All Employee Benefits articles in Web Issue – Page 843
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Article50% find pensions terminology confusing
Almost half (45%) of employees would be willing to save more into a pension if they had a better idea of how they worked, according to research by Capita Employee Benefits.Its third annual Employee insight report, which surveyed 3,001 UK workers, also found that half (50%) of respondents find pensions ...
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ArticleBackdated limit on holiday pay claims takes effect
Employees bringing pay claims at employment tribunals from today (1 July) onwards will only be able to claim for unpaid wages for up to two years.The change to unlawful pay reductions was introduced in January to address concerns that rulings in recent holiday pay cases could lead to a high ...
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Supplier article
Health Shield’s Clare Bond competes with Team GB Cycling Team
A recipient of a liver transplant in 2010, Clare will compete in both the 20k road race and time trial events. Clare has previously competed in the British Transplant Games, achieving silver medals in the 400m and 800m track events, as well as the 10k women’s road race. This is ...
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ArticleGareth Hopkins: Should employers take more responsibility for employees' retirement savings?
There has been a trend for employers to move from trust-based pension arrangements to contract-based pension provision.Group personal pension (GPPs) plans are the go-to arrangement because they offer more flexibility compared with trust-based schemes. For example, an employee can keep contributing to a GPP once they leave their employer. However, ...
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ArticleJustine Tate: Should employers take more responsibility for employees' retirement savings?
Pensions are often seen as being complicated and confusing, resulting in people avoiding having much to do with them.Employers’ input is vital for those who prefer not to engage with pension saving and who would rather not make decisions for themselves. An employer’s active support of a good pension scheme ...
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ArticleOne million calls to insurers in month after pension freedoms
An announcement published by the Financial Conduct Authority (FCA) yesterday (1 July), states that over one million calls to insurers were made in the first month of the pension freedoms being in place. This represents an 80% increase year-on-year, and a significant rise in activity since the pension reforms came ...
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ArticleThe Co-Operative Bank receives living wage accreditation
The Co-Operative Bank has received living wage accreditation.All of the bank’s employees are paid at least £7.85 an hour, rising to £9.15 in London. The living wage, which is significantly higher than the national minimum wage of £6.50 an hour, takes into account the real cost of living in the ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on employeebenefits.co.uk between 25 June-2 July:1. Court rules on voluntary overtime in holiday pay2. Bring Your Dog to Work Day motivates staff3. IBM granted appeal against pension judgement4. Sky uses film imagery to increase flexible benefits take up5. Towers Watson and Willis Group to ...
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ArticleConfessions of a Benefits Manager: Candid is put at risk
The Higher Beings have been having extra meetings, and not even Big Bad Boss seems to know what it is about. A data room has been set up in the large conference room, but only managers from the top floor have been seen to go in, not even anyone from ...
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ArticleThe Michelin-star work lunch fit for space
Some employees have their lunch paid for by their employer, but one member of staff will be enjoying Michelin-starred food during his six-month mission to the International Space Station.While some workers may be lucky enough to receive a free lunch at work as an occasional benefit, and most astronauts have ...
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ArticleIntentions around pension freedoms have not resulted in action
The intentions of pension-aged savers around the pension freedoms have not resulted in them taking these actions after the reforms came into effect, according to research by pensions firm Avacade Future Solutions. Its research, which surveyed 2,003 pension holders aged 55 and over in April 2015, followed by a subsequent ...
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ArticleIncome drawdown sales up 64%
The number of income drawdown contracts sold by members of the Association of British Insurers (ABI) in the first quarter of this year increased by 64% compared to the corresponding period in 2014, research from ABI has revealed.Its Retirement income statistics Q1 2015 report found that income drawdown contract sales ...
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ArticleKantar adds holiday trading to flex
EXCLUSIVE: Kantar has added holiday trading, enabling staff to buy and/or sell holiday in 15-minute slots, to its flexible benefits scheme.This follows its move to monthly enrolment windows for its 3,124 UK staff.To date, 87% of employees have logged into its flexible benefits website. Kantar has also had 10,606 logins ...
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Article
HFM Columbus acquires Christchurch Benefits
Wealth management firm HFM Columbus has acquired Christchurch Benefits, a London-based employee benefits specialist.Under the terms of the acquisition, the existing team at Christchurch will remain in place.Jeremy Hoyland (pictured), chief executive officer of HFM Columbus, said: “For us, this has been a great opportunity not only to add £750,000 ...
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ArticleNest appoints new chief executive officer
Nest Corporation has appointed Helen Dean chief executive officer.Dean (pictured) is currently executive director, product and marketing at Nest.She will take up her new position this autumn, succeeding existing Nest chief executive, Tim Jones.Otto Thoresen, chair of the National Emp[loyment Savings Trust (Nest), said: “It’s fantastic news that we have ...
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ArticleFlexible working and holiday most important perks for staff
EXCLUSIVE: Around two-thirds (65%) of workers consider flexible-working options to be the most important staff benefit, according to research from marketing organisation Mintel.The study, which surveyed 1,000 full and part-time workers, asked respondents to consider which employee benefits are most important to them.Of those surveyed, 66% believe having over 20 ...
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Case StudiesBalreed boosts cancer awareness at work
The programme, provided by HealthScreen UK, offered male staff over the age of 40 a free prostate-specific antigen (PSA) test following a workshop. Invitations were extended to family and friends of female staff, as well as to men under 40.The organisation created its ‘Be A Hero’ campaign when its managing ...
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Case StudiesHyde Group builds employee engagement with benefits strategy
Hyde’s external brand is strongly associated with its internal brand, with reward linked to the organisation’s goal of ‘making a lasting difference’ to both residents in the 50,000 homes it owns and manages and the people it employs. Employees have had a constant say in Hyde’s benefits offering through its ...
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ArticleSky promotes Ralph Tribe
Ralph Tribe has been promoted to director of people at Sky UK and Ireland.He is now responsible for all HR activity in the UK and Ireland across the organisation, and will lead a team of 200 HR employees.Tribe was previously director of organisation and people development at the broadcasting business, ...