All Employee Benefits articles in Web Issue – Page 411
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Mercer research: European pension funds concerned about inflation
European pension funds are increasingly worried about the potential impact of inflation shocks on their portfolios as markets remain volatile, according to research conducted by Mercer.The consultancy's annual European Asset Allocation Survey of more than 1,100 European pension funds found that 80% of respondents are now more concerned about the ...
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Pension scheme deficits fall for private sector schemes
Pension scheme deficits for private sector schemes in the UK have fallen from £166 billion to £73 billion, according to JLT Pension Capital Strategies.The consultancy's monthly index showed, as of 30 April 2011, assets for all schemes stood at £1,010 billion, compared to £925 billion for the same period in ...
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EEF/Westfield Health research: Sickness absence levels fall
The level of sickness absence has fallen from an average of 6.7 days in 2007 to five days in 2010, according to a survey from the EEF and Westfield Health.The EEF/Westfield Health 2011 Sickness Absence Survey shows a direct correlation between the organisations with strategies in place to train managers ...
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BDO Investment Management rebrands
Wealth management and benefits provider BDO Investment Management has rebranded as Broadstone Pensions and Investments.The name was chosen as part of efforts to improve standards in financial services, while increasing clarity and transparency.David Pitman, chief executive officer of Broadstone Pensions and Investments, said: "This is more than a change of ...
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Nest Corporation appoints chairs for its employer and member panels
The National Employment Savings Trust (Nest) has appointed the first chairs of its employer and member panels.Paul Jagger, MBE, has been appointed chair of the Nest employer panel and Museji Takolia, CBE, has been appointed chair of the Nest member panel.Jagger is currently chair of Barnsley Lift Company; a non-executive ...
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Employee Benefits/JLT Employee Benefit Solutions pensions roundtable discussion 2011
Download a PDF of the Employee Benefits/JLT Pensions Auto-enrolment roundtable discussionView 10 minute video of auto-enrolment discussionAddressing the pensions crisisFactoring in costs of auto-enrolmentRobust processesNo mixed messagesDon’t be casual about workers’ pensionsSponsor’s comment: Improving auto-enrolment outcomesEditor’s commentOne of the biggest changes to affect the reward packages of the majority of ...
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Benefits Research 2011: Responsibility for and branding of benefits
Who is responsible for organisations' benefits decisions has changed little in recent years. As reward, compensation and benefits have increasingly been recognised as an HR specialism, the profession has seen a rise in status. This is reflected in an increase in responsibility given to compensation and benefits or reward directors ...
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Benefits Research 2011: How employers offer benefits
Most employers still offer traditional core benefits to at least some of their employees. But beyond this, where employers offer benefits through another mechanism, the market has seen a significant shift in the way perks are offered, largely because of product and provider evolution.In recent years, this has resulted in ...
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Benefits Research 2011: Core benefits provision
Apart from the occasional switching of the benefits in first and second place, there has been little change in the top core benefits offered to all staff over the past seven years. This year, life assurance (also known as death in service) is the most commonly offered core benefit just ...
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Benefits Research 2011: Voluntary benefits provision
Voluntary benefits schemes have advantages for both employers and employees. For employers, they can be a cheap, cost-effective way to offer benefits, particularly if budgets are limited, or they are looking to provide something extra at little additional cost. For employees, voluntary benefits can help stretch their salaries a bit ...
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Benefits Research 2011: Benefits offered through salary sacrifice
Given the tax and national insurance (NI) savings that are up for grabs when offering tax-efficient benefits through salary sacrifice, it is perhaps not surprising that 93% of respondents offer benefits on this basis to some, if not all, of their workforce. This is a rise of six percentage points ...
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Benefits Research 2011: Flexible benefits provision
Flexible benefits schemes have attracted a lot of attention from employers, but this has been relatively slow to translate into action. Although the number of employers offering flex schemes continues to rise, it has typically been at a much slower rate than for voluntary and salary sacrifice schemes. This year, ...
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Benefits Research 2011: Changes employers have made to their benefits package
Despite the continuing tough economic conditions, just under half (45%) of respondents to this year's survey have introduced a new benefit in the past year.Ensuring that a benefits package remains fresh and relevant to employees is a surefire way of keeping staff engaged and interested in what is on offer. ...
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Benefits Research 2011: Legislation
After being in the pipeline for a number of years, the Pensions Act 2008 is now looming large, with the legislation set to come into effect for the first tranche of organisations next year. This will see the introduction of automatic enrolment to a qualifying pension scheme, compulsory minimum employer ...
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Benefits Research 2011: Key findings
The aim of this study was to find out which benefits UK employers offer to their staff and how these are delivered. We wanted to find out the impact of the benefits strategies employers use and the issues that shape them, including how legislation such as the forthcoming pension reforms ...
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Benefits Research 2011: Sponsor's comment: A delicate balancing act
The struggling economy is still dictating many employers' actions on benefits, says Stephen Watson, head of defined contribution at Alexander Forbes Consultants and Actuaries.Regardless of employer size, a common theme emerges from this year's research – the very real twin challenges all organisations are facing: to increase productivity levels while, ...
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Employee Benefits/Alexander Forbes Benefits Research 2011
Download a PDF of the Employee Benefits/Alexander Forbes Benefits Research 2011Benefits research 2011: Key findingsBenefits research 2011: Benefits strategiesBenefits research 2011: Responsibility for and branding of benefitsBenefits research 2011: How employers offer benefitsBenefits research 2011: Core benefits provisionBenefits research 2011: Voluntary benefits provisionBenefits research 2011: Benefits offered through salary sacrificeBenefits ...
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Pensions auto-enrolment: Don't be casual about workers' pensions
If you read nothing else, read this… Contributions will be refunded to those who give notice during opt-out periods. Nest has been talking to recruitment firms to develop agency worker plans.Globalisation and the expansion of the European Union has led to increasing numbers of seasonal and casual workers, so how ...
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JP Morgan appoints Adam Brooke
JP Morgan has appointed Adam Brooke vice-president of UK employee benefits.†Brooke was previously employee benefits manager at law firm Freshfields Bruckhaus Deringer.Read more about jobs
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Standard Chartered considers adding sharesave plan to corporate wrap platform
?Standard Chartered is considering adding a sharesave plan and a range of investment funds for higher-rate taxpayers to its corporate wrap platform.The bank wants to provide more options for staff affected by tax changes, including the cut in the annual tax-free pension contribution allowance from £255,000 to £50,000.David Curtis, group ...