All Employee Benefits articles in Web Issue – Page 723
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Article73% expect to change DC pension scheme investment
Nearly three-quarters (73%) of respondents expect to change their pension schemes’ investment options, in order to offer members a combination of cash and income-generating strategies, according to research by Aon Hewitt.Its research, which polled more than 200 pension managers, trustees and finance directors, focused on the impact of the Budget’s ...
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ArticleUK annuities market could drop by 75%
The UK annuities market could decline by up to 75% after the government’s changes to compulsory annuity purchase come into effect from April 2015, according to research by PricewaterhouseCoopers (PWC).Its research, which questioned 1,208 respondents aged 50 to 75 who are looking to take their pension in the near future, ...
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Article77% believe in benefits of financial education
EXCLUSIVE: More than three-quarters (77%) of respondents believe financial education in the workplace is helping employees to achieve better financial outcomes, according to research by financial education provider Nudge Global.The financial education provider’s Employee financial education study 2014, which questioned more than 170 organisations that represent more than 850,000 employees, ...
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ArticleDOD’s blog: What employers are doing about the changes to pensions
Over the past few weeks, I have had several industry people ask me how employers are reacting to the announcements made in the Budget last month, in particular, in relation to the withdrawal since 27 March of the need for retiring staff to buy an annuity.There seems to be the ...
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Analysis
What staff need to know about capital gains tax on employee share plans
If you read nothing else, read this…Many large employee share plan payouts are expected this year.Good employers will ensure staff are informed about the possible tax implications.Gains of more than £11,000 can be mitigated in three key ways: transfer to a spouse, to an individual savings account or to a ...
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ArticleUK universities offered access to master trust arrangement
Heriot-Watt University and the University of Edinburgh are among the employers that have been given access to a master trust framework.The Advanced Procurement for Universities and Colleges (APUC) managed a tender process for more than 200 institutions in the UK’s higher and further education sector.A large number of university and ...
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ArticleArthur J Gallagher acquires The Oval Group
Arthur J Gallagher has acquired The Oval Group for a total net consideration of approximately £199 million.Both Oval Healthcare and Oval Financial Services will now become part of the consultancy’s UK-based Arthur J Gallagher Employee Benefits, led by chief executive officer Tim Johnson (pictured).The acquisition will enable the organisation to ...
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VideoVIDEO: Adam Brooke: Awards finalists review benefits communications
Employers’ ongoing reviews of their benefits communications programmes was one of the most impressive findings among Employee Benefits Awards’ finalists, said Adam Brooke, vice-president, employee benefits and wellness manager at JP Morgan, in an interview with Clare Bettelley, associate editor of Employee Benefits.He added: “I’ve seen take-up figures of 70% ...
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ArticleBarclays partners The Positive Ageing Company to support ageing workforce
EXCLUSIVE: Barclays Corporate and Employer Solutions has partnered The Positive Ageing Company to launch an online tool to help employers support the challenges of an ageing workforce and their differing financial needs.The tool will sit within Barclays’ Money Works website.It offers employers information and advice to help staff assess monthly ...
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AnalysisHow to align group risk with an employer’s total risk policy
If you read nothing else, read this…Most risk management and insurances are generally handled by risk teams, but people-related products, such as group risk cover, often remain with HR or benefits departments.People-related risk can represent a business risk to the organisation, particularly if the employer’s pay and reward strategy cannot ...
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ArticleEAPs and pensions top core benefits offered to all staff
Employee assistance programmes (EAPs), other types of counselling, and pensions are the top core benefits offered to all employees, according to The Benefits Research 2014, which was carried out among 256 respondents in March 2014.Over the past decade, EAPs have undergone significant growth in popularity as a core benefit for ...
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ArticleQuarter of companies offered free shares to staff around IPO
Only 26% of companies that have launched an initial public offering (IPO) in the past four years operated share plans that allowed for awards of free shares to all employees, according to research by Deloitte.Its research analysed the listing documents and remuneration reports of companies that joined the London Stock ...
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AnalysisHow are The Pensions Regulator’s quality assurance steps useful for employers?
If you read nothing else, read this…The Pensions Regulator’s code of practice sets out six principles and 31 quality features.The code is useful to help employers meet pension governance requirements.TPR expects pension schemes to comply with the code.The code may need to be rewritten to accommodate new measures introduced by ...
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ArticleAT&T and Kodak shortlisted for financial education
AT&T, Kodak and Live Nation are among the employers that have been shortlisted for the award ‘Best financial education strategy’ at the Employee Benefits Awards 2014.For this award, the judges were looking for employers that have taken a proactive approach to their workforce’s financial needs and have supported staff in ...
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Video
VIDEO: Lawrence Cramer: How to manage auto-enrolment on a small budget
brightcove.createExperiences();Employers should identify the budget they have for pensions auto-enrolment at the very beginning of the process, said Lawrence Cramer (pictured), head of HR at the YHA, during an interview with Clare Bettelley, associate editor of Employee Benefits.He said: “As ...
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VideoVIDEO: Neil Morrison: Awards finalists embrace benefits technology
The use of technology in creating access to benefits for employees wherever they are is really exciting, said Neil Morrison, group HR director at Penguin Random House Group, one of the Employee Benefits Awards judges, in an interview with Debi O’Donovan, editor of Employee Benefits.He added: “I’m really interested in ...
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VideoVIDEO: Susan McGarrity: Awards finalists focus on benefits budget
The finalists of the Employee Benefits Awards demonstrated a focus on making savings through benefits, said Susan McGarrity, director of reward and shared services at Doosan Babcock, in an interview with Clare Bettelley, associate editor of Employee Benefits.“One of the entrants had no budget and, in fact, had to make ...
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VideoVIDEO: Susan Gee: Employee Benefits Awards judging fuels ideas
Judging the Employee Benefits Awards offers ideas to bring back to your own organisation, said Susan Gee, employee health and wellbeing manager at Yorkshire Water, in an interview with Debbie Lovewell-Tuck, deputy editor of Employee Benefits.She said: “It’s one of the reasons I agreed to judge, because I knew there ...
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AnalysisHow dental benefits can reduce employees' time away from work
An employer can offer dental cover via a health cash plan or dental insurance. Helping staff to maintain a good oral health routine may lessen the likelihood of them needing emergency treatment and taking extra time off work.Roger Matthews, chief dental officer at Denplan, says: “There is a recordable loss ...
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VideoVIDEO: Simon Nash: HR needs to banish use of term 'the business'
HR professionals should banish their use of the term ‘the business’, said Simon Nash, HR director at Carey Olsen, in an interview with Clare Bettelley, associate editor of Employee Benefits.He said: “It is used in the context of ’HR needs to influence ‘the business’ to make a change’.“That’s completely alien, ...