All Employee Benefits articles in Web Issue – Page 639
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Article
New group risk website looks to provide added value
A group risk website has been launched as a conduit between intermediaries and insurers in the industry.The Group Risk Connect site, which launched on 1 July, has partnered five group risk insurers: Friends Life, Generali, Legal and General, Omnilife and Zurich Life.The website is designed to help educate users and ...
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Article
Employers should do more around charity work
Just under half (43%) of respondents felt their employer should be doing more to help charities in their local community, according to research by fundraising platform Give as you Live.Its Donor survey, which questioned more than 1,000 UK workers, found that 52% of respondents said their organisation does not have ...
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Article
British employees happy with work-life balance
Almost two-thirds (59%) of respondents are happy with their work-life balance, according to research by recruitment firm Randstad UK.The Randstad work-life balance survey, which questioned 2,000 employees, found that those in the south-east of England, Yorkshire and the Humber are most happy with their work-life balance, with 64% saying they ...
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Article
Royal Mail pay proposals rejected
Postal unions have rejected a 8.6% pay rise over three years for 125,000 Royal Mail employees.The Communication Workers Union (CWU) rejected the organisation’s proposals on pay and conditions for a number of reasons. It felt:The pay element in isolation does not meet with the terms of CWU policy for an ...
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Article
Police pensions could be cut for misconduct
Police officers who commit serious misconduct should have their pensions cut, according to a group of MPs.The Home Affairs Select Committee has called for the College of Policing to establish a scale of fines, which could be docked from officers’ pensions in cases of the most grave misconduct.Its Leadership and ...
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Article
Bupa launches dental care for SMEs
Bupa has extended its dental care product to small and medium-sized enterprises (SMEs).The Bupa Dental Health Plan, which provides cover for treatment at Bupa dental centres, offers employees routine dental care, including check-ups, scale and polish appointments, and any necessary x-rays.The plan also provides:A 20% discount on general dental treatment ...
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Article
BGL Group re-launches free health checks for UK staff
Insurer BGL Group has re-launched free health checks for employees across its UK sites.The ‘Know your numbers’ annual review monitors important health indicators, including height, weight and body mass index (BMI) to body fat percentage, waist size, blood pressure, blood glucose and total cholesterol. More than 650 employees booked a ...
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AnalysisHow to align group risk benefits with business strategy
If you read nothing else, read this:Many group risk schemes are the result of legacy business rather than current strategy.Employers are increasingly valuing income protection for its ability to reduce absenteeism.Auto-enrolment could result in employers taking a more strategic view towards group risk.In an ideal world, group life, income protection ...
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Opinion
Katharine Moxham: Align group risk benefits to make the package work
For example, group life assurance is traditionally valued by employees and has become an essential core benefit to attract and retain staff.Group income protection can replace an ill-health early retirement promise after the closure of a defined benefit (DB) pension scheme. It can maintain an employee’s financial resilience when illness ...
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AnalysisHow to use group risk benefits to rehabilitate employees back to work
If you read nothing else, read this:Rehabilitation benefits are off ered through group risk insurance providers to aid employees’ return to work.Rehab can include cognitive behavioural therapy and physiotherapy.Successful rehab relies on the collective efforts of employees, their employers and their insurerRehabilitation benefits enable employers to take an active role ...
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Analysis
David Williams: The future of group risk benefits looks flexible
There has always been much debate about the future direction and rate of growth of the flexible benefits market. What is clear, however, is that the group protection flex market is growing year on year.Employers are embracing both the cost-saving opportunities and technology support provided by flexible benefits, while still ...
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Analysis
Top tips for minimising group risk benefits spend
If you read nothing else, read this:Cut the cost of group risk provision by taking a holistic view of benefits.Consider using a master trust or multinational pooling.Be aware of added benefits to ensure there is no overlap in benefits provision.Cost was cited as the main influence on the decision to ...
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Case Studies
PWC offers multiple support for staff health
As well as offering a range of healthcare benefits, including private medical insurance (PMI) and group income protection (GIP), PWC’s health and wellbeing team works with people managers if an employee is on long-term sick leave to offer support tailored to their needs.Rosie Garfield, health and wellbeing leader, says: “Every ...
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Article
PWC launches DB pensions risk analytics product
PricewaterhouseCoopers (PWC) has launched a pensions risk analytics product that allows employers and trustees to manage, monitor and take decisions about their defined benefit (DB) pension issues.Its Skyval product models pension scheme assets and liabilities accurately and in real time.It has been developed in conjunction with financial technology organisation PensionsFirst ...
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Article
Payroll giving donations increase by £6m
Donations to charity directly from pay have risen by £6 million to £124 million since 2012, according to figures from HM Revenue and Customs.The figures also show that the number of staff using a payroll-giving scheme has reached a four-year high at 750,000.Meanwhile, average donations have risen by 40p per ...
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Article
European Parliament votes down bonus cap for fund managers
The European Parliament has voted down the proposal to include a bonus cap of 100% of salary for fund managers.The prospective cap was intended to follow reward limitations placed on bankers by the Parliament earlier in 2013.However, Members of European Parliament (MEPs) decided against passing the measure in the Undertakings ...
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Article
Bausch and Lomb hosts wellness day
Bausch and Lomb hosted its first in-house wellness day to promote healthy lifestyle behaviours among its 120 staff.The global eyecare organisation held a series of health promotions and interactive activities at its UK headquarters in Kingston-upon-Thames.The wellness event included a health-check kiosk where employees could test their body mass index, ...
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Article
Employee ownership guidance published
The government has published joint government and industry-led guidance aimed at helping organisations move towards employee ownership.The announcement, from business secretary Vince Cable, came on the first Employee Ownership Day on 4 July.Cable also confirmed that the government is to set aside £50 million each year from April 2014 to ...
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Article
Top 10 most read stories this week
Most common sickness absence strategiesWithers raises pensions take upSMEs are not prepared for auto-enrolmentHow employers can promote heart health in the workplacePolice pensions could be cut for misconductAviva launches PMI product for large employersNew group risk website looks to provide added valueRoyal Mail pay proposals rejectedStaff could make equal pay ...