All Employee Benefits articles in Web Issue – Page 633
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Article
Kodak pension plan settlement approved
The UK Kodak Pension Plan (KPP) has had its settlement agreement approved by the US Bankruptcy Court for the Southern District of New York.Under the agreement, which was announced on 29 April, Kodak’s personalised imaging (PI) and document imaging (DI) businesses will be spun off under the ownership of KPP.Steven ...
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Analysis
Employee Benefits Summit 2013 speaker slides
Restoring Confidence in PensionsStephen Gay, Director of Life, Savings and Protection, Association of British InsurersSLIDES NOT AVAILABLEPanel: The Future of Executive Pay and BonusesDeborah Hargreaves, Director, High Pay CentreRoger Barker, Director of Corporate Governance and Professional Standards, Institute of DirectorsClaire Morland, Former Head of Compensation, Man GroupNO SLIDESHow Can Engagement ...
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Article
Group risk report 2013
PDF version of Group risk report 2013Ot read the articles online:David Williams: The future of group risk benefits looks flexibleGroup risk facts and figuresHow to align group risk benefits with business strategyKatharine Moxham: New opportunities in the group risk marketTop tips for minimising group risk benefits spendHow to use group ...
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Case Studies
Addaction offers flexible retirement plan
In 2007, the charity arranged a flexible retirement plan through The Pensions Trust, which now has 1,200 members.Then, in March 2013, it moved onto The Pensions Trust’s new SmarterPensions platform for qualifying workplace pension schemes in the auto-enrolment market. This uses AllianceBernstein’s target date funds as the default in an ...
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Opinion
Chris Judge: Lifetime pension allowance limits changing
Members’ pension administrator will only be able to tell them whether they are nearing the lifetime limit in their current scheme, but benefits from all other schemes, both workplace and personal pensions, need to be taken into account when considering the lifetime allowance, which was introduced on 6 April 2006. ...
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Article
Employers segment pensions for auto-enrolment
Such arrangements can be particularly effective for employers that have a diverse workforce.Gary Moore, policy adviser, defined contribution (DC) pensions at the National Association of Pension Funds, said: “It may be that there are different segments [of a scheme] for different parts of a workforce, that different segments have different ...
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Case StudiesDennis Publishing's benefits strategy remains young at heart
Consequently, the magazine and digital content publisher has striven to offer a benefits package that fits this employee profile. Alison Hunter, HR director, says: “We are the first to admit we have never been above-average payers, so we try to put a lot of emphasis on the diversity and flexibility ...
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AnalysisHow to choose the best default fund
If you read nothing else, read this:Tailoring default funds to the scheme membership is not just about offering ethical and shariah options.Default funds should be designed with the specific nature of the workforce in mind, because employees of different ages and salaries will have very different needs.Almost all new pension ...
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Article
Buyer's guide to financial education
What is financial education?Workplace financial education involves employers, or a third-party provider, educating employees about financial benefits, such as pension and share plans, and teaching them how to use these perks to optimise their financial wellbeing. Financial education programmes typically focus on financial benefits, but can also include individual savings ...
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Opinion
Damian James: Employers should plan now for future company car tax changes
The coalition government has continued the policy of tightening benefit-in-kind tax thresholds year on year and has already announced rates to the end of 2016/17. In 2013/14, the 10% company car tax rate applies to cars with emissions of 76-94g/km, but that will rise to 11% in 2014/15, with corresponding ...
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AnalysisUpdate on company car tax rules
If you read nothing else read, this… Employers must take into account all the tax and other legislation that applies to company car schemes.Employees are liable to pay tax according to the carbon dioxide (CO2) emissions of the company car they use..Lower-emission cars fall into a lower tax bracket.According to ...
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Opinion
Claire Curtin: Ensure investments are managed responsibly
Many schemes also offer an ethical fund option for members. With the shift from defined benefit (DB) to defined contribution (DC) schemes, staff should be allowed to ensure their investments are managed in a socially and environmentally responsible way.Responsible investment overall does not have to be just through an ethical ...
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Article
Compulsory retirement ‘might still be justified’
On 30 May 2013, the ET ruled on the Leslie Seldon case, which was brought because Seldon was required to retire at age 65 from the partnership of law firm Clarkson Wright and James.But Susan Fanning, head of DLA Piper’s employment team in London, said the case left a number ...
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Case Studies
DAS UK Group staff value income protection and life cover
Paul Timmins, chief operating officer at DAS UK Group, says: “It has been a deliberate part of our business strategy to offer these products because we want to attract and retain high-quality and skilled staff.“We employ a large number of lawyers, accountants, actuaries and other insurance and legal services professionals, ...
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Analysis
Critical illness insurance is in demand
If you read nothing else, read this:Take-up of group critical illness insurance has been increasing steadily.If the cover is below £250,000, there is no medical underwriting, reducing administration costs.Flexible arrangements may be the best way to offer critical illness cover.The take-up of most group risk benefits has stuttered during the ...
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Article
Steve Webb: How do you get staff to understand how much to save for retirement?
However, people who are not near to retirement tend to prioritise other things above their pension savings. That is why we have introduced the duty on employers to enrol staff into a workplace pension, and are bringing in a flat-rate state pension so people know what they are getting from ...
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Article
Rosemary Lemon: How do you get staff to understand how much to save for retirement?
Most of them, including me, also fancied retiring sometime between immediately and age 65. However, just how much money do you need to be able to live the life you dream of after you have finished working? Sometimes it is better to start backwards.For example, if, like me, you fancy ...
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Opinion
Jonathan Watts-Lay: Staff need wide view of savings options
The financial world has changed a lot in the last few years, with many employers saying it is down to staff to decide, from the benefits on offer, which ones are right for them and how to maximise their value.The example often quoted is the move from defined benefit to ...
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ArticleEmployee Benefits Awards 2013: Meet the judges
Debi O’Donovaneditor, Employee BenefitsDebi is responsible for editorial strategy across events, web and the magazine.Debbie Lovewelldeputy editor, Employee BenefitsDebbie is an award-winning journalist who is responsible for news and features across the magazine and website.Clare Bettelleyassociate editor, Employee BenefitsClare joined Employee Benefits in 2012. She oversees all supplements for the ...
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ArticleEmployee Benefits Awards 2013: Meet the winners
Click on links below to find out more about the winners:Grand Prix (sponsored by Mercer Marsh Benefits)Employee benefits professional of the yearBenefits team of the year (sponsored by Tusker)Best car and travel benefitsBest healthcare and wellbeing benefits (sponsored Westfield Health)Best stress management schemeBest pensions changeBest pensions communicationsBest DC pension default ...