All Employee Benefits articles in Web Issue – Page 766
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ArticleNest pension restrictions to be lifted in 2017
The government has confirmed its intention to remove the annual contribution limit and transfer restrictions on the National Employment Savings Trust (Nest).The restrictions on annual contributions, which currently stand at a maximum of £4,600, and removal of the restrictions on bulk transfers will be lifted from 1 April 2017.The government ...
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ArticleReading Uni launches benefits on a limited budget
Claire Eckett, HR manager, rewards and benefits at the University of Reading, will share her experiences of launching a recognition programme on a limited budget during a session at Employee Benefits Live.The session, ‘Motivation and recognition schemes to drive productivity’, will cover why the university introduced the scheme, how it ...
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ArticleStandard Life to close DB pension scheme to future accrual
Standard Life is to close its defined benefit (DB) pension scheme to future accrual and enhance the terms of its defined contribution scheme (DC) for staff from April 2016.Around 55% of Standard Life’s employees belong to its DB scheme which has been closed to new members since 2004. From April ...
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Article70 million working days lost to stress in 2013
More than 70 million working days were lost to mental health illnesses in 2013, according to a report by chief medical officer professor Dame Sally Davies.The Employment is good for mental health report found that the number of working days lost to stress, depression and anxiety has increased by 24% ...
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ArticleMonarch Airlines plans to cut pay and pension benefits
Monarch Airlines has begun talks with trade unions and The Pensions Regulator (TPR) about cutting employees’ pay, benefits and defined benefit (DB) pension payouts.Its 3,300 employees are being asked to take pay cuts and productivity improvements of between 25% and 35%, on top of 900 job losses.The airline’s DB scheme, ...
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Article
FirstGroup, Asda and Samsung to speak at EB Live
A number of employer case studies will be featured at Employee Benefits Live 2014, including:Joanna Bean, head of reward, UK and Ireland at Samsung, will share a case study on using benefits and technology to boost employee engagement.John Chilman, group reward and pensions director at FirstGroup, will ask whether ...
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ArticleHMRC delays RTI penalties for small employers
HM Revenue and Customs (HMRC) has further delayed the date penalties will be given to small employers with automated pay-as-you-earn (PAYE) real-time information (RTI). Organisations with less than 50 employees will be exempt from RTI late filing penalties until March 2015.The date was initially set for April 2014, but was ...
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ArticleMazars to add cancer screening to staff flexible benefits plan
EXCLUSIVE: Mazars is expanding its 2014/15 flex-plan by teaming up with Health Screen UK to provide cancer specific screening to its 1,400 UK employees.It will also give staff access to its flex platform via Apple devices through Stormfront. The new benefits follow the addition of an employee discount scheme to ...
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ArticleReward teams can learn from banking pay issues
Jane Richards (pictured), remuneration specialist at Investec, is to speak about the challenges of setting reward and pay policies for employees in the banking sector at Employee Benefits Live.The session, titled ‘Pay strategies in today’s economic climate’, will look at these challenges in the context of the EU and UK ...
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Article
p 10 People Moves - Microchip appoints Emma Smith
Microchip has appointed Emma Smith European compensation and benefits manager. Her new role involves the management and communication of pay and benefits across Europe. She was previously group compensation and benefits analyst at Hibu since April 2012. Smith also held various roles at Yell, including reward manager and training manager.
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Supplier article
Johnson Fleming urges businesses to audit their auto-enrolment schemes
Iain ChadwickWith legislative changes such as alterations to defined-contribution (DC) pensions already reshaping the landscape for firms stepping into the unknown of the ‘secondary market’, Johnson Fleming believes this is the ideal time for businesses to be auditing their scheme.Describing auto-enrolment staging as ‘the tip of the iceberg’ for employers, ...
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Supplier article
Guide: how to... audit your auto-enrolment scheme compliance
This guide includes:A helpful checklist to aid the audit processWhat to look for in your communication and administration processHow to check your scheme certification is still validTop tips to spot potential hidden breachesA wider look at good scheme governanceClick on the link below to download the guideLinks'How to... audit your ...
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ArticleMark Cliff - 100 Club Column
We will all have our own views on what the 2015 pensions changes really mean, but from a sponsoring employer perspective there are opportunities to engage with staff on pensions in a way which, to date, has been challenging. When you’re able to talk about retirement saving in terms of ...
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ArticleTop 10 most read stories this week
The top 10 most read articles on employeebenefits.co.uk from 4-11 September:1. Cardboard forts could boost motivation 2. Monarch Airlines plans to cut pay and pension benefits3. Arco redesigns voluntary benefits scheme 4. Samsung uses technology to boost engagement 5. Courts must recognise disability test 6. Reading University launches benefits on ...
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ArticleChinese staff strike over sweet treat ban
Something for the weekend…Employers tend to see strikes arise over pay, pensions and changes to working conditions but never for the simplest of rewards, free tasty treats.But it seems times are changing.In China, factory workers downed tools this week after Beijing’s anti-graft campaign had deprived them of a perk that ...
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ArticleDOD’s blog: Time to face up to mental illness
How we handle mental illness in the workplace came under severe criticism this week.On Tuesday, chief medical officer professor Dame Sally Davies published her recommendations to improve public mental health in Annual report of the chief medical officer 2013: public mental health priorities.I am not surprised at her criticism.Currently, employers’ ...
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Article45% of men and 49% of women had no pension savings in 2010-12
Some 45% of men and 49% of women below retirement age in Great Britain did not have any private pension savings in the period between 2010 and 2012, according to research by the Office for National Statistics (ONS).Its Characteristics of people and households without a private pension report also found ...
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ArticleFemale professor loses equal pay appeal
A female University of London professor has lost a sex discrimination case against her employer after it was found that her male colleagues’ bonus payments were retention fees, despite her claim that the university’s genuine material factor defence was tainted.The claimant was appointed to the university in 1996 and claimed ...
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ArticleWolseley UK adds new perks to flex
EXCLUSIVE: Wolseley UK has added several new benefits to its flexible benefits scheme following a change to its the plan’s enrolment window.The heating and plumbing organisation, which launched the scheme, provided by Benefex, in January, decided to move its enrolment window to August to align with its financial year.This enabled ...
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ArticleConfessions of a benefits manager: Candid battles with team meetings
I know team meetings seem like a good idea. They are a good idea. It just isn’t ideal with this particular group of people.Real teamwork involves mutual respect and a degree of compassion. Yeah, like that’s going to happen. I have nothing against the organisational development team. Well, that is ...