research – Page 54
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Thomsons Online Benefits research: Employers are keen to offer flexible benefits to staff
The majority of employers (90%) are looking to offer flexible benefits to employees, according to research from Thomsons Online Benefits.The eighth annual Employee Rewards Watch report was conducted among more than 400 UK organisations.†It also found that 90% of respondents believe employee engagement is one of the key benefits of ...
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CIPP research: Use of electronic payslips on the rise
Electronic payslips were the most popular method of payslip presentation in 2010, according to a survey from the Chartered Institute of Payroll Professionals (CIPP).The CIPP Member Payslips 2011 survey, which polled 266 employers, found there has been over a 10% rise from 2009 in the use of electronic payslips to ...
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PWC research: Quarter of FTSE 350 firms plan to freeze executive pay
Almost a quarter (23%) of FTSE 350 firms are planning to freeze executive pay this year, according to new research from PricewaterhouseCoopers (PWC).The survey, compiled from interviews with FTSE 350 reward professionals, found that salary increases, where given, are expected to be around 3%, higher than last year (2.8%) but ...
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Hay Group research: Salaries to increase by 2.5% in 2011
Salaries will increase on average by 2.5% in 2011, driven primarily by cautious private sector recovery, according to the Hay Group’s PayNet UK Salary Tracker.This optimism also assumes that UK economic performance continues to improve and does not enter a "double dip" as some commentators have suggested could be the ...
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Budget 2011: Merging of income tax and NI could spell the end of salary sacrifice
Steps taken by the government to merge income tax and national insurance contributions (NICs) could spell the end for salary sacrifice arrangements.Following yesterday's Budget when Chancellor George Osborne confirmed the government's intention to create one overall tax, concerns have been raised that if national insurance (NI) does not exist the ...
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Budget 2011: 50% tax rate for higher earners is only temporary
Chancellor George Osborne has said that the 50% tax rate for high earners will stay put for the moment, but it will be temporary.The tax, introduced by the former Labour government in April 2010, means those that earn more than £150,000 a year pay 50p tax on every pound they ...
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Budget 2011: Abolished tax reliefs to include life assurance premiums
The government intends to abolish the tax relief on life assurance premiums and life assurance premiums paid by employers under employer-financed retirement benefit schemes after 2012 in future finance bills or other legislative vehicles, with a final date set out after consultations.Based on the recommendations of the Office of Tax ...
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Budget 2011: Government to consult on merging income tax and NI
The Chancellor George Osborne has announced the government will consult this year on options for integrating the operation of income tax and national insurance (NI) contributions.The consultation will cover the options, stages and timing of reforms for a merger, which the government believes can remove distortions, reduce burdens on businesses ...
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PMI/Towers Watson research: Pension scheme members want information in one place
The majority (84%) of pensions scheme managers agree that members want to be able to see all their pensions in one place to be able to realistically assess their total retirement income.The same proportion (84%) agree pensions schemes should do more to promote pensions websites.The findings are from the joint ...
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NAPF research: West Midlands least confident about retirement savings
More than half (62%) of employees in the West Midland are not confident they will have enough money in their retirement compared to 55% across the UK, according to a survey from YouGov and the National Association of Pension Funds (NAPF).The survey also found only 44% in the West Midlands ...
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IFF research: 47% in public sector think they are worse off than private sector
When it comes to perceptions of pay and financial reward, 47% of public sector workers think they are worse off than private sector staff, but 35% of private sector staff think the public sector is ahead on remuneration.This is according to the Attitudes to Work study conducted by IFF Research, ...
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Towers Watson research: Quarter of FTSE 100 firms offer only DC pensions
Defined contribution (DC) pension plans are the predominant form of pension scheme among FTSE100 employers.According to the Towers Watson FTSE 100 Defined Contribution Pension Scheme Survey, a quarter (25%) noly offer DC schemes to all employees, an increase from 15% last year.Around 90% of these employers offer a DC scheme ...
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Giant Group research: Healthcare contractors expect pay rise this year
The majority (70%) of healthcare contractors expect to see their pay rise in 2011, up from 65% last year.According to research by contractor services provider Giant Group, contractors are not likely to be affected by the public sector pay freeze that will hit other public sector healthcare professionals.Matthew Brown, managing ...
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Alexander Forbes research: DC pension members are not saving enough
Employees in the private sector who are saving into a defined contribution (DC) pension scheme need to pay in much more to avoid poverty in retirement, according to research conducted by Alexander Forbes.The Alexander Forbes National Pension Index showed that in Britain the average employee in such schemes has lost ...
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Demos research: Squeezed middle most at risk from financial loss when sick
The squeezed middle, those earning between £16,000 and £50,000 per annum, are most at risk to suffer financially if they are unable to work due to sickness or disability, according to a new report from think-tank Demos.The Of Mutual Benefit report stated that as this group of workers would not ...
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Shilling research: Employees do not regularly monitor pensions funds
Seven out of 10 employees (70%) do not monitor or make changes to their defined contribution (DC) pension fund on a regular basis, according to new research from Shilling Communications.The Shilling Communications: Pension Snapshot, carried out by YouGov, found that of the employees that do not monitor their pension, almost ...
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NAPF research: Record numbers of final salary plans closed to existing members
A record number of final salary schemes have closed to future contributions from existing members, according to the National Association of Pension Funds (NAPF).The NAPF's Annual Survey showed that one in five (17%) schemes have shut their final salary pension to both new and existing members, representing a rise of ...
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Close Asset Management research: Staff unaware of pension tax change
Most employees are unaware of next month’s changes to pensions tax relief, according to research by Close Asset Management.†Of the 2,000 employees who responded to the Close Asset Management Pensions Tax Relief Survey, 77% said they did not know the annual tax-free allowance for pension contributions would be reduced from ...
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Buck Consultants research: Health incentives are popular
Incentive rewards for taking part in health and wellness schemes are increasing in popularity among UK employers, according to research by Buck Consultants.Working Well: A Global Survey of Health Promotion and Workplace Wellness Strategies found health risk appraisals are the most common benefit for which incentives are offered, as cited ...
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Employee Benefits/Towers Watson Flexible Benefits Research 2011: Alternatives to flex
A quarter of employers do not think they have enough benefits to bring in flex, and standalone tax-efficient perks via salary sacrifice are popular, says Nicola SullivanOne-fifth (20%) of employers that have not yet considered implementing flexible benefits say they will do so in the future. This has changed little ...