All Employee Benefits articles in Web Issue – Page 1269
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OpinionLucy Bennett: 2020 will see new regulatory requirements for pension scheme trustees
By 1 October 2019, trustees of occupational pension schemes, with a few specific exceptions, had to update their scheme’s statement of investment principles (Sip) to cover, among other things, the trustees’ policies on environmental and other sustainable investment issues.Further changes are coming in 2020. If an employer sponsors a scheme ...
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ArticleEXCLUSIVE: 67% have undertaken pensions communications within the last year
EXCLUSIVE: Employers are responding to the challenge of ensuring staff are saving enough for a comfortable retirement by continuing to open up communications channels around pensions, according to research by Employee Benefits.The Employee Benefits/Wealth at Work Pensions research 2019, which was conducted during October 2019 among 135 HR decision makers, ...
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ArticleTwo in five employees have access to flexible working to manage pressure of Christmas
More than two-fifths of employees (44%) have access to support and flexible working at Christmas to help cope with the pressure of the festive season, according to research by Benenden Health. The research, which surveyed 1,000 small to medium enterprise (SME) business owners, and 1,000 employees, also found that almost ...
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ArticleNorthern Ireland nursing staff strike at 21 locations in dispute over pay
Image credit: RCNNorthern Ireland nursing staff working within health and social care (HSC) organisations, who are members of the trade union Royal College of Nursing (RCN), are undertaking strike action today (18 December 2019).Nurses and nursing assistants are protesting over being paid less than their counterparts in England, Wales and ...
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AnalysisPensions investment: Ensuring default strategy is fit for purpose
Need to know:Trust-based pension funds are obliged to re-examine their default funds at least every three years.Default funds are typically mixed-asset funds, because they must suit all of the three options members can take at retirement: annuity purchase, cash and income drawdown.If the scheme’s default fund is deemed no longer ...
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Case StudiesStelrad’s default investment strategy helps employees manage retirement expectations
The Stelrad group personal pension (GPP) plan was set up with Standard Life in September 2014, following the sale of a related company, Ideal Boilers. It has 125 members in total, of whom 108 are long-serving, active members and 17 are deferred.The scheme, which is closed to new members, runs ...
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OpinionTim Pike: Are we wedded to a gender pensions gap?
Women approaching retirement have typically accrued £51,000 in pension wealth, compared to £157,000 for men; this is a gender pensions gap of more than £100,000, according to a report published by the Pensions Policy Institute and Now: Pensions, in July 2019, Understanding the gender pensions gap.This is generally a result ...
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ArticleEmployees in Aberdeen, Hull and Edinburgh are the richest in the UK
Employees who live and work in Aberdeen, Hull and Edinburgh are among the richest in the UK, according to research by CV Library.The study compared the basic living costs against average salaries for UK professionals in 18 of the UK’s key cities from July 2019 to 20 October 2019. It ...
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ArticleCIPHR acquires Payroll Business Solutions
UK HR software provider CIPHR has acquired its long-term strategic software partner, Payroll Business Solutions (PBS), it announced on 16 December 2019. PBS, which has 20 members of staff, predominately payroll specialists, will join CIPHR's 130 employees, including service desk staff, software developers, project delivery staff, consultants and training specialists, ...
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ArticleKingfisher joins Stonewall’s Global Diversity Champions programme
Home improvement organisation Kingfisher, which owns B&Q, Castorama, Brico Dépôt and Screwfix, has joined charity Stonewall’s Global Diversity Champions programme in order to promote an inclusive workplace for its 77,000 employees. The Global Diversity Champions programme, which has been set up by Stonewall to promote LGBT equality, provides employers with ...
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Supplier articleBlog: Supporting your employees with their mental wellbeing
26% of employees don’t have time to address their mental wellbeing due to the long hours they work.Thomsons Online Benefits’ research found that many of the barriers preventing employees from improving their own mental wellbeing are associated with the workplace. The support you can offer, as well as your workplace ...
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ArticleCalifornia court rules case for reclassification of Uber drivers premature
The District Court of the Northern District of California has declined to order ride-hailing organisation Uber to treat its drivers as employees, but has further refused to entirely dismiss the claims, leaving open an opportunity for further consideration.The case, Colopy v Uber Technologies, concerns Thomas Calopy, who worked as an ...
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ArticleLegoland recruits master model builder for full-time role
Something for the weekend: Merlin Entertainments, which owns theme park Legoland, is looking to recruit a master model builder at its new site in Milpitas, California in spring 2020.The children’s favourite brick building theme park is opening up a new site within The Great Mall of the Bay Area, and ...
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ArticleThe top 10 most read stories: 12-18 December 2019
The top 10 most read stories on www.employeebenefits.co.uk between 12 December and 18 December 2019 were: St John Properties pays 198 employees $10 million bonusJohnson and Johnson and Adidas UK named Britain’s healthiest workplacesNewcross Healthcare rolls out flexible pay benefit to 8,000 health workersEXCLUSIVE: 5% of employees are affected by ...
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ArticleEXCLUSIVE: Majority of employers use in-house teams to provide at-retirement support
EXCLUSIVE: Despite the increased sense that it is a pension provider’s responsibility, the primary source of at-retirement support continues to be HR, benefits, reward, and learning and development teams (34%), and in-house pensions teams (13%), according to research by Employee Benefits.The Employee Benefits/Wealth at Work Pensions research 2019, which was ...
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ArticleConfessions of a benefits manager: Candid considers discount platforms
One of the consulting firms we work with, Hugely Expensive Consulting, has come out with a new platform for non-cash benefits, such as discounts and vouchers. Meanwhile the Higher Beings, our executive team, have also demanded that we review the executive perks that we offer. That makes another unexpected project ...
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ArticleEXCLUSIVE: 37% of employers provide financial education to all employees
EXCLUSIVE: The proportion of organisations that provide financial education for all employees has changed little since the research was conducted in 2018, going from 36% to 37% this year, according to research by Employee Benefits.The Employee Benefits/Wealth at Work Pensions research 2019, which was conducted during October 2019 among 135 ...
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Supplier articleEmployee recognition programmes – just why are they so important?
One of the biggest misunderstandings in business is that remuneration is the key driver of motivation in the workplace. A new research conducted by Harvard Business School Assistant Professor Ashley V. Whillans, shows that more than 80 percent of US employees say they do not feel properly appreciated or rewarded, ...
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ArticleREM staff reduce metabolic age by 37 years via wellbeing programme
Real Estate Management (UK) (REM) has helped its 45 employees, based in offices at The Shard in London, reduce their metabolic age, a measurement of metabolic efficiency, by a total of 37 years, using a wellness challenge and follow-up programme, spanning eight months until November 2019. The SuperWellness Challenge, which ...
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Supplier articleBlog: EMEA organisations are faced with employee engagement barriers
Only 23% of organisations in EMEA class themselves as tech innovators.HR and benefits teams in EMEA need the right technology in place to deliver on their engagement objectives. However, a lack of C-suite or board-level buy-in is one of the main barriers to investing in new technology.Thomsons Online Benefits’ blog ...