News – Page 3
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ArticleNearly 12.9 million people were covered by group risk schemes in 2018
Nearly 12.9 million individuals were covered by group risk schemes at the end of 2018, according to research by insurance provider Swiss Re.Its Group watch 2019 report, which is based on data collected from 13 product providers in the group risk market in the UK and 20 employee benefits consultants, ...
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ArticleEXCLUSIVE: Mention Me introduces life insurance for 70 staff
EXCLUSIVE: Referral marketing organisation Mention Me has introduced a new life insurance benefit for its 70 employees, to support staff wellbeing and align with its organisational culture.The benefit, provided by Yulife, has been implemented in order to reflect the start-up’s growing organisational culture, aligning to its core values: strive, balanced ...
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ArticleOne day left to take part in exclusive benefits strategy research
How is your organisation’s benefits strategy changing to reflect future challenges? How do you measure employee engagement? What outside influences are shaping your approach to reward?There is just one day left to have your say in Employee Benefits' exclusive benefits strategy research.We are particularly interested in finding out about the ...
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ArticleAround two-thirds say contributory pension schemes are their most valued benefit
Around two-thirds (62%) of respondents state that a contributory pension scheme is one of their top five most valued benefits, according to research by global advisory and brokering organisation Willis Towers Watson.Its survey of 2,000 UK employees also found that respondents most valued health insurance (43%), life insurance (40%), critical ...
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ArticleTwo-fifths would feel more positive about their employer if offered an annual bonus
Two-fifths (40%) of employees would feel more positive towards their organisation if they were offered an annual bonus within their benefits package, according to research by Canada Life Group Insurance.Its survey of 1,001 UK employees found that bonuses are more highly valued by older staff, as 53% of those over ...
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ArticleAIG Life completes acquisition of insurance provider Ellipse
Insurance organisation AIG Life has completed the acquisition of Ellipse, a specialist group life, critical illness and income protection provider in the UK, following the receipt of required regulatory approval.The terms of the purchase, from German reinsurance organisation Munich Re, have not been disclosed.AIG Life now intends to distribute both ...
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ArticleA third believe financial wellbeing benefits are very important
A third (33%) of respondents believe that financial wellbeing benefits, such as a pension, holiday and bonus pay, are very important when considering where to work, according to research by UK consultancy Barnett Waddingham.Its Why BWell: where’s your head at? report, which surveyed 3,000 full and part-time employees between the ...
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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% ...
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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 ...
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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 ...
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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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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 ...
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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, ...
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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, ...
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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 ...
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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 ...
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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 ...
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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 ...
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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, ...
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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, ...