All Financial wellbeing articles – Page 93
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Supplier article
The LISA should stay
By Jonathan Watts-Lay, Director, WEALTH at workThe LISA (Lifetime ISA) at present is quite complex as it is trying to do too many things – help with a first house purchase whilst at the same time be a potential savings vehicle for retirement. Instead of ditching the LISA completely, thought ...
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ArticleTPR fines Salvus trustees £5,000 over non-investment of £1.4m in pension contributions
Four trustees of Salvus Master Trust have been fined a total of £5,000 by The Pensions Regulator (TPR) for failing to promptly invest members’ savings for three years.A master trust is an occupational pension scheme that provides money purchase benefits for multiple, unconnected employers. The trustees were in breach of ...
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ArticleEXCLUSIVE: JLT Group launches holistic wellbeing programme for UK employees
EXCLUSIVE: Benefits provider JLT Group has launched a wellness programme focusing on the mental, physical and financial wellbeing of its 3,900 employees in the UK.The programme includes the implementation of mental health first aiders across all 19 offices nationwide, accompanied by mental health and stress awareness training for line managers.The ...
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ArticleEXCLUSIVE: ACCA launches mental health resilience workshops for wellbeing champions
EXCLUSIVE: Global professional accountancy body ACCA has launched pilot mental health resilience workshops for selected staff in London and Glasgow.The workshops, the first of which took place on 19 September 2018, offer advice on the mental and physical steps employees can take to promote wellbeing in the workplace. They are ...
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ArticleCourt of Appeal hearing set for Asda shop-floor workers' pay claim rulings
A Court of Appeal hearing will begin on 10 October over Employment Tribunal (ET) and Employment Appeal Tribunal (EAT) pay claim rulings that Asda shop-floor workers have comparable roles to their colleagues in the supermarket’s distribution centres.The three-day hearing concerns the first of three stages in the equal pay case. ...
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ArticleLippert Components fined $338,151 for overtime pay violations
Indiana-based vehicle parts manufacturing organisation Lippert Components has been ordered to pay $338,151 (£258,959.42) in overtime back pay and liquidated damages following an investigation by the US Department of Labor’s Wage and Hour Division (WHD).Investigators uncovered violations of the Fair Labor Standards Act (FLSA) relating to 1,199 current and former ...
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ArticleTwo-thirds of managers put organisation above staff wellbeing
Although 61% of employees have experienced a mental health issue due to work, or in which work was a contributing factor, 64% of managers put their organisation’s interests above staff wellbeing at some point, and 12% do so every day, according to a workplace mental health report by Business in ...
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ArticleUber drivers set for 24-hour strike over workers' rights
Uber drivers in London, Birmingham and Nottingham are to stage a 24-hour strike over worker's rights from 1pm today and will hold protests outside the organisation’s offices in each of the three cities.The industrial action has been called by the United Private Hire Drivers (UPHD) branch of the Independent Workers ...
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ArticleTwo-fifths of employers provide financial education because it is a valued employee benefit
Two-fifths (40%) of employer respondents provide financial education to their workforce because it is viewed as a valued employee benefit, according to research by financial planning and investment organisation Close Brothers Asset Management.Its Close Brothers business barometer report, which surveyed 900 UK employers, also found that 37% have implemented financial ...
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ArticleEXCLUSIVE: Mundipharma offers choice and convenience with new flexible benefits strategy
Employee Benefits Live 2018: Pharmaceutical organisation Mundipharma’s overhauled flexible benefits package offers wider choice to employees.In a session entitled ‘Building a flexible benefits strategy for the future’, which took place as part of the benefits strategy stream at Employee Benefits Live on Tuesday 2 October, Amy Goodwin, head of reward ...
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ArticleEXCLUSIVE: DWP calls for HR professionals to act as workplace pensions advocates
Employee Benefits Live 2018: HR professionals and employers can help the Department for Work and Pensions communicate the benefits of saving into a workplace pension.In a session titled ‘Auto-enrolment – what can HR learn from the DWP’s national multichannel campaign’, Mary Hennessey, head of marketing and communications at the DWP, ...
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ArticleEXCLUSIVE: RBS’ Cowan says changing workplace requires individual pensions approach
Employee Benefits Live 2018: Changes to the workforce mean the days of a one-size-fits-all approach to lifetime savings are over.In a session titled ‘Lifetime savings for a changing workplace culture and demographic’, Jim Cowan, head of benefits at RBS Group, told delegates that personalisation is the key to the future ...
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ArticleNearly a third of employees say they are not motivated at work
The proportion of people saying they are not motivated at work rose to 29% in 2017, from 18% the previous year, according to a study by reward and recognition consultant Motivates.The April 2018 survey of 2,000 UK employees for the report Living to work asked respondents to reveal the causes ...
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OpinionJonathan Maude: The legal perspective on flexible working arrangements
'Flexibility' is the buzzword around modern working. If employers do not embrace a flexible working pattern, they are likely to lose talent to competitors, and in the current uncertain market and economic conditions, this is the last thing they can risk. So, employers need to fully embrace flexibility for the ...
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ArticleEmployee Benefits Live 2018 set to welcome delegates to ExCeL London
Employee Benefits Live 2018, the largest dedicated reward and benefits event in Europe, is set to welcome delegates to ExCeL London for its 20th anniversary this week.The event, held on Tuesday 2 and Wednesday 3 October 2018, will allow HR, reward and benefits professionals to explore the latest industry innovations ...
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ArticleMaster trust pension schemes now required to apply for TPR authorisation
Legislation now in force means all new and existing master trust pension schemes must apply to The Pensions Regulator (TPR) for authorisation to show they meet a revised set of safeguarding standards.A master trust is an occupational pension scheme that provides money purchase benefits for multiple, unconnected employers.From 1 October, ...
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ArticlePHMG adds paid wedding leave and 'proud parent' leave to staff benefits
Audio branding organisation PHMG has added wedding leave and 'proud parent' leave to its benefits package to help mark this year's National Work Life Week on 1 to 5 October.Staff at Manchester-based PHMG, which employs 450 workers across the UK, US, Canada and Australia, will be entitled to an extra ...
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OpinionProfessor Alex Bryson: All-employee share plans increase loyalty and productivity
Across Britain, around half of all listed organisations run some kind of all-employee stock purchase plan (ESPP), offering workers the opportunity to buy shares in the firm at discounted rates.In How does shared capitalism affect economic performance in the UK?, Bryson and Freeman, 2010, we found plan members behave differently ...
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ArticleCommunisis workers call off strikes after accepting 9% pay offer
Employees at Crewe-based printing organisation Communisis have called off planned strike action after an offer of a 9% pay increase was accepted by members of the Unite union.Communisis workers, who produce cheques and chequebooks, had initially voted for strike action after rejecting an 8% pay rise spread over three years, ...
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Supplier articleWhy are financial benefits so critical to employee experience?
By Debra Corey, Group Reward Director In a report that was published just four years ago, Barclays referred to financial wellbeing as “the last taboo in the workplace” – the one area that HR professionals were still afraid to delve into when it came to their reward and benefits offerings.But ...