All articles by Robert Crawford – Page 29
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ArticleEmployers expect 40% of employees to buy an annuity
Employers predict that two-in-five (40%) of their employees will buy an annuity at retirement once the government’s pension reforms giving more flexibility at retirement come into effect next April, according to research by Towers Watson.Its research, which surveyed 92 UK employers, found that a third (33%) of respondents thought that ...
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ArticleCould desk-top microwave damage wellbeing policies?
Something for the weekend…Supporting employees’ health and wellbeing is one objective featuring in many employers’ benefits strategies. But could employers’ focus on staff nutrition and provision of healthy food options in workplace canteens be derailed by the latest gadget heading towards employees’ desks?A new desk microwave, which looks suspiciously like ...
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ArticleTop 10 most read stories this week
The top 10 most read articles on employeebenefits.co.uk from 21-28 August.1. Long-service award for 101-year-old employee? 2. What employers need to know about calculating holiday pay 3. BAE Systems redesigns pension website 4. Asda to share insight into recognition plan at Employee Benefits Live 5. Summer School: How to review ...
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Article20% never receive a thank you from their employers
One in five (20%) employee respondents say they never receive any form of thank you from their employer, according to research by One4all Rewards.Its Power of thank you report, which surveyed 1,000 employees, found that three quarters (75%) of respondents feel that they do not receive sufficient gratitude from their ...
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ArticleManufacturing employees see 2.6% pay rise
Pay rises in the manufacturing industry are rising faster than any other industry sector, according to research by engineering and manufacturing employers’ association EEF.Its survey, which covered 331 organisations and 68,000 employees, found that pay rose by 2.6% in the six months from February to July, an increase from 2.4% ...
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Case StudiesLSL Property overhauled benefits with flex
LSL Property Services launched an online flexible benefits scheme for its 5,000-strong workforce after identifying a need to overhaul its benefits package. The property group, which owns estate agency brands Reeds Rains and Your Move, launched the programme after staff focus groups highlighted the need to offer more choice.Nearly two-thirds ...
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AnalysisWhat is the real take-up of flexible benefits?
If you read nothing else, read this…Take-up of benefits offered via flexible benefits schemes can vary between industry sectors.Take-up could be limited by the perceived relevance of a benefit to an employee.Providing core levels of cover for some benefits and enabling staff to flex up or down to a certain ...
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ArticlePhoenix Group agrees DB pension longevity swap
Phoenix Group has entered into a longevity swap for its defined benefit pension scheme.The longevity swap of the PGL Pension Scheme, which covers 12,000 members and has a liability of around £900 million, is aimed at hedging against the risk of rising costs as a result of the current pensioners ...
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ArticleLong-service award for 101-year-old employee?
Something for the weekend…If ever an employee deserved a long service award, then surely it is a 101 year-old man who has worked for the same organisation for an astonishing 73 years. Herman Goldman’s employer, US-based light fixtures firm Capitol Lighting, may want to consider a number of possibilities to ...
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ArticleTop 10 most read stories this week
The top 10 most read articles on employeebenefits.co.uk from 14-21 August.1. How to provide financial education so that staff maximise their options 2. How to implement car salary sacrifice for your business 3. Kuoni boosts staff wellbeing with nutrition challenge 4. Building a proactive workplace health strategy 5. Ocado launches ...
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ArticlePageGroup launches voluntary benefits
EXCLUSIVE: PageGroup has launched a voluntary benefits scheme for its 1,200 UK employees. Since the global recruitment organisation launched the scheme, provided by Reward Gateway, in July, more than 50% of employees have taken up the scheme.The benefits available via the online portal include access to more than 1,200 retail ...
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Article
Ladbrokes to close DB pension scheme
Ladbrokes has begun a consultation to close its defined benefit (DB) pension scheme to future accrual.Its final salary scheme closed to new members in 2007.The betting organisation is anticipating contributions of £9.2 million this year to help reduce its deficit.The cost of running the scheme stands at £62,500 a month.In ...
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ArticleLehman Brothers staff to receive £184m pension settlement
Nearly 2,500 Lehman Brother employees will receive their defined benefit pensions in full after these were safeguarded following the settlement of a six-year investigation and legal proceedings.Five organisations in the collapsed bank will now have to pay £184 million to cover staff pension benefits as a result of action taken ...
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ArticleFemale managers earn 35% less than men
The gender pay gap between male and female mangers of all ages is £9,069 a year, according to research by the Chartered Management Institute (CMI).Its annual National management salary survey, which has been published in conjunction with salary specialists XpertHR and draws on data covering 68,000 UK employees, found that ...
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ArticleEmployee benefits trusts closed to tax avoidance
A tribunal has closed a tax avoidance scheme which routed the profits of a tax advisory business through employee benefits trusts (EBTs). HM Revenue and Customs (HMRC) challenged tax deductions of almost £9 million which tax advisor John Dryburgh’s organisations, Scotts Atlantic Management and Scotts Film Management paid into EBTs.Employee ...
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ArticleFTSE 100 execs paid 131 times more than staff
FTSE 100 executives are paid an average 131 times more than their employees, according to research by the High Pay Centre.The research, which compared FTSE 100 executive pay recorded by organisations in their annual reports, found that there has been a rise in executive pay levels compared to those of ...
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ArticleKuoni boosts staff wellbeing with nutrition challenge
Employees at travel firm Kuoni have completed a three-month nutrition challenge designed to improve their wellness.Some 40 employees took part in the initiative, which was designed and provided by SuperWellness.During the three-month period, employees competed for prizes and could attend a series of presentations on nutrition-based topics, such as boosting ...
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ArticleStaff data could boost wellbeing and motivation by 2020
Data monitoring and profiling using employees’ personal data could help employers to improve staff wellbeing and boost motivation levels, according to reseatch by PricewaterhouseCoopers (PWC).Its The future of work: A journey to 2022 report, which surveyed 10,000 employees and 500 HR professionals globally, found that nearly a third of respondents ...
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ArticleAsons launches benefits to boost staff motivation
Asons Solicitors has launched a range of initiatives to help boost the motivation and satisfaction of its 306 staff. The Greater Manchester-based law firm has launched a social committee, a corporate gym membership and a referral scheme.It has also introduced a gift and incentives scheme, where employees are rewarded with ...
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ArticleOffside rule easier to explain than pensions
Something for the weekend… On the eve of the start of the new Premier League season, employees are more likely to be engaged in dream-team sweepstakes than their workplace pension scheme.But it turns out that football’s infamous offside rule may be easier to explain than communicating and explaining a pension ...