All Employee Benefits articles in Web Issue – Page 690
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Article
OTS publishes details of benefits tax quick wins
The Office for Tax Simplification (OTS) has published the details of its nine ‘quick wins’, which aim to simplify the tax efficiencies on employee benefits and expenses.The ‘quick wins’, which will come in from January 2014, were identified in the OTS’ interim report on employee benefits and expenses in August ...
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Article
Fuel duty increase cancelled
Autumn Statement 2013: The government is to cancel the fuel duty increase which was planned for 1 September 2014.The rise was expected to be 1.61 pence per litre but the cancellation means the price of fuel will be frozen until 2015.It is the second time the government has scrapped a ...
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Article
InterGlobal enhances cancer cover on international PMI
InterGlobal has enhanced the cover for cancer treatment available through its 2014 UltraCare international private medical insurance (IPMI) scheme.The international medical insurer has removed previous benefit limits and excesses for cancer from its plan.Its UltraCare Standard, Select, Comprehensive and Elite plans will now cover the costs of all in-patient, day ...
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Article
Danone uses health cash plan to cut PMI costs
Danone has launched a health cash plan to supplement its private medical insurance (PMI) scheme.Its 1,300 employees will have access to the benefit, provided by BHSF, through the food manufacturer’s flexible benefits platform.The health cash plan, which includes cover for low-cost treatments, therapies and eye tests, was introduced due to ...
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Article
Lloyds Register centralises global mobility services
EXCLUSIVE: Lloyds Register is in the process of developing a centralised global mobility service across its international locations.The organisation, which has four business streams in energy, marine, management systems and transportation, has around 200 formal expatriate employees.Selina Jones-May, head of global mobility at Lloyds Register, said: “When I joined two ...
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Article
Court rules on disability and work-related stress
The Court of Appeal has overturned findings by the Employment Appeal Tribunal (EAT) in a discrimination case between an employee suffering from work-related stress and his employer, which relied on the advice of its external occupational health advisers.The issue in Gallop v Newport City Council was to determine what is ...
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Article
Flexible working critical to ease workplace stress
More than two-thirds (69%) of respondents believe flexible working is critical in easing work-related stress, according to research by global workplace provider Regus.Its research, which surveyed 4,000 employees, found that 45% of respondents believe stress is causing an increase in absenteeism.The research also found:38% of respondents are losing sleep worrying ...
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Article
Telephonic support can facilitate return to work
The government has published its findings on the potential value of using telephone services to provide health and return-to-work support.Its Telephonic support to facilitate return to work: what works, how and when? report aims to provide an evidence base for the use of telephonic assessment and support to facilitate timely ...
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Article
IBM launches online pension reports
EXCLUSIVE: IBM has launched an online version of its pensions reports for employees.Between 2 October and 2 November 2013, the new reports received 650% more views than all the views for the previous 12 months.More than half (15,900) of the technology organisation’s 26,000 pension members now access the information electronically.The ...
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Article
Share scheme limits to increase
Autumn Statement 2013: The government has announced that it will increase the limits for share plans from April 2014.The limits on sharesave schemes will double from £250 a month to £500.In addition, the maximum value of shares an employee can acquire with tax advantages through share incentive plans (Sips) will ...
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Article
SMEs opposed to shared parental leave
More than three-quarters (70%) of respondents are opposed to the government’s new system of shared parental leave, according to research by outsourced HR and employment law provider High Performance Consultancy (HPC).Its survey of almost 100 small and medium-sized enterprises (SMEs), found that, while 30% of respondents said they welcome the ...
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Article
Cancer awareness highlighted in the workplace
Men, and workplaces, around the world pledged their fundraising support and grew a moustache during the month.At charity Prostate Cancer UK, the main beneficiary of the annual campaign, male employees were encouraged to grow facial hair, while female staff set up a group to organise various themed activities.Sue Virgoe, associate ...
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Case Studies
GlaxoSmithKline has formula to protect older employees’ health
Doctor Timothy Wighton, director of global disease prevention and health promotion at GSK, says: “It is the brainchild of several people within GSK who came together and said: ‘Are we doing enough for our employees, no matter what level they are, no matter what age they are and no matter ...
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Article
PageGroup appoints Debra Corey
Since 2011, Corey had been group head of compensation and benefits at Merlin Entertainments.Her previous roles over more than 20 years in the industry include: senior director of compensation and benefits, Europe, Middle East and Africa (EMEA) at Quintiles; interim head of rewards at Morrisons; compensation and benefits director, EMEA ...
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Article
Debbie Lovewell: Banish gender pay gaps
In fact, startling pay inequality can be seen throughout all but the most male-dominated professions. Research published by the Office for National Statistics (ONS) last month found that women in full-time employment earn, on average, almost £5,000 a year less than men.Its findings struck something of a personal chord, as ...
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Article
Tetra Laval International appoints Ray Martin
With nearly 30 years’ experience in the industry, Martin’s previous roles include head of pensions and benefits at Royal Bank of Scotland, vice-president – pensions at DHL, group reward director at Scottish and Newcastle, vice president – compensation and benefits at Airbus, head of group compensation and benefits at Rexam, ...
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OpinionBela Gor: Employers can benefits from older workers
Employers might think older employees are more likely to have a disability, and so present greater challenges, but this is not the case.In England and Wales, the largest proportion of disabled people (25%) are in the 50 to 64 age group. Among 65 to 74-year-olds, only 20% say they have ...
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Article
UK has the most high earners in Europe
The UK has the largest number of high earners in Europe at 2,714, according to research by the European Banking Authority (EBA).Its High earners 2012 data report, which classified high-earners as individuals who are paid more than €1 million (£830,000) annually, has been published ahead of the implementation of bonus-capping ...
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Article
TPR launches consultation on defined benefit pensions
The Pensions Regulator (TPR) has published a consultation on defined benefit (DB) pension regulation.Its Defined benefit consultation: setting a balance approach sets out how TPR intends to balance its new objective to minimise the impact on employers’ sustainable growth with its existing DB funding objectives.The new objective is contained in ...
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Article
HMRC launches draft regulations on real-time information reporting
HM Revenue and Customs (HMRC) has launched draft regulations relating to real-time information (RTI) reporting.The regulations are a result of ongoing engagement with employers about the design of RTI reporting, which took effect from April 2013.This has led to a number of changes being made to the rules covering pay-as-you-earn ...