All Employee Benefits articles in Web Issue – Page 679
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Video
VIDEO: Elaine Nisbet: Entering Employee Benefits Awards offers many benefits
The benefits of entering the Employee Benefits Awardswas fantastic, said Elaine Nisbet, employee and learning resources director at City Health Care Partnership CIC.The benefits included going to the event, meeting other people and seeing what other employers are doing, she said during an interview with Jennifer Paterson, senior reporter at ...
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Article
Barclays and Danone win family-friendly employer awards
Atkins, Barclays, Danone and Royal Mail Group are among the employers recognised in the Workingmums.co.uk Top Employer Awards.The awards, which were presented earlier in November, recognise both large and small employers that have embraced the business benefits of flexible working and been proactive in creating a family-friendly working environment for ...
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Article
Retirement plans pushed back four years
Those approaching retirement are pushing back their retirement plans by an average of four years, according to research by pensions and investment provider NFU Mutual.Its research, which surveyed more than 2,000 UK adults, found that one in 10 respondents who are past the age of 55 and still working said ...
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Article
Barclays C&ES launches DC investment consultancy
Barclays Corporate and Employer Solutions (C&ES) has launched a defined contribution (DC) investment consultancy for employers and pension trustees. The consultancy forms part of the organisation’s pensions platform, which was launched in September with Aegon and Zurich.Its aim is to improve the investment outcomes and structure for employees, provide a ...
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Article
Wolseley UK launches flexible benefits
EXCLUSIVE: Heating and plumbing organisation, Wolseley UK, has launched a flexible benefits scheme for the first time.The scheme, Your Choices, includes dental insurance, a health cash plan, additional life assurance, life assurance for partners and personal accident insurance.It also includes a flex fund for all 6,200 employees, at 1% of ...
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Article
Scisys boosts employee pensions engagement
EXCLUSIVE: Scisys Group has seen 85% of its staff register to manage their pension scheme online and 47% opt to select their own investments following the launch of its workplace savings platform.The IT services developer has also seen 30% of employees increase their pension contributions and 35% log-in to view ...
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Article
Zenith launches electric car strategy
Zenith has launched an electric car strategy called e-motion.The strategy makes full electric, plug-in hybrid or range extenders available on its salary sacrifice and for company car schemes.It also includes:Advice to fleet managers on the use of electric cars.An online selector that determines whether or not an electric car is ...
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Article
Leicester City Council launches salary sacrifice cars
Leicester City Council has launched a salary sacrifice car scheme for 13,600 eligible employees.The scheme, which is operated by Tusker, includes motor insurance, servicing and maintenance, roadside assistance, tyres and glass, plus protection against redundancy, resignation and maternity leave.Leicester City Council already provides employees with salary sacrifice arrangements on a ...
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Article
Friends Life simplifies death-in-service claims process
Friends Life has simplified its death in service claims process by removing the need for claimants to show an original death certificate.The service, which provides financial support if an employee dies, will now verify the death in service instantly through the government records office.The online tool allows claims to be ...
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Article
TPR DC code comes into effect
The Pensions Regulator has published its regulatory guidance for defined contribution (DC) pension schemes to sit alongside its DC code, which came into effect on 21 November.The code, which was consulted upon earlier in 2013, sets out practical guidance on how pension trustees can meet the underlying requirements of pensions ...
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Article
Pension comparison service launched
Pension PlayPen has launched an online service to help UK employers choose a workplace pension.The service, Cap (choose a pension), gives employers direct access to all major providers of contract- and trust-based pension schemes.The free service allows employers to access quotes, compare offerings and decide on the workplace pension that ...
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Article
DWP launches consultation on money purchase pensions
The Department for Work and Pensions (DWP) has launched a consultation on money purchase pension schemes.The consultation, which is open to pension industry bodies, trustees or scheme managers, pension scheme members and employers, seeks to clarify the definition of money purchase included in section 29 of the Pensions Act 2011.The ...
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Article
Standard Life Investments to launch new default fund
Standard Life Investments is to launch a new default fund for defined contribution (DC) pension scheme members.The Enhanced-Diversification Growth Fund (EDGF) is a lower volatility diversified growth fund, which is designed to generate equity-like returns with lower volatility than investing in equity markets.The fund, which will be launched in the ...
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Article
EHRC to investigate maternity discrimination
The Equality and Human Rights Commission (EHRC) is to undertake a comprehensive research project into the scale of pregnancy and maternity discrimination in the workplace.The EHRC has launched the project due to anecdotal evidence that suggests some pregnant women experience discrimination while on maternity leave or on their return to ...
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Article
Standard Life moves wealth division into investments
Standard Life Wealth is to move within the Standard Life group to its global fund manager Standard Life Investments with effect from 1 January 2014.Richard Charnock, chief executive officer of Standard Life Wealth, who will report to Keith Skeoch, chief executive officer of Standard Life Investments, will be appointed to ...
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ArticleYoung employees lack opportunities to save
Two-thirds of young employees, who are ready to save for retirement, lack the opportunities to do so, according to research by Aegon UK.Its Changing face of retirement: the young, pragmatic and penniless generation survey, which had 10,800 global respondents, including 2,722 employees between the ages of 20 and 29, found ...
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Article
UK ranks last in Europe for well-paid parental leave
The UK ranks last in Europe for providing working parents with well-paid leave following the birth of a child, according to research by Trades Union Congress (TUC).The research, which was published to coincide with the Children and Families Bill beginning its committee stage in the House of Lords on 19 ...
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Article
Pension funds are unaccountable to savers
Pension funds are unaccountable to the savers whose money they invest, according to a report by ShareAction, the public campaign for the ethical investment of UK pension funds. Its Our money, our business report found that, although company directors are increasingly expected to be accountable to their shareholders, shareholders themselves, ...
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Article
Government outlines new shared parental leave system
The government has outlined how its new system of shared parental leave will work for employees and employers when it comes into force in April 2015.A government consultation, which opened in February 2013 and closed in May, looked at how the new system will work and fit together with current ...
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ArticleGuaranteed pensions would see higher staff take up
Six out of 10 respondents said there would be a significant difference in the number of employees who would consider joining, or staying in, a defined contribution (DC) pension scheme or who would pay higher contributions if the qualifying default fund secured a guaranteed pension income building up year on ...