All Financial wellbeing articles – Page 12
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ArticleBarking, Havering and Redbridge University Hospitals NHS Trust increases pay rates
Credit: David Burrows / Shutterstock.comBarking, Havering and Redbridge University Hospitals NHS Trust has increased its pay rates to be in line with the London living wage, backdated to April.The trust, which operates Queen’s Hospital in Romford and King George Hospital in Ilford (pictured above), has uplifted its band two bank ...
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ArticleCost of poor employee mental health is £51 billion per year
The cost of poor employee mental health has been found to be £51 billion per year, down from £56 billion in 2021, but up from £45 billion in 2019, according to new research from Deloitte.The professional services network surveyed 3,156 working adults, of which 1,834 were working parents, for its ...
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ArticleNovus Health becomes living pension employer
Health provider Novus Health has received living pension employer accreditation from the Living Wage Foundation.The employer delivers free audiology, physiotherapy and dermatology services on behalf of the NHS. It employs 65 members of staff from its Horbury headquarters and four local health and wellbeing hubs in Wakefield, Pontefract, Normanton and ...
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ArticleVivup and Canada Life UK shortlisted for Best supplier to work for
Employee benefits provider Vivup and group protection and investment provider Canada Life UK have been shortlisted in the Best supplier to work for category at the Employee Benefits Awards 2024.This award was created to recognise an organisation that uses its benefits package to position itself as an attractive employer beyond ...
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ArticleSiemens and Stockton-on-Tees Borough Council shortlisted for Best pensions strategy
Technology firm Siemens and Stockton-on-Tees Borough Council are among the employers shortlisted for Best pensions strategy at the Employee Benefits Awards 2024.This award was created to recognise organisations that have developed a pensions strategy which best meets the needs of employees, whether that includes reviewing and changing existing pensions provision, ...
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ArticleSouth west London bus controllers at Transport UK accept pay rise
Bus controllers employed by Transport UK in south west London have accepted a pay rise following strike action.The bus controllers, who are members of trade union Unite, use technology to control the network and ensure buses run on time and avoid heavy traffic or accidents. The increase is worth 12% ...
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Article59% of managers have seen mental wellbeing impacted due to fewer resources
More than half (59%) of UK managers have reported that their mental wellbeing has been impacted as a result of being asked to do more with fewer resources, according to research by global benefits and reward platform provider Perkbox.Its survey of 2,000 UK managers also found that 49% said they ...
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Article54% of employees said their mental health has declined due to financial concerns
Half (54%) of employees have revealed that their mental health has declined due to concerns about their financial situation, according to new research by financial wellbeing platform Wagestream.Its State of financial wellbeing index 2024 report, which was compiled after surveying 2,000 employees, found that in the three months to May, ...
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Supplier articlehow ‘save as you earn’ share plan savers can avoid an unnecessary tax bill.
Many companies in the UK operate a Save As You Earn (SAYE) share plan, which offers employees a tax efficient way to invest in their company’s shares. Many of these are due to mature in the coming months and years, with some people likely to have doubled, or even tripled ...
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Supplier articlePensions Dashboards are only part of the picture - people need a wider view of their finances
The government has published statutory guidance setting out the staged timetable by which it expects pension schemes to connect to the Pensions Dashboards. Although the deadline for connecting is 31 October 2026, trustees and pension scheme providers are expected to aim to connect by the timetable outlined in the guidance ...
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ArticleActivate Group receives living wage employer accreditation
Accident management specialist firm Activate Group has received real living wage employer accreditation as part of its commitment to show appreciation and respect for its workforce.As of this month, Activate Group has committed to pay the real living wage rate of £12 per hour, resulting in its 220 UK team ...
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ArticleMuslim Aid receives living wage accreditation
UK charity Muslim Aid has been accredited as a living wage employer as part of its strategy to enhance employee satisfaction and retention, and demonstrate its commitment to social justice.As the charity’s head office is based in London, and the majority of its UK staff are based there, it wanted ...
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ArticleTribunal finds woman who worked unpaid for 20 years was constructively unfairly dismissed
An employment tribunal has found that a woman who worked unpaid at her family’s shop for 20 years was constructively unfairly dismissed after her employer falsely declared wage payments to HM Revenue and Customs (HMRC).P Mehat, a wife and mother of two, began working Monday to Saturday in the Premier ...
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ArticleFirefighters and fire control staff to receive on-call and maternity pay rises
Firefighters and fire control employees have received maternity pay improvements, as well as an increase to pay and the retainer paid while on-call.The package has been negotiated at the National Joint Council between the Fire Brigades Union and fire employers for some months and would be binding on all UK ...
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ArticleArriva Northumbria drivers and engineers receive pay increase
More than 300 workers employed by bus operator Arriva Northumbria have accepted a pay increase following an dispute over pay and conditions.The drivers and engineers, who are members of trade union Unite and are based at the Blyth and Ashington depots, have secured a 6.1% increase from this month. They ...
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ArticleThe top 10 most-read articles between 19 - 25 April 2024
The top 10 most-read articles on employeebenefits.co.uk between 19 - 25 April 2024 were: Autoglass and Burger King shortlisted for Best financial wellbeing strategy – large employerGovernment to review fit note systemMichelin guarantees global living wage and enhances parental and healthcare benefitsHays rolls out wellbeing support for UK and Ireland ...
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ArticleJust 35% of employees feel confident in choosing how to access their pension
Just over one-third of pension savers (35%) feel confident to make decisions such as choosing how to access their pension when they reach retirement age, according to research by workplace pension scheme provider TPT Retirement Solutions.Its survey of more than 2,500 defined contribution (DC) scheme members also found that a ...
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ArticleIncreasing minimum pension contributions to 12% could boost savings by £95,530
Increasing minimum pension contributions under auto-enrolment from 8% to 12% could result in additional contributions of £10 billion a year in the UK, according to research by Phoenix Group and WPI Economics.The long-term savings and retirement business and economic consultancy’s report Falling behind the curve, which models the cost to ...
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OpinionNick Hurley and Annie Green: The impact of dropping the real living wage pledge
Earlier this year, Brewdog announced that due to trading losses and financial instability, it will drop its real living wage pledge from April onwards. While many employers will have suffered similar financial difficulties as a result of the cost-of-living crisis, the business’ decision to pull out of the real living ...
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ArticleMichelin guarantees global living wage and enhances parental and healthcare benefits
Credit: ricochet64 / Shutterstock.comTyre manufacturing organisation Michelin is to guarantee a living wage for its more than 100,000 global employees, as well as enhancing parental and healthcare benefits.As part of its deployment of a living wage worldwide, to guarantee employees a salary equivalent to at least the living wage, Michelin ...