All Employee Benefits articles in Web Issue – Page 570
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Article
Government delays fuel duty increase
Autumn Statement 2012: The government is to delay the £3.02p per litre fuel duty increase planned for 1 January 2013 to 1 September 2013.This means that there will be only one fuel duty increase in 2013, and that subsequent increases will take effect on 1 September each year instead of ...
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Dennis Publishing reviews GPP
EXCLUSIVE: Dennis Publishing has completed a review to ensure its group personal pension (GPP) plan is auto-enrolment compliant, a year ahead of its staging date in January 2014.Alison Hunter, HR director at Dennis Publishing, said: “We’ve done a lot of compliance work with our pension scheme to make sure it ...
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Edenred launches webinars for working parents
Edenred has launched a series of webinars for working parents as the latest addition to its Parent Hub. The hub, which was launched in September 2012, is an online advice channel for employers to offer to working parents. The content of the new webinars is based on feedback from working ...
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Employees not saving enough for retirement
Only 16% of respondents believe their employees are saving enough for their retirement, according to research by Wealth at Work.Its Rethink retirement survey 2012 found that just 18% of respondents said their employees are aware of the various retirement income options available to them.The research also found that 71% of ...
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PMI popular for expatriate employees
When considering benefits packages for staff overseas, private medical insurance (PMI) was the most popular option, cited by nearly a third (32%) of respondents to research by international healthcare provider Expacare.Its research, Anatomy of an international business, found that share options (30%) and relocation allowance (24%) were also popular benefits ...
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Ernst and Young named inclusive employer
Ernst and Young has been named one of the UK’s most admired employers for its approach to diversity and inclusiveness, according to a report by the Chartered Institute of Personnel and Development (CIPD) and Bernard Hodes.Respondents to the Diversity and inclusion – fringe or fundamental? report also named BT, Barclays, ...
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William Russell enhances global PMI products
William Russell has increased the options available on its international private medical insurance (PMI) products.From January 2013, members of its gold and silver plans will be able to claim back the cost of health checks and vaccinations of their choosing. Gold plan members will also be able to claim an ...
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Gender pay gap widens for working parents
The average pay gap between men and women is greater in families with one or more children, according to research by the Organisation for Economic Co-operation and Development (OECD).Its Closing the gender gap: act now report found that, in OECD countries men earn on average 16% more than women in ...
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Ocado launches online reward portal
EXCLUSIVE: Ocado is to replace its benefits booklet witth an online reward portal to increase staff perception of the benefits package.Under the overarching umbrella of OcadoRewards, the portal will have three separate streams: OcadoBenefits, which lists the core benefits, such as its pension, share scheme, healthcare, life insurance and critical ...
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Tax legislation for share plans set out
The government has published draft tax legislation around share schemes, which will be included in the Finance Bill 2013.This includes measures announced in, and following, the March 2012 Budget and the Autumn Statement announced in December 2012. It is open for technical consultation until 6 February 2013.The measures include:Changes to ...
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Scottish Life launches auto-enrolment product
Scottish Life has launched its auto-enrolment product, which is based around three core phases: the design, the implementation and the ongoing running of an auto-enrolment-compliant pension scheme.The design element includes the assessment and modeling of options for pension scheme design; the implement element includes project planning and support with implementation; ...
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Executive pay increases while other salaries stagnate
Executive pay has increased by an average of 12%, while the pay of British workers has stagnated across the economy, rising by an average of just 2.8%, according to research by the High Pay Centre.In its research, The state of pay, the independent think tank said the deals were part ...
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Article
Blue Arrow selects plan for auto-enrolment
The Blue Arrow Group has appointed a provider for its auto-enrolment pension scheme.The recruitment firm, which has 30,000 employees, will provide eligible staff with the multi-employer trust from Now: Pensions from its staging date in January 2013.Mark Manaton, managing director at the Blue Arrow Group, said: “Now: Pensions’ Trust is ...
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William Grant and Sons raises staff engagement
EXCLUSIVE: William Grant and Sons has increased employee engagement with its reward package over the past two years.The majority (86%) of the distillery’s 1,600 staff participated in its employee engagement survey, provided by Towers Watson.In the reward category, William Grant and Sons’ results have risen six percentage points since 2010. ...
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Employers adopt real-time information early
Business software provider M-hance has run real-time information (RTI) pilots with five employers to prepare them for the incoming regulations.The early-adopter organisations are A. Andrews and Sons, AD Group, Edburton Contractors, Norking Alluminium and Randall Orchard.M-Hance has also updated its payroll software to ensure it is compliant with RTI, ensuring ...
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More pension funds engaging with stewardship
More than seven out of ten respondents (71%) took stewardship activities and policies of asset managers into account when selecting them, according to research by the National Association of Pension Funds (NAPF).The NAPF Annual engagement survey found that the number of respondents considering stewardship activities increased from 48% in 2011 ...
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Aon Hewitt adds to flexible benefits team
Aon Hewitt has appointed Andrew Woolnough client development director, benefits administration, in its flexible benefits team.Woolnough moves to the consultancy from his previous role as head of flexible benefits at Enrich Reward. He has worked in reward and flexible benefits for more than 10 years.Prior to Enrich, he was partner ...
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UK pay stagnates for entry-level and clerical roles
Average pay for UK employees in clerical and entry-level professional roles stagnated in 2012, while more experienced professionals saw average pay rises of 6%, according to research by Towers Watson.Its Global 50 remuneration planning report provided a breakdown of pay movements by job level, looking at the pay and benefits ...
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Starbucks makes changes to staff benefits
Starbucks’ employees have been asked to sign revised employment terms, which include the addition of a contributory pension scheme, the removal of paid lunch breaks, and changes to sick leave and maternity benefits.The changes will affect around 7,000 staff at 750 UK coffee shops.A consultation with peer-selected employees from across ...
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Autumn Statement summary to come
The Employee Benefits’ team will be reporting on the Autumn Statement this afternoon.Stay tuned for breaking news and an email alert summarising all announcements that impact on reward and benefits.