All Employee Benefits articles in Web Issue – Page 808
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ArticleFuture trends unveiled at Employee Benefits Connect
Employee benefits form a key pillar of any wellbeing strategy, so these need to evolve to meet the needs of the workforce today as well as the workforce of tomorrow.In a session titled ‘Key employee trends in the future workplace’, Tim Jackson, head of marketing strategy at Unum, will discuss ...
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ArticleTop 10 most read stories this week
The most read stories on employeebenefits.co.uk from 19-26 February 2015:1. Sky outsources benefits admin to focus on strategy2. IBM staff can claim damages against DB closure3. Google’s best-paid jobs4. How to create an integrated financial wellbeing strategy5. Auto-enrolment continues to be a burden6. Santander to discuss salary sacrifice cars at ...
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ArticleFacebook plans to build town for staff
Something for the weekend…Facebook founder Mark Zuckerberg (pictured) has revealed extravagant plans to build an eco-friendly town for staff to live in.Called Zee-town, this will be close to the firm’s San Francisco headquarters. The plans consist of a 200-acre plot complete with roads, supermarkets, hotels and homes for 10,000 employees ...
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OpinionLovewell's logic: Could communication be more effective?
In the last couple of weeks, the issue of benefits communication has once again risen up the agenda as two separate pieces of research suggested that employees’ understanding of benefits is not as good as employers may like.First, The Voucher Shop’s survey of NHS staff found that more than half ...
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ArticlePension scheme membership increased in 2014
Participation in pensions has one again increased in 2014, according to research by the Office for National Statistics (ONS).Its 2014 Annual survey of hours and earnings: summary of pension results found that the proportion of employees who belong to a workplace pension increased from 50% to 59% in 2014, the ...
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ArticleHigh Court rules on Merchant Navy Pension Fund deficit regime
Employers Stena Line, P&O Ferries and Sealion Shipping will see a reduced burden on plugging the Merchant Navy Ratings Pension Fund’s (MNRPF) £300 million deficit following a High Court ruling.The organisations, along with 40 others, have contributed towards the deficit since 2001 under its old funding regime.The decision, handed down ...
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ArticleMet Office staff strike over pay freeze
Met Office employees walked out for three hours yesterday (26 February) due to a dispute over pay. Around 300 weather service workers based at the organisation’s Exeter office, as well as staff based in Aberdeen, Edinburgh and other frontline stations participated in the strike action.All are members of trades union ...
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Article?GlaxoSmithKline focuses on holistic wellbeing strategy
GlaxoSmithKline (GSK) has developed its holistic health and wellbeing programme on a global scale and focused its strategy to meet the needs of the business.In a session at Employee Benefits Connect on 4 March titled ‘Building a holistic employee wellbeing strategy’, Dr. Philip Gibbs, director of product development, quality assurance ...
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ArticleEmployee Benefits digital magazine - March 2015
Read this month’s articles in the digital magazine by clicking the links below, or read the online versions by using the links to the right under ‘Related articles’ (these articles will go live in stages during March 2015).How to createan integerated financial wellbeing strategy toupport business needs. Read more in ...
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ArticleAldermore awards staff £1,000 share bonus
Aldermore has granted each of its 875 employees up to £1,000 in free shares following its initial public offering (IPO) on the London Stock Exchange. The bank, which lends to individuals and small- and medium-sized businesses (SMEs), offered staff £200 worth of shares for every year that they have worked ...
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ArticleAdmiral staff to receive £3,000 worth of shares
More than 7,000 Admiral employees will each receive £3,000 worth of free shares into the insurance provider’s share incentive plan (Sip).According to the organisaiton’s Annual results 2014 report, this will cost some £8.6 million should all staff remain eligible for the scheme.This is an increase from the £7.6 million spent ...
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ArticleJust 15% have a clear retirement plan in place
Just 15% of reposondents hoping to retire in the next 12 months have put together a retirement plan, according to research by Fidelity Worldwide Investment.Its Class of 2015 report, which surveyed 500 employees planning to retire between April 2015 and March 2016, found that only 15% of respondents have done ...
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Article40% of employers see sickness absence rates improve
Two in five (40%) UK employers have seen sickness absence rates improve over the past 12 months, according to research by group risk industry body Group Risk Development (Grid).Its Group risk employer research found that this was a 6% increase on last year. In comparison, just 15% of respondents felt ...
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ArticleStaff contribute average of 5% to pensions
The average employee monthly contribution to a workplace defined contribution (DC)pension scheme in the UK is 5% of their monthly salary, according to research by The Chartered Institute of Personnel and Development (CIPD).Its Employee attitudes to pay and pensions report, which surveyed 2,255 working adults, also found that 43% of ...
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Article51% not confident Pension Wise will deliver support
More than half (51%) of employer respondents are not confident that the government’s guidance guarantee Pension Wise service will provide their employees with adequate support around decisions at retirement, according to research by Hymans Robertson.The pensions and risk consultancy’s research, which questioned 100 HR directors in organisations with more than ...
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Article60% of employees suffer from financial stress
Just under two-thirds (60%) of US workers are significantly burdened by financial stress, according to research by asset management firm State Street Global Advisors.Its biannual Employee retirement survey, which surveyed 1,000 employees aged between 20 and 69, also found that the key triggers of stress were mortgages, student loans, healthcare ...
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Article65% of parents want to share parental leave
Approximately two-thirds (65%) of respondents want to share parental leave with their partner, according to research by Enterprise Rent-A-Car.Its study of 1,006 men and 1,006 women aged 18-48, and 100 recruitment decision-makers, also found that 70% of male and 61% of female respondents intend to make use of shared parental ...
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ArticleLess than a quarter of staff confident about retirement savings
Less than a quarter (24%) of UK employees are confident about their retirement saving plans, according to research by MetLife Employee Benefits.Its UK employee benefits trends study, which surveyed 300 HR directors and 300 UK employees, also found that just under half (47%) of respondents said their biggest financial concern ...
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ArticleFCA acts to support choice in retirement
The Financial Conduct Authority (FCA) is to introduce remedies designed to support choice in the retirement market in light of the forthcoming pension reforms.Its final Retirement income market study proposes five remedies for employees with defined contribution (DC) pension pots to help make competition work for those looking at drawdown ...
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ArticleAon partners with Blackrock to launch new DC pension
EXCLUSIVE: Aon Employee Benefits has partnered with Blackrock to launch a new defined contribution (DC) pensions scheme, which will be officially launched at Employee Benefits Connect today (4 March).The product, Bigblue Touch, combines Aon’s Bigblue technology with Blackrock’s investment and administration services.It aims to give scheme members access to financial ...