research – Page 46
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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 ...
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EEF & JAM Recruitment research: Manufacturing pay settles to pre-recession levels
Pay in the manufacturing sector has levelled out in the three months to the end of June, according to pay data by manufacturers' organisation EEF and JAM Recruitment.The July 2011 Pay Bulletin found that the average pay settlement for the period was 2.5%, the same as the revised figure for ...
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LCP research: FTSE 100 offer cash payments instead of pension contributions
FTSE 100 companies are adapting to the removal of pensions tax relief for high earners by offering cash payments instead of pension contributions, according to research conducted by Lane Clark and Peacock (LCP).The LCP FTSE 100 Executive Pensions Survey showed that there had been a £42,000 fall in the average ...
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Punter Southall research: Senior management will be less engaged with pensions due to tax changes
More than 40% of senior management staff will be less engaged with their pension schemes as a result of tax changes introduced on 6 April 2011, according to research by pension actuaries Punter Southall.The survey also shows that around 20% of respondents have already had experience of members wishing to ...
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Aviva UK Health research: Long-term absence has major impact on morale
Long-term absence has a major impact on both businesses and staff morale, according to research by Aviva UK Health.The Group Risk Review found that while 69% of employers said that long-term sickness absence is an important issue for their business, just under a quarter of employees (23%) are deterred by ...
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Office of Tax Simplification to review employee share schemes
A review by the Office of Tax Simplification (OTS) will look at employee share schemes.The agreed terms of reference for the review are included in a letter published on 13 July by David Gauke, exchequer secretary for the OTS.The employee share schemes project will initially examine the four tax-advantaged or ...