All articles by Jennifer Paterson – Page 9
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Article89% of fleet drivers have faked mileage claims
Nine out of 10 (89%) respondents have submitted an inaccurate mileage claim to their employer, according to research by car hire organisation Flexed.co.uk.Its research, which surveyed 1,200 company car drivers, found that 63% of respondents had added personal miles to their work driving total for personal gain.The research also found:20% ...
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Article85% of salary sacrifice drivers want more communication
Around 85% of respondents would be open to further communications about their salary sacrifice car scheme, according to research by Zenith.Its research, which surveyed 327 eligible salary sacrifice car scheme drivers, found that take up of the scheme varies considerably, depending on the level of communication permitted, from around 15% ...
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ArticleOffice of Budget Responsibility projects future retirement age of 70
Future generations of UK employees will have to work until age 69 or 70 before they receive their state pension, according to a report by the Office for Budget Responsibility (OBR).Its Fiscal sustainability report, which was presented to Parliament on 10 July, projects that state pension costs will increase from ...
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ArticleOcado staff receive sharesave payout of £7,900
EXCLUSIVE: Ocado employees have received average payouts of £7,900 after its first three-year sharesave scheme matured.The sharesave scheme, provided by Capita Employee Benefits, matured on 1 December 2013.The six-month maturity period, during which time members decide how to exercise their options, came to a close in June.Joanna Gordon-Utting, reward and ...
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Article51% of eligible staff take part in sharesave schemes
More than half (51%) of eligible employees are now taking part in a sharesave scheme via their employer, up from 34% in 2013, according to research by industry body IFS Proshare,The annual IFS Proshare Sip and SAYE survey found that total monthly employee contributions to sharesave schemes rose by £28 ...
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Article33% expect employers will fund workplace financial guidance
A third (33%) of respondents expect that employers will have to fund financial guidance for their entire workforce following the pension reforms announced in the Budget 2014, according to research by Jelf Employee Benefits.Its research, which surveyed more than 200 employers, found that just over a quarter (28%) of respondents ...
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ArticleOnly 26% of UK respondents confident about DC pension savings
Around a quarter (26%) of UK respondents feel confident that they will have enough saved through their employer’s defined contribution (DC) pension scheme to afford the lifestyle they want in retirement, according to research by State Street Global Investors (SSGA).Its research surveyed more than 2,000 respondents aged between 22 and ...
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Article25% offer just statutory maternity pay to staff
A quarter (25%) of respondents only offer statutory maternity pay to staff, according to research by My Family Care.Its research, which surveyed 100 employers, found that, among respondents that do provide enhanced maternity pay, the duration ranged from three weeks to 52 weeks.The research also found that the legal and ...
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ArticleSick days cost UK employers £23bn a year
Sick days are costing UK organisations more than £23 billion a year, down from £29 billion a year ago, according to research by PricewaterhouseCoopers (PWC).Its research, which surveyed 2,500 global organisations, found that UK employees still take triple the number of sick days than their global counterparts.UK employees take an ...
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ArticleAuto-enrolment will add 8.5m new pension savers by 2030
Around 8.5 million people could become new pension savers by 2030 if auto-enrolment opt-out rates remain around 9-10%, according to research by the Pensions Policy Institute (PPI).The report, How will automatic enrolment affect pension saving?, which was sponsored by Legal and General, analysed data provided by auto-enrolment pension scheme providers ...
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ArticleAt-retirement market set to triple in 10 years
The at-retirement market is set to grow considerably in the next 10 years, according to research by Towers Watson.Its research, which used projections derived from a study of the aggregate value of UK pension pots for different age segments, estimated that inflows into the market will reach £50 billion by ...
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Article1,000 Interserve staff receive sharesave payout
Nearly 1,000 UK-based Interserve employees will see an average profit increase of £1,447 after the organisation’s three-year sharesave scheme matured on 1 July.This profit results from a rise in the option share price from 231p when the scheme launched to around 610.7p, as at 1 July 2014.The support services and ...
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ArticleNestlé accredited as living wage employer
Nestlé has received accreditation as a living wage employer.The accreditation covers approximately 8,000 employees across Nestlé UK and its sister organisations, which include Nestlé Nutrition, Nestlé Professional, Nestlé Waters and Nestlé Purina Petcare.Staff who are employed directly by Nestlé UK are already paid the living wage.The manufacturer will now work ...
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ArticleWhich employers will win Employee Benefits Awards?
Asos, Bacardi, Cisco, E.On, KFC, Manchester City Football Club, Samsung and Tesco are among the employers shortlisted for the Employee Benefits Awards 2014.Which employers will take home awards?The winners will be announced today, 27 June, during a lunch-time ceremony at the Artillery Garden at the HAC in London.Follow Employee Benefits ...
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ArticleUniversity College Cork launches online discounts scheme
EXCLUSIVE: The University College Cork has launched an online discounts scheme for its 3,000 employees.Its Extra For Me website, which has been branded for the university by provider Jordan Media Ireland, includes access to discounts from retailers such as Argos, Boots, Currys, Love2Shop, New Look, Marks and Spencer and Milano.Employees ...
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Article12% have taken time off due to work-related stress
More than one in ten (12%) of respondents have taken time off due to work-related stress, according to research by Canada Life Insurance Group.Its research, which surveyed more than 900 employees, found that more than a quarter (26%) of respondents admitted to taking time off work when they were not ...
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ArticleGyles Brandreth to host Employee Benefits Awards
Writer, broadcaster, former MP and government whip Gyles Brandreth is to host the Employee Benefits Awards in London on Friday 27 June.Brandreth is also a reporter on BBC’s The One Show and a regular on Radio 4’s Just a Minute.His books include The Oscar Wilde Murder Mysteries and the bestseller ...
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ArticleGovernment sets out legislation on collective pensions
The government has set out legislation on collective pensions in the new Private Pensions Bill.The purpose of the new legislation, which was confirmed in the Queen’s Speech on 4 June, is to enable employers to develop shared risk, or defined ambition, schemes that offer more certain outcomes for employees, while ...
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ArticleOnly 22% of multinationals have access to financial data on benefits
Only 22% of global or regional benefits managers in multinational organisations have access to comprehensive and timely financial data on the cost of their global benefits programmes, according to research by Towers Watson.Its 2014 Current and emerging global benefits themes research surveyed 492 professionals in reward, pensions and benefits roles ...
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ArticleCapital One and Three UK make benefits team shortlist
Capital One, Nottingham City Council, Three UK and Unilever have been shortlisted for the award ‘Benefits team of the year’ at the Employee Benefits Awards 2014.This award celebrates how an in-house benefits team worked together to deliver benefits that meet the HR and business strategies of organisation.The full category shortlist ...