension contribution rates will apply to the Principal Civil Service Pension Scheme, the NHS Pension Scheme (E&W), and the Police Pension Scheme (E&W).In addition, from ...
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ArticlePublic sector pay awards limited to 1% until 2016
The government has confirmed that pay awards for most public sector workers will be limited to 1% in 2014-15.In the Budget 2014, Chancellor George Osborne also announced the intention that pay awards would be limited to 1% in 2015-16.In the civil service, proposals have now been agreed with departments and ...
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ArticleDebbie Lovewell-Tuck: Celebrating benefits excellence
I was surprised to learn that while the most senior, experienced reward directors can find it difficult to move to an HR director role if they do not have some generalist HR experience (even if they have experience in several HR specialisms), on the flipside, compensation and benefits experience is ...
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ArticleLongevity biggest issue impacting pensions saving
The creation of a savings culture is necessary in order to overcome the impact of longevity on lives and savings, such as the amount employees put aside for retirement.Speaking at the National Association of Pension Funds (NAPF) Investment Conference on 5 March, Larry Fink, chairman and chief executive officer of ...
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Article
Google opens onsite wellness centre in Ireland
Google has opened an onsite wellness centre for employees at its Irish office.The wellness centre supports the technology firm’s Optimise Your Life strategy, which is aimed at creating the happiest, healthiest employees, explained Oli Husemeyer, international benefits project manager at Google, during a session entitled The impact of stress on ...
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ArticleSuppliers do not give value for money for pension plans
Nearly three-quarters (71%) of delegates at the National Association of Pension Funds (NAPF) Investment Conference do not believe pension funds are getting value for money from consultants, providers and active asset managers.During a panel debate, which followed the poll, Robert Brown, chairman of the Global Investment Committee at Towers Watson, ...
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ArticlePension charges cap could stifle industry
A cap on pension charges could stifle the innovation and creativity needed in pensions to provide better retirement outcomes for employees.Speaking in a session titled Does cheap mean low quality? at the National Association of Pension Funds (NAPF) Investment Conference on 6 March, James Churcher, pensions manager at Abbott Laboratories, ...
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AnalysisGuy Roberts: Cars are the biggest benefit, but can be the trickiest
After a house, a car is typically the biggest purchase a person makes. So it is no surprise that cars are quickly becoming an essential part of a competitive benefits package.However, company cars have always posed challenges. Balancing issues such as the choice of cars, recharges and ex-employees leaving cars ...