All Group risk articles – Page 6
-
Case StudiesThe benefits offered by Equifax
The benefits offered by Equifax:Pension and group riskDefined contribution, salary sacrifice pension scheme for all employees. From April 2019, those contributing 3% into their pension direct from salary will receive a 5% contribution from Equifax; if employees contribute 4%, Equifax will contribute 6% and if they contribute 5%, it will ...
-
ArticleHalf do not know how much is in their pension
Around half (49%) of respondents do not know how much is in their pension pot, according to research by price comparison website MoneySuperMarket.Its survey of 1,000 adults also found that 26% of respondents do not have a personal pension and 67% do not have life insurance; in addition, only 18% ...
-
ArticleEXCLUSIVE: Two-thirds provide support and counselling services to employees
EXCLUSIVE: More than two-thirds (69%) of organisations provide support and counselling services to some or all of their employees, making this the highest-ranking type of health benefit, according to research by Employee Benefits and Health Shield.The Employee Benefits/Health Shield healthcare research 2018, which was conducted in July and gathered 162 ...
-
ArticleEXCLUSIVE: 96% of employers offer employee assistance programmes as a core benefit
EXCLUSIVE: Employee assistance programmes (EAPs) are offered as a core benefit by 96% of employers, according to research by Employee Benefits and Health Shield.The Employee Benefits/Health Shield healthcare research 2018 report, which surveyed 162 respondents in July, also found that other popular support and counselling services offered on an employer-funded ...
-
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 ...
-
ArticleBritish Airways pension scheme agrees £4.4bn buy-in with Legal and General
The British Airways-sponsored Airways Pensions Scheme (APS) and Legal and General have completed a £4.4 billion pensioner bulk annuity buy-in, covering around 60% of all pensioner liabilities.Existing longevity reinsurance contracts of approximately £1.7 billion, entered into with Canada Life Reinsurance and PartnerRe, were incorporated into the buy-in arrangement.The APS is ...
-
ArticleEXCLUSIVE: 77% use EAPs to assist employees with long-term health issues
EXCLUSIVE: Employee assistance programmes (EAPs) and flexible working practices rank highest among employers' methods of helping staff with long-term health problems, with 77% and 71% respectively, according to research by Employee Benefits and Health Shield.The Employee Benefits/Health Shield healthcare research 2018, which was published in August and surveyed 162 respondents, ...
-
AnalysisThe benefits and practicalities of an integrated healthcare strategy
Need to know:An integrated rather than siloed approach to healthcare, incorporating mental and physical health, can boost the benefits to engagement and productivity.Employers can reduce the range of treatments needed to support employees, while reaping the rewards of more effective products.External advisers can help to mitigate the logistical issues by ...
-
AnalysisHow can employers cater to multi-generational workforces in their reward packages?
Need to know:Having a multi-generational workforce means catering to employees at every stage of adult life, but doing so can provide important dividends.Disability and care responsibilities are among the core issues for an ageing workforce and those in the 'squeezed middle', but resorting to stereotypes should generally be avoided.Wide-ranging packages ...
-
ArticleA third of large employers use health and wellness promotions to reduce absence
Almost a third (32%) of organisations with 250 or more employees use health and wellness promotions to control absence levels and improve attendance, making this the most popular method among larger employers, according to research by Group Risk Development (Grid).The study, which was undertaken by Opinium on behalf of Grid, ...
-
ArticleMore than half of UK employers do not understand life assurance payout policies
More than half (55%) of employers do not accurately understand the circumstances in which group life assurance (GLA) policies pay out, according to research by Opinium on behalf of Group Risk Development (Grid).The research gathered opinions from 500 HR decision makers at 500 UK employers, including 100 organisations with more ...
-
Article8% receive pet insurance as an employer-paid employee benefit
Fewer than one in 10 (8%) receive pet insurance as an employer-paid and discounted employee benefit, according to research by online legal services organisation Epoq Legal.Its survey of 1,234 UK employees also revealed that 45% of respondents aged between 18 and 34 years old agree that their employer offers benefits ...
-
Article60% prefer employers that support health and wellbeing when aged over 65
Almost two-thirds (60%) of respondents would be more inclined to work for an employer that supports their health and wellbeing with benefits and initiatives working past the age of 65, according to research by Canada Life Group Insurance.The survey of 1,004 UK employees also found 35% of respondents planning to ...
-
Article42% with a death-in-service benefit do not know how much would be paid out
More than two-fifths (42%) of employee respondents who have taken up a death-in-service benefit do not know how much would be paid out to their loved ones in the event of them passing away, according to research by Direct Line Life Insurance.Its survey, which canvassed the opinions of 2,004 individuals ...
-
Article47% believe they have a good selection of employee benefits
Under half (47%) of respondents believe they have a good selection of employee benefits to choose from, according to research by Thomsons Online Benefits.Global employee benefits watch 2018/19: giving employees a voice on global reward and benefits surveyed 2,200 employees in organisations of 4,000 or more employees in the UK, ...
-
ArticleUber to implement paid protection benefits for 150,000 drivers
Taxi and delivery organisation Uber is to introduce paid protection benefits and one-off life event payments for 150,000 independent contractors across the UK and Europe.The new funded benefits, effective from 1 June 2018, have been designed to help provide Uber drivers with greater financial security to ensure that life events, ...
-
Article29% of new group income protection claims in 2017 related to mental health issues
More than a quarter (29%) of new group income protection claims in 2017 were for mental health issues, according to research by Legal and General.The research, which is based on the group protection claims Legal and General paid in 2017, also found that the insurer has paid 2,614 group protection ...
-
AnalysisHow can employers calculate a return on investment on group risk benefits?
Need to knowEmployers should make sure they are maximising all features of group risk benefits they offer.The benefits provided to employees must be communicated in a compelling and timely manner.Employers should also factor in employee sickness absence and the cost of sick pay.Nearly 12.5 million employees were covered by group ...
-
AnalysisGroup risk in numbers
!function(e,t,n,s){var i="InfogramEmbeds",o=e.getElementsByTagName(t)[0],d=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(s)&&(s=d+s),window[i]&&window[i].initialized)window[i].process&&window[i].process();else if(!e.getElementById(n)){var a=e.createElement(t);a.async=1,a.id=n,a.src=s,o.parentNode.insertBefore(a,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");
-
Case StudiesMunich Re UK Services offers a number of core group risk benefits
Munich Re UK Services is a global reinsurer which covers life reinsurance, non-life reinsurance and global risk. The group’s headquarters are in Munich, Germany, and the organisation has more than 43,420 employees.Munich Re UK Services offers a number of core group risk benefits including: group life, private health insurance, private ...