All Employee Benefits articles in Web Issue – Page 816
-
AnalysisHow to review a pensions governance policy
If you read nothing else, read this…A pensions governance policy is key to ensuring employers comply with their workplace pension duties.A governance policy can cover scheme administration, contribution payments, communications and legal issues.Employers should review a governance policy to make sure a scheme provides the best outcomes for members.In January, ...
-
AnalysisNew trends in international private medical insurance
If you read nothing else, read this… Many employers have traditionally accepted the relatively high cost of international private medical insurance (IPMI).The performance of unnecessary medical procedures is helping to maintain high IPMI costs in some countries.But employers can help to reduce costs by dictating the hospitals in which their ...
-
ArticleEmployee Benefits digital magazine - April 2015
Read the full digital April edition of Employee BenefitsWhy should organisations take steps to shelter themselves against employee benefit-related risk? Read how they can do so in Protective measures.Some employee benefits attract tax and national insurance exemptions, so it is essential that employers keep up to date with the rules ...
-
Case StudiesThe Attachmate Group tackles risk management around international staff
But ensuring that its perks are fair and competitive can be a challenge, particularly when it comes to ensuring that it remains up to date with legislative changes.Ian Wright, director, global compensation and benefits, at The Attachmate Group, says: “The main challenges are knowing exactly what benefits are offered and ...
-
Supplier article
The Budget 2015: a brief overview
Changes on the pensions horizon…Changes to the pension rules have previously been announced and are set to alter the way we take an income at retirement. From 2016–17, it is proposed that access to the new flexibility will be extended to annuitants by allowing them to sell their annuities. The ...
-
Article31% of staff believe employers should aid weight loss
Almost a third (31%) of employees believe their employers should help them lose weight, according to research by PMI Health Group.Its study, which surveyed 582 adults aged 16-64, who are currently in full or part-time employment in Great Britain, found that this figure rose to 41% in Scotland and 38% ...
-
ArticleLuton Town Football Club to pay living wage
Luton Town Football Club (FC) is the first football league club to be accredited as a living wage employer.The club has committed to paying all employees the national living wage of £7.85, whether they are permanent staff or third-party contractors and suppliers.The national living wage is an hourly rate set ...
-
ArticleEmployee Benefits Awards 2015 shortlist announced
BNP Paribas, BT Group, Clifford Chance, EE, Lidl and Universal Music Group are among the employers shortlisted for the Employee Benefits Awards 2015.In total, there are 24 categories, which will award employers that have excelled in a number of areas of employee benefits including pensions, healthcare, flexible benefits, communication and ...
-
Supplier article
Auto-enrolment: pay attention or pay the price
To date, we have seen circa 43,000 of the UK’s biggest employers progress through staging and, despite them having both HR and payroll resources, many have struggled, with around 40 per cent already reviewing what they have put in place. Now it’s time for the smaller employer and with companies ...
-
Supplier article
Health Shield announces record annual results in 2014
Premium income rose to more than £29m, the highest level in the company’s 138-year history. Health Shield also saw its highest annual increase in the recruitment of new members, rising to 70,370. The friendly society now covers 205,718 members and their families.Health Shield key results:Seven per cent rise in earned ...
-
Supplier article
The impact on state benefits…
The following is a direct extract from the paper:“Deprivation rule; if you spend, transfer or give away any money that you take from your pension pot, DWP will consider whether you have deliberately deprived yourself of that money in order to secure (or increase) your entitlement to benefits. If it ...
-
Supplier article
Pension Wise — now taking calls…
You may also recall that he promised that every saver would have access to free and impartial guidance to help people understand the significant range of choice now available to them. This second promise has arguably proved more problematic for the government to deliver than the first, and it is ...
-
Supplier article
Fit for Work — where next?
The service is already available in parts of Wales and the Sheffield area, and the rollout map from the FFW website shows the remaining geographical areas, and indicates which ones will be able to access the service in the (fairly) near future. This will therefore be of use to any ...
-
ArticleAuto enrolment opt-out rates remain low among new recruits
Auto-enrolment opt-out rates have remained low among employees recruited after large employers began complying with the legislation, according to research by consultancy Towers Watson.Its FTSE 350 defined contribution pension survey, which analyses the changes and trends in pension provision among the 350 largest UK-listed organisations, found that the average opt-out ...
-
ArticleUK salaries set to increase 3% in 2015
Pay for UK employees is set to increase by 3% for 2015, according to research by Aon Hewitt.Its Global salary increase survey surveyed 560 organisations, representing 5,390 employers in 121 countries, This included 215 UK organisations.The 3% projection is consistent with findings from the last three years, in which salary ...
-
ArticleVote for Employee Benefits at Towers Watson Media Awards
Employee Benefits has been nominated for the Best Pensions/Benefits Publication of Year Award at the 2015 Towers Watson Media Awards. The awards recognise excellence in business journalism and this year we would like readers to register their vote to give Employee Benefits magazine the best chance to gain industry recognition ...
-
Article
Workplace financial education grows by 121%
EXCLUSIVE: The proportion of respondents that offer, are in the process of introducing or are considering offering financial education in the workplace has risen by 121% in the past year, according to research by Nudge Global. Its Financial education the definitive guide 2015 report, which surveyd 252 HR and benefits ...
-
ArticleTesco agrees pension deficit funding of £270 million
Tesco has agreed a pension deficit funding plan with its trustee for its defined benefit scheme, comprising cash contributions of £270 million per year.The supermarket giant is also consulting with employees on plans to close its defined benefit (DB) pension scheme and replace this with a defined contribution (DC) scheme.Tesco ...
-
Article32% will not have sufficient pension pot by age 65
Almost a third (32%) of respondents believe they will not have a sufficient pension pot to fund their retirement by the age of 65, according to research by Canada Life Group Insurance. Its research, which surveyed more than 850 employees, found that 14% intend to continue working past the traditional ...
-
Article47% plan to semi-retire
Almost half (47%) of working people plan to semi-retire before finishing their working life completely, according to research by HSBC.Its The future of retirement choices for later life report, which surveyed 16,000 people in 15 countries, also found that 29% of current retirees initially took semi-retirement.The study also found:43% intend ...