All Employee Benefits articles in Web Issue – Page 841
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Article21% gender pay gap for general marketeers
Male general marketeers earn 21% more than their female counterparts, according to research from Employee Benefits’ sister brand Econsultancy, with collaborations from Design Week, Creative Review and Marketing Week.Its Salary survey 2015 report: digital specialists vs general marketers, which surveyed 1,815 digital marketing specialists and 2,723 general marketeers, also revealed ...
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Article21% provide a car cash allowance
Half of respondents (54%) to the Employee Benefits/Alphabet Fleet research 2015 choose to source their company cars through a contract hire arrangement, while 22% use finance leasing and 21% provide a cash allowance for employees to buy their cars independently.Ease of management is respondents’ key factor in choosing how company ...
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Article26% of older workers do not want education on retirement issues
Around a quarter (26%) of respondents between the ages of 56-65 do not want any financial education on retirement and pensions issues, according to research by financial solutions organisation Partnership.The research, which surveyed 2,000 people over the age of 21, also found that 18% of 21-30 year olds did not ...
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Article35% outsource fleet management
There are three main ways in which employers manage company car schemes, according to the Employee Benefits/Alphabet Fleet research 2015.The most popular way is to outsource fleet management completely to a specialist provider, as cited by 35% of respondents. The second most common option is to manage the fleet in-house ...
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Article43% say fit notes do not aid return to work
Almost half (43%) of respondents believe that the government’s fit note is not helping staff to return to work, according to research by manufacturers’ organisation EEF and Jelf Employee Benefits.The study, which surveyed 345 employers, also found that less than a quarter (22%) of respondents think that the fit note ...
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ArticleInsurance premium tax to rise to 9.5%
Summer Budget 2015: The insurance premium tax rate will rise from 6% to 9.5%. The increase, which was revealed by Chancellor George Osborne in his Budget announcement yesterday (8 July), will come into force in November 2015.Osborne said: “Britain’s insurance premium tax is well below tax rates in many other ...
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Article54% are reducing fleet emissions
More than half of employers (54%) are taking steps to make their fleets more environmentally friendly and to reduce carbon emissions, according to the Employee Benefits/Alphabet Fleet research 2015.While a third of respondents (33%) believe that company cars will always be part of the benefits package, and others cite that ...
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Article61% to work past target retirement age if savings are insufficient
Around two-thirds (61%) of UK employees plan to continue working if they have not saved enough by their target retirement age, according to research from Aegon.The study, which surveyed 4,000 UK adults, also found that 64% of respondents are not confident about retiring at their target age of 63.The research ...
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Article72% offer optional car cash allowance
Almost three-quarters (72%) of employers offer an optional cash allowance as an alternative to employees taking a company car, according to the Employee Benefits/Alphabet Fleet research 2015.Just 13% do not offer a cash allowance, while 15% offer this on a compulsory basis.The reasoning behind this is to give staff more ...
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Article82% have a staff travel policy
Staff expenses is the most common component of a staff travel policy, according to 88% of respondents to the Employee Benefits/Alphabet Fleet research 2015.The other top elements included in a policy include air travel (87%), train fares (85%) and hotel costs (85%).Operating a staff travel policy is a common arrangement ...
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Article83% opt to take entire pension pot in cash
Since the introduction of the new pension freedoms in April, 83% of those that have taken up the new options have chosen to take all of their pension savings as cash, according to data from BlackRock’s workplace pensions business. Data based on 1,152 people aged 55 and over who have ...
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ArticlePearson makes £90m pension pledge
Pearson will make a £90 million contribution to its group pension plan following the sale of the Financial Times Group to Asian media organisation Nikkei Inc.Pearson has also committed to funding its group pension plan to self-sufficiency in the near-term.The agreement with Nikkei was announced on 23 July. The assets ...
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ArticleABInBev introduces financial education
EXCLUSIVE: ABInBev, the world’s largest brewer, has introduced a financial wellness programme for its 1,000 UK employees.The organisation, which owns brands such as Stella Artois, Budweiser and Corona, will be launching the financial education programme at events at four ABInBev sites, including its UK headquarters in Luton.The events, which will ...
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ArticleAxa gains approval for Simplyhealth acquisition
The UK Competition and Markets Authority (CMA) has granted approval for Axa UK’s acquisition of Simplyhealth’s private medical insurance (PMI) business.The transaction, which was first announced in May 2015, is aimed at strengthening Axa’s presence in the UK healthcare market.Following the sale of its PMI business, Simplyhealth will continue to ...
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ArticleGovernment to actively monitor salary sacrifice
Summer Budget 2015: No immediate changes to salary sacrifice schemes were announced by Chancellor George Osborne during his Budget speech yesterday (8 July).However, in the Budget documents it is noted that the government will actively monitor salary sacrifice schemes and their impact on tax receipts.The documents state: ‘Salary sacrifice arrangements ...
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ArticleMore staff are seeking pensions advice from employers
Over a third (37%) of employers believe that the pension freedoms have encouraged them to play a greater role in financially educating their employees.The study from Close Brothers Asset Management, which surveyed 685 employers, also found that 33% of respondents have seen an increase in staff seeking advice on their ...
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ArticleHow the Budget affects employee benefits
Chancellor George Osborne, announced the Summer Budget yesterday (8 July).Below is a summary of all the key announcements impacting employee benefits:The government is to consult on a reformation of pensions tax relief by publishing a green paper shortly, setting out the various options. These choices range from fundamental reforms, for ...
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ArticleAgilisys launches employee ownership trust
IT and business services firm Agilisys has launched an employee ownership trust. Through the trust, Agilisys’ 1,800 staff now own a majority shareholding (50%) in the firm.The move forms part of Agilisys’ plans to evolve the business.Employees in an employee-ownership trust organisation can receive income tax free bonuses of up ...
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OpinionMaking the most of tax-free mileage allowances
Whenever the subject of tax-efficient car benefits comes up these days, people naturally think of salary sacrifice.However, there are other travel-related areas where employers and business drivers can maximise the value of tax reliefs and allowances. For instance, anyone who receives a cash allowance in lieu of a company car ...
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ArticlePostcode Anywhere becomes employee owned
EXCLUSIVE: Postcode Anywhere has launched an employee ownership trust.The Worcester-based software business is now 100% owned by its employees following its two founders, Jamie Turner and Guy Mucklow (both pictured) implementing an enterprise management incentive scheme (EMI) to give all Postcode Anywhere employees the opportunity to own a share of ...