All Employee Benefits articles in Web Issue – Page 260
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Article
More than a third of adults are without pension
More than one third (36%) of adults in Great Britain, who are not already retired, do not have a personal or company pension in place, according to YouGov research commissioned by employee benefits adviser Foster Denovo.The survey also highlighted that more than a quarter (28%) of people aged between 25 ...
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Article
Kellogg's introduces total reward statements
Kellogg’s has introduced personalised Total Reward Statements for its 2,000 staff for the first time.The statements feature some of Kellogg’s best-loved characters to grab employees’ attention and shout about the benefits they receive. Bright, bold and jargon-free, they spell out the reward offering for employees at a glance.It is one ...
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Article
The Voucher Shop launches communications support package
The Voucher Shop has launched a marketing communications support package for users of its flexible benefits scheme.ŒMaintaining Momentum has been created to assist clients in the launch and ongoing communication of a Spree-flex scheme to employees in order to encourage increased participation and take-up.Among the suggestions included in the package ...
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Article
FTSE 100 firms increase life expectancy assumptions
FTSE 100 companies have increased the life expectancy assumptions used in valuing their pension scheme liabilities for the third consecutive year.Mercer’s UK IAS19 Assumptions Survey showed that over 2008, the average life expectancy assumption for employees who have already retired increased by around seven months. This is approximately equivalent to ...
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Article
Asperity moves voucher and gift card operation in-house
Asperity Employee Benefits has moved its voucher and gift card operation, from order to despatch, in-house.The re-vamped voucher shop on Asperity’s Reward Gateway voluntary benefits platform means that orders for discounted retail vouchers and cards placed before 11 am will now be dispatched the same day.The product range includes paper ...
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Article
Detica add voluntary benefits package to their benefits offering
This article was supplied by our voluntary benefits channel sponsors, AsperityBusiness and technology consultancy Detica has chosen Asperity Employee Benefits to provide a tailor-made discount scheme for its 1400 employees in the UK, following a thorough tender exercise.The new scheme, Pick & Mix Extras, will run alongside the company’s flex ...
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Article
The You Company launches workplace wellness system
The You Company has developed a wellness system for workplace use with support from medical professionals.Key to Life is a tailored system for organisations, which employees can use to monitor and record their own wellness through an online assessment.It provides results in the form of a traffic light system – ...
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Article
Buyer's guide to childcare vouchers (July 2009)
A change in legislation is causing confusion over the provision of childcare vouchers, says Nicola SullivanThe very nature of childcare vouchers means they are often seen as a popular benefit to have around, particularly during a recession. As employers look to introduce low-cost perks to get better value for their ...
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Article
Centrica adds power to voluntary benefits schemes
Energy giant Centrica has enhanced its childcare voucher scheme and taken steps to promote its voluntary benefits plan.The company has added a range of discounts to its childcare voucher scheme, which is provided by Accor Services. These include discounts on clothes, groceries and toys, as well as discounted theme-park tickets ...
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Article
Four out of ten fleet managers believe drivers are against safety training
Four out of ten fleet managers believe their drivers would not be willing to take part in safety training.The findings, from the Arval-backed Corporate Vehicle Observatory (CVO), demonstrate that significant numbers of business drivers are resisting the opportunity to mitigate their road risk.The research found that 11% of respondents felt ...
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Article
AWD Chase de Vere enhances financial awareness product
AWD Chase de Vere has enhanced its financial awareness product by providing UK employers with regional consultants clued up on their benefits packages.Employees can call upon the regional consultants, all of which have been trained on individual company benefits structures, to assist them in engaging their workforce with financial perks.Details ...
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Analysis
Benefits surgery: Company cars and salary sacrifice
We are considering implementing a salary sacrifice arrangement for our company cars. How would this work?We are seeing a significant amount of interest in salary sacrifice arrangements for cars. The interest may come from the view that there is a possibility of introducing this benefit at no cost to the ...
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Article
Cars most at risk from cuts
Cost-cutting remains high on many employers' agendas, with one in four financial decision-makers prepared to cut all types of employee benefits.According to the Employee Rewards survey published by Lloyds TSB Autolease, just under a quarter (23%) of the 200 financial decision-makers questioned said they would not offer any form of ...
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Analysis
Cutting fleet costs while matching employee needs
Employers are looking at various ways to cut car costs during the recession, including mixing fleet funding methods to better match arrangements to individual employees' need, says Nicola SullivanIf you read nothing else, read this...- Employers that adopt a mixed-fleet approach, rather than a one-size-fits-all method, may be able to ...
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Analysis
Do Sipps spell an end for GPPs?
Self-invested personal pensions are putting the popularity of GPPs under pressure as employers and employees seek greater flexibility in their investment options, says Tom WashingtonIf you read nothing else, read this…- Group personal pensions (GPPs) are a contract-based defined contribution occupational pension vehicle.- Their popularity was threatened in 2001 with ...
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Article
Helphire staff vote to increase hours
More than 80% of employees at accident management company Helphire have elected to increase their contractual hours.Employees were offered the opportunity to increase their hours from 35 to 37.5 hours a week, with their salary also being increased proportionately to reflect the change. Sean Morris, group HR compensation and benefits ...
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Article
Age discrimination laws yet to impact on employers – say Origen
Age discrimination legislation has yet to have an impact on the majority of UK firms.According to the seventh annual Employee Benefits Survey conducted by Origen, this is because over 50% do not employ any staff over the age of 65, which rises to 80% in sectors such as IT, telecoms ...
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Article
Interview with industry body Group Risk Development (Grid)
These are exciting times for group risk perks as schemes adapt to meet changing workplace requirements, says industry body Group Risk Development (Grid). Debi O’Donovan reportsFor benefits that are rarely centre stage, group risk insurances are undergoing a dramatic, if gradual, metamorphosis. Perhaps the very fact that they are usually ...
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Article
Getting the best value out of group risk strategy
The pressure is on for employers to get the best value out of their group risk strategy, and there are several methods to keep costs under control, says Sam BarrettWhatever the economic climate, employers want to get the most out of their group risk strategy.But in the current environment, the ...
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Article
Offering high earners better life assurance scheme
Employers may be able to offer high earners a more favourable life assurance scheme, says Edmund TirbuttChanges introduced under pensions simplification legislation in April 2006 improved the options available for group life assurance/death-in-service benefits, but many employers have not yet taken advantage.Most still restrict life cover benefits to the traditional ...