All Employee Benefits articles in Web Issue – Page 817
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Article63% of staff prefer to manage pensions online
Just under two-thirds (63%) of respondents who belong to a workplace pension scheme would prefer to manage their retirement savings online or via an app, according to research by Aegon.Its survey of 2,000 UK adults, including 1,532 pension scheme members, also found that 64% of respondents would use a facility ...
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Article63% of European staff satisfied with long-term incentive plan
Just under two-thirds (63%) of European employee respondents are highly satisfied with their long-term incentive plan (L-tip), compared to 42% in North America and 59% in the rest of the world, according to research by the Global Equity Organisation (GEO).Its Global equity insight 2015 report, which surveyed 144 organisations in ...
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Article72% of staff interested in eldercare perks
EXCLUSIVE: Almost three-quarters (72%) of people are interested in receiving eldercare as an employee benefit, according to research by Allianz Global Assistance.Its study of 200 UK adults also found that 27% said balancing work and home life is their biggest concern when caring for elderly relatives.The research also found:More than ...
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Article82% of savers positive about pension reforms but worry about risks
More than four-fifths (82%) of employees are positive about the imminent pension reforms which come into effect on 6 April, but many remain worried about the risks attached, according to research by the National Association of Pension Funds (NAPF).Its Understanding retirement research, which surveyed 850 savers aged 55-70, found that ...
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ArticleE.On informs staff about childcare and pension reforms
EXCLUSIVE: E.On has been educating its 11,000 employees about shared parental leave, the forthcoming changes to tax-free childcare policy and what the newly implemented pension freedoms mean for them.The energy organisation sent out emails to its employees about its parental leave policy, as well as placing a summary on its ...
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ArticleRoffey Park informs staff about pension freedoms
EXCLUSIVE: Roffey Park Institute has informed all 80 employees about the pension changes that came into effect on 6 April.The leadership institute educated staff about the pension freedoms via a verbal summary given by line managers and an internal email.The email, which was sent to staff on 2 April, offered ...
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ArticleFriends Life partners Foster Denovo on pensions advice
Friends Life and Foster Denovo have partnered to provide employees with advice relating to the pension freedoms which are due to come into effect on 6 April.Through the arrangement, employees who contact Friends Life about their new options with retirement savings will be referred to Foster Denovo if they request ...
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ArticleArup boosts benefits take up among generation Y staff
EXCLUSIVE: Arup has seen increased take up of the benefits it offers to cater for generation Y employees.The organisation takes on around 200 to 300 graduates a year, which has changed what employees want from the firm.As a result, the professional services firm has seen take up of new benefits, ...
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ArticleJohn Lewis appoints DC pension provider
The John Lewis Partnership has appointed Legal and General as bundled administration provider to the defined contribution (DC) section of its pension scheme.The appointment is part of the retailer’s implementation of its new hybrid pension arrangement, comprising both DC and defined benefit (DB) sections.In February, John Lewis announced plans to ...
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ArticleNews UK and Sony awarded for pensions quality
Jobs and Business Glasgow, News UK and Sony UK are among the organisations that have been awarded the Pension Quality Mark (PQM) in recognition of the quality of their defined contribution (DC) pension schemes. Sony UK has achieved the PQM Plus award for its scheme’s contribution rates, good governance and ...
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ArticleScottish Power increases benefits engagement
EXCLUSIVE: Scottish Power has increased employee engagement with benefits after switching from online to paper-based total reward statements.Since the launch of its paper statements in November 2014, 70% of the energy firm’s employees either strongly agreed or agreed that they appreciated the benefits offered by their employer.More than 70% of ...
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ArticleDLA Piper increases maternity benefits
EXCLUSIVE: DLA Piper is offering an enhanced shared parental leave (SPL) policy for its 2,100 employees. The global law firm has also increased its maternity benefits from 14 weeks on full pay, followed by statutory pay until the 39th week, to 22 weeks on full pay. Its enhanced SPL policy ...
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ArticleMoog Controls boosts pensions engagement
Moog Controls has boosted pensions engagement by more than 150% through its bespoke financial education workshops.The manufacturer of precision motion controls organisation, which helped design the Wimbledon electric roof, focused its education on helping employees make more informed investment decisions.It ran four interactive pilot workshops, provided by Jelf Employee Benefits, ...
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ArticleEmployees keen to cash in or drawdown pension pots
Savers looking to access their pension pots following the introduction of the new pension freedoms on 6 April are more likely to take savings as cash or go into drawdown, according to early analysis by several pension providers.Fidelity Retirement Services found that, from around 200 calls, a quarter of people ...
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ArticleEmployers not required to create ideal job for returning employee
The Employment Appeals Tribunal (EAT) has ruled that employers are not always required to make reasonable adjustments and create the ideal job for an employee returning from sickness absence. In the case of Makuchova v Guoman Hotel Management, Makuchova claimed that no adjustments were made to help her return to ...
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HSBC increases financial education provision
HSBC is increasing the financial education available to its 45,000 UK employees ahead of changes to its pensions schemes due to come into effect in July. The banking firm’s programme, KnowYou, which launched in 2013, aims to educate employees about its operational changes.Its strategy is to focus on education and ...
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ArticleKPMG and Santander top employers for women
KPMG, Santander and Marks and Spencer are among the employers that have been named in The Times’ Top 50 Employers for Women 2015.The list, which is compiled in partnership with Opportunity Now the gender equality campaign from Business in the Community, identifies and celebrates employers that can demonstrate best practice ...
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EY to offer enhanced shared parental leave
EY is to offer an enhanced shared parental leave (SPL) policy for eligible members of staff. The professional services organisation will offer additional pay on top of the statutory entitlement for 39 weeks by offering eligible staff 6 weeks leave at full pay, followed by 33 weeks at half pay. ...
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ArticleHalf of savers miss tell-tale signs of pension scams
More than half of pension scheme savers aged over 50 are missing tell-tale signs of potential scams and risky investments, according to research by Zurich.Its survey of 1,011 people in defined contribution (DC) pension schemes found that 38% of respondents would not be suspicious of an unsolicited letter, while 22% ...
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ArticlePunter Southall integrates wearable technology with income protection
Punter Southall Health and Protection Consulting (PSHPC) is to distribute and administer the first group income protection product linked to wearable technology.The product from the organisation’s Havensrock brand brings employee wellness and traditional income protection together. It is offered in partnership with Aviva.It also aims to engage all staff in ...