All articles by Marianne – Page 27
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ArticleKantar adds holiday trading to flex
EXCLUSIVE: Kantar has added holiday trading, enabling staff to buy and/or sell holiday in 15-minute slots, to its flexible benefits scheme.This follows its move to monthly enrolment windows for its 3,124 UK staff.To date, 87% of employees have logged into its flexible benefits website. Kantar has also had 10,606 logins ...
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ArticleIncome drawdown sales up 64%
The number of income drawdown contracts sold by members of the Association of British Insurers (ABI) in the first quarter of this year increased by 64% compared to the corresponding period in 2014, research from ABI has revealed.Its Retirement income statistics Q1 2015 report found that income drawdown contract sales ...
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ArticleThe Michelin-star work lunch fit for space
Some employees have their lunch paid for by their employer, but one member of staff will be enjoying Michelin-starred food during his six-month mission to the International Space Station.While some workers may be lucky enough to receive a free lunch at work as an occasional benefit, and most astronauts have ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on employeebenefits.co.uk between 25 June-2 July:1. Court rules on voluntary overtime in holiday pay2. Bring Your Dog to Work Day motivates staff3. IBM granted appeal against pension judgement4. Sky uses film imagery to increase flexible benefits take up5. Towers Watson and Willis Group to ...
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ArticleOne million calls to insurers in month after pension freedoms
An announcement published by the Financial Conduct Authority (FCA) yesterday (1 July), states that over one million calls to insurers were made in the first month of the pension freedoms being in place. This represents an 80% increase year-on-year, and a significant rise in activity since the pension reforms came ...
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ArticleBackdated limit on holiday pay claims takes effect
Employees bringing pay claims at employment tribunals from today (1 July) onwards will only be able to claim for unpaid wages for up to two years.The change to unlawful pay reductions was introduced in January to address concerns that rulings in recent holiday pay cases could lead to a high ...
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Article50% find pensions terminology confusing
Almost half (45%) of employees would be willing to save more into a pension if they had a better idea of how they worked, according to research by Capita Employee Benefits.Its third annual Employee insight report, which surveyed 3,001 UK workers, also found that half (50%) of respondents find pensions ...
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ArticleRetirement income a priority for half of retirees
Almost half (47%) of adults feel that securing a guaranteed retirement income is a priority when covering essential expenses, according to a study from asset management firm Fidelity Worldwide Investment.The study, which surveyed 1,014 UK adults over the age of 55, also found that just 39% plan to purchase an ...
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ArticleOracle revamps financial education programme
EXCLUSIVE: Oracle has revamped its financial education programme for its 5,800 UK employees.The technology firm opted to revamp its financial education programme and introduce pensions advice to counteract the challenges surrounding the ageing workforce.To highlight the importance of the programme, which is provided by Secondsight, Oracle introduced a strategic email ...
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ArticleCourt rules on voluntary overtime in holiday pay
A tribunal in Northern Ireland rejected a council engineer’s claim of unlawful deductions from wages, and concluded that voluntary overtime should not be included in holiday pay.In the case of Patterson v Castlereagh Borough Council, Mr Patterson brought the claim forward on the basis that the calculation of his holiday ...
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ArticleChancellor confirms fuel duty freeze
Summer Budget 2015: The government has once again confirmed that fuel duty will continue to remain frozen in today’s (8 July) Summer Budget 2015. Chancellor George Osborne originally cancelled the fuel duty increase planned for September in his 2014 Budget.Overall, action on fuel duty since 2011 will save a company ...
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ArticleCarlsberg UK introduces financial education
EXCLUSIVE: Carlsberg UK has introduced a financial education and wellness programme for its 900 employees in an attempt to develop their overall wellbeing.The brewing firm already has an employee wellness programme in place, which includes health checks and assessments and health insurance. It has now added financial education to complete ...
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AnalysisTop tips to keep company car tax low
If you read nothing else, read this…Choosing low-emission cars will keep tax bills low.Green cars can boost employees’ interest and reduce tax.Benefit-in-kind (BIK) tax is determined by the car’s list price and CO2 emissions.To keep costs low, employers must first do their homework about the costs associated with running a ...
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ArticleBritish Army to offer flexible-working arrangements
The British Army is to offer troops the option of flexible working from 3 September in a bid to double its female workforce.The head of the army, General Sir Nicholas Carter, will also offer its 82,000 troops the opportunity to job share, share parental leave with a partner, or work ...
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ArticleAPL Logistics appoints Ramzan
Shabnam Ramzan has joined APL Logistics as Europe, Middle East and Africa (EMEA) Reward and HR Projects Specialist. She took up the role in October 2016.Previously, Ramzan has worked as compensation and benefits specialist at Hannover Ruck, benefits analyst at Maximus UK and compensation and benefits analyst at Invesco.
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ArticlePostcode Anywhere becomes employee owned
EXCLUSIVE: Postcode Anywhere has launched an employee ownership trust.The Worcester-based software business is now 100% owned by its employees following its two founders, Jamie Turner and Guy Mucklow (both pictured) implementing an enterprise management incentive scheme (EMI) to give all Postcode Anywhere employees the opportunity to own a share of ...
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ArticleAgilisys launches employee ownership trust
IT and business services firm Agilisys has launched an employee ownership trust. Through the trust, Agilisys’ 1,800 staff now own a majority shareholding (50%) in the firm.The move forms part of Agilisys’ plans to evolve the business.Employees in an employee-ownership trust organisation can receive income tax free bonuses of up ...
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ArticleHow the Budget affects employee benefits
Chancellor George Osborne, announced the Summer Budget yesterday (8 July).Below is a summary of all the key announcements impacting employee benefits:The government is to consult on a reformation of pensions tax relief by publishing a green paper shortly, setting out the various options. These choices range from fundamental reforms, for ...
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ArticleMore staff are seeking pensions advice from employers
Over a third (37%) of employers believe that the pension freedoms have encouraged them to play a greater role in financially educating their employees.The study from Close Brothers Asset Management, which surveyed 685 employers, also found that 33% of respondents have seen an increase in staff seeking advice on their ...
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ArticleABInBev introduces financial education
EXCLUSIVE: ABInBev, the world’s largest brewer, has introduced a financial wellness programme for its 1,000 UK employees.The organisation, which owns brands such as Stella Artois, Budweiser and Corona, will be launching the financial education programme at events at four ABInBev sites, including its UK headquarters in Luton.The events, which will ...