All Employee Benefits articles in Web Issue – Page 801
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ArticleFinancial education boosts staff engagement
How financial education can boost employee engagement and employers’return on investment (ROI) will be the focus of a session at Employee Benefits Connect 2015.In a session titled ‘Boost employee engagement and ROI using financial education’, Darren Laverty (pictured), director at financial education provider Secondsight, will discuss why and how workplace ...
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ArticleGE and Close Brothers to discuss pension reforms
Employers should provide communications and financial education support to employees approaching retirement to engage and respond to the government changes to defined contribution pensions.Speaking in a session titled ‘Responding to government changes in pensions’ at Employee Benefits Connect, Jeanette Makings (pictured), head of financial education services at Close Brothers Asset ...
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ArticleGovernment lays out final regulations on charges cap
Draft regulations to cap defined contribution (DC) pension scheme charges at 0.75% have been put before Parliament alongside additional governance requirements.In April, scheme charges will be capped at 0.75% unless employees have specifically chosen a more expensive option.According to figures from the Department for Work and Pensions (DWP), the cap ...
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Video
How to introduce a successful car salary sacrifice scheme
brightcove.createExperiences();This three minute video tutorial above covers:What are the key issues to look for when designing a car salary sacrifice scheme?What are the attributes of a well-designed scheme?What trends are emerging in car salary sacrifice schemes?What makes a successful scheme?How will ...
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OpinionLovewell's logic: The need to care for carers
How many employees in your workforce are also carers? And how many carers have you lost from your workforce because they felt unable to continue to juggle their work and caring responsibilities?With the public expenditure costs of carers who feel unable to keep working estimated to exceed £1 billion, it ...
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ArticleFinning UK to pilot government carers scheme
Finning UK is one of the first employers to roll out a government pilot scheme to help support employees with caring responsibilities.The organisation, which distributes plant, complementary equipment and power systems from manufacturers including Caterpillar, will use the pilot to expand its current scheme run by The Dove Service and ...
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Video
Putting the case for wellbeing
brightcove.createExperiences();This 12-minute video tutorial above covers:What is wellbeing in the workplace?What elements go into creating an effective wellbeing strategy?What are employees are looking for from their employers and how has this changed over the last few years?What are the biggest issues ...
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ArticleNAPF and PMI close merger discussions
The National Association of Pension Funds (NAPF) and The Pensions Management Institute (PMI) have announced that they will no longer pursue the opportunity to merge the two organisations. Ongoing discussions about the possibility of a merger were first announced in October last year.The combined organisation would have been aimed at ...
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ArticleTwo-thirds of DB members will not transfer to DC pension
A third of defined benefit (DB) pension scheme members have yet to rule out transferring to a defined contribution (DC) arrangement when the new pension reforms come into effect from April, according to research by Hargreaves Lansdown.Its survey of 1,037 employees also found that 7.8% of respondents expressed a firm ...
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ArticleJohn Lewis reviews DB and DC pension schemes
The John Lewis Partnership plans to halve the accrual rate for its final salary pension scheme and extend the defined contribution (DC) section of its hybrid scheme. The retail organisation, which employs 86,000 people across the John Lewis and Waitrose brands, will make the amendments effective from April 2015 for ...
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Video
Relaxing retirement rules: Five decisions for employers and trustees
brightcove.createExperiences();This six minute video tutorial above covers:Is lack of knowledge about the new pensions flexibilities an issue?What decisions do employees need to make?Is there an impact on people’s benefits structure?Will the pensions reforms increase administration?Will the Budget changes affect default investment ...
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ArticleDWP publishes pot follows members update
The Department for Work and Pensions (DWP) has published more details on its plans to introduce automatic transfers of small pots when pension scheme members move jobs.Its Automatic transfers: A framework for consolidating pension savings report includes how the government will role out the programme and which schemes are in ...
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Video
Easy steps to pensions flexibility
brightcove.createExperiences();This three-minute video tutorial above covers:What are the new options for employees around pensions?What are the key issues that employers need to consider?What are employers doing with their existing scheme rules?What can employers do to help staff identify what changes are ...
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ArticlePension Wise website goes live
The online version of the government-backed guidance guarantee service, Pension Wise, has gone live.The Treasury-designed website, pensionwise.gov.uk, showcases six steps users should take in deciding how to use the new pension flexibilities, as well as get the best possible outcome in retirement from their pension pot.The six steps are:Checking the ...
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ArticleMen and younger employees see largest falls in pay
Female employees, older workers and low-paid staff have seen smaller real wage falls than male employees, younger workers and those on higher pay, according to research by the Institute for Fiscal Studies (IFS).Its Green budget 2015 report, which surveyed 180,000 UK employees and is produced in association with the Institute ...
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ArticleBT to pay £1.5bn to cut DB pension deficit
BT is to pay £1.5 billion into its defined benefit (DB) pension scheme by April to tackle its £7 billion deficit.The telecommunications firm will also increase the contribution rate for future benefits of active members from 13.5% to 16% from 1 April 2015 through to June 2017.The figures were announced ...
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Supplier article
Jelf Employee Benefits releases an employees’ guide to pension freedom
The eight-step guide, part of the consultancy’s comprehensive library, relays the new rules in the context of the questions you need to ask yourself and the actions to take if you are considering accessing your pension savings. Topics covered include understanding the type of pensions you have; making decisions about ...
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Supplier article
Pensions: trouble ahead?
Sadly, this does not seem a realistic expectation. The minister of state for pensions, Steve Webb MP, recently gave a speech that suggested that further change may happen very early in the next parliamentary term. This view was given in a strangely apolitical delivery, which could perhaps suggest that some ...
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Supplier article
Anaesthetist fees: ignorance is not bliss
Within the private healthcare sector, the same principle applies when professional healthcare services are provided to patients. This is not normally a problem because a patient will meet with their consultant during the consultation and diagnostic phase, allowing plenty of time to discuss any proposed treatment and the relevant costs ...
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Supplier article
In Focus — February 2015
Click on the link below to download the articleLinksIn Focus — February 2015