All Employee Benefits articles in Web Issue – Page 391
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Article
Maplecroft research: Pension promises will put pressure on the UK
The UK is one of the European countries that is most exposed to fiscal risk due to the pension and health pledges to its ageing population, according to statistics released by Maplecroft.The mapping firm's Fiscal Risk Index - a ranking of 163 countries - showed that the UK, France, Germany, ...
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Article
Willis launches online benefits service
Insurance broker Willis Group has launched an online service to streamline the management administration and communication of employers’ benefits programmes.Its Total Rewards online portal enables employees to see the overall value of their personal reward package, with information and resources to increase understanding and take up of benefits.Employers can use ...
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Article
Generali Employee Benefits appoints new chief executive
Generali Employee Benefits (GEB) has appointed Mauro Dugulin chief executive officer as of 1 March. He will be responsible for the development of GEB on a worldwide basis. Dugulin, who has been with the Generali Group since 1981, was previously general manager of GEB in Brussels.He replaces Elio Moccia who ...
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Article
PWC research: Employers to use more non-financial rewards to motivate staff
Organisations in the UK will use more non-financial rewards to motivate staff, according to a PwC’s 14th PwC Global CEO survey.The survey is based on 1,200 interviews conducted from September to November 2010 with CEOs in 69 countries.†The UK data is based on 71 interviews conducted with UK-based CEOs.While 58% ...
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Article
Ford staff could strike over CPI pension link
Unite, the union, has warned Ford it intends to ballot around 11,000 members for industrial action in response to the employer’s plan to link pension payments to the consumer price index (CPI).Ford informed Unite in early January that it intends to use the CPI to calculate inflation linked increases to ...
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Article
Employees waste time at work
Most employees are guilty of wasting time at work, whether they take a few minutes out to trawl Wikipedia in order to prove their colleague wrong about the ingredients found in haggis or remind themselves of all actors cast in the 80s film Lost Boys.Less information-hungry employees may just simply ...
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Article
CIPP research: Payroll giving popular among pay professionals
Payroll giving is popular among payroll professionals, according to research by the Chartered Institute of Payroll Professionals (CIPP).The CIPP Payroll Giving Schemes survey found that nearly three-quarters (73%) of payroll professionals operated payroll giving within their organisations.Of those that do not run a scheme, 18% said they are considering implementing ...
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Article
Domestic and General hosts wellness event
Domestic and General has held a wellness event to support employees’ health and wellbeing and combat sickness absence.The event, held in conjunction with Nuffield Health, gave the organisation's 800 call-centre employees the chance to get advice and tips on exercise and eating plans.Domestic and General's wellness team gave out NHS ...
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Article
TPR and NISPI publish statement on improving pensions administration
The Pensions Regulator (TPR) and the National Insurance Services to the Pensions Industry (NISPI) have published a statement that sets out how the two organisations will be working more closely together to improve administration standards.The statement, which is part of TPR’s current drive to improve pension scheme administration, outlines how ...
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Article
Aetna launches international healthcare plans
Aetna has launched a suite of international healthcare plans (IHP) for organisations with globally mobile employees.Employers select from one of four base plans, then choose from a menu of up to 49 additional benefits and limits. The plans are available in Europe, the Middle East and Hong Kong, and will ...
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Article
Lloyds Banking Group gains £910 million after DB pension changes
Lloyds Banking Group has announced a pension curtailment gain of £910 million following changes to its defined benefit (DB) schemes.In the first half of 2010, the group capped the amount of any future increases to pensionable salary to the lower of the retail price index (RPI) inflation, each employee’s actual ...
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Article
Ortus research: HR professionals' incomes rose in 2010
The incomes of HR professionals’ rose by 12% in last year, according to research by HR recruiter Ortus.The increases were fuelled by higher-than-expected bonus payments with £9,800 paid in bonuses for every HR worker in the city and the south-east. Ortus' survey of almost 900 HR professionals also showed the ...
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Article
IGlobalFitness launches wellness challenge
IGlobalFitness has launched a wellness programme that challenges employers to increase their employees' physical activity and compete against other organisations.Organisations are able to enter as many teams of five participants in the challenge.Participants are given a calorie counting activity monitor and access to an online activity programme so they can ...
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Article
Wilkins Kennedy research: Staff participating in payroll giving falls
The number of employees who give money to charity through payroll has fallen by 30,000, according to research from accountancy firm Wilkins Kennedy.In the past 12 months, the number of employees taking part in payroll giving fell from 754,000 to 724,000. This has previously peaked in 2007/08 with 758,000 members.Although ...
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Article
Budget 2011: Company car tax frozen for low CO2 cars
Chancellor George Osborne has announced a freeze on company car tax from April 2013 in a bid to encourage businesses to use ultra-low-carbon vehicles.The Budget report set out plans for a 1% increase on company car tax for all vehicles with emissions between 95g/km and 219g/km from the same date.Rates ...
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Article
Budget 2011: Tax relief restriction on employer-supported childcare confirmed
As announced in the Finance Bill in December 2010, the government will introduce a restriction on the level of tax relief available to high-rate and additional-rate taxpayers who receive employer-supported childcare.From April 2011, the weekly amount that parents joining an employer-supported childcare scheme will be able to claim exempt from ...
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Article
Budget 2011: Disguised remuneration rules could include car salary sacrifice
Chancellor George Osborne has confirmed that the government will introduce legislation to target arrangements intended to disguise remuneration or avoid restrictions on pensions tax relief.It has not yet clarified whether this will include salary sacrifice car schemes.Alastair Kendrick, director of employment tax services at Mazars, said: “There is a commitment ...
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Article
Budget 2011: Approved mileage allowance payments to rise to 45p
In his Budget report, chancellor George Osborne announced that the approved mileage allowance payments (Amap) rates for an employee using their own car on a business trip will rise to 45p per mile for the first 10,000 miles.After 10,000 miles, the rate will be 25 pence per mile.Alastair Kendrick, director ...
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Analysis
Thought leaders: Academic insights: Flexibility is the key to reducing absence
Absenteeism and presenteeism both need to be tackled by employers, says Ivan RobertsonEvery employee needs to take time off sick now and again, but for the employer, lost time is a problem - sometimes a severe one. According to the Chartered Institute of Personnel and Development’s (CIPD) Annual survey report ...
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Article
Aviva research: Employee wellbeing is primary concern during long-term absence
Over half of employers (61%) said their primary concern when an employee goes on long-term absence is the individual's health and wellbeing, according to Aviva UK Health’s 360 Degree Absence Management study.A further 23% were anxious about the pressure this absence would put on other employees’ workloads.Nearly half (50%) of ...