All Employee Benefits articles in Web Issue – Page 862
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ArticleNetwork with industry experts at Employee Benefits Live
Alongside a packed conference programme, delegates at Employee Benefits Live 2015 will have the opportunity to network with more than 100 providers, advisers and consultants in the reward and benefits industry.Aon Employee Benefits is headline sponsor for this year’s event. On 21 September, the opening keynote session is sponsored by ...
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ArticleFollow the action at Employee Benefits Live
Employee Benefits Live, Europe’s largest employee reward and benefits event, returns for its 17th year today and tomorrow (21 and 22 September) at Olympia National, London.More than 2,000 visitors, including benefits, reward and human resources managers, are expected to attend the two-day event.Delegates will attend conference sessions on topics such ...
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Supplier article
Health Shield pays 97.4% of claims in 2014
The most common benefits for claims were dental (144,267 or 32%), combined physiotherapy (98,126 or 22%) and optical (86,525 or 19%) – totalling 74% of all claims.Claims data over the last three years (2012, 2013 and 2014) shows that dental claims have increased by 8%, combined physiotherapy by 14% and ...
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Supplier article
Health Shield announces new online claiming service
The new paperless system allows all valid receipt-based claims to be paid within 24 hours and, unlike paper-based claims, eliminates members’ reliance on the postal system. The new initiative follows significant investment in IT infrastructure and is available to all Health Shield members. Health Shield paid 97.4% of claims in ...
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Supplier article
Health Shield covers premium tax rise for cash plan members until 2017
It is believed that Health Shield is the first health insurance provider to make this type of announcement in response to the recent IPT increase.In the summer budget Chancellor George Osborne announced a more than 50% increase in the rate of IPT from 6% to 9.5% and Health Shield has ...
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ArticleCareer development is key for total reward strategies of the future
Employee Benefits Live 2015: Career development support needs to be at the heart of total reward strategies of the future, according to Jane Marsh, group people director at drinks manufacturer Innocent Drinks.Speaking at Employee Benefits Live as part of the opening keynote speech, Marsh said that her staff, a large ...
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ArticleAge UK offers benefits to support all generations
Employee Benefits Live 2015: Reward strategies need to be inclusive of all generations in the workplace so as to not discriminate against older workers, according to Caroline Bendelow (pictured), director of people and performance at Age UK.Speaking at a session at Employee Benefits Live 2015, Bendelow explained that employers need ...
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Analysis
33: LV= industry insight - Good retirement advice is key to good retirement outcomes
The radical changes to pensions mean that employees now have much greater flexibility and choice over how to access their pensions than ever before. The ability to take as much as you like from your pension when you like, combined with the tax changes to allow wealth transfer, offers the ...
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Opinion
58 - YBS industry insight: What impact have recent changes had on the share plan market?
Over the last two years we have seen some interesting changes in the share plan market.We are now starting to see the impact of these changes, from trend analysis of 2015 share plan data and discussions with market advocates.For example, the increase in the sharesave maximum savings limits introduced by ...
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Article
59: Buyer's guide to share incentive plans
The facts What are Sips and how do they work?Share incentive plans (Sips) are a tax-efficient savings vehicle for employees. They are entitled to £3,600 worth of free shares a year, free from income tax and national insurance. The shares retain their tax-free status as long as they remain in ...
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Article
61, 62, Buyer's guide to group personal pensions
What is a group personal pension (GPP)?A GPP is a contract-based pension scheme that is arranged by an employer, but each scheme member holds an individual contract directly with the pension provider.What are the origins of GPPs?GPPs were launched in 1988, after personal pensions replaced retirement annuity contracts.What are the ...
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AnalysisThe cost impact of an ageing workforce
If you read nothing else, read this…As the workforce ages, employers will need to rethink the design and provision of healthcare and group risk benefit offerings.Limited-term or flexible group income protection (GIP) provision is likely to become more commonplace, as employers try to retain some form of provision for older ...
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OpinionRob Barrett: Pension schemes must meet new freedoms
Since the government pension reforms in April, many pension providers have been reviewing their default funds. They have looked at whether their products will continue to meet the needs of their investors, and whether they are providing what people are looking for in the new environment.In particular, plans have looked ...
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Case StudiesThe benefits offered by Peel Ports Group
PensionStakeholder pension scheme available for all UK employees.Minimum employee contribution set at 4%, with matching employer contributions of between 4% and 10%.Health and wellbeing Private medical insurance (PMI) available for all senior managers and executives.Health cash plan available to all staff as a core benefit.Eye care plan.Employee assistance programme (EAP).Group ...
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Case StudiesCancer Research UK diversifies default fund
Cancer Research UK (CRUK) replaced its equity-based default investment fund with a more diversified, less traditional option following the introduction of April’s pension flexibilities. Since then, of CRUK’s 800 staff, and those who left its defined benefit (DB) pension scheme when this was closed to future accrual on 31 March ...
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AnalysisWhat are the latest trends in default investment strategies?
If you read nothing else, read this…The pension freedoms and auto-enrolment have impacted default funds.Default investment funds should offer employees choice and future-proofing in order to be effective saving tools.Employer communication is vital to ensure staff are aware of their options and what the default fund entails.Opportunity for changeThe pension ...
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Case StudiesPeel Ports Group puts staff at heart of reward strategy
The organisation is currently creating a deep-water terminal for containers, Liverpool 2, which will result in an expanded workforce. An additional 480 roles will be created, along with around 5,000 additional supply jobs in the north west of England.Due to open at the end of 2015, Liverpool 2 is a ...
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AnalysisWhat are the latest trends in occupational health?
If you read nothing else read this…Employers are working with occupational health to meet legal working requirements.Occupational health services can help an employee manage sickness absence and mitigate health risks.Technology is being increasingly used for management referrals and remote consultations.There are generally three types of occupational health model: outsourced remote ...
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OpinionJo Broadbent: Addressing long-term sick leave during unit transfers
A recent Employment Appeal Tribunal (EAT) decision found that an employee on long-term sick leave did not transfer under Transfer of Undertakings (Protection of Employment) (Tupe) to a new employer with other employees when the part of the business in which he worked before his absence transferred.In the case of ...
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ArticlePolice forces to appeal decision on age discrimination case
An appeal has been filed against the Employment Appeal Tribunal’s (EAT’s) ruling that a regulation enabling police forces to compulsorily retire officers after they become entitled to a pension worth at least two-thirds of pensionable pay is not age discriminatory.The judgment in the case of Harrod and others v Chief ...