All Employee Benefits articles in Web Issue – Page 1161
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Supplier articleInfographic: Why UK employers should lend a helping hand
UK employees are lost when it comes to their finances. With an insufficient understanding of their own money, and a complex financial market to navigate, many employees lack confidence that they can meet their own living costs.If you’re concerned about the financial health of your employees, check out Thomsons Online ...
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ArticleLloyds Banking Group ordered to equalise pensions for men and women
The High Court has ruled that Lloyds Banking Group must equalise its guaranteed minimum pensions (GMP) for men and women, in a landmark judgment that could cost major pension schemes £15 billion.The case relates to GMP schemes that ran between 1990 and 1997 for members who contracted out of the ...
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Supplier article
Benefits & CSR (how to use benefits to boost CSR)
Whatever your Corporate Social Responsibility (CSR) strategy, your employee benefits package should support it. Even if you don’t have a specific CSR strategy in place, the benefits you offer can work really well in helping companies execute their economic, environmental and social responsibilities.Start with you and your industryThe type of ...
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OpinionJane Fuller: Does the pensions system provide enough incentives for long-term saving?
Before starting to think about incentives to save into the pensions system, it must be remembered that the UK state pension is far from generous. At £164.35 a week, the new single-tier pension is little more than half a week’s income on the national living wage rate of £7.83 an ...
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ArticleGovernment to increase tax-free personal allowance to £12,500
Read more updates on the Autumn Budget 2018 in Tuesday's Daily News emailAutumn Budget 2018: The government has today (29 October 2018) announced a commitment to increase the tax-free personal allowance to £12,500 and the higher-rate threshold to £50,000 in April 2019.The current personal allowance stands at £11,850, and the ...
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ArticleNational living wage to increase to £8.21 an hour from April 2019
Read more updates on the Autumn Budget 2018 in Tuesday's Daily News emailAutumn Budget 2018: The national living wage will increase by 4.9% from April 2019, rising from £7.83 an hour to £8.21 an hour for employees aged 25 and over.Chancellor Philip Hammond (pictured) confirmed in his Autumn Budget 2018 ...
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ArticleOff-payroll working reforms to be extended to private sector
Read more updates on the Autumn Budget 2018 in Tuesday’s Daily News emailAutumn Budget 2018: The government is to extend reforms to the taxation of off-payroll working to the private sector, Chancellor Philip Hammond (pictured) has announced in his 2018 budget.The changes to the rules, known as IR35, have already ...
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Case StudiesMott MacDonald offers range of financial benefits to help employees save
The Mott MacDonald Group is a global engineering, management and development consultancy with 16,000 employees across 150 countries, and a headquarters in the UK. It is one of the largest employee-owned organisations in the world.Mott MacDonald has a defined contribution (DC) pension scheme for all UK staff; this is a ...
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AnalysisPensions versus other workplace investments: what are employees' options?
Need to know:Pensions are still viewed as the primary workplace savings vehicle for employees, but other tools include the corporate Individual savings account (Isa) or the Lifetime individual savings account (Lisa).The Pension Freedoms Act has made pensions more accessible and potentially more desirable as a savings vehicle, but employees may ...
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Supplier articleHow running my first half marathon helped me understand the power of recognition in the workplace
By Meghan Barrett, Content Marketing Editor About a month ago, I ran my first-ever half marathon. Yes, a whole 13.1 miles. It was no easy challenge and there was definitely some mental and physical prepping involved. But even if you’re as prepared as you can be, you never really know ...
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ArticleGovernment to introduce 2% digital services tax in 2020
Autumn Budget 2018: From April 2020, the government will introduce a new 2% digital services tax on large organisations, Chancellor Philip Hammond has announced in his 2018 budget.The tax will apply to revenues generated from search engines, social media platforms and online marketplaces where activities are linked to the participation ...
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ArticleGovernment to provide £5m additional funding to make pensions dashboard a reality
Autumn Budget 2018: The government will provide an additional £5 million in funding in 2019-2020 to help bring the pensions dashboard to fruition.Chancellor Philip Hammond (pictured) confirmed in his Autumn Budget 2018 speech, delivered on Monday 29 October, that the Department for Work and Pensions (DWP) will consult later this ...
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ArticlePensions cold calling to be made illegal
Autumn Budget 2018: The government has confirmed that it will be introducing new legislation to make pensions cold calling illegal.In Monday’s Autumn Budget 2018 speech, chancellor Philip Hammond (pictured) announced that the government will shortly be implementing legislation to make pensions cold calling illegal.Alongside the Budget, it is also due ...
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ArticleCo-investment rate for apprenticeship training to be halved for small employers
Autumn Budget 2018: Small employers' co-investment rate for apprenticeship training is to be cut from 10% to 5%, chancellor Philip Hammond announced in the Autumn Budget 2018.The government is providing up to £240 million of funding to allow for the halving of the rate.Stephen Martin, director general of the Institute ...
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Supplier articleCan Radical Candor support your Reward and Recognition strategy?
‘Radical candor’ is a management approach that has gained popularity in Silicon Valley off the back of a bestselling book by former Google and Apple exec, Kim Scott. One of Scott’s key points relates to the importance of challenging directly: leaders telling their employees, in a considerate and objective way, ...
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ArticleEmployment allowance access restricted to smaller employers
Autumn Budget 2018: Access to the employment allowance (EA) will be restricted to employers with a national insurance contributions (NICs) bill below £100,000 in the previous tax year, chancellor Philip Hammond revealed in the Autumn Budget 2018.The EA allows employers to claim back class 1 NICs of up to £3,000 ...
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ArticleGovernment increases funding for industrial strategy to boost UK’s productivity
Autumn Budget 2018: The government has announced increased investment for initiatives within its Industrial Strategy in order to improve productivity across the UK.Chancellor Philip Hammond (pictured) confirmed in his Autumn Budget 2018 speech, delivered at the House of Commons on Monday 29 October, that research and development will receive an ...
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ArticleGovernment announces DC pensions investment drive for business growth
Autumn Budget 2018: The government will support defined contribution (DC) pension funds to invest in growing UK organisations and start-ups through the British Business Bank, according to the Autumn Budget 2018 statement.The British Business Bank is the government’s UK-wide economic development bank aimed at making finance markets work more effectively ...
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ArticleHow will the Autumn Budget 2018 impact pay and benefits?
Chancellor Philip Hammond (pictured) delivered the Autumn Budget speech to the House of Commons on Monday 29 October 2018. Below is a summary of the key announcements that could impact employers’ pay and benefits strategies:From April 2019, the tax-free personal allowance will increase from £11,850 to £12,500, while the higher-rate ...
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OpinionEmma Hamnett: Key Christmas party warnings
In the run-up to Christmas and the dreaded office party, employers should be aware of a recent judgment that means they may be legally responsible for the actions of their staff, even if they take place outside the workplace.In itself, this is not news, but a recent Court of Appeal ...