All Employee Benefits articles in Web Issue – Page 301
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Article
Buyer's guide to contract-based defined contribution (DC) pensions
The Financial Services Authority's Retail Distribution Review and 2012's reforms are among the factors to consider when formulating a contract-based DC pension scheme, says Ceri JonesContract-based defined contribution (DC) pension schemes, such as group personal pensions (GPPs), stakeholder pensions and group self-invested personal pensions (Sipps), are distinct from trust-based pension ...
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Article
Cadbury consults over closure of final salary pension plan to new staff
Cadbury’s defined benefit (DB) scheme will be closed to new employees and a new defined contribution (DC) scheme will be offered instead if proposals from Kraft Foods are accepted.A 90-day consultation period over the proposal, slated to end on 19 March, is currently in progress.A spokesperson from Cadbury said it ...
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Article
Canada Life Group Insurance expands claims management services
Canada Life Group Insurance (CLGI) has extended its claims management services, CMS ViP, offering the scheme to all customers as a matter of course. Additionally, the service now includes the new early intervention services free of charge.The services provide employer and employee support for all group income protection schemes with ...
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Case Studies
Case Study: Coats launches online compensation management tool
Case study: Coats sews up better managementSewing thread and needlecraft supplies firm Coats is rolling out an online-hosted compensation management (CM) tool.The system, provided by consultants Mercer, will allow Coats to manage its market data more effectively and improve the efficiency of its CM. This will be achieved by market ...
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Article
Chime chooses Healix for healthcare
Chime Communications, the public relations, advertising and brand management group, has signed up to Healix 100 from healthcare and medical assistance specialist, Healix Group.†Under the new agreement Chime has replaced its private medical insurance (PMI) with a Healix Healthcare Trust, which aims to deliver a better quality of service, combined ...
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Article
Tina Clayton promoted at Telefonica
Clayton gets global callTelecommunications operator Telefonica has promoted Tina Clayton to the role of director of global incentives and international assignments. The change is effective from last month.The move came after Clayton went on international assignment for Telefonica, parent company of O2, supporting the operational function of global compensation and ...
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Analysis
Using incentivisation compensation management (ICM) tools to improve sales performance
Incentivisation compensation management software will reveal the best sales staff, says Nicola SullivanAs UK organisations, still stinging from the effects of the recession, become more focused on the governance and transparency of their reward packages, many are following their US counterparts and working more closely with sales directors to manage ...
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Article
Keep Wales Tidy signs health screening deal with Screenetics
Keep Wales Tidy, the body which works to protect and enhance the country’s environment, has agreed a deal Screenetics to provide healthcare screening.The organisation is implementing the scheme via a cash plan with Simplyhealth to give employees access to a comprehensive set of tests designed to help optimise health and ...
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Article
Workplace pension participation dropping
Two-thirds (35%) of private sector employees are not in a workplace pension, according to the latest edition of the Annual Survey of Hours and Earnings (ASHE) by Towers Watson.This figure is down from 37% in 2008 and 45% in 1999.The survey also underlines the ongoing shift from defined benefit (DB) ...
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Article
Tesco staff urged to take part in share schemes
Retail giant Tesco is taking advantage of an HM Revenue and Customs initiative that allows staff to be automatically signed up to share plans as part of their terms and conditions.New joiners have had this included in their terms and conditions since July 2008, but can opt out. Staff are ...
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Analysis
Special report 2010: Financial education
Interview with Andrew Pendleton of York UniversityBe sure to hit your target audience among employeesHow to build a business caseLikely effects of the retail distribution reviewSponsor’s comment: Wide strategy needed to get the financial message across
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Analysis
Thought leaders 2010: The year ahead: Promoting a healthy attitude to sickness
Key PointsSickness absence is linked to the underlying culture of an organisation and its managers. A poor culture leads to high absence ratesOrganisations need to be able to do more with less, which requires a fit, productive workforceTo combat absence, employers need clear policies, current information, training for managers and ...
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Article
Buyer's guide to group income protection (April 2010)
Focus on factsWhat is group income protection? GIP is a form of insurance that provides a salary for staff who are off work with long-term illness or injury. It can also cover the drop in income for those who can only return to a lower-paid post. Traditionally, it is paid ...
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Article
Budget 2010: Tax relief conditions on childcare vouchers relaxed
The government intends to introduce legislation in the next parliament that will retrospectively relax the ‘generally available’ conditions applicable to tax exemptions on childcare vouchers and employer-contracted childcare.This measure is intended to clarify the position of employers with employees on or near to the national minimum wage.The amendment in the ...
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Article
Budget 2010: Ultra low-emission cars to get tax concession
Ultra-low carbon cars will have their company car tax halved for five years as part of proposals outlined by Chancellor Alastair Darling in this year's Budget.Cars which emit between 1 and 75g of CO2 per kilometre will see the 50% drop in the percentage of list price subject to company ...
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Article
Budget 2010: Fuel tax rise to be staged
Tax on fuel will be subject to a staged rise of three pence, Chancellor Alastair Darling revealed in his Budget report.The first rise of one pence will take effect from April, a further one pence rise will come in from October and the final one pence duty will come in ...
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Analysis
Thought leaders 2010: The year ahead: Green incentives spark economy drive
Key pointsThe recession has led employers to scrutinise their company car and business costsMany are focusing on corporate social responsibility and therefore on greener fleetsThe tax regime around low-emission cars is causing employers to rethink which cars they offer and how they do soIt is worth putting company cars into ...
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Article
Majority of employers say fit notes will not reduce absence
Only 22% of employers believe that fit notes will help to reduce absence levels while 38% believe the fit note will create more problems than it solves.According to a survey conducted by Kronos, the workplace management company, which polled 1,400 private and public sector employers:35% are still unaware that the ...
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Article
Accor Services relaunches childcare voucher scheme
Accor Services has relaunched its information and advice services by splitting its Familylife Solutions advice line into two separate lines: one offering general family advice and the other offering advice in sourcing childcare.Parents who receive Accor Services’ childcare vouchers will now have access to the two advice lines, which are ...
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Opinion
Financial education: Sponsor's comment: Wide strategy needed to get the financial message across
Jonathan Watts-Lay, director of Wealth at Work, says all employees must be made aware of their financial needs and opportunitiesInsufficient retirement savings, over-indebtedness and lack of knowledge are all factors creating the need for financial education, but what are the considerations and benefits for an organisation in providing financial education ...