All Financial wellbeing articles – Page 27
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Supplier articlePotential big gains ahead for ‘Save As You Earn’ share plan savers
Potential big gains ahead for ‘Save As You Earn’ share plan savers- How employees can reduce investment risk and avoid unnecessary taxMany Save As You Earn (SAYE) share plans are due to mature in the coming months and years, with some employees likely to have doubled, or even tripled the ...
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ArticleFirst South bus drivers receive cost-of-living payment
Credit: Keith Ryall / Shutterstock.comBus drivers employed by First South have been awarded a £600 one-off cost-of-living payment, ending strike action planned for this month.Following negotiations led by trade union Unite on behalf of its members, First South agreed to make a lump sum payment to the workers in a ...
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ArticleATP to guarantee minimum earning levels for tennis players
The global governing body of men’s professional tennis ATP has announced it is to launch a financial security programme for players in 2024 as part of a three-year trial.Its Baseline programme has been designed to ensure a greater number of players can make a sustainable living from the sport. The ...
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ArticleTetley employees secure 7% pay increase
Almost 200 Tetley workers based in Teesside have accepted a 7% pay rise.The employees work for Tata Consumer Products, which produces Tetley products for the UK and Canada, and are members of trade union GMB. The pay rise will be backdated to 1 April.The workers began a ballot for strike ...
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Article27% of under 35s have calculated required retirement income
Just one-quarter (27%) of UK staff aged under 35 have worked out how much they will need to live on in retirement, according to research by Royal London.The mutual life, pensions and investment firm, which surveyed 4,000 UK adults, also found that two-fifths (38%) of adults under the age of ...
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ArticleAstraZeneca and BAE Systems CEOs have highest FTSE 100 pay
AstraZeneca, BAE Systems and BP have been named as FTSE 100 organisations with the highest chief executive officer (CEO) pay, according to research by the High Pay Centre.Its latest report found that Pascal Soriot of AstraZeneca was the highest paid CEO, making £16.85 million, ahead of Charles Woodburn of BAE ...
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ArticleScottish junior doctors accept 12.4% pay rise
Scottish junior doctors have accepted a 12.4% pay increase for 2023–24 backdated to April, bringing an end the threat of industrial action.A total of 81.64% of British Medical Association (BMA) Scotland members voted in favour of the offer, with a 71.24% turnout. Along with the 4.5% pay rise awarded in ...
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ArticleThe top 10 most-read articles between 11 - 17 August 2023
The top 10 most-read articles on employeebenefits.co.uk between 11 - 17 August were: Tesco Ireland enhances staff health and wellbeing benefits30% of staff prefer CDC pension for decumulation over an annuity or drawdownScotRail staff accept improved pay dealExclusive: A fifth of employees worry about money every dayMedian monthly pay up ...
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Supplier articleSAVINGS ON BACK-TO-SCHOOL ESSENTIALS
EMPLOYEE EXPERIENCE SERIES: SUPPORTING WORKING PARENTS: SAVINGS ON BACK-TO-SCHOOL ESSENTIALS Our third blog on supporting parents in the workplace explores how you can help your employees save on back-to-school essentials through our discounts platform and employee cashback card. Purchasing everything children need for school is expensive, but ...
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ArticleScotRail staff accept improved pay deal
Employees at Scottish railway service ScotRail have voted to accept an improved pay offer made by their employer through a referendum that closed yesterday (Monday 14 August).As part of the deal, train drivers will see a 5% basic pay rise for 2023/24, backdated to 1 April, with a further 1% ...
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ArticleMedian monthly pay up 7.8% year-on-year
Median monthly pay for July 2023 has been estimated at £2,274, a 7.8% increase from July 2022 and the highest rate since 2001, according to data from the Office for National Statistics (ONS).Its latest labour market figures revealed that this was a decrease from £2,308 in June 2023, which was ...
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Article30% of staff prefer CDC pension for decumulation over an annuity or drawdown
Almost one-third (30%) of UK defined contribution (DC) savers said they prefer a collective defined contribution (CDC) pension for a decumulation option at retirement instead of an annuity or drawdown, according to new research.Global professional services firm Aon and financial services provider Aegon’s new whitepaper Collective DC decumulation – is ...
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Supplier articleEach Person Announces the Relaunch of their Diesel Card
Each Person Helps People Save More on Diesel by Relaunching theDiesel Card Across the UK and Northern Ireland! Due to the success of the Diesel Card, Each Person has taken the time to increase the benefits and is ready to relaunch in August. A number of new ...
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ArticleScottish Opera and Royal College of Physicians and Surgeons of Glasgow launch financial wellbeing support
Credit: TreasureGalore / Shutterstock.comScottish Opera and the Royal College of Physicians and Surgeons of Glasgow have introduced a financial wellbeing scheme in order to support their workforces.The two Glasgow-based employers have a combined total of more than 350 employees. Provided by Glasgow Credit Union, its Employer Partner scheme offers staff ...
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ArticleThe Watches of Switzerland Group accredited as living wage employer
Credit: T. Schneider / Shutterstock.comThe Watches of Switzerland Group has been accredited as a real living wage employer by the Living Wage Foundation.As a result of this commitment, every Watches of Switzerland Group employee will receive a minimum hourly wage of £11.95 for those based in London and £10.90 for ...
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ArticleExclusive: A fifth of employees worry about money every day
More than a fifth (22%) of employees worry about money every day, according to research by financial wellbeing organisation Bippit.Its report, The stigma edition 2023, which surveyed 5,000 UK employees and 660 senior HR professionals, also found that more than a third (36%) of employees do not like talking to ...
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Case StudiesOxford University Hospitals deploys multiple methods to communicate financial support
In order to effectively communicate financial wellbeing support to its wide range of employees, UK NHS teaching trust Oxford University Hospitals uses a variety of methods to suit their needs and preferences.The trust is made up of four hospitals: the John Radcliffe Hospital, the Churchill Hospital, the Nuffield Orthopaedic Centre, ...
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AnalysisHow to target financial wellbeing support to employees
Employers can offer financial wellbeing support based on which benefits are most frequently used, which will highlight prevalent financial issues among employees.As employers often have wide-ranging demographics that have varying preferences and needs, different communication methods will be required for each group.Tailored benefits that are personalised to employees’ needs offer ...
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Case StudiesUniversity of Salford targets communications at specific employee groups
Credit: Richard Oldroyd / Shutterstock.comThe University of Salford ensures it provides comprehensive financial wellbeing support and education that is targeted at all different groups of employees.Based in Greater Manchester and with 3,000 employees, the university was a runner up in the Best financial wellbeing strategy at this year’s Employee Benefits ...
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Supplier articleSUPPORTING NEW PARENTS: REGULATIONS & SAVINGS
EMPLOYEE EXPERIENCE SERIES: SUPPORTING NEW PARENTS: REGULATIONS & SAVINGS In our second blog dedicated to supporting parents in the workplace, we cover some statutory regulations supporting working parents. Detailing the costs parents face, we also explore how they can use their employee benefits to save money on ...