All Employee Benefits articles in Web Issue – Page 1059
-
Article
13, Communications
When respondents’ organisation last undertook a pensions communication exercise. In the last year: 58%1-3 years: 30%4-5 years: 3%5 or more years: 1%They have never conducted a pensions communication exercise: 9%Sample: All respondents (200)The employees with whom the pensions communication exercise was conducted All staff: 86%All staff in the defined contributions ...
-
Article
14-15 - The future
Financial security is a key concern for employeesJust over two-fifths (41%) of respondents believe uncertainty about how to make the best decisions when accessing pension benefits is an area of concern for their employees. While this continues to top the list of retirement concerns affecting respondents’ workforces, it has fallen ...
-
Article
2 Sponsor's comment
As the automatic-enrolment staging date period draws to a close, employers that made decisions about their pension scheme up to four years ago are coming into a review period. This review is an opportunity to look closely at pension schemes and to decide if previous choices are still offering value ...
-
Article
3 Key findings
The survey, which was carried out in September 2017 among readers of employeebenefits.co.uk, received 254 responses. Due to rounding, percentages may not add up to 100.Number of UK-based employees in respondents’ organisationsSample: All respondents (254)1-49 6%10-49 18%50-249 21%250-499 11%500-999 9%1,000-4,999 19%5,000-9,999 5%10,000-19,999 5%20,000 or more 8%Organisation typeSample: All respondents (247)Privately-owned ...
-
Article39% believe it's too early to predict Brexit's impact on pensions
Over one-third (39%) of respondents feel that it's too early to assess what impact Brexit will have on pensions, according to research by Employee Benefits and Nest.While just under one-third (32%) believe that the outcome of the June 2016 referendum on the UK’s membership of the European Union (EU) will ...
-
ArticleEXCLUSIVE: 43% of respondents believe employees have pension financial worries
More than two-fifths (43%) of respondents say their employees are concerned that they will experience a shortfall of money in retirement, according to research by Employee Benefits and Nest.The Employee Benefits/Nest research, which surveyed 254 employers in September 2017, reported that employees are concerned they do not have all the ...
-
ArticleEXCLUSIVE: 43% worried about financial stability in retirement
Cropped shot of a diverse group of unidentifiable people holding hands in a circleFinancial security is a key issue for employees with just under one half (43%) concerned they will not have enough money in retirement, according to research by Employee Benefits and Nest.The uncertainty over financial stability at retirement ...
-
Article
5 - Scheme type
Group personal pension (GPP) plans remain the most commonly offered type of scheme among respondents. Almost half (45%) of respondents to the Employee Benefits/Nest Pensions research 2017 offer a GPP as their organisation's primary scheme. Although the numbers have fluctuated over the years, GPPs have consistently topped the list of ...
-
ArticleEXCLUSIVE: 58% have conducted a pensions communication exercise
Just over half (58%) of respondents have carried out a pensions communication exercise within the last year, according to research by Employee Benefits and Nest.Employee Benefits/Nest Pension Research 2017, which surveyed 254 employees, found that Pension communications are high on the agenda for many employers, however, pension communication exercises were ...
-
ArticleEXCLUSIVE: 66% believe supporting staff at retirement is a valuable proposition
Employers want to help staff make informed decisions and two-thirds (66%) believe one of the key advantages to supporting staff at retirement is a valuable part of its employee valuable proposition, according to research by Employee Benefits and Nest.The Employee Benefits/Nest research, which surveyed 254 employer respondents in September 2017, ...
-
OpinionSam Kirk: What impact do employee benefits have on engagement at TalkTalk?
I will be honest, I often wrestle with the term 'employee engagement' and wonder whether it has just become a buzz phrase we use in HR in order to encourage our stakeholders to focus on what we should be doing anyway.As HR practitioners, we are all familiar with the concept ...
-
AnalysisHow to gauge a return on investment on employee engagement initiatives
Need to know:Measuring the return on investment (ROI) on employee engagement initiatives needs to be about much more than carrying out an occasional staff satisfaction survey.Employee key performance indicators (KPIs), staff turnover, absence statistics, exit interviews, customer feedback, evidence of collaboration and employee participation can all be valuable measures to ...
-
Case StudiesPurley Park Trust takes action based on employee engagement scores
Charity Purley Park Trust, which employs 150 staff and provides care services to people with learning difficulties via eight care homes and a domiciliary agency, has moved away from using a staff satisfaction survey to monitor and measure employee engagement.Larry Grady, chief executive, says: “They take forever to put together, ...
-
ArticleEXCLUSIVE: Deloitte to discuss gender pay gap reporting at Employee Benefits Live 2017
EXCLUSIVE: Emma Codd (pictured), managing partner for talent at professional services organisation Deloitte, will discuss recommendations and practicalities around gender pay gap reporting at Employee Benefits Live 2017.The session, titled ‘Gender pay gap reporting: getting it right’, will form part of the HR strategy conference stream on Tuesday 10 October.During ...
-
ArticleAllen and Overy increases pay by up to 4.7% for trainee and newly qualified lawyers
International law firm Allen and Overy has increased pay for its trainee and newly qualified lawyers by up to 4.7%.First year trainees will see their salaries increase from £42,000 a year to £44,000, and annual pay for second year trainees will rise to £49,000 from £47,000. Newly qualified lawyers will ...
-
ArticleEXCLUSIVE: Employee Benefits Live 2017 launches Consulting Clinic
EXCLUSIVE: HR, reward and benefits professionals attending Employee Benefits Live 2017 will be able to attend free one-to-one consultancy sessions with leading employee benefits providers in a new Consulting Clinic.The Consulting Clinic, launching at Employee Benefits Live this year, will allow delegates to book on-the-day slots with employee benefits providers ...
-
Article19% of 66 to 71 year-olds working full or part-time to supplement pension
More than one in five (19%) of respondents between the ages of 66 and 71 are still working full or part-time to supplement their retirement incomes, according to research by Dunstan Thomas.Its survey of 1,002 UK adults aged 54-71 also found that over half (56%) are currently working, or are ...
-
Article47% of defined benefit pension transfers since 2015 were suitable
Less than half (47%) of 88 recommended defined benefit (DB) pension scheme transfers advised upon since October 2015 were suitable, according to a review by the Financial Conduct Authority (FCA).The review, which has been conducted over the past two years in order to update current FCA guidelines, assessed the advice ...
-
ArticleWelsh government to introduce distinct income tax rates
The Welsh government will introduce distinct rates of income tax for UK taxpayers residing in Wales from April 2019.The new Welsh rates of income tax have been announced as part of the Welsh government’s Draft Budget 2018-2019 outline proposals report, published in October 2017. The report outlines the fiscal framework ...
-
ArticleDebbie Lovewell-Tuck: Paying tribute to Marcus Underhill
Last week, all of us here at Employee Benefits were shocked and saddened to learn of the passing of Marcus Underhill.When I first met Marcus not long after joining Employee Benefits 14 years ago, he was introduced to me as one of the pioneers of flexible benefits in the UK. ...