All Employee Benefits articles in Web Issue – Page 832
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Article
Closing teacher car scheme exclusion could save teachers four times as much as a 1% rise and cost government nothing
This article is written by our channel sponsor, Tusker.The government could save state-maintained school teachers £1,300 a year – over four times more than the benefits of a one per cent pay rise – and at no cost to the taxpayer.State-maintained school teachers are currently excluded from accessing salary sacrifice ...
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ArticlePension scheme members withdraw £1 billion from pots
Pension scheme members have withdrawn more than £1 billion from their pension pots since the introduction of the new freedoms in April 2015.Chancellor George Osborne (pictured) announced that more than 60,000 people have made use of the reforms, which allow members of defined contribution (DC) schemes aged over 55 to ...
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ArticleJust 10% offer mental health training
Only one in 10 (10%) of employers offer mental health training to managers, according to research by Jelf Employee Benefits and manufacturers’ organisation EEF.The study, which surveyed 345 employers, also found that 80% of organisations do not measure the cost of absence.The research also found:Overall sickness absence levels remain low ...
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Article
Today’s top 10 salary sacrifice car choices – by the UK’s leading provider Tusker
This article is written by our channel sponsor, Tusker.Top 10 salary sacrifice models ordered in the first quarter of 2015: Nissan JukeAudi A3Toyota AygoPeugeot 208Nissan QashqaiRenault CapturAudi A1Ford FiestaRenault ClioToyota YarisTop 10 salary sacrifice manufacturers through orders made in the first quarter of 2015:NissanAudiToyotaPeugeotCitroenRenaultVolkswagenMercedes-BenzKiaAll-time top 10 salary sacrifice models ordered ...
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Article
100th car on StopGap scheme
This article is written by our channel sponsor, Tusker.Following the hugely successful launch of Tusker’s StopGap car scheme in 2012, providing drivers with the use of a car while they wait for their new salary sacrifice car to be delivered, the company has had to increase the size of the ...
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ArticleBuyer's guide to health screening 2015
Health screening comprises a range of assessments and tests that can help identify health risks at an early stage. They can help to keep a workforce fit and healthy by allowing employers and employees to take steps to reduce any health problems that are identified.Identifying health risks or issues can ...
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ArticleBuyer's guide to childcare vouchers 2015
Childcare vouchers were first introduced in the 1980s and originally only carried an NI exemption. The current tax exemption was introduced in 2005, then in 2011 the scheme went through a further change when the amount of vouchers that higher-rate tax payers could claim was capped to offer the same ...
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ArticleMost talked about news in May 2015
The agreement comprised cash contributions of £270m per year.The supermarket also consulted with employees on plans to close its DB pension scheme and replace this with a defined contribution (DC) scheme.“There is no doubt about it that the current scheme is one of the best, if not the best, on ...
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Article35% who have used pension freedoms are still working
Around a third (35%) of workers who accessed the pension freedoms in the first month after they came into effect in April 2015 were still working at the time, according to research by Hargreaves Lansdown.Its study, which surveyed 304 employees who drew pension benefits in the first weeks after the ...
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ArticleRoyal Mail staff to receive £50 million worth of shares
Royal Mail employees are to receive £50 million worth of free shares, business secretary Sajid Javid announced today.Its 1,500 members of staff already own 10% of the organisation.Javid said: “Employees currently comprise an important part of Royal Mail’s shareholder base. I believe there is merit in rewarding the employees of ...
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Article59% unaware of employer pension contributions
Some 59% of employees are unaware of how much their current employer contributes towards their pension, according to research from life insurance, pensions and asset management provider Aegon.The study, which surveyed approximately 3,000 adults, also found that two in five (41%) of respondents do not know how much they are ...
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Article60% of fathers lack suitable working pattern
Half (50%) of working fathers believe that flexible working is perceived as a sign of a lack of commitment to their role, according to research from My Family Care, published in June 2015.The My Family Care fathers’ survey had 1,030 respondents in total: 1,000 fathers took part in the survey ...
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ArticleTibbalds increases employee ownership to 60%
Tibbalds Planning and Urban Design has increased employee ownership to 60%.The independent planning, urban design and architecture consultancy introduced majority employee ownership earlier this month when its employee ownership trust (EOT) bought shares from the organisation’s four founders: Hilary Satchwell, Jane Dann, Jennifer Ross and Sue Rowlands.The move is part ...
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ArticleLifestyle default funds fall 9% in four months
Lifestyle pension default funds have lost 9% of their value in four months, according to research by Hargreaves Lansdown.Its study, which is based on the average rate of return for all Hargreaves Lansdown savers using a lifestyle fund, also estimates that 720,000 pension savers are currently invested in default funds.The ...
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ArticleAberdeen Asset Management improves financial education for its own staff
Aberdeen Asset Management is running a number of financial education seminars for its 2,000 employees. A number of different topics have been covered to appeal to all age ranges, from learning how to get on the housing ladder to how to make a pension last longer.In the seminars, provided by ...
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ArticleGovernment plans action to cap pension freedom charges
The government is planning action to ensure pension scheme members accessing the pension freedoms are not charged excessive early exit fees.It will launch a consultation in July to ensure penalties are kept to a minimum and scheme members are treated fairly when moving their pension to a provider that offers ...
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AnalysisHow to align workplace health with the Public Health Responsibility Deal
If you read nothing else, read this…The Public Health Responsibility Deal was introduced in 2013 to tackle key health problems.It requires employers to commit to promote principles in their workplaces that tackle these issues.Employers can draw guidance from the principles and align their own health and wellbeing strategy to the ...
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ArticleDeloitte among top employers for working parents
Cafcass, Centrica, Deloitte and The London School of Economics and Political Science (LSE) are among the winners of the 2015 Top Employers for Working Families Special Awards.The sixth annual awards, which were founded by Working Families in partnership with the Institute for Employment Studies and sponsored by Computershare, recognise exceptional ...
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Case StudiesCarlsberg offers staff a refreshing approach to total reward
Nick Court, reward manager at brewing firm Carlsberg, believes that actively meeting staff is what makes benefits professionals understand what employees want and need in terms of total reward.He says: ”Total reward is more than just pay, it is a combination of pay, benefits, culture, learning and development.”Total reward at ...
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OpinionPenny Cogher: Complexities and uncertainties around pensions during insolvency
The Supreme Court judgment in the case of Trustees of the Olympic Airlines SA Pension and Life Assurance Scheme v Olympic Airlines looked at what connection a foreign employer must have with the UK to entitle an English court to wind it up, if its centre of main interests is ...