All Employee Benefits articles in Web Issue – Page 218
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Lloyds TSB drives benefits engagement with online advent calendar
Tuesday 22nd November 2008Lloyds TSB is launching an online advent calendar for December designed to drive uptake in its ‘Staff Offers’ voluntary benefits programme. The calendar, developed by Asperity Employee Benefits, includes a daily business-related achievement and the chance to win one of 25 prizes sponsored by retailers.Daily prizes in ...
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Employees bump-up expense claims during downturn
A third of UK employees think it is acceptable to exaggerate their expense claims and see pay freezes during the economic downturn as a legitimate reason to do so.According to new research from expense management provider GlobalExpense, 30% of all adults believe it is acceptable to exaggerate claims and one ...
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Pre-Budget Report: FSA to review City pay structures
The chancellor Alistair Darling pledged to work with the Financial Services Authority (FSA) in order to improve pay structures as part of an attempt to tighten regulations with the UK’s banking sector.In his Pre-Budget Report, Darling said: “The Financial Services Authority is now considering changes across the regulatory system - ...
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Pre-Budget Report: NI changes will boost salary sacrifice
The Chancellor, Alistair Darling, has announced an increase in employer and employee national insurance contributions (NICs) of 0.5% that will take effect from 2011 and which could have the long-term impact of boosting employer interest in salary sacrifice arrangements.Graham Farquhar, head of global employment at Ernst and Young, said: "The ...
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Pre-Budget Report: New higher rate tax band announced
The government announced a new higher rate tax band in today's pre-Budget Report along with a surprise increase in national insurance contributions (NIC) to be phased in by 2011.The new 45% tax rate will hit the top 1% of earners, with incomes above £150,000, from April 2011.Chancellor Alistair Darling also ...
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Flexible Benefits Senate
25 November 2008Flexible Benefits SenateOrganised by Employee Benefits MagazineNOW†FULLY†BOOKEDThis 1-day event will focus entirely on flexible benefits. You will hear real life case studies from other employers and take part in practical workshops with leading flexible benefits providers.SummaryAttendance is FREE, but is only open to senior HR and benefits managers ...
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Government gives green light to Dame Carol Black's fit note
The government will implement the fit note and has proposed a series of other measures that will help to ease the burden of managing sickness absence for employers as part of its response to Dame Carol Black’s report into the health of the working age population.James Purnell, work and pensions ...
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Employers told salary sacrifice is worthwhile
Employers have been told that it is worthwhile offering tax-efficient benefits via salary sacrifice as this provides savings on their national insurance contributions that can be used to help fund a flexible benefits scheme.Presenting a case study on Citigroup at the Employee Benefits Flexible Benefits Senate on Aligning flexible benefits ...
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Getty Images launches discounts on dining out
Getty Images has introduced discounts on dining out for its 450 London-based employees.Through the voluntary perk, employees can purchase annual membership to discounted dining club, Taste London. Those who wish to do so have a one-off payment of £24.99 deducted from their net salary. They then receive a brochure with ...
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Alcatel Lucent launches cycle to work
Alcatel-Lucent has added a salary sacrifice cycle to work scheme to its flexible benefits offering for 2009.The global communications firm introduced the offering to 1,500 UK based employees in response to feedback on benefits.Richard Tyler, compensation, benefits and HRIS manager, said: “It is a green initiative and we now feel ...
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Emap switches flexible benefits provider
Emap is switching its flexible benefits provider to improve HR efficiency and make the scheme more accessible for staff.The publisher will outsource its flex provision for 1,400 eligible employees to NorthgateArinso, which also administers its HR and payroll, from 1 January to give staff access to benefits and HR on ...
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Aegon calls for second pension 'A-Day'
Aegon UK has called on policymakers to simplify the rules on taking annuities in retirement, with a second pensions 'A day', this time focusing on income in retirement.Speaking at the Association of British Insurers (ABI) annual Savings Conference "Living Longer, Living Better" Otto Thoresen, chief executive of Aegon UK, called ...
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The Pensions Bill receives Royal Assent
The Pensions Bill has received Royal Assent, providing the legal framework for personal accounts and compulsory employer pension contributions.First introduced in December 2007, the act states that from 2012 employers must auto-enrol employees, aged over 21 and earning above £5,000, into a workplace pension scheme or the new personal accounts ...
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Flexible Benefits Senate 2008
To view a presentation from the Flexible Benefits Senate which was run by Employee Benefits magazine and held in London on 25 November 2008, please click on the 'Download' link next to the speaker name below.†Aligning flexible benefits to your business strategy. Bhavna Kukadia, international tax manager, reward & mobility ...
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Conservatives hint at closing public sector final salary pensions
The Conservative Party leader David Cameron has hinted that the public sector's final salary pension scheme could be closed and workers moved into a defined contribution arrangement if the party is voted in to government.Speaking to the Greater Manchester Chamber of Commerce, Cameron said: "My vision over time is to ...
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Pay assured for Woolworths' staff but fears remain over pension.
Woolworths' administrators have reassured the store's employees that they will be paid until after Christmas but said it was too early to talk about the future of the firm's defined benefits pension scheme.A spokesman for administrators Deloitte said no decision has yet been taken about the retailer's final salary scheme. ...
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Transport workers have lowest sickness absence rate
Train drivers, pilots and air traffic controllers are the least likely to take a day off ill, according to latest figures on sickness absence from the Office for National Statistics.The Economic and Labour Market Review found that transport associate professionals have a sickness absence rate of just 0.8% in the ...
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HMRC announces revised advisory business mileage rates
HM Revenue and Customs has published new advisory business mileage fuel rates for company vehicles to reflect a 5% fall in petrol prices since the rates were last reviewed in July 2008.The new values are operational from 1 January 2009 for tax, national insurance contribution(NIC) and VAT purposes and offer ...
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GSK to offer financial education to support staff after job cuts
GlaxoSmithKline is aiming to offer financial planning and career support to workers who are made redundant or take early retirement from its Dartford factory.The move follows the pharmaceutical firm's proposal to close the plant by 2013, with the loss of 620 jobs.A spokesman for the company said: "We are providing ...