All Research news articles – Page 41
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Article
PensionsFirst research: DB deficits set to increase
Defined benefit (DB) pension deficits of the top 100 UK companies are set to increase by more than £25 billion within one month.According to PensionsFirst's PF Risk Report, over a year this could result in an increase of around £100 billion in the total deficit, bringing the current deficit of ...
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Robertson Cooper research: Personal resilience is key to wellbeing
Personal resilience is key to wellbeing according to research from business psychology firm Robertson Cooper.The i-resilience online survey of the working population found that the majority of respondents (81%) are confident that they can recover well when things go wrong, however only less than half (48%) believe they flourish when ...
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Article
Friends Provident research: Employees expect to work longer
Employees expect to work beyond the new default retirement age of 66 with 40% planning to work past the age of 70 according to research conducted by Friends Provident.Out of the 1,200 people that look part in the report Visions of Britain 2020: Ageing and retirement, 32% do not have ...
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Article
Aon Hewitt research: Final salary pension scheme deficit is closing up
The pensions deficit of the 200 largest privately-sponsored final salary schemes has reached its smallest level since September 2009, according to research from Aon Hewitt.The deficit stood at £69 billion at the end of October, compared to the £80 billion deficit recorded on 30 September 2010.According to the research, the ...
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Article
Axa research: UK staff among highest retirement savers in Europe
UK employees are among the highest retirement savers in Europe, according to Axa’s bi-annual Retirement Scope survey.They rank just ahead of neighbours in Germany (48%), Italy (47%) and Spain (41%), although many respondents will experience a substantial drop in income at retirement due to lower levels of state benefit in ...
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Article
Origen research: SMEs warned on auto-enrolment
More small and medium enterprises (SMEs) are offering their employees access to a pension scheme when they join the organisation, according to Origen Financial Service's Employee benefits survey.The research found 56% of SMEs offer staff immediate access to their pension schemes, compared with 45% in 2009. In addition, 80% of ...
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Article
Lex Autolease research: Company car voted top salary sacrifice benefit
More than 20% of employers would opt for a company car above other salary sacrifice benefits, according to a survey from Lex Autolease.Conducted among 130 employees, the survey also found 78% of respondents would take up a salary sacrifice car if they had to replace a privately owned one.A similar ...
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Article
LCP research: A third of employers dissatisfied with group risk offerings
A third (34%) of employers are dissatisfied with their existing benefits arrangements, says the LCP Risk Benefits Survey 2010: Trends in health and welfare benefits.The most common drivers for change include: the desire to extend existing benefits to more employees (26%) and wanting to introduce new benefits (24%).LCP, part of ...
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Article
Aon Hewitt research: UK salaries set to grow by less than inflation
UK salaries increases are expected to rise but will still be below current inflationary levels.The Aon Hewitt 2010/2011 European Salary Increase Survey found that the average UK salary is expected to rise from 2.5% in 2010 to 2.7% in 2011.However, salary increases are still far below the 2007 pre-recession levels ...
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Aviva research: Majority of employees would emigrate to improve health and wellbeing
Over three quarters of employees would consider moving abroad to help improve their health and wellbeing, according to new research from Aviva UK Health.The research found that 40% of UK workers would move abroad to improve their health and wellbeing, and 36% believe other countries offer a healthier environment and ...
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Article
SPC research; Early access to pensions would boost the economy
Around £65 billion could be injected into the economy if employees were granted early access to tax free pensions cash sums from the age of 50, according to a study conducted by The Society of Pension Consultants (SPC).The research also highlighted that a further a £2 billion a year could ...
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Article
Employee Benefits Live 2010: Cancer Research UK tests staff with employee benefits pilot
During a session called ‘Using reward to support recruitment retention and engagement of key staff’ at Employee Benefits Live on 29 September, Jane Vivier, reward and recognition manager at Cancer Research UK shared the details of the charity’s recent employee benefits pilot.The organisation hand-picked 600 employees from across the business ...
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PMI/Standard Life research: Nest is viewed as largely irrelevant
The national employment savings trust (Nest) is viewed as largely irrelevant as most of the larger employers plan to rely on existing arrangements to cope with the 2012 pension reforms.This according to joint research from the Pensions Management Institute (PMI) and Standard Life called DC Pulse, an in-depth study of ...
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PWC research: Half of workers would demand rise if pay is unfair
Almost half (49%) of employees would ask for a pay rise or look for a new job if they found out for certain that colleagues at the same level were paid more.The finding, from a recent poll of 1,148 UK workers commissioned by PricewaterhouseCoopers (PWC), comes as the Equality Act ...
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Analysis
Employee Benefits/Friends Provident Adviser Research 2010
How employers use benefits consultants and corporate advisersAs many as 59% of our respondents use benefits consultants/advisers for some aspect of managing benefits or pensions. Of these, three-quarters use multiple advisers or consultants.As you would expect, larger employers use more advisers/consultants: 27% of those with more than 5,000 staff have ...
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Johnson Fleming research: Most pension salary sacrifice offerings are the default option
Employers which use a salary sacrifice arrangement for employee contributions to their organisation’s pension scheme are saving an average of £367.71 per year per member.The figure is the result of Johnson Fleming’s internal research, the Johnson Fleming Salary Sacrifice Analysis, which polled 8,633 employees. Among respondents, the average employee contribution ...
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Unum research: Well-communicated benefits packages are essential to employee engagement
Well-communicated benefits packages are essential to employee engagement.According to Unum’s Financial protection research, 91% of companies with high levels of engagement (above 80%) communicate details of their benefits via a face-to-face meeting. Printed handouts were preferred for 64% of highly engaged companies.The research also found that an organisation is only ...
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Article
Scottish Widows research: Pensions vital to employee engagement
Research reveals the importance of pensions provision as an employee engagement tool.Scottish Widows’ Workplace Pension Report found that over two fifths (44%) of employees say the quality of the company pensions scheme is important when looking at potential employers.Furthermore, 63% of employees stated that they would be less likely to ...
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DWP research: Only 28% of private sector firms offer a pension
Only 28% of private sector organisations offered some form of pension provision for their employees in 2009, down from 41% in 2007.According to the Department for Work and Pensions (DWP) Employers’ Pension Provision Survey 2009, which it polled 2,519 private sector employers, most of the decline in overall provision was ...
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Article
Mercer research: Majority of organisations reviewing expatriate benefits
Nine out of 10 organisations are planning to review or revise their global expatriate policies, including benefits and allowances, in order to cut costs.According to Mercer’s ‘International Assignments Survey 2010’ which collects data from over 220 multinational firms across all industries, among all regions, benefits (housing, education and home leave) ...