Research news 1 – Page 15
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ALD Automotive research: Average CO2 emissions down in company cars
The average carbon dioxide emissions of new company cars have dropped to an all-time low of 138.1g per km, according to research by ALD Automotive.That figure compares with an average figure of 142.6g per km in 2010 and 166.8g per km in 2003.The research also found that environmentally friendly cars ...
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GE Capital research: Company cars grow in importance
The importance of company cars as a business tool has increased among employers in the past two years, according to the quarterly Company Car Trends research by GE Capital, Fleet Services.For essential car users, the perceived importance of the company car is now rated on aggregate almost nine out of ...
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MIB Data Solutions research: SMEs stick to outright purchase of company cars
Outright purchase remains the preferred form of company car acquisition among small- and medium-sized employers.According to a survey of 1,317 fleet managers by MIB Data Solutions, the vast majority (1,163) preferred to buy company cars outright, while 685 use some form of leasing and 259 do both.Nick Boddington, managing director ...
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Wealth at Work research: Employers to offer support during retirement changes
The majority (85%) of employers will provide some sort of employer-sponsored support using a combination of communications, financial education and/or advice for staff in response to forthcoming legislative changes, according to the Rethink retirement survey 2011 by Wealth at Work.The removal of the default retirement age (DRA), which will be ...
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Employee Benefits/Worplace Savings Research 2011: Investment
Employers are grasping the importance of adequate default funds and ensuring employees understand their investment choices, says Debbie Lovewell†More than three-quarters of respondents that offer a defined contribution (DC) pension scheme include at least one default investment fund for staff who do not choose to make active investment decisions. Some ...
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Employee Benefits Workplace Savings and Pensions Research 2011: Contributions
Many employers are already contributing more to their pension schemes than will be required under the Pensions Act 2008, says Debbie Lovewell†When the Pensions Act 2008 begins to come into effect next year, employers will be required to auto-enrol all eligible employees into either a qualifying workplace pension scheme or ...
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Employee Benefits Workplace Savings Research 2011: Attitudes
Most employers are getting serious about ensuring their employees' long-term financial wellbeing, but some feel they should be doing more, says Debbie LovewellDespite sensationalised press coverage to the contrary, employers appear to take their responsibility for employees' long-term financial wellbeing seriously. Nine years ago, 51% of respondents said they felt ...
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Employee Benefits Workplace Savings and Pensions Research 2011: Schemes on offer
As the move from DB to DC pension schemes continues, employers are helping staff take a more holistic approach to workplace savings, says Debbie Lovewell†Just 4% of respondents now only operate a DB arrangement, while 71% only offer DC and 25% offer both types of scheme. More than half (54%) ...
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Employee Benefits Workplace Savings and Pensions Research 2011: Legislation
Employers are focusing on the effects of next year’s pension reforms, including how to mitigate any increased costs from compliance, says Debbie LovewellWith the Pensions Act 2008 due to begin taking effect next year, employers must increasingly consider the impact it will have on their pension schemes and plan how ...
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Employee Benefits Workplace Savings and Pensions Research 2011: Key Findings
Our survey, which was carried out in June 2011 among readers of Employee Benefits magazine and users of www.employeebenefits.co.uk, received 261 responses†KEY FINDINGS 74% say complying with the 2012 pension reforms will increase costs. 38% intend to review future pay increases to help fund compulsory employer contributions, while 30% will ...
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Employee Benefits Workplace Savings and Pensions Research 2011
Key findingsLegislationSchemes on offerAttitudesContributionsInvestment†Editor’s commentThere is now just over a year to go until the Pensions Act 2008 comes into effect for the first tranche of employers.Planning for the reforms and considering the impact compliance is likely to have on their pensions provision and overall costs will be an increasing ...
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Friends Life research: No shattering of glass ceiling before 2020
The glass ceiling preventing women from climbing to the upper rungs of the corporate ladder will still be firmly in place at the end of this decade, according to a new report from Friends Life.The report, entitled Working Women and part of Friends Life’s Vision of Britain 2020 series, reveals ...
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Barnett Waddingham research: Employers face defined benefit risks
Twenty-nine organisations in the FTSE 350 have deficit contributions that exceed free cashflow, according to new research by Barnett Waddingham.The research highlights the impact defined benefit (DB) - or final salary - pension schemes are having on UK businesses.In addition, for more than 70 organisations the annual DB deficit contributions ...
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World at Work and Hay Group research: Career development is top reward fairness concern
Career development opportunity is the top concern in reward fairness, according to new research by World at Work, Hay Group and Professor Dow Scott from Loyola University Chicago.The Reward fairness: slippery slope or manageable terrain? report identified the criteria that have the biggest impact on employee perceptions of reward fairness.After ...
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Creative Benefits research: Auto-enrolment could see employers throw away £2.1 billion a year
British employers could be wasting as much as £2.1 billion a year from 2012 when auto-enrolment is introduced, according to research conducted by Creative Benefits.The employee benefits consultancy has estimated that 20% of private sector employees, more than four million people, will not benefit from pensions savings or should opt ...
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Punter Southall research: One in five employees ‘want to opt out of pensions’
One in five respondents have seen employees wishing to opt out of pension schemes as a result of this year’s new tax regime, according to research by actuarial firm Punter Southall.And more than 40% thought that senior management would be less engaged in schemes over the longer term as a ...
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Nest Corporation research: Financial crisis changed saving behaviours of DC pension scheme members
The financial crisis significantly changed the saving behaviour of defined contribution (DC) pension scheme investors, according to research commissioned by the National Employment Savings Trust (Nest).The Reactions to volatility and loss research, conducted by DCisions, consisted of analysis of two groups of savers: a target or proxy group whose personal ...
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PMI Health Group research: Employers unaware of legal obligations to staff using display screen equipment
Nearly a third of organisations are unaware of their legal obligations to staff using display screen equipment (DSE).The research, commissioned by PMI Health Group, found that 28% of employers did not know they were responsible for looking after the health of their staff that use DSE.Over half (53%) of respondents ...
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PricewaterhouseCoopers research: Employees admit to pulling sickies
Some 83% of UK employees admit to lying about illness in order to take time off work, according to research by PricewaterhouseCoopers (PWC).Its poll of 1,190 people found that four in ten fake symptoms in the office in preparation for a day off, while 61% skive off because they are ...
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MetLife Assurance research: Longevity risk important to defined benefit pension schemes
Employees living longer could have a detrimental effect on pension scheme liabilities, according to new research by MetLife Assurance.Longevity risk was selected as 'important' by 38% of respondents to the UK Pension Risk Behaviour Index, up from 28% in 2010.According to trustees, longevity risk was the fourth most important risk ...