All Employee Benefits articles in Web Issue – Page 585
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Article
Duncan Brown: A chilling tale of shifting fortunes
The eurozone’s third quarter of double-dip recession and disappointing UK industrial output figures were accompanied by news of 13% growth at luxury brand Burberry and record sales at Rolls-Royce.Who stole the American Dream? by Pulitzer prize-winning journalist Hedrick Smith, published last year, charts US economic history since the Second World ...
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Article
Cary Cooper: Do team incentives really work?
This prolonged recession means staff are focusing more and more on survival. This type of scenario often leads to people looking after their own career, whether that means protecting their own job or promotion prospects.It is difficult, in this context, for managers to initiate change, which is vital when times ...
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Article
Health Cash Plans (February 2013)
Article include:What’s on offer in the health cash plan market?Health cash plans versus private medical insuranceCheck health cash plans’ small printQuirky requests for health cash plan coverComplementary health perks at Dennis PublishingDownload PDF of Health Cash Plans Report 2013.
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Article
Aria Assistance launches travel risk service
Aria Assistance has launched a range of travel risk management services for multi-national employers to provide for expatriate or travelling employees.The service includes a tailored travel risk information portal, which helps users to understand and mitigate the risks they might face when working in an unfamiliar location.Additional medical and security ...
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Article
Third of FTSE 100 to freeze executive pay
More than a third (38%) of FTSE 100 companies surveyed are planning to freeze salaries for executive directors in 2013, according to research by PricewaterhouseCoopers (PWC).Its research, which surveyed heads of reward, executive board members, HR directors and remuneration committee chairman in 40 FTSE 100 companies, found that salary increases, ...
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Article
DB pension schemes close at record rate
Defined benefit (DB) pension schemes in the private sector are closing to new members at the fastest rate on record, according to research by the National Association of Pension Funds (NAPF).The NAPF Annual survey, which was conducted among 1,018 pension schemes with a total of nine million members, found that ...
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Article
Employers should look after health at work
More than two-thirds (68%) of respondents believe their employer should take responsibility for general health at work, according to research by the British Heart Foundation (BHF).The research, published to coincide with the run-up to National Heart Month from 1 February, surveyed more than 1,200 working adults about their views on ...
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Article
Older workers bring advantages and challenges
One-third of employer respondents have seen the average age of their workforce increase over the last year, according to research by industry body Group Risk Development (Grid).Its Group risk employer research study 2012 found that the removal of the default retirement age (DRA) in April 2011 has allowed 25% of ...
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Article
Tullett Prebon delays bonuses for senior staff
Broker Tullett Prebon has agreed to delay bonus payments for senior executives to enable them to take advantage of the reduction in the higher-rate income tax from 50% to 45% in April.It offered the option to eligible employees following staff requests. Of the eligible group, 5% chose to delay their ...
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Analysis
Slides: Employee Benefits Pensions and Workplace Savings Summit 2013
NOTE: slides are only for delegates to this event and may not be distrubuted without the presenters’ permission.Slides for Thursday 31 January 201310:30 – 11:00Latest Workplace Savings Policy Developments Bridget Micklem, Head of Private Pensions Policy and Analysis, Department for Work & PensionsSLIDES NOT AVAILABLE11:00 – 11:40Caveat Venditor – The ...
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Article
Cigna launches health plans for oil and gas workers
Cigna Global Health Benefits Europe has launched a range of health plans designed for rig workers in the oil and gas sector.The Cigna Energy Plans offer three levels of cover: core, advanced and ultra. Employers can cover employees worldwide with the choice of either including or excluding the US.Dependents can ...
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Article
Tune in for live news from the Pensions and Workplace Savings Summit
The Employee Benefits team will be reporting live from the annual Employee Benefits Pensions and Workplace Savings Summit at the Four Seasons in Hampshire.The event, which will take place on 31 January and 1 February, will cover the crucial issues affecting workplace pensions and the future of workplace savings.Speakers include: ...
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Article
Verbal praise motivates employees
EXCLUSIVE: Giving staff verbal praise can have a significant impact on employees motivation, especially in a year when pay rises may be off the agenda, according to research by employee engagement organisation People Insight.Its research, How cash-strapped businesses can motivate staff without the need for a pay rise, was compiled ...
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Article
Engineering partnership launches EBT
Marine Engineering Partnership (Mepship) has established an employee benefit trust (EBT) to become a wholly employee-owned organisation.The engineering consultancy was advised by Field Fisher Waterhouse in the establishment of the trust. The project team was led by Graham Nuttall, employee ownership and mutuals partner, and author of the Nuttall Review ...
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Article
Auto-enrolment will improve engagement
More than half (63%) of respondents agree with the idea of auto-enrolment, according to research by the national employment savings trust (Nest).Its Nest insight report, which draws on five years’ worth of research and evidence from a number of sources, including its own research, found that 67% of respondents agree ...
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Article
Pension deficits rise to £550 billion
Pension deficits rose by more than a third to £550 billion in 2012, according to research by Xafinity Corporate Solutions.The research, which is based on all UK defined benefit (DB) pension schemes using FRS17 and IAS19 accounting rules, found that, despite some brief optimism in September 2012, annual deficits ended ...
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Article
One Housing Group staff face pay cuts
Employees at One Housing Group will be balloted for industrial action following the housing association’s proposal to cut pay for 250 frontline staff.The pay cuts would come into effect from February 2014.One Housing Group has also divided its employees into two zones, those based in inner and outer London, with ...
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Article
Very few MPs use payroll giving
Just nine out of 650 members of Parliament (MPs) currently donate to charity directly from their pay, up from four out of 646 in 2008.The information was gathered through a Freedom of Information request by Geared for Giving.Payroll giving, a scheme introduced in 1987, enables UK employees to donate to ...
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Article
FSA launches review of annuities market
The Financial Services Association (FSA) has announced it is carrying out a thematic review into annuities.The review will look at the risk of detriment that consumers may face as a result of not shopping around when purchasing an annuity.The review began earlier in January 2013 with discussions about a thematic ...
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Article
Annuity pricing review sparks debate
The Financial Services Authority (FSA) review into pricing in the annuity market prompted discussions at the Employee Benefits Pensions and Workplace Savings Summit on 31 January 2013.Chairing a panel debate on whether auto-enrolment will lead to better retirement outcomes for employees, Debi O’Donovan, editor of Employee Benefits, raised the issue ...