All Employee Benefits articles in Web Issue – Page 500
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Analysis
Workplace Savings Industry Forum: Get equipped to meet your duties
Choosing the right technology and a suitable partner can ease employers’ burden in complying with auto-enrolment, says Peter GlancyEmployees across the UK are not saving enough for their retirement, with only half the population preparing adequately and one in five doing nothing at all, according to Scottish Widows’ 2011 Pension ...
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Article
EXCLUSIVE: Esop and MAS team up to educate employees
The Employee Share Ownership (Esop) Centre has partnered the Money Advice Service (MAS) to highlight the importance of financial education to employers.Both bodies plan to lobby the government for more promotion of, and support for, financial education. David Poole, UK director at Esop, said: “Everyone knows financial education is a ...
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Analysis
Workplace Savings: Pensions given greater priority by employers
If you read nothing else, read this... Auto-enrolment means all employers will be forced to offer a pension scheme to qualifying employees irrespective of any other benefits offered. More and more employers are segmenting their workforces, offering more generous pension benefits to those that value them. Reward budgets are being ...
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Article
Informa gets set for pension reforms
Informa has renegotiated the annual management charge (AMC) on its group personal pension (GPP), and is introducing a pensions governance committee and financial education sessions in the run-up to auto-enrolment.The changes follow a market review the publishing and events firm conducted with its pension provider, Friends Life, to ensure it ...
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Opinion
Malcolm Hurlston: Is it time to update the restrictions on sharesave schemes?
Companies introduce sharesave schemes to encourage the savings habit in their employees, and to provide corporate glue around their share price. They have been around for more than 30 years, are popular and employees are comfortable with how they work.Some might say it is best not to change a winning ...
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Analysis
Workplace Savings: Joined-up thinking needed for workplace savings
If you read nothing else, read this... The workplace offers short-term savings options through SAYE share schemes, long-term savings through a pension and medium-term savings via a workplace Isa. These are simple, cost-effective and appeal to a broad spectrum of employees. They can work well alongside existing benefits. They can ...
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Article
Workplace Savings Quarterly News
A round-up of the latest news, case studies and research around workplace savings:Workplace Savings News: Employers are favouring corporate platformsWorkplace Savings News: The Platforum offers guide on corporate platformsWorkplace Savings News: BT share price rise poses CGT problem for saversWorkplace Savings News: Informa offers three-tiered savings choice for staffWorkplace Savings ...
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Opinion
Peter Vassallo: Is it time to update the restrictions on sharesave schemes?
Yes. The contribution limits on sharesave schemes have remained unchanged since the early days of the scheme. At that time, there was probably a view on how much of an employee’s income it was prudent for them to save for investment in the shares of their own employer.Unless that view ...
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Analysis
Workplace Savings Roundtable: Taking the platform
Employee Benefits and The Platforum assembled a panel of corporate platform providers to discuss developments and prospects for this new benefits delivery medium. Padraig Floyd reportsCorporate platforms enable employers to better manage and communicate their workplace savings benefits to employees. But one size does not fit all. Small employers may ...
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Article
Employee Benefits/Towers Watson Flexible Benefits Research 2012: Alternatives to flex
Employers continue to be keen on standalone tax-efficient benefits, and interest is growing in total reward statements for employees, says Tynan BartonThe economic climate remains in a state of uncertainty, and it is perhaps because of this that one of the main reasons respondents that have considered implementing flex give ...
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Article
Employee Benefits/Towers Watson Flexible Benefits Research 2012: Administration
As the complexity of flexible benefits schemes increases, a growing number of employers are fully or partly outsourcing plan administration, says Tynan BartonImplementing a flex scheme can be a huge administrative task, so responsibilities are often split between in-house and outsourced resources.This year, it is an almost even divide, but ...
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Article
Employee Benefits/Towers Watson Flexible Benefits Research 2012: Impact of legislation
Employers are finally coming to grips with how to adapt their flexible benefits systems to accommodate the arrival of pensions auto-enrolment, says Tynan BartonThe introduction of auto-enrolment from this October will see many employees enter a pension scheme for the first time, with both employers and employees making compulsory contributions.Back ...
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Article
Employee Benefits/Towers Watson Flexible Benefits Research 2012: Tax-efficient benefits
Changes in tax legislation have made employers more wary about certain benefits, but any tax and NI savings are a strong draw in straitened times, says Tynan BartonSome 85% of employers offer tax-efficient benefits through flex, a small drop from the 90% that did so in 2011. In 2008, this ...
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Article
Employee Benefits/Towers Watson Flexible Benefits Research 2012: Benefits on offer
The number of benefits employers offer through flex is increasing, and childcare vouchers continue to top the table for popularity, says Tynan BartonOffering a voluntary benefits plan or tax-efficient benefits through salary sacrifice arrangements remain the most popular precursors to introducing a flexible benefits scheme.In providing flex, employers must strike ...
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Article
Employee Benefits/Towers Watson Flexible Benefits Research 2012: Structure
More employers are extending flex to staff based overseas, and younger employees are more likely to want to trade their benefits down for cash, says Tynan BartonThe structure of flexible benefits schemes has remained largely unchanged over the years. Back in 2009, the most common way that schemes were structured ...
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Article
Employee Benefits/Towers Watson Flexible Benefits Research 2012: Attitudes
Many employers expect to focus on tax-efficient benefits and better promotion of flex in the year ahead as the economy continues to struggle, says Tynan BartonMost respondents believe a flexible benefits scheme adds value to a business by enabling staff to choose perks that best suit their lifestyles and needs. ...
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Article
Employee Benefits/Towers Watson Flexible Benefits Research 2012: Key findings
This survey, carried out in January 2012, is based on 310 responses from Employee Benefits’ readers and users of www.employeebenefits.co.ukRead more flexible benefits research
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Article
Employee Benefits/Towers Watson Flexible Benefits Research 2012: Sponsor's comment: Flexible thinking is required
Paul Brown, senior consultant at Towers Watson, calls on employers to make the most of flexible benefits as the economic challenges continueWith the euro crisis continuing to hit the headlines and the UK economy threatening to slide back into recession, there seems no end to the economic gloom. Unless employees ...
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Article
Employee Benefits/Towers Watson Flexible Benefits Research 2012
Download a PDF of the Employee Benefits/Towers Watson Flexible Benefits Research 2012 Sponsor’s commentKey findingsAttitudesStructureBenefits on offerTax-efficient benefitsImpact of legislationAdministrationAlternatives to flexEditor’s commentWith one of the biggest pensions changes in recent history due to begin taking effect from October this year, it is perhaps unsurprising that many employers are currently ...
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Article
34% of respondents unprepared for auto-enrolment
Employers in the UK are unprepared for auto-enrolment and pensions are a “ticking time bomb” in their organisations, say HR and payroll providers.NorthgateArinso research shows 34% of businesses are totally unprepared for auto-enrolment. However, 65% are largely unconcerned by the new regulations, while nine out of 10 see it as ...