All Employee Benefits articles in Web Issue – Page 836
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ArticleTalkTalk and UKTV shortlisted for engaging benefits
TalkTalk and UKTV are among the employers shortlisted for the award ‘Most engaging benefits package’ at the Employee Benefits Awards 2015.This award, sponsored by Personal Group, recognises employers that have used benefits within their wider strategy to engage employees within the organisation.The full category shortlist is:Lidl – Team LidlTalkTalkUKTVVaultex UKThe ...
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ArticleCentralising global benefits held back by operational realities
Multinational employers are building infrastructures to manage employee benefits globally by centralising benefits decision making but this is ahead of the operational realities, according to research by Aon Global Benefits.Its 2015 Global benefits survey, which surveyed 184 respondents specialising in global benefits and reward, found that a lack of centrally ...
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ArticleNAPF appoints Lesley Williams new chair
The National Association of Pension Funds (NAPF) has appointed Lesley Williams its next chair.She will succeed Ruston Smith, whose two-year tenure will end at the NAPF’s annual general meeting (AGM) in October 2015. Williams will assume her responsibilities after the AGM for a two-year term.Williams is group pensions director at ...
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Article17,000 Tata Steel staff to strike over pensions
More than 17,000 Tata Steel employees will strike on 22 June in an ongoing dispute over the organisation’s pension scheme changes. The action will include a ban on overtime and work-to-rule will be carried out next week by employees.The dispute is over the closure of the steel workers’ final salary ...
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ArticleCompliance developments impacting benefits in May
The Pensions Regulator (TPR) issued its first four escalated auto-enrolment penalties, which range from £50 to £10,000 a day depending on the severity of the breach.The Employment Appeal Tribunal (EAT) ruled that employers are not always required to make reasonable adjustments and create the ideal job for an employee returning ...
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ArticleCharles Cotton: Should benefits professionals get to know their staff?
To coin a phrase, ‘it’s good to talk’, and, according to the latest Employee Outlook survey by the the Chartered Institute of Personnel and Development (CIPD), published in March 2015, there is a clear link between employer communication and pay satisfaction.Of those employees who reported a pay rise in ...
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Supplier article
Research reveals surprising support for increases to AE contributions levels
The survey of more than 200 senior HR and finance professionals found that more than three in four (76 per cent) employers believed that an increase in pension contribution levels should be made. Only 15 per cent of respondents felt that no increase was necessary.The findings also reveal that 85 ...
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Supplier article
Are auto-enrolment pension contributions set to go up?
This topic did not feature in the election debate on pensions, yet now that the dust has settled on a new majority administration Conservative government, and indeed a new pensions minister in the form of Dr Ros Altmann, we suspect that this subject will soon rise towards the top of ...
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Supplier article
Company sick pay – new findings
The insurer rightly points to the self-employed and those on zero-hours contracts as the grouping most exposed to this issue. Yet that overlooks that many employers – often established businesses with sizable workforces – offer nominal or no sick pay cover to their employees. And many more have a sick ...
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ArticleJust 6% of jobs offer flexible working
Only 6% of full-time job roles with a salary of more than £20,000 offer workers the option of flexible working, according to research by flexible hiring specialist Timewise.The Timewise flexible jobs index, which analysed 3.5 million UK-based job vacancies, found that 6% of roles in the £20,000-£29,999 wage bracket embrace ...
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ArticlePay reaches £100,000 for over 400 TFL staff
The number of employees working for Transport for London (TFL) earning a total remuneration package over £100,000 has reached more than 400 for the first time. This represents an increase of some 87 employees at the organisation, rising from 326 in 2013/14 to 413 in 2014/15.There was also an increase ...
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ArticleBibby Financial Services shortlisted for total reward
Bibby Financial Services and Simplyhealth are among the employers shortlisted for the award ‘Best total reward strategy’ at the Employee Benefits Awards 2015.For this award, the judges were looking for an employer that has successfully integrated its reward offerings into a single ‘total reward’ strategy, which might include pay and ...
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Supplier article
The case for international diversification (Investment Insight)
By Global Equities Team, AberdeenThe benefits of investing internationally have been well documented and yet investors have continued to invest a disproportionate amount in stocks listed on their home market. This phenomenon, termed ‘home-bias’, became apparent following the most recent global financial crisis. Starting in the US with sub-prime mortgages ...
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ArticleMEC UK improves employee wellbeing and motivation
EXCLUSIVE: Media advertising agency MEC UK has seen its staff health and wellbeing, productivity and motivation all improve in the first year of launching its ‘Smarter Working’ initiative.The scheme, which launched in June 2014 for its 560 employees, scraps the accrued hours rule and takes flexible working one step further ...
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ArticleGovernment to encourage higher pension contributions
The new Conservative government will encourage employers and employees to increase their pension contributions with incentives, according to Chris Curry, director at the Pensions Policy Institute (PPI), who will be speaking at the Employee Benefits Wired Post-Election Pensions Update.Curry also believes that the government is likely to give a lot ...
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ArticleNottingham City Council and Arup make benefits team shortlist
Arup, Engine Group and Nottingham City Council (pictured) have been shortlisted for ‘Benefits team of the year’ at the Employee Benefits Awards 2015.This award, sponsored by Buck Consultants at Xerox, celebrates how an in-house benefits team worked together to deliver benefits that meet the HR and business strategies of the ...
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Supplier article
Is control of your business at risk?
Ask yourself:If a co-owner died or suffered a critical illness, is the control of your business under threat?If the worst happened, what would your family receive?If it was you who died, would your family receive a fair value for your share of the business?Here’s some more questions to consider:What is ...
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Supplier article
Rethinking Retirement
By Henry CobbeThe new pensions freedoms that came into force this April allow much more flexibility on how to invest for and in retirement.This flexibility is welcome and overdue. It also means that advisers have a more important role than ever in helping their customers navigate the multi-dimensional world of ...
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Supplier article
Innovation needed for investing in retirement
By Henry CobbeThe new pension freedoms means that advisers have a key role to play in helping their clients get the retirement they expected. In most cases, that’s unlikely to be a simple choice between cash, drawdown or annuity, but more of a combination of each to match a client’s ...
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ArticleTop 10 most read stories this week
The top 10 most read stories between 5 and 11 June on employeebenefits.co.uk:1. Virgin Management offers a year’s parental leave on full pay2. Evidera achieves cost-neutral flexible benefits scheme3. Ceridian launches reward and recognition platform4. Prison guards form dance troupe to attract staff5. TalkTalk and UKTV shortlisted for engaging benefits6. ...