News – Page 4
-
ArticleMedian pay award for three months to June rose to 4.6%
The median pay award across the economy rose slightly from 4.5% to 4.6% for the three months to June 2024, according to Incomes Data Research (IDR).Its latest analysis, based on a sample of 227 pay awards between 1 April and 30 June covering more than 1.9 million employees, also found ...
-
ArticleThe top 10 most read articles between 26 July - 1 August 2024
The top 10 most read articles between 26 July - 1 August 2024 on employeebenefits.co.uk were: National living wage to increase in line with median earningsCentral Co-op introduces new financial wellbeing benefitJunior doctors agree 22% pay dealCourt of Appeal upholds High Court ruling on Virgin Media pension schemeReeves confirms public ...
-
ArticleCentral Co-op introduces new financial wellbeing benefit
Central Co-op has launched a new financial wellbeing benefit that allows its 7,500 employees to access their earnings between paydays and offers financial guidance.The retail co-operative society has partnered with MHR to launch iTrent Financial Wellbeing benefit, powered by Wagestream, as part of its wider ‘We’ve Got You’ wellbeing campaign.The ...
-
ArticleCNH factory workers in Basildon accept two-year pay deal
More than 500 production factory workers employed by agricultural machinery firm CNH have accepted a two-year pay deal, ending a long-running dispute.The workers, who are based at the firm’s Basildon, Essex factory, are members of trade union Unite. As a result of the deal, they will receive a weekly pay ...
-
ArticleManchester Metrolink tram employees accept pay deal
Credit: Zhao Zheming / Shutterstock.comHundreds of employees working for Manchester’s Metrolink tram system have accepted an improved pay deal from their employer.The tram system is operated by Transport for Manchester, with its workers belonging to trade union Unite.Customer service representative employees at the bottom of the pay scale will receive ...
-
ArticleITV agrees deal for Box Clever pension scheme members to receive benefits
Members of the Box Clever pension scheme will receive their pension benefits in full following an in-principle deal between The Pensions Regulator (TPR) and ITV.The TV rental businesses of Granada, now ITV, and Thorn, now Carmelite, together formed Box Clever as a joint venture in 2000. Employees were then transferred ...
-
Article79% of working parents would be impacted financially by time off to care for ill child
Almost four-fifths (79%) of working parents have, or would be, impacted financially in some way if they took time off work to care for their ill child, according to research by MetLife UK.Its survey of 3,003 working parents, with a child or children aged 22 and under also found that ...
-
ArticleThe top 10 most read articles between 19 - 25 July 2024
The top 10 most read articles between 19 - 25 July 2024 on employeebenefits.co.uk were: HMRC to clamp down on misapplied childcare schemeGovernment launches pensions review to boost investment and outcomesSoftcat and Hilton named some of UK’s Best Workplaces for WomenVodafone, Linklaters and HSBC named top employers for equalityNewcastle Building ...
-
ArticleBabcock Marine naval base employees accept 7.5% pay rise
A total of 600 workers employed by Babcock Marine have accepted a 7.5% basic pay rise backdated to August last year.The employees, who undertake specialist services for the UK’s nuclear deterrent submarines at the Coulport and Faslane naval bases on the Clyde in Scotland, are members of trade union Unite.The ...
-
Article20% of staff aged 40-60 say worries about retirement finances affect ability to work
A fifth (20%) of UK employees aged 40-60 said worrying about their future retirement finances is affecting their ability to work, according to research by Hymans Robertson Personal Wealth.The financial wellbeing and financial planning organisation's survey of 2,010 full-time and part-time working employees aged 40-60 across the UK also found ...
-
ArticleNewcastle Building Society accredited as living pension employer
Newcastle Building Society has received living pension employer accreditation from the Living Wage Foundation.The society’s commitment will see its new employees, who join the organisation after 1 April 2024, receive a higher default level of pension than current auto-enrolment contributions, with workers paying 5% and employers paying 7%. Through auto-enrolment, ...
-
ArticleKnauf UK and Ireland implements financial education support
Building materials manufacturer Knauf UK and Ireland has introduced financial education support for its 480 employees to develop their financial skills and knowledge.Knauf employees will be now be able to access interactive and impartial financial education and articles by finance experts, through a platform provided by financial education firm Nudge ...
-
ArticleCushon rebrands to Natwest Cushon
Credit: William Barton / Shutterstock.comPension and savings fintech Cushon has rebranded to Natwest Cushon a year after its acquisition by the banking organisation.Natwest took an 85% stake in the business and has invested in the development of its technology and products over the past 12 months. It will adopt Natwest’s ...
-
ArticleGovernment launches pensions review to boost investment and outcomes
Rachel Reeves, chancellor of the exchequer, has announced a pensions review as part of the government’s aim to boost growth and productive investment into the UK economy. The chancellor’s plans include looking at how broader investment strategies could potentially deliver higher pensions returns and how to unlock ...
-
ArticleWatch Employee Benefits’ Future proofing employees’ financial wellbeing webinar
Employee Benefits’ webinar, Future proofing employees’ financial wellbeing, is now available to watch for free on demand.The webinar, sponsored by Aviva, was broadcast live at 11am on Tuesday 16 July.Debbie Lovewell-Tuck, editor of Employee Benefits, was joined by three expert panellists for the in-depth conversation: Laura Stewart-Smith, head of client ...
-
ArticleThe top 10 most read articles between 12 - 18 July 2024
The top 10 most read articles between 12 - 18 July 2024 on employeebenefits.co.uk were: BT Group to roll out new family leave policyKing’s Speech introduces mandatory ethnicity and disability pay reportingEmma Reynolds named pensions ministerKing’s Speech introduces Employment Rights BillUtility Warehouse introduces personalised financial education for employeesGusto Group to ...
-
ArticleKing's Speech introduces Employment Rights Bill
Credit: Muhammad Aamir Sumsum / Shutterstock.comThe new Labour government is to introduce an Employment Rights Bill within its first 100 days as part of its plan to make work pay.Announced in the King’s Speech on Wednesday 17 July, the plan will create a new partnership between business, trade unions and ...
-
ArticleStagecoach Merseyside and Cambus drivers and engineers accept pay offers
Bus drivers and engineers at Stagecoach Merseyside and Cambus in the east of England have accepted improved pay offers. Stagecoach Merseyside workers, who are members of trade union Unite, secured a pay rise worth 6.4%. Drivers will now receive £16.60 per hour, rising to £17.30 per hour ...
-
ArticleUtility Warehouse introduces personalised financial education for employees
Multiservice provider Utility Warehouse has introduced new personalised financial education for its 2,500 UK employees to support them in this area.Through a partnership with financial education provider Nudge Global, Utility Warehouse’s employees will have access to a feed of bite-sized interactive and impartial financial education and articles researched, curated, designed ...
-
Article49% of UK organisations’ 2024 salary budgets were lower than the previous year
Half (49%) of UK organisations reported that their 2024 salary budgets were lower than the previous year, according to global advisory, broking and solutions firm Willis Towers Watson (WTW).Its Salary budget planning report was compiled by its Rewards Data Intelligence practice. Approximately 32,000 responses were received from employers across 168 ...