All Employee Benefits articles in Web Issue – Page 586
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Article
Three key drivers for auto-enrolment success
Creating the best environment to make auto-enrolment a success will depend on three key factors, according to Bridget Micklem, head of private pensions policy and analysis at the Department for Work and Pensions (DWP).Firstly, awareness of the importance of auto-enrolment must be maintained in order to maximise engagement with the ...
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Article
DWP in consultancy charge review
The Department for Work and Pensions (DWP) is in the midst of a review of consultancy charges, which it deems a legitimate risk to employees’ pensions pots.Speaking at the Employee Benefits Pensions and Workplace Savings Summit on 31 January, Bridget Micklem, head of private pensions, policy and analysis at the ...
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Article
Majority of 2013 retirees would continue working
Nearly six in ten (57%) employee respondents retiring in 2013 would consider working past the state pension age, according to research by Prudential.Its Class of 2013 research found that 40% of these respondents would want to work in full-time employment and 60% would consider working part-time.It also found that 55% ...
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Video
Jamie Jenkins: What HR needs to consider about default funds
Jamie Jenkins, head of workplace strategy at Standard Life, speaks to Debi O’Donovan, editor of Employee Benefits, about the importance of employers engaging in the type of funds their pension scheme members are invested in.Auto-enrolment rules mean that millions of employees will be coming into pension schemes for the very ...
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Article
Employers in Northern Ireland fail to tackle absence
Less than half (48%) of organisations surveyed in Northern Ireland have actively taken steps to reduce the number or duration of employee absences, according to research by investment advisory firm Kerr Henderson, group risk insurer Ellipse and private medical insurer H3 Insurance.The Employee benefits survey, which was completed by almost ...
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Article
Tax incentives could control sickness absence
The majority (90%) of employer respondents would like to see tax incentives introduced for all forms of healthcare-related employee benefits, according to research by Jelf Employee Benefits.The research aimed to identify the right benefits for such tax incentives by asking employers which healthcare-related benefits would most assist organisations in managing ...
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Article
Computershare to acquire Morgan Stanley’s EMEA shares business
Computershare is to acquire the Europe, Middle East and Africa (EMEA) portion of Morgan Stanley’s global share plan services business.The business provides recordkeeping, administration and trade executive services for corporate shares and option-based compensation plans to a range of EMEA-based employers. It administers accounts for approximately 235,000 employee participants.The acquisition ...
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Article
Employers not trusted to provide financial advice
One in five (19%) respondents do not trust their employer to provide financial advice or planning, according to research by Deloitte.Bridging the advice gap: delivering investment products in a post-RDR world, which surveyed more than 2,000 employees, found that workplace saving could become a growing market for advisers and providers ...
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Article
Tusker launches portal to aid driver choice
Fleet provider Tusker has launched a site to help drivers select the most suitable car through a salary sacrifice scheme. The site includes an image gallery, independent road test and review information on each car from car-buying guide What Car? It also includes a page that allows employees to select ...
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Article
Over a third of delegates review default fund annually
Reviews of default fund are being carried out annually by 39% of delegates at the Employee Benefits Pensions and Workplace Savings 2013.The poll on default funds taken on the second day of the summit, 1 February, found that 11% of delegates review their pension scheme default fund several times a ...
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Article
Unum launches benefits app
Unum has launched an application (app) that enables employers to model their benefits package to see what it is able to offer without increasing its spend.Using the app, an employer enters details about its business and can then see how changing the levels and types of benefits it offers can ...
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Article
Guide Dogs closes DB plan and prepares for auto-enrolment
EXCLUSIVE: Guide Dogs has closed its final salary pension scheme to future accrual.The charity held a 90-day consultation with its defined benefit (DB) pension scheme members about the closure of the scheme between September and November 2012. The scheme was closed to future accrual on 31 December 2012.Justin Keppler, pension ...
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Article
Barclays awarded for family-friendly policies
Barclays and Plantronics have won accolades for their family-friendly policies at the Family Friendly Awards, hosted by the Family and Parenting Institute and Daycare Trust.Barclays won the award for private sector employee engagement for its maternity, paternity, flexible working and carer policies.Plantronics was presented with the award for family-friendly innovation ...
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Article
M&C Saatchi awards shares to executives
M&C Saatchi has granted share awards to four of its executive directors under its long-term incentive plan (L-tip), which vested on 31 December 2012.The awards reflect the achievement of targets for both share price performance and total shareholder return conditions.When the L-tip was adopted, each of the participants paid £97,250 ...
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Article
Barclays C&ES launches pensions platform
Barclays Corporate and Employer Solutions (C&ES) division has launched a pensions platform in partnership with Aegon and Zurich.This will provide employers with access to Barclays Wealth and Investment Management’s investment funds, which are suitable for use by employees as default investment options.The offering is being overseen by Katharine Photiou, who ...
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Article
HSBC consults on benefits changes
HSBC is consultating with its UK employees on changes to their employment terms and benefits, including the proposed closure of its final salary pension scheme to future accrual, and improvements to the income protection scheme, maternity and paternity pay.The consultation, which will close at the end of March 2013, is ...
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Video
Jane Richards: Top tips on procuring benefits
Jane Richards, reward technical partner, wealth, at the Royal Bank of Scotland, aligned to Coutts, talks to Debi O’Donovan, editor at Employee Benefits, about the aspects benefits and HR managers should consider when procuring benefits.Whether to do-it-yourself, or use a broker or consultant, will be heavily influenced by how experienced ...
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Article
Co-operative Flexible Benefits and Zenith partner on car product
Co-operative Flexible Benefits and Zenith have partnered to launch a low-emission salary sacrifice car scheme.The Green Car Scheme will enable employers to offer employees access to Zenith’s quoting platform, which allows them to see personalised quotes on a range of cars and accessories, and place and track their order on-line.Debbie ...
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Article
Government unveils Children and Families Bill
The government has published the Children and Families Bill that will introduce shared parental leave and extend flexible working to all employees.The bill will implement the parental leave and flexible working commitments the government made in November 2012 in its response to the Modern workplaces consultation.Under the new measures, working ...
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Article
Public sector pensions could cost billions
Pensions for public sector workers could cost taxpayers up to £41 billion a year, according to research by the Centre for Policy Studies.Its report, A toxic tangle, found that this figure would be comprised of at least £17 billion in employer contributions and at least £15 billion to cover cashflow ...