All Employee Benefits articles in Web Issue – Page 692
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Article
OTS to implement nine quick wins on employee benefits
Autumn Statement 2013: The Office for Tax Simplification (OTS) is to implement nine ‘quick wins’ identified in its interim report on employee benefits and expenses, by the end of January 2014.Its plans were announced in the 2013 Autumn Statement on 5 December.The OTS is due to publish details of these ...
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Article
Rise in state pension age brought forward
Autumn Statement 2013: The government has brought forward the increase in the state pension age, to 68 by the mid-2030s and to 69 by the late-2040s.The government had already taken action to control pension expenditure over the medium term by bringing forward the rise in the state pension age to ...
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Article
Top 10 most read stories this week
The top 10 most read articles on employeebenefits.co.uk from 28 November to 5 December:1. HMRC changes company car advisory fuel rates2. Lloyds Register centralises global mobility services 3. TPR launches consultation on defined benefit pensions 4. Key healthcare benefits for an ageing workforce 5. B&Q staff to share £15m share ...
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Article
'Tis the season to be jolly
Something for the weekend…After The Employee Benefits team attended Wednesday night’s Centaur Awards and Christmas party, reporting on the Autumn Statement the morning after was not an easy ride, but neither, it seems, are party preparations for other employees during the festive season.A poll carried out by fashion retailer, Coast, ...
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ArticleEmployees prefer cash instead of a Christmas party
More than two-thirds (71%) of respondents would rather receive the cash their employer spends per head than a Christmas party, according to research by MetLife UK.Its research, which surveyed more than 2,000 UK adults, found that 59% of respondents are going to a Christmas party hosted by their employer this ...
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Article
85% making changes to benefits provision
The majority (85%) of respondents have either recently made changes to their organisation’s benefits provision or are due to do so over the next year, according to research by Quintige Consulting Group (QCG).Its Employee benefits survey, which questioned 54 employers, found that these changes are being driven by organisations looking ...
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Article
Royal Mail reaches agreement on pay and pensions
Royal Mail Group has reached an agreement on pay and pensions, averting the threat of strike action over the Christmas period.Details of the agreement, which is subject to approval by the Royal Mail board, will be made available following the conclusion of the meeting of the Communication Workers Union’s (CWU) ...
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Article
Telefonica UK promotes Ian Grimshaw
He had been European benefits manager for Telefonica Europe since 2011.Before that, he was reward manager – benefits at Telefonica O2.His previous roles in the industry include benefits manager at Bank of America and employee benefits manager at MBNA Europe Bank.
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Article
JLT Group appoints Eleanor Smith
JLT Group has appointed Eleanor Smith UK compensation and benefits manager.Her previous roles in the industry include reward manager at Laing O’Rourke, global reward and mobility manager at Linklaters, associate director, global rewards at Covance, head of reward and people systems at Sainsbury’s, head of reward at Boots, reward and ...
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AnalysisFlexible benefits schemes can help staff keep new year's resolutions
If you read nothing else, read this…The new year is a good time for employers to educate staff about the flexible benefits they offer. Financial wellbeing is a particular area of focus for many employees as they assess their Christmas spending.Successful flexible benefits schemes require good forward planning. Employers could ...
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Article
Gain recognition for your travel policy or global benefits
These could include environmentally-friendly travel practices, tax- or cost-cutting initiatives, new technology that communicates with drivers more effectively, the introduction of a driver training programme or staff travel policies that reduce the need for employees to drive.Meanwhile, the category ‘Best international or expatriate benefits’, which has also been renamed for ...
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Case Studies
City and Guilds studies flex communications
The vocational qualifications provider has three enrolment windows each year; the main one is in November, with the other two in March and July. Staff feedback has shown City and Guilds that, at present, employees are interested in tangible benefits that give an immediate value, so the organisation has focused ...
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Article
Scottish DB pension deficits double to £6bn
Defined benefit (DB) pension scheme deficits across Scotland have almost doubled over the past 12 months, from £3.2 billion to £6 billion, according to research by pensions and risk consultancy Hymans Robertson.The Hymans Robertson Scottish pension index, which analysed 27 schemes, found that 18 of these schemes were worse off ...
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Article
56% have more than one pension pot
More than half (56%) of respondents have more than one pension pot, according to research by Now: Pensions.Its research, which surveyed 2,000 UK adults who have a workplace pension, found that 8% of respondents have four or more pension pots, a figure that rose to 25% for respondents aged over ...
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ArticleDisengaged employees and poor health costs UK £6bn
Employees with poor health and a lack of motivation cost the UK £6 billion last year, according to research by Bupa and the Centre for Economics and Business Research.Its study of 5,000 workers found that more than a third (37%) of teams are experiencing stress and pressure because of ill ...
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Article
Qantas to freeze pay and bonuses for executives
Qantas Group is to implement a pay freeze and remove bonuses for its executives in 2014 in a bid to accelerate cost reductions across all areas of the business.Its chief executive officer (CEO) and board will also experience a pay cut.The Australian airline group expects to report an underlying loss ...
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Article
Goodman Masson hosts winter wellbeing week
EXCLUSIVE: Goodman Masson has hosted its third annual Winter Wellbeing Week for staff.The event, which was held the week of 11 November, supports the financial recruitment firm’s internal brand, ‘There’s more to life than work’.Guy Hayward, chief executive at Goodman Masson, said: “It is communicated in the build-up to the ...
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Article
HMRC extends RTI deadline for micro employers
HM Revenue and Customs (HMRC) has extended the time micro employers are allowed to report pay-as-you-earn (PAYE) in real-time.Organisations with nine or fewer employees will be allowed to report PAYE information on or before the last payday of the month, rather than every payday until April 2016, to help them ...
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Article
Auto-enrolment opt outs are less than 10%
Auto-enrolment opt-out levels are less than 10%, according to research by the Chartered Institute of Personnel and Development (CIPD).Its Pensions automatic-enrolment: the lessons for small and medium-sized employers research, which surveyed 399 private sector organisations, also found that the average contributions from employees and employers stand at 4% and 6% ...
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Article
Annuity market does not work for retirees
The annuity market does not work well for the majority of retirees according to the findings of research into the consumer experience of purchasing an annuity, published by the Financial Services Consumer Panel.In its report, the panel recommends urgent regulatory and government-led structural reform in order to prevent millions of ...