All Employee Benefits articles in Web Issue – Page 842
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ArticleAPL Logistics appoints Ramzan
Shabnam Ramzan has joined APL Logistics as Europe, Middle East and Africa (EMEA) Reward and HR Projects Specialist. She took up the role in October 2016.Previously, Ramzan has worked as compensation and benefits specialist at Hannover Ruck, benefits analyst at Maximus UK and compensation and benefits analyst at Invesco.
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ArticleBritish Army to offer flexible-working arrangements
The British Army is to offer troops the option of flexible working from 3 September in a bid to double its female workforce.The head of the army, General Sir Nicholas Carter, will also offer its 82,000 troops the opportunity to job share, share parental leave with a partner, or work ...
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ArticleCentrica awarded for carer support
Centrica and Unilever were among the winners of Business in the Community’s 2015 Responsible Business Gala Awards.Unilever picked up the Bupa Employee Wellbeing Award in recognition of its approach to mental health and the support it provides to its staff. The organisation has established a comprehensive mental wellbeing programme, which ...
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ArticlePrice Bailey awards staff free shares
Accountancy firm Price Bailey is to award its 300 employees with 2,500 shares each in the organisation. All employees that have worked at Price Bailey for more than a year will be eligible for the scheme, irrespective of their grade. They will receive shares valued at around £250.The value of ...
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Case StudiesThe benefits offered by Hyde Group
Pension:Trust-based defined contribution pension scheme, with the option to make contributions via a salary sacrifice arrangement available via flexContribution rates are set at 1%, 3%, 4% or 5%, which are doubled by the employer. Employees can pay more but employer contribution is capped at 10%A number of legacy trust-based defined ...
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ArticleBritish Sugar introduces holiday trading
EXCLUSIVE: British Sugar has introduced holiday trading to its flexible benefits offering and is launching a salary sacrifice company car scheme this month (July 2015).The food manufacturer has seen take up of holiday trading reach 10% of its 1,250 workforce since its launch.It has also made a straight saving of ...
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AnalysisTop tips to keep company car tax low
If you read nothing else, read this…Choosing low-emission cars will keep tax bills low.Green cars can boost employees’ interest and reduce tax.Benefit-in-kind (BIK) tax is determined by the car’s list price and CO2 emissions.To keep costs low, employers must first do their homework about the costs associated with running a ...
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ArticleCarlsberg UK introduces financial education
EXCLUSIVE: Carlsberg UK has introduced a financial education and wellness programme for its 900 employees in an attempt to develop their overall wellbeing.The brewing firm already has an employee wellness programme in place, which includes health checks and assessments and health insurance. It has now added financial education to complete ...
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ArticleChancellor confirms fuel duty freeze
Summer Budget 2015: The government has once again confirmed that fuel duty will continue to remain frozen in today’s (8 July) Summer Budget 2015. Chancellor George Osborne originally cancelled the fuel duty increase planned for September in his 2014 Budget.Overall, action on fuel duty since 2011 will save a company ...
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Article
Pension freedom charges differ vastly
The difference in charges between the cheapest and most expensive companies offering income drawdown under the pension freedoms could total £3,000 over 10 years, according to research by Which?Its analysis of eight insurance companies and ten investment brokers offering full pension freedom found that an individual with a pension pot ...
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OpinionEffective financial education for those considering retirement
The most radical pensions overhaul in nearly a century has arrived. These changes offer employees in a defined contribution (DC) scheme who are aged 55 or over greater flexibility in how to access their pension. But without the right financial education, employees could be left incredibly vulnerable to making poor ...
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ArticleCourt rules on voluntary overtime in holiday pay
A tribunal in Northern Ireland rejected a council engineer’s claim of unlawful deductions from wages, and concluded that voluntary overtime should not be included in holiday pay.In the case of Patterson v Castlereagh Borough Council, Mr Patterson brought the claim forward on the basis that the calculation of his holiday ...
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ArticleVehicle excise duty to be reformed
Summer Budget 2015: Chancellor George Osborne has announced that vehicle excise duty (VED) will be reformed in his Summer Budget 2015.The changes will affect new cars registered from 1 April 2017. There will be no changes to VED for existing cars.First-year rates will depend on the car’s carbon dioxide emissions, ...
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ArticleOracle revamps financial education programme
EXCLUSIVE: Oracle has revamped its financial education programme for its 5,800 UK employees.The technology firm opted to revamp its financial education programme and introduce pensions advice to counteract the challenges surrounding the ageing workforce.To highlight the importance of the programme, which is provided by Secondsight, Oracle introduced a strategic email ...
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OpinionLovewell's Logic: Extending support for working mothers
My first thought when I read this was how great it is to see an organisation really taking strides to go the extra mile in its support for working mothers. Leaving a child to travel on business can be difficult enough as it is, even more so if a mother ...
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ArticleRetirement income a priority for half of retirees
Almost half (47%) of adults feel that securing a guaranteed retirement income is a priority when covering essential expenses, according to a study from asset management firm Fidelity Worldwide Investment.The study, which surveyed 1,014 UK adults over the age of 55, also found that just 39% plan to purchase an ...
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ArticleTop 15 most visited stories online in June
1. Virgin Management offers a year’s parental leave on full pay2. Queen’s Speech confirms legislation on tax and NI3. British Gas appeals holiday pay decision4. Government to press ahead with pensions agenda5. DLA Piper increases maternity benefits6. Simplyhealth sells PMI business to Axa PPP Healthcare7. Willis Employee Benefits partners Benefex8. ...
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Article
Compliance developments impacting benefits in June
The Employment Appeal Tribunal (EAT) has returned a case to a tribunal for a re-hearing to consider whether redundancy dismissal, where the timing meant an employer avoided significant pension costs, could amount to age discrimination.Compensation received by an employee to settle a discrimination claim is not taxable as earnings, a ...
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ArticleRos Altmann: Should employers take more responsibility for employees' retirement savings?
After all, pension provision costs are part of the overall remuneration package, so if employers pay more into pensions there will be less left for salaries.Forcing employers to do more is not necessarily what staff need, and employers are already helping with retirement savings as auto-enrolment rolls out to all ...
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Article65% would adapt lifestyle for healthy later life
Just over a third (35%) of office workers do an hour or less of physical exercise a week, according to research by charity Age UK and healthcare provider Bupa.The research, which surveyed more than 2,000 UK adults, also found that 9% do not engage in any form of physical exercise.In ...