All articles by Employee Benefits – Page 123
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The basics of workplace pensions (part 3): pension contributions
This is the third step in our five-step guide to auto-enrolment, detailing what you need to do as an employer. By your staging date, you will have to put your qualifying employees into the qualifying pension scheme. From this date, you’ll need to pay money into the pension scheme, which ...
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WSB Awards announces Johnson Fleming as 2016 finalists
Johnson Fleming has been announced as a finalist in two categories at the Workplace Savings and Benefits Awards: Employee Benefit Consultant of the Year and Financial Education Provider of the Year.The awards recognise the best providers, based on their ability to help employers and their employees in their provision of ...
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The basics of workplace pensions (part 2): a ‘qualifying pension scheme’
This article is the second step in our 5 step guide to auto-enrolment outlining what you need to do as an employer.A qualifying scheme is a pension which meets both the qualifying criteria and minimum requirements set out by The Pensions Regulator.Qualifying schemes may either be defined benefit or defined ...
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A post-referendum slow-down?
Jelf colleagues have spent much of this week on the road delivering presentations to a diverse range of businesses and different professional audiences. This immediate exposure to the business world post the EU Referendum has provided them with a rather incisive snapshot as to the national mood of the business ...
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Keep calm and carry on?
We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault.Many of us just aren’t that great at talking about what’s bothering us. But if someone ...
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Small firms risk non-compliance penalties of up to £500 per day
A recent survey by NOW:Pensions reveals that only 3% of SMEs with less than 50 employees place auto-enrolment among their biggest concerns. The survey asked 350 businesses and placed auto-enrolment in seventh place on the list of concerns, behind sales, access to capital, the EU Referendum, government spending cuts, technology ...
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The basics of workplace pensions (part 1): find out your staging date
The law on workplace pensions has changed. Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it. This is called 'automatic enrolment'.Whether you’re a builder, an architect or employ a personal care assistant, if you employ at least ...
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LISA should not be seen as a threat and could encourage employees to save
As announced in this year’s Budget, a new Lifetime ISA (LISA) will be available from April 2017 for individuals under age 40 which can be used for buying a first home or for saving for retirement. The introduction of the LISA raises some important questions for the future of pensions ...
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Event limits and employee benefits
The world can be a rather scary place.Major disasters happen across the globe on a regular basis, and the 24/7 news culture ensures that each such incident is magnified by replaying the footage time and time again. Statistically however the risk to the average UK employee remains (thankfully) rather small. ...
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Employee Engagement lessons from the EU Referendum
It is perhaps undeniable that the EU referendum appears to have captured the minds and conversations of the general public in a way that everyday Westminster, Council, and indeed European elections have simply failed to do for many years.An anecdotal example from Steve Herbert, Head of Benefits Strategy: I was ...
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Carer friendly: time for employers to wake up?
Over the years we have written extensively on the subject of working parents and childcare on this blog. For this we make no apology, as this topic is often under-reported and the impact on employer and employee alike is often not fully appreciated. For more on this topic please see ...
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Is the war for talent back on?
Recent official employment figures from Her Majesty’s Government are rather impressive.According to the Department for Work and Pensions (DWP) press release issued on the 18th May:The employment rate in the UK has hit a record high of 74.2%The unemployment rate remains at 5.1% (the lowest in a decade and below ...
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Life cover for life
Jennifer Gilchrist Proposition Lead - Design, Royal LondonWhen someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that way because before the arrival of RDR ...
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Should employees trust a robot at-retirement?
Jonathan Watts-Lay, Director, WEALTH at work, on why employees who are approaching retirement should be aware of robo advice.While the pension changes are good news, without financial education and advice employees are vulnerable, not just to the headline-grabbing scams, but to paying unnecessary tax, using the wrong assets for income ...
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Strong results from BHSF
Birmingham-based BHSF, the health and wellbeing business, has seen strong growth again in 2015. Total revenue across the Group grew by 6.2% and the bottom line was a strengthening of the group’s reserves by £967,000.BHSF’s health insurance business saw new insurance applications up by 12% and this strong growth has ...
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BHSF acquires Newhall Medical Practice
The Birmingham-based health and wellbeing group, BHSF, has announced the acquisition of The Newhall Medical Practice Limited from 27 May 2016. This is the seventh such purchase by BHSF since 2012 as it seeks to grow its occupational health (OH) division to provide nationwide coverage.BHSF can trace its roots back ...
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The EU Referendum and HR…
We are now just a calendar month away from the EU referendum. Whatever the outcome this is a seismic moment for the UK, its population, and of course employers also.We are of course strictly non-political, so we won’t be looking to influence our followers towards a decision either way. Yet ...
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High Court ruling could open the floodgates to pension scammers
Until recently, pension providers had wider powers to refuse to make a transfer if they had concerns about where it was going. This acted as a major line of defence in preventing pension scammers from accessing individual’s pensions and savings.However earlier this year, the High Court overturned a Pensions Ombudsman ...
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Workplace pension workshops – learn from the experts
A series of Workplace Pension Workshops will be taking place throughout the UK over the next couple of months. With over 5,600 compliance notices issued in the last 6 months alone from The Pensions Regulator, these events are a must-attend if you're in the process of dealing with your Workplace ...
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Should you offer an employee assistance programme?
Why should I have an Employee Assistance Programme?An (EAP) could be the benefit that you need to help your team feel comfortable and well looked after at work. An Employee Assistance Programme is a form of employee benefit that can be designed to address stress, anxiety and personal problems, in ...