All Employee Benefits articles in Web Issue – Page 770
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ArticleEmployers need to do more with less
Employers are still facing the challenge of needing to do more around benefits with fewer funds.Speaking in a session on ‘Building the business case for benefits’ at Employee Benefits Live 2014, Nadeen Jackson Barker, HR reward manager at Axa, said employers have to balance the aspects of benefits that are ...
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ArticleLV= achieves 95% pensions take up post auto-enrolment
LV= has achieved 95% take up of its pension schemes post auto-enrolment.Speaking in a session titled How pension reform will change workplace pension schemes at Employee Benefits Live 2014, Jamie Barnes, head of sales, retirement solutions at LV=, explained that employers have a key role to play in helping staff ...
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ArticleDisengaged staff fuel HMRC change strategy
HMRC is in the midst of a change management strategy fuelled by staff who were left feeling unengaged and lacking a vision of where the organisation was heading following its creation.HMRC was created out of a merger between Customs and Excise and the Inland Revenue in 2005 when the organisation ...
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Supplier article
Johnson Fleming set to host webinar on auditing auto-enrolment schemes
By the end of the session, you will know:What you can do to aid the audit processWhat to look for in your communication and administration processHow to check your scheme certification is still validJohnson Fleming’s top tips for spotting potential hidden breachesThe broader aspects of good scheme governanceLearn from the ...
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ArticleOTS benefits simplification reforms not likely until 2017
The Office for Tax Simplification (OTS) is simplifying the way employee benefits and expenses are taxed but some of the reforms could be unlikely until 2017.Speaking at Employee Benefits Live 2014 on 24 September John Witting, tax director at OTS, said: “We are looking for opinions and views on issues ...
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Supplier article
Seven health cash plan providers take part in charity golf event
The event, which is in its second year, raised £4,351.13. The contest was won by BHSF, which chose the charity to benefit from the money raised, for the second consecutive year. Health Shield was the runner up.Last year’s event raised £3,500 for Breast Cancer Care.The day before the golf event, ...
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Article62% of male cancer patients feel supported by employers
Just under two-thirds (62%) of male respondents who have completed cancer treatment felt they received good support from their employer during and after treatment, according to YouGov research commissioned by Unum in partnership with cancer charity Maggie’s.The research, which surveyed more than 1,000 adults who currently have or have had ...
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ArticleEmployee Benefits Awards 2015 offer 22 categories
The Employee Benefits Awards 2015 offer 22 categories for reward and benefits professionals to vie for an accolade. The awards, which will open for entries shortly, offer professionals the ideal opportunity to showcase, and gain recognition for, the outstanding work they have done over the past 12 months.Employers are encouraged ...
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ArticleEqual pay audits and antenatal rights to come into force
Several pieces of new employment legislation will come into force tomorrow (1 October 2014).From this date, employers can be required by employment tribunals to conduct and publish equal pay audits if they are judged to have breached the equal pay provisions of the latest Equality Act.Ingrid Waterfield, a director in ...
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Supplier article
Avoid pension penalties with our auto-enrolment checklist
When you have so many other business issues to contend with, how can you ensure you successfully ride the pensions wave and avoid costly penalties?Auditing is absolutely critical, and to help Johnson Fleming has compiled a checklist of key questions to ask yourself in order to help remain compliant.Your auto-enrolment ...
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ArticleGovernment confirms action to cap pension charges at 0.75%
The government has confirmed it will continue to press ahead with action to cap pension scheme charges at 0.75% from April 2015.Its draft regulation paper Better workplace pensions putting savers’ interests first has confirmed charges to invest and manage the default funds of all qualifying schemes will be capped at ...
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Article200,000 staff plan to cash in retirement savings
More than 200,000 employees plan to cash in all their retirement savings next year when new pension reforms giving greater flexibilities come into effect, according to research by Hargreaves Lansdown.The research, which surveyed more than 1,247 people, found that more than one in 10 (12%) respondents with a defined contribution ...
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ArticleOne in 10 would transfer out of DB to DC pension
Nearly one in 10 employees approaching retirement with defined benefit (DB) pensions would be interested in transferring out of final salary pensions, according to research by Towers Watson.Its Attitudes to retirement in a post-Budget world research, which surveyed more than 2,000 employees aged between 54 and 64, found that respondents ...
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ArticleTop 10 most read stories this week 25 September-2 October
The top 10 most read articles on employeebenefits.co.uk from 25 September to 2 October:1. Total reward is dead2. Chancellor plans to abolish 55% pension ‘death tax’3. Equal pay audits and antenatal rights to come into force4. Disengaged staff fuel HMRC change strategy5. What are the new flexible retirement options?6. Social ...
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ArticleFleet supplement 2014
Read the digital edition of Employee Benefits’ Fleet supplement 2014.The report includes the following articles:Clare Bettelley: Company car schemes can be easy to implementAre company car schemes worth the effort to implement?Top tips to control company car scheme costsWhat should a company car risk management strategy cover?What the future holds ...
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Article
Buyer's guide to share incentive plans 2014
The factsWhat are Sips and how do they work?Share incentive plans (Sips) are a tax-efficient savings vehicle for employees, who can receive up to £3,600 worth of free shares a year, free of income tax and national insurance. If the shares are kept in the plan for at least five ...
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Analysis
Implications of the October 2015 childcare voucher changes
If you read nothing else, read this…Tax-free childcare will be introduced in October 2015.Working parents who are not in receipt of childcare vouchers at that date will go into the new scheme.The change will have significant tax and cost implications for both employers and working parents if neither prepares for ...
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ArticleEmployers face 50% increases in group risk premiums
Employers face cost increases in their employee insurance premiums as the average age of the workforce continues to rise, according to research by Towers Watson.It found that when an organisation’s average employee age rises by five years, its group income protection premiums could increase by more than 50%.The research also ...
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Article52% do not provide financial education for employees
More than half (52%) of respondents do not provide any financial education to employees, according to research by employee benefits adviser firm Secondsight.However, the research also found that two-thirds (67%) of the 1,013 UK employees surveyed claim that they do not receive financial education from their boss, and 77% of ...
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Article93% of staff go to work when ill
Some 93% of respondents go into work when ill, according to research by Canada Life Group Insurance.Its research, which surveyed 888 employees, found that this percentage is unchanged from 2013.The research also found that 8% of staff only take sick leave if hospitalised or with no other choice and a ...