All Employee Benefits articles in Web Issue – Page 1175
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OpinionChristopher Brooks: Should employers default staff into pensions guidance?
Pension freedoms have opened up a brave new world of financial decision-making. While this can be a positive, a typical individual accessing their pension is now expected to make decisions that balance present and future spending needs, while factoring in information about complex products of which they have no previous ...
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ArticleEXCLUSIVE: Michael Caines MBE and Uber to speak at Employee Benefits Connect 2019
EXCLUSIVE: Celebrity chef Michael Caines MBE (pictured) will deliver the closing keynote address on leadership at Employee Benefits Connect 2019, while Raashi Sikka of Uber will open the event with a discussion about how technology is changing the face of diversity and inclusion.Wrapping up the conference programme on Wednesday 27 ...
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ArticleFirmenich receives Edge certification for gender parity commitment
Perfume organisation Firmenich has been awarded certification from assessment body Economic Dividends for Gender Equality (Edge), in recognition of its commitment to gender parity in the workplace.The certification followed an assessment of data and processes, as well as a survey of the organisation’s 7,000 employees, based in 66 facilities worldwide.Gilbert ...
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ArticleFormer BHS owner Chappell ordered to pay over £124,000 for TPR breaches
Dominic Chappell, director and majority shareholder of the organisation that bought BHS for £1, has been ordered to pay more than £124,000 for failing to hand over information to The Pensions Regulator (TPR).Chappell failed to disclose details required by TPR under section 72 of the pensions act 2004 as part ...
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Supplier articleAll you need to know about Workplace ISAs
By Neil Atkinson, Head of Proposition. In association with SmarterlyOur latest financial wellness survey found that 25% of people admit to money problems so substantial they affect their ability to do their job, with the same proportion believing they have little or no chance of saving adequately for their future. ...
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ArticleMore than half of employees feel psychologically unsafe in the workplace
Globally, more than half (52%) of employees have encountered workplace bullying and felt psychologically unsafe at work, according to research by learning organisation City and Guilds Group.The study, drawn from an online survey of 1,000 leaders, managers and employees by Censuswide in October 2018, also revealed that only one in ...
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ArticleBoundless wins Best employer at Best Business Awards
Boundless, an events and experiences club for public sector workers, has won Best employer and Best health and safety at the 2018 Best Business Awards.The Brighton-based organisation was commended by a panel of independent judges for putting people at the heart of its cultural transformation over the last four years.Sir ...
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ArticleEXCLUSIVE: 75% of employers have had pensions communications in the last year
EXCLUSIVE: The majority of respondents recognise the importance of sharing pensions information with their staff, with three in four (75%) having undertaken a communication exercise in the last year, according to research by Employee Benefits and Barnett Waddingham.The report, Employee Benefits/Barnett Waddingham pensions research 2018, which was published in December ...
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ArticleMidlands-based Two Sisters staff awarded 9.3% pay rise
Around 1,500 Midlands-based employees at food manufacturer Two Sisters Food Group, who are members of the trade union Unite, have been awarded a two-year pay deal.A spokesperson for Two Sisters said: "We made a commitment to work with Unite with regard to flexibility around production, and recognising and rewarding our ...
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Supplier article6 steps employers can take to help employees who are retiring in 2019
The New Year is the perfect time for employees to take stock of their finances and those who are approaching retirement will have a number of decisions to make given the freedom and choice in pensions. Many will turn to their workplace for support with this. Therefore WEALTH at work ...
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Poll: How do you support employees with their mental health in January?
[polldaddy poll=10195402]
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ArticlePoll: More than a third rely on unpaid leave for parents caring for sick children
Employee Benefits poll: More than a third (37%) of respondents' organisations rely on unpaid leave for employees who need to care for their sick children.A straw poll of www.employeebenefits.co.uk readers, which received 94 responses, also found that 33% of organisations offer flexible working arrangements to help working parents care for ...
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Article
TerryberryReward
TerryberryReward is an established partner with a proven reputation. Our clients are some of the biggest names in the UK and they trust us to deliver a vast variety of schemes from employee long service awards to peer-to-peer / social recognition. We provide a comprehensive service with in-house reward fulfilment ...
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Supplier articleAffordable benefits for SMEs
There is nothing more important than a healthy and happy workplace, because a failure to establish a culture that encourages wellness could result in wandering eyes and difficulties when it comes to recruitment. Investing in wellness can increase employee engagement, reduce absenteeism, retain staff, improve productivity and morale.Employee wellness should ...
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Article
Salary Finance
Salary Finance is underpinned by a social purpose. Through technology and innovation, we strive to make the lives of millions of working people less stressful, more productive and much happier.We partner with employers to offer financial wellbeing benefits that help employees live healthier, happier lives. We do this by offering ...
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OpinionDianne Day: Should workplace pension members select their own investment?
Most UK employees saving into traditional defined contribution (DC) pension schemes do not make investment choices; instead, they choose to leave their money in the hands of trustees. From my experience, across the UK, around 80% to 90% of workplace pensions are in default funds, but other self-select choices are ...
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Case StudiesRSM encourages risk-profiling to engage employees with pension investments
Audit, tax and consulting organisation RSM created its defined contribution (DC) pension scheme in 2010 without a default investment fund, encouraging active decision-making among its 3,600 UK-based employees.RSM’s online joining process encouraged staff to utilise a risk-profiling tool, provided by Aviva. This aligned with the available investment funds, including five ...
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ArticleAIG Life completes acquisition of insurance provider Ellipse
Insurance organisation AIG Life has completed the acquisition of Ellipse, a specialist group life, critical illness and income protection provider in the UK, following the receipt of required regulatory approval.The terms of the purchase, from German reinsurance organisation Munich Re, have not been disclosed.AIG Life now intends to distribute both ...
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AnalysisHow to encourage active decision-making surrounding pension investments
Need to know: Employees can self-select their pension fund, rather than remaining invested in the default option; this can help staff better tailor investments to their personal circumstances.Financial education around available pension fund options can help employees make informed, active investment decisions.Communications should be clear, simple and feature a mix ...
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Case StudiesDAC Beachcroft uses financial education to encourage active investment choices
DAC Beachcroft, which has 2,230 UK-based employees, held a pensions roadshow at its Bristol office in September 2018, in conjunction with Scottish Widows. This enabled employees to book one-to-one consultations and attend a presentation on fund performance and available investment plans.Sarah Young, head of reward at DAC Beachcroft, says: “People ...