All Employee Benefits articles in Web Issue – Page 545
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Employee Benefits unveils new website
Employee Benefits has unveiled phase one of its new-look website.In response to research, the site, www.employeebenefits.co.uk, now includes a compliance section covering the tax and legislation issues benefits professionals need to be aware of.It will still offer resources on benefits best practice, research benchmarking and case studies from employers.Besides offering ...
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Stagecoach staff take advantage of bikes scheme
Stagecoach Group employees have benefited from £1-million worth of new bikes as part of the organisation’s bikes-for-work scheme.The bus and coach organisation has also improved the facilities at its bus depots for staff who cycle to work by introducing better bike racks, lockers and showers.Employees can choose from 140 bikes ...
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Small employers could face RTI penalties
Small organisations and those that employ casual staff could suffer under real-time information (RTI) reporting, particularly from the on-or-before payment requirement.It requires the employer to submit information to HM Revenue and Customs (HMRC) each time they pay an employee. For example, when a catering company that uses casual staff to ...
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The Pensions Trust to launch multi-employer pension
The Pensions Trust will launch a defined contribution (DC) multi-employer pension scheme for the voluntary sector.SmarterPensions, which will be rolled out in early 2013, will provide a platform for employers’ qualifying workplace pension schemes.Stephen Nichols, chief executive at The Pensions Trust, said: “Over the last year, we have listened to ...
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Strange requests for Best Western staff
Something for the weekend…Employees can be asked to undertake different tasks throughout their working day, perhaps even outside their normal duties, but it is unlikely to involve tracking down a friendly ferret.However, if you are working at a Best Western hotel, it may not be the strangest request you receive.The ...
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Public sector pensions bill published
The government has published the Public Service Pensions Bill 2013, which is forecast to save £65 billion over the next fifty years and aims to reduce public sector pension scheme costs by around half.The Independent Public Service Pensions Commission published its final report in March 2011. The government accepted its ...
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New global markets dominate foreign assignments
This article has been written by our channel sponsor, AvivaUK employers are looking further afield to exploit new business opportunities in the globalised marketplace, according to latest research from Aviva. The survey finds that 58% of employers sending staff overseas are posting employees to new locations, with the emerging ‘BRIC’ ...
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Reviewing your benefits? Attend the Market Updates sessions at Employee Benefits Live 2012
This new visitor attraction offers bite-size short sessions to get you up to speed with the latest market trends in these key benefit areas: bikes for work, administration systems; total reward statements, childcare vouchers, share schemes, contract-based pensions, private medical insurance, employee assistance programmes and group risk.All sessions are FREE ...
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Attend free conference sessions at Employee Benefits Live 2012
Employee Benefits Live offers visitors a free-to-attend high level conference which is designed to give you maximum flexibility to choose your sessions and bespoke your own programme.Two ground-breaking keynote sessions and nearly 40 practical sessions on all benefits topics from total reward and flexible benfits to pensions and employee healthcare.Book ...
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Optimise your reward strategy at Employee Benefits Live 2012
This year, with the move to Olympia National Hall, the Show is set to be bigger and better than ever. With over 38 Conference sessions, over 100 leading reward and benefits providers and lots of brand new Show features this is a must attend event for anyone in the benefits, ...
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Winners of the Employee Benefits Awards 2012
Asda, BT, Kraft Foods and McDonald’s Restaurants were among the winners at the 2012 Employee Benefits Awards.Read details on why our winners won, and which organisations made the runners up lists in our special publication ‘The winners 2012’ (click on the image of the cover).
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Opinions on offering DC pensions differ
Employers and employees hold differing opinions on why organisations offer defined contribution (DC) pension schemes, according to research by consultants and actuaries Hymans Robertson.The state of DC in 2012 report found that more than half (54%) of HR and finance directors who responded to the survey said they run DC ...
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Barclays to link bonuses to new business strategy
Barclays Group is to adapt its bonus and compensation structure to link it to its new business strategy.In a memo to the bank’s 140,000 staff, Barclay Group’s new chief executive Anthony Jenkins, said: “How we do business, our impact as a company, and adherence to our values, will be considered ...
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Ageing workforce will impact health benefits
More than a third (38%) of respondents said that ageing workforce health issues will impact their organisation, according to research by Aviva.Its annual Health of the workplace report, which surveyed 1,000 UK employers and 1,000 employees, also found that 29% of respondents said they are already seeing a rise in ...
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ECJ to examine VAT on DB pensions
The European Court of Justice (ECJ) will examine whether defined benefit (DB) pension schemes should pay value-added tax (VAT) on investment management services.The case under examination involves Wheels Common Investment Fund (WCIF), a multi-employer scheme, and the National Association of Pension Funds (NAPF), after a tribunal in London in February ...
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MOD staff share £30m bonus pot
Ministry of Defence (MOD) employees will receive bonuses worth a total of £30 million for the year 2011-12, down from £43 million for the previous year.The performance-related bonus, which was introduced by the former Labour government, will be paid out to 96% of employees.The average bonus for junior staff stands ...
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Ashmore Group raises pensions take-up with wrap
Ashmore Group has seen a 43% increase in the number of staff making voluntary contributions to their pension schemes since the launch of a corporate wrap.The Corporate Vantage scheme, provided by Hargreaves Lansdown, was introduced to replace the investment management firm’s existing group self-invested personal pension (Sipp) arrangement.Employees are able ...
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Total pension membership in UK is 27.2m
In 2011, the estimated total membership of occupational pension schemes in the UK was 27.2 million, the same as 2010, according to research by the Office for National Statistics (ONS).The 2011 Occupational pension scheme survey, which includes a range of information on membership, contribution rates and changes to pension schemes, ...
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Mazars acquires benefits consultancies
Mazars Financial Planning has acquired employee benefits consultancy Citrus4Benefits, and pension and risk provider Surf and Consult.Citrus4Benefits was established in 2009 by Tim Gillingham and Howard Finch, while Surf and Consult was established in 2006 by Tim Gillingham. Both businesses will be integrated into Mazars’ financial planning and advisory business.Ian ...
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Scottish Widows launches auto- enrolment product
Scottish Widows has launched an auto-enrolment product to help employers of all sizes comply with the incoming auto-enrolment legislation.AssistMe, which is powered by technology by SBC Systems, will enable employers to add other pension schemes, such as The People’s Pension or the national employment savings trust (Nest), alongside Scottish Widows’ ...