All Employee Benefits articles in Web Issue – Page 845
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ArticleWorkplace benefits of the future
Something for the weekend…From paid surrogacy leave to non-medical egg freezing and unlimited holiday, there are some unusual employee benefits lined up for workplaces in the future.According to an American study by the Society of Human Resources Managers (SHRM), many US-based employers are likely to introduce quirkier benefits to attract ...
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OpinionLovewell's Logic: Are staff engaging with pension freedoms?
Before the reforms came into effect, there was a great deal of speculation (particularly in the mainstream media) that many scheme members would cash in their entire pension savings.According to research by BlackRock, this has proved to be the case. Its study of more than 1,000 people aged 55 or ...
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Article66% do not receive workplace health support
Around two-thirds (66%) of employees do not receive health and wellbeing support from their employer, according to research from Simplyhealth and YouGov.The first Simplyhealth/You Gov everday health tracker survey, which had 1,998 respondents, also found that 22% of those who receive no support would like more health support from their ...
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ArticleSainsbury’s staff bring legal action over equal pay
Sainsbury’s faces legal action from four female shop-floor employees over claims that male employees are being paid more, despite doing comparable work.If successful, the members of staff may be entitled to six years’ back pay for the difference in earnings.Three of the employees are working in the Shrewsbury area and ...
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Article9% gender pay gap in digital industry
Women working in the digital industry earn 9% less than their male counterparts on average, according to research by digital recruitment agency The Candidate.Its Women in digital report, which surveyed 200 men and women in low to mid-level digital roles, also found that 80% of the top salaries in the ...
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ArticleDoncaster Council switches voluntary benefits provider
Doncaster Metropolitan Borough Council has switched voluntary benefits providers. It launched a new platform, provided by Xexec, for its 4,800 employees on 6 July.The portal provides access to benefits such as retail discounts, a concierge service, tickets and travel, as well as a number of salary sacrifice arrangements including bikes ...
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Supplier article
The July Budget: salary sacrifice
This was not mentioned in the Budget speech itself, but the following paragraph does appear in the supporting HM Treasury Summer Budget 2015 document:“Salary sacrifice arrangement can allow some employees and employers to reduce the income tax and National Insurance that they pay on remuneration. They are becoming increasingly popular ...
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Supplier article
Jelf Employee Benefits urges employers to act now in light of IPT increase
Employers considering providing private medical insurance (PMI) as a new employee benefit would be wise to do so before November 2015. This increase in tax cannot be avoided but taking action now will delay the impact for another year.Employers considering expanding an existing PMI scheme would be sensible to do ...
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Supplier article
So what are savers doing with the new freedoms?
The timing of the event was significant, given that the new pension freedoms announced by the chancellor in March 2014 had just become fully available to many pension savers in the UK. As you will be aware, this rule change allows savers over age 55 to access their pension savings ...
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Supplier article
Buck Consultants launches the Global Vision pensions and benefits platform
David Piltz, head of trustee services at Buck Consultants at Xerox, said: “Trustees are faced with having to sift through an increasing array of documents, data and metrics, as well as regularly changing governance issues, while under pressure to make the right decisions for their employees.“Global vision presents trustees and ...
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Case StudiesNHBC uses group risk benefits to prepare for the future
Employees receive group life insurance if they are part of the homeowners insurance firm’s group personal pension (GPP) scheme. The insurance policy consists of four times the employee’s annual salary to be passed onto dependants. Dependants of employees who are not a member of the pension scheme receive one year’s ...
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AnalysisWhere should group risk sit in a health and wellbeing strategy?
If you read nothing else, read this…Group risk benefits are designed to support staff and employers when workers are absent due to an injury or critical illness.Employers could do more to highlight the importance of group risk benefits and promote these alongside other healthcare benefits.An ageing workforce increases the need ...
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Supplier article
Bond bubble: a most unhelpful analogy
By Brad Crombie, Global Head of Fixed Income, Aberdeen Asset ManagementFinancial bubbles have existed for only marginally less time than investment markets themselves. This is because our tendency to get excited and carried away causes them.There is, however, a serious risk of misusing the term 'bubble'. It metaphorically implies an ...
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ArticleAsda appoints pension scheme actuary
Asda has appointed Aon Hewitt as actuarial adviser to the Trustees of the Asda Group pension scheme.The retailer, which is part of Walmart, has 13,500 members in its defined benefit (DB) pension scheme.Trustees of the scheme have chosen Aon Hewitt to be the actuary of the scheme.
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ArticleConsultation launches on gender pay gap reporting
The government has launched a consultation to establish the details of its plans to make it complusory for large employers to publish the average salaries of male and female staff. The consultation will also look into what information from employers will be published, as well as where and when.Plans for ...
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Supplier article
Tax-free childcare scheme delayed until 2017 – how will this affect you?
This followed a challenge to the government’s plans by childcare voucher providers, which had sought to contest the decision to deliver the new scheme in partnership with National Savings & Investments.The government had originally been intending to introduce the new scheme from this autumn.How will this affect employers and employees?There ...
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Supplier article
An A-Z of bonds
By Aberdeen Asset ManagementAll you wanted to know about bonds, but were afraid to ask!Click on the link below to read the full A-Z guide.
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OpinionKatie Davies: Hypothetical tax and calculating fair compensation for expatriate employees
These multiple tax obligations are, of course, inconvenient for expatriate employees. More importantly, though, these obligations may result in significant employee financial losses, or sometimes even gains.Many multinationals have tax-equalisation policies to account for these tax differentials. These policies seek to remove any tax-related advantage or disadvantage that could affect ...
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Supplier article
Great expectations for Japan
By James Dowey, Chief Economist and CIOTurnaround stories are an investor’s best friend. If successful, they prompt a widespread and possibly radical re-evaluation of the fair value of the associated assets. If one is brave enough to re-evaluate early on in the process then the returns can be very large. ...
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Supplier article
Lust — resist the siren call of short-term opportunity
By Mike Turner, Investment Solutions, Aberdeen Asset ManagementThis article expands upon the first of Mike Turner’s Seven Deadly Sins, which was first published in booklet form in January 2014.In the late 1960s, a psychologist named Walter Mischel conducted a series of groundbreaking experiments. The premise was simple: he took a ...