All Employee Benefits articles in Web Issue – Page 1631
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ArticleTransUnion UK pledges to become menopause-friendly employer
TransUnion UK, a global information, insights and credit reference agency, has pledged to become a menopause-friendly employer to build on existing support for employees. Its commitment enables the agency to access Menopause Friendly’s monthly webinars on menopause-friendly employer accreditation pillars, specialist masterclasses, access to a library of ...
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ArticleManchester University NHS Foundation Trust appoints new chief people officer
Source: From Manchester University NHS Foundation Trust Meera Nair Manchester University NHS Foundation Trust (MFT) has appointed Meera Nair as its new chief people officer and to its board. Nair is currently chief people officer for Lewisham and Greenwich NHS Trust and the South East London Integrated ...
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ArticleScotRail becomes endometriosis-friendly employer
Source: From Shutterstock / 698624737 Scottish train network ScotRail has become an endometriosis-friendly employer scheme as part of its pledge to support its employees impacted by the condition. Through the scheme, which is run by charity Endometriosis UK, the employer will improve its support for its affected ...
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ArticleRAC completes £1.3 billion pension buy-in
Source: Andrew Harker / Shutterstock / 1819817303 Vehicle breakdown cover provider RAC has completed a £1.3 billion full-scheme pension buy-in for its 2003 pension scheme. The full scheme buy-in insures £1.3 billion of liabilities and secures benefits for around 19,000 of the scheme members. The transaction, which ...
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ArticleBoosst transitions to employee ownership trust
Financial planning firm Boosst has transitioned to an employee ownership trust (EOT) in order to ensure its long-term independence and commitment to its clients and employees. Owners Keith and Linda Butten, and managing director Josh Butten, have transferred 100% of their shares to the EOT and have ...
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Poll: Do you think the real living wage increase to £12.60 an hour goes far enough to support employees?
Take part in our latest readers’ poll on a current topical issue. Last week, Employee Benefits reported that the Living Wage Foundation announced an increase in its real living wage rate to £12.60 across the UK, and £13.85 in London. The rise is a 60p, or 5%, increase for the ...
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Supplier articleHow to Build a Strong Corporate Volunteering Policy
In today’s competitive business landscape, a corporate volunteering policy isn’t just a nice-to-have: it’s a must. Companies that empower employees to give back through corporate volunteering programs aren’t just making a positive impact on the world; they’re also attracting top talent, strengthening customer trust, and improving overall ...
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AnalysisKey questions to ask of providers when selecting a benefits platform
Benefits platform choice - shutterstock_2385912181 Need to know: Employers need to ensure a benefits platform is easy for employees to engage with. A platform or app that has all benefits provisions in one place is preferable. Due diligence into any benefit platform is key. ...
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Case StudiesNewcastle Building Society prioritises functionality in a benefits platform
Credit: ML Robinson / Shutterstock.com When Newcastle Building Society chose a new benefits platform, one of the key consderations was to prioritise functionality. Ben Thomas, head of reward at the building society, has been involved in choosing a number of benefits platforms over ...
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ArticleLifetime provider model for pensions scrapped
Plans to introduce a pot for life for employee pensions will no longer go ahead, according to the Department for Work and Pensions. The previous Conservative government had proposed introducing a lifetime provider model (LPM), which would allow employees to have a single pension scheme throughout their ...
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ArticleFDM Group reports -2.5% mean gender pay gap for 2024
Source: T. Schneider / Shutterstock.com Global business and technology consultancy FDM Group has reported a -2.5% mean gender pay gap for 2024, compared to -7.6% the previous year. The employer’s median gender pay gap was -5.1%, versus -4.3% in 2023. Its mean bonus gap for 2024 was ...
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ArticleBritish Society for Immunology to pilot four-day week
The British Society for Immunology (BSI) has announced that it will take part in a four-day working week pilot for six months, starting on 4 November. During the pilot, which was approved by the board of trustees in July, participating BSI staff will be able to choose ...
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ArticleDeutsche Bank completes £1.1 billion full pension buy-in
Deutsche Bank has completed a £1.1 billion full buy-in for its UK pension scheme. The scheme is sponsored by a subsidiary of Deutsche Bank and is a client of Legal and General’s asset management division. The buy-in secures the benefits of around 4,000 members. LCP was lead ...
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OpinionAmanda Glover and Jesse Akiwumi: Potential impact of the Employment Rights Bill
Source: Clarkslegal Jesse Akiwumi and Amanda Glover from Clarkslegal The Employment Rights Bill aims to put an end to exploitative zero-hour contracts. The bill introduces a requirement for employers to offer workers, on zero-hour or low hour contracts, the ability to move to guaranteed hours. ...
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ArticleNational living wage to rise by 6.7% in April 2025
The government is to increase the national living wage by 6.7% from April 2025. Chancellor of the Exchequer Rachel Reeves has announced the rate will rise from £11.44 to £12.21 an hour, which will be worth £1,400 a year for an eligible full-time worker. It is part ...
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ArticleFord workers strike over pay and contract changes
More than 1,000 workers employed by vehicle manufacturer Ford have begun strike action due to a long running dispute over pay and contract changes. The employees, who are represented by trade union Unite, are administrative staff based in Dunton, Stratford, Dagenham, Daventry and Halewood. They began industrial ...
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ArticleGender pay gap for full-time employees stands at 7%
The gender pay gap for full-time employees stands at 7%, down from 7.5% in 2023, according to the latest analysis by the Office for National Statistics (ONS). Its Annual survey of hours and earnings report found that among all employees, the gender pay gap decreased to 13.1% ...
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ArticleAutumn Budget 2024: Employer national insurance contributions (NICs) to increase to 15%
Autumn Budget 2024: The government is to increase the rate of employer national insurance contributions (NICs) by 1.2 percentage points to 15% from 6 April 2025. This will mean employers will have to pay 15p in NIC for every £1 paid to an employee. In addition, the ...
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ArticleAutumn Budget 2024: Income tax thresholds to remain frozen until 2028
Credit: Fred Duval/Shutterstock Autumn Budget 2024: Chancellor of the Exchequer, Rachel Reeves, has announced that income tax thresholds will remain frozen until 2028. Reeves, the UK’s first female Chancellor, announced in her Autumn Budget to the House of Commons that the government will not be increasing the ...