All Employee Benefits articles in Web Issue – Page 575
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Article
Peugeot Citroen harmonises car scheme
EXCLUSIVE: The PSA Peugeot Citroen Group has harmonised its car scheme so that employees from both its Peugeot and Citroen brands are offered the same number of cars.Previously, Peugeot offered staff at least one leased car as part of its benefits package, while Citroen offered employees up to six cars, ...
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Article
My Family Care launches guide for working fathers
My Family Care has launched a new section within its online Work and Family Space, which is designed to help fathers stay engaged with their workplaces, while dealing with family life.Branded Just for Fathers, the section of its website, which was developed in partnership with the Fatherhood Institute, is aimed ...
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Article
Simplyhealth launches new cash plan
Simplyhealth has launched a new employer paid health plan.This includes free child cover for up to four children under 18 years old, discounted gym membership, online health risk assessments and a dental accident benefit as part of the new plan.Alongside the core plan, employers can also choose from six additional ...
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Article
Childcare workers caught in low pay cycle
Low pay for employees in the early years profession is being caused by current regulations that limit the number of children each staff member can look after, according to a government report.More great childcare: raising quality and giving parents more choice by the Deprartment for Education aims to help parents ...
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Article
Review targets childcare and pensions
The government has issued its Mid-Term Review, which takes stock of the progress made in implementing the Coalition agreement signed in May 2010.The review, which was published on 7 January by prime minister David Cameron and deputy prime minister Nick Clegg, reiterated reforms put forward in the Coalition agreement and ...
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Article
Childcare vouchers influence return to work
The provision of a childcare voucher scheme may influence employees’ decision to return to work following parental leave or to remain with a current employer, according to a survey by Busy Bee Benefits.The survey, carried out among the organisation’s customers, found that 32% of respondents said childcare vouchers had influenced ...
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Article
Mums work four months to cover childcare costs
Mothers working full-time in the South West and West Midlands need to work for 18 weeks and 15 weeks a year, respectively, before they break cover childcare costs, according to research by Family Investments.This found that UK mothers work up to four months of the year just to pay towards ...
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Article
Ince and Co raises GPP take-up
EXCLUSIVE: Ince and Co has seen a 24% increase in employees enrolled in its group personal pension (GPP) plan since it switched providers in preparation for auto-enrolment.The international law firm, which has a staging date of February 2014, replaced its GPP in October 2012 as part of its strategy to ...
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Article
Jelf launches retirement coaching service
Jelf Employee Benefits has launched a retirement coaching service.The service includes coaching for employees on how to make fact-based decisions about retirement and consider financial decisions. It will also cover lifestyle planning issues, such as fitness and diet, as well as managing time and maintaining friendships in retirement.The service is ...
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Article
Regulator consults on DC pensions
The Pensions Regulator (TPR) has opened a consultation on a regulatory framework that will ensure employees in defined contribution (DC) pension schemes get the best return on savings.Its Regulating work-based defined contribution pension schemes consultation sets out six principles and 31 quality features that occupational DC trust-based pension schemes should ...
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Article
Employers to reduce DC contributions
Nearly one in three respondents have considered reducing contribution levels to defined contribution (DC) pension schemes that are used for auto-enrolment, according to research by Aon Hewitt.Its survey found that more respondents are considering lowering contribution levels for non-pension scheme members than in 2011, when one in seven were considering ...
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Article
Pension contributions are flatlining
The average combined pension contributions by employers and employees to small organisations’ defined contribution (DC) pension schemes have remained the same since 2010, according to research by the Association of Consulting Actuaries.The ACA 2012 smaller firms’ pension survey found that combined contributions into trust-based schemes have remained static at 9% ...
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Article
Motiva Group pilots fleet costs projects
Motiva Group is running a series of pilot projects with its existing employer clients to encourage organisations to look at the whole-life costs of their fleets rather than at monthly bills.The fleet management firm has invested in accountancy firm Deloitte’s fleet and car tax analysis system, which allows almost every ...
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Article
FirstGroup uses target date funds for DC plan
FirstGroup is using target-date funds as the default option for its trust-based defined contribution (DC) pension scheme, which will be used to auto-enrol 12,000 employees on 1 April 2013.Speaking at the Employee Benefits Pensions and Workplace Savings Summit on 31 January, John Chilman, group rewards and pensions director at FirstGroup, ...
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Article
OFT launches DC pensions market study
The Office of Fair Trading (OFT) has launched a market study of defined contribution (DC) workplace pension schemes.The study aims to examine whether schemes are set up to provide the best value for money for employees.It will look at:How pension providers compete and how the market develops.Whether there is enough ...
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Article
In-house fleet manager roles down by half
Only 37% of fleets were run by a fleet manager in 2012, down from 66% in 2011, according to research by Alphabet.The Alphabet Fleet management report 2012, which surveyed 250 fleet managers, found that only 4% of respondents involve the HR department in the fleet decision-making process.It also found that ...
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Video
Tim Taylor: The importance of pensions for HR
Tim Taylor, head of reward at Tui Travel, talks to Debi O’Donovan, editor of Employee Benefits, about the importance of pensions as an engagement tool and why HR should not shy away from pensions.Taylor advises HR managers to get on top of the issue of pension plans’ default investment funds ...
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Article
Report published on workplace savings platform selection
Administration, risk control and competitive fees are the three key critical considerations for defined contribution (DC) pension schemes when selecting a platform provider in the UK, according to research by BNY Mellon.Its report, The future of UK DC pension platforms, published in association with Cerulli Associates, surveyed 54 UK pension ...
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Case Studies
Freshfields GP service reduces absence
The service, which offers two afternoon doctor clinics and two afternoon prescribing nurse clinics each week, was introduced to meet employees’ emergency/acute needs, which were not being met by their own doctors, often because of delays in getting an appointment.The law firm has seen an increasing number of international employees ...
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AnalysisIn-house doctors can help reduce sickness absence
IF YOU READ NOTHING ELSE, READ THIS…An in-house doctor service may reduce short-term sickness absence by offering staff earlier GP intervention.An in-house doctor service is particularly useful for employees who have long commutes to work.Good communication between employers and local doctors can positively impact sickness absence levels.Job cuts and recruitment ...