All Research news articles – Page 40
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Aon Hewitt research: DC pension pots shrink
The projected retirement income for members of defined contribution (DC) schemes has fallen in the past year, according to the Aon Hewitt DC Index.The index found that the projected annual retirement income for 60 year olds has fallen by £751 from £11,216 to £10,465.A 65 year old’s projected retirement pot ...
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Prudential research: Two-thirds of workers will postpone retirement
Nearly two thirds (62%) of those who had planned to retire in 2011 would consider postponing their pension and continuing to work in order to boost their retirement income, according to Prudential’s Class of 2011 research.This figure has increased since last year when 57% of those questioned said they would ...
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Mercer research: Cost of providing health benefits increases
The cost of providing healthcare and health-related benefits to employees in Europe rose by 3.3% in 2010, a sharper increase in many economies than was seen in salaries and general inflation.According to Mercer's 2010 pan-European survey on employer health benefits, which received responses from 556 employers, companies in the UK ...
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Shilling research: Majority of staff distrust financial institutions
Just one in 20 employees (5%) believe that financial institutions, including pensions companies, are always honest.According to Shilling Communication: Pension Snapshot, which was carried out by YouGov on behalf of Shilling Communication, levels of cynicism were lowest among young workers. For example, of those aged between 18 and 29, 16% ...
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Eversheds research: Employers uncertain over removal of the default retirement age
One in seven employers may retire employees over 65 while they still can under the current regime, according to research from Eversheds.The research, conducted among 330 employers, found that nearly two thirds (63%) of respondents intend to abandon mandatory retirement after 1 October this year, while only 1% (three respondents) ...
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CIPD/KPMG research: Pay increase expectations have fallen
Basic pay increase expectations by employers have fallen to 1.3% from 1.5% during the past three months, according to this quarter’s Labour Market Outlook from the†Chartered Institute of Personnel and Development (CIPD) and KPMG.The survey, which polled 750 employers, also found that average pay settlements in the public sector are ...
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Towers Watson research: Value of enhanced annuity sales rises
The value of enhanced annuity sales in the UK rose to £2.47 billion last year, an increase of 38% on 2009, according to research by† Towers Watson.Sales of enhanced annuities in the second half of 2010 were £1.21 billion, down 4% on the first half of the year.According to the ...
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Cycle to Work Alliance research: Bikes-for-work schemes improve employee engagement
The majority (89%) of employers believe bikes for work is an important tool for improving employee engagement and 98% of employees said they would encourage their colleagues to take part in the scheme.The Cycle to Work Alliance’s Behavioural Impact Analysis, which had over 44,500 respondents, examined the benefits of the ...
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SEI research: Meeting funding goals is top pensions priority in 2011
Formulating a plan for meeting funding goals (75%) and making a scheme design change (73%) are the top two priorities this year for executives overseeing pension schemes for their organisation.According to a poll by SEI on the Top Pension Priorities for Pension Scheme Sponsors in 2011, a further 70% said ...
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Clear Path Analysis research: Interest in bulk annuity transactions growing
UK pension schemes have seen a growth in willingness to enter into a bulk annuity type transaction, according to research from Clear Path Analysis.The research for Clear Path Analysis’ upcoming annual report, Pensions de-risking: longevity hedging and buying out, found that 31% of UK based pension schemes claim preparing for ...
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Canada Life research: Staff unaware of financial support when sick
Employees are unaware of the level of financial support they may be entitled to if they were unable to work due to sickness, according to research by Canada Life Group.The research found that one in five (19%) employees did not know how long their employer would continue to pay their ...
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Hay Group research: No link between pay equality and performance
There is no consistent correlation between pay equality and company performance, according to new research from Hay Group.Getting the balance right: the ratio of CEO to average employee pay and what it means for company performance looked at nine different sectors including energy, technology, financial, communications, utilities and consumer.The research ...
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PWC research: Asset management compensation rises
Compensation in asset management firms has risen as fund performance shows signs of improvement, according to research from PricewaterhouseCoopers (PWC).PwC’s annual asset management report found compensation costs as a percentage of net revenues have increased by over 4% over the last financial year.Annual bonus spend as a percentage of pre-bonus ...
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Workplace Giving UK research: Payroll giving should be opt out rather than opt in
Approximately two-thirds (68%) of employees would prefer payroll giving to be an opt-out rather than an opt-in benefit.According to a poll of more than 1,000 employees by Workplace Giving UK, a further 64% said they would want to have a say in which charity the deducted monies went to.Peter O’Hara, ...
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Employee Benefits/Cigna Workplace Absence Research 2011
Download a PDF of the Employee Benefits/Cigna Workplace Absence Research 2011.How employers manage workplace absence strategiesNearly all respondents (98%) record absence in their organisations, and the most popular ways of doing so are through an online HR or payroll self-service system - as used by 35% of respondents. A further ...
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Hay Group research: Pay increases will be higher in 2011
Private sector pay increases in 2011 will be higher than in 2010, at a median 2.5%, while public sector employees will see a rise of only 0.4%, according to Hay Group’s Reward in 2011 report.The majority (82%) of private sector organisations indicated they would increase salaries in 2011. Less than ...
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Grant Thornton staff chose Cancer Research UK as official charity
Grant Thornton staff have chosen Cancer Research UK as the firm’s official charity. The charity was voted in as the chosen beneficiary until summer 2012, with staff pledging to raise £125,000 during the period.Offices across the UK were filled with employees supporting the charity by wearing red and donating to ...
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Morgan McKinley research: Half of Irish employers expect to pay bonuses
Half of the respondents (50.5%) of the Morgan McKinley Irish Employment Monitor expect to pay bonuses at the end of 2010.Those anticipating bonuses expect them to be quite modest, with 45% of managers expecting them to fall in the range of 1- 5% of base salaries, while 38% of respondents ...
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NAPF research: Employers should be able to choose inflation measure
Almost half (48%) of NAPF members which run a defined benefit (DB) pension scheme would use a new legal power to switch from inflation indexation from the retail prices index (RPI) to consumer prices index (CPI).A further 21% said they would not and 31% said they did not know, according ...
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The Work Foundation research: Align employees' priorities with benefits
A deeper understanding of individual employee's priorities and needs may afford employers a degree of scope to change formal employee benefits arrangements as long as these do not alter the core component of the employment deal.Understanding the Deal, the fourth report in the Future of HR series by The Work ...