All articles by Debbie Lovewell-Tuck – Page 50
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Article
Benefits Research 2011: Changes employers have made to their benefits package
Despite the continuing tough economic conditions, just under half (45%) of respondents to this year's survey have introduced a new benefit in the past year.Ensuring that a benefits package remains fresh and relevant to employees is a surefire way of keeping staff engaged and interested in what is on offer. ...
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Article
Benefits Research 2011: Legislation
After being in the pipeline for a number of years, the Pensions Act 2008 is now looming large, with the legislation set to come into effect for the first tranche of organisations next year. This will see the introduction of automatic enrolment to a qualifying pension scheme, compulsory minimum employer ...
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Article
Benefits Research 2011: Key findings
The aim of this study was to find out which benefits UK employers offer to their staff and how these are delivered. We wanted to find out the impact of the benefits strategies employers use and the issues that shape them, including how legislation such as the forthcoming pension reforms ...
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Article
Employee Benefits/Alexander Forbes Benefits Research 2011
Download a PDF of the Employee Benefits/Alexander Forbes Benefits Research 2011Benefits research 2011: Key findingsBenefits research 2011: Benefits strategiesBenefits research 2011: Responsibility for and branding of benefitsBenefits research 2011: How employers offer benefitsBenefits research 2011: Core benefits provisionBenefits research 2011: Voluntary benefits provisionBenefits research 2011: Benefits offered through salary sacrificeBenefits ...
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Article
Pensions Summit 2011: Salary sacrifice should be abolished
Tax-efficient pension contributions offered via salary sacrifice should be abolished in order to create a flatter society.This is according to Michael Johnson, research fellow policy group at the Centre for Policy Studies and former secretary of the Conservative Party Economic Competitiveness Policy Group. Speaking in a panel debate during the ...
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Article
Employee Benefits Pensions Summit 2011: Nest does not aim to compete with existing workplace pension schemes
The national employment savings trust (Nest) is not intended to replace existing pension schemes such group personal pensions (GPPs), stakeholder schemes and group self-invested personal pensions (Sipps).Speaking at the first day of the Employee Benefits Pensions Summit 2011, Paul Gilbody, director of market engagement at the Nest Corporation, said that ...
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Article
Employee Benefits Pensions Summit 2011: Employers are concerned about the delivery of 2012 pension reforms
Employers are more concerned about how they are going to deliver measures to comply with the 2012 pension reforms than they are about the cost of compliance.Speaking in a panel debate at the Employee Benefits Pensions Summit 2011, Neil Carberry, head of employment and pensions at the Confederation of British ...
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Article
Employee Benefits/Towers Watson Flexible Benefits Research 2011: Key findings
The survey, carried out in January 2011, is based on 379 responses from Employee Benefits' readers and users of www.employeebenefits.co.ukKEY FINDINGS38% see flexible benefits schemes being integrated into wider reward platforms in the future36% will consider introducing salary sacrifice around pensions within flexible benefits as a result of the incoming ...
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Article
SEI research: Meeting funding goals is top pensions priority in 2011
Formulating a plan for meeting funding goals (75%) and making a scheme design change (73%) are the top two priorities this year for executives overseeing pension schemes for their organisation.According to a poll by SEI on the Top Pension Priorities for Pension Scheme Sponsors in 2011, a further 70% said ...
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Analysis
Retirement savings: Corporate wraps
If you read nothing else, read this... Corporate wrap platforms are the subject of a great deal of hype, but very few have actually launched to market. Corporate wraps are particularly suited to low-paid staff, younger employees, those with debt, and higher earners. However, employers should not overlook other staff. ...
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Case Studies
Case study: CSC logs into corporate wrap platform feedback
IT company CSC continually reviews its corporate wrap proposition to ensure it remains relevant and useful for employees. It introduced the Mymoneyworks platform, which it helped provider Scottish Widows to develop,for CSC’s 7,500 UK staff in July 2010. Since then, 2,300 staff have enrolled to use it.The platform includes the ...
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Case Studies
Case study: CPI plays local variation card
CPI Card Group operates regional variations in base salary, premiums and incentive schemes.The plastic cards and services supplier also offers local discounts alongside national deals in its voluntary benefits scheme. The plan, introduced in 2009 and provided by Lealta Benefits, is available to 250 staff across two sites.Alec Smith, HR ...
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Analysis
Tailoring reward on a regional basis
If you read nothing else, read this... Tailoring a reward strategy to suit each region in which an employer operates can help to target labour issues, such as recruitment and retention, resulting in a more efficient reward spend. Regional pay variations have been used by some employers for years. There ...
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Article
The Big Question: What effect could shared parental leave have on benefits?
Dr Caroline Gatrell, senior lecturer, management learning and leadership, Lancaster University Management School:Employers still tend to organise working practices around the idea of dads as full-time income earners, with limited responsibility for childcare, but this just does not reflect the reality for many of today’s families. Once mums and dads ...
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Article
Mercer appoints head of health management consulting for EMEA
Mercer has appointed Wolfgang Seidl as head of health management consulting for Europe, Middle East and Africa.In his new role, Seidl will be responsible for developing Mercer's health management services and advising organisations on general healthcare issues, integrated models of care and absence management.Before joining Mercer, Seidl was executive director ...
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Case Studies
Case study: Julius Baer banks on international pension plan
Swiss private banking group Bank Julius Baer offers an international pension plan for 70 employees in locations such as Singapore, Egypt and Latin America. A further 60 staff are covered by a subplan in Dubai and Abu Dhabi.The scheme, which has been in place for four years, is administered in ...
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Analysis
International reward: The advantages of offshore benefits arrangements
If you read nothing else, read this...Multinational organisations can use offshore employee benefits arrangements to provide perks such as group income protection, death in service, life insurance and pensions.Multinational pooling arrangements, which can be used to provide insurance-based benefits, operate like a profit-share arrangement and can result in savings for ...
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Case Studies
Case study: Thomson Reuters uses multinational pooling for risk benefits
Thomson Reuters operates five multinational pooling arrangements for risk benefits such as life insurance, disability cover and, where viable, medical insurance. It has operated this arrangement, where possible, across the 90 countries in which it has a presence for at least nine years.Mohammed Valjy, international benefits manager at Thomson Reuters, ...
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Article
Finance Bill 2011: Income tax to be payable on EFRBS
The government has confirmed that legislation will be introduced in the Finance Bill 2011 to tackle arrangements that use trusts and other vehicles to reward employees, which seek to avoid, defer or reduce tax liabilities.The legislation will ensure an income tax charge arises where a third party makes provision for ...
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Article
Asperity Employee Benefits acquired by Inflexion
Asperity Employee Benefits has been acquired by private equity investor in a £25.5m buy-out deal.The move will enable Asperity to accelerate its plans to expand into international markets, which have been spurred on by clients' cross-border demands.Glenn Elliott, founder and managing director of Asperity Employee Benefits, said: "Everyone at Asperity ...