All Employee Benefits articles in Web Issue – Page 870
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ArticleRoyal Mail staff gifted 1% shareholding
Eligible UK employees at Royal Mail have been gifted a 1% share in the organisation as the government completes the sale of its remaining 13% stake.The government sold its remaining shareholding in Royal Mail, which employs some 143,000 staff, at the price of 455p per share. Proceeds raised from sales ...
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ArticleLinkedIn US to introduce unlimited holiday
LinkedIn is introducing unlimited holiday for its US employees, from 1 November 2015.The social media organisation, which employs 8,700 full-time staff worldwide including some 6,000 in the US, is changing its holiday policy in line with one of its key values: ‘Act like an owner’.Its move to a new discretionary ...
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ArticleKingfisher develops pensions app to engage staff
NAPF 2015: Retail group Kingfisher has developed a brand-specific app to engage its 36,000 staff who are members of the Kingfisher pension scheme.The employer’s communications and financial education strategy around pensions began as a way of informing its staff about auto-enrolment, explained Dermot Courtier, head of group pensions at Kingfisher, ...
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Analysis
48 - SG Fleet industry insight: turning car salary sacrifice on its head
When we speak to employers about car salary sacrifice schemes, the two main questions they typically ask are what if an employee leaves, and will there be a lot of administration? The answers depend on the scheme structure.There are two well-established ways to structure car salary sacrifice arrangements – novated ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on employeebenefits.co.uk from 8-14 October 2015: Danone sees 82% engagement with car salary sacrificeFacebook pays £1.2m towards UK pension contributionsHow to get board level buy-in for workplace wellbeing initiativesSerbian factory pays staff in goldParadigm introduces salary sacrifice car schemeBaker Tilly acquires Employer ServicesConfessions of ...
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OpinionLovewell's logic: Hollywood meets employee benefits
Yet, this week this is exactly what happened when actress Jennifer Lawrence wrote an article on her experiences of gender pay inequality in the film industry for the newsletter service Lenny, run by actress Lena Dunham and television producer Jenni Konner. Lawrence discovered that her salary for the film American ...
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ArticlePizza delivery nets driver $1,000 tip
Something for the weekend…A pizza delivery driver received an unexpected bonus when she made a delivery to an Ohio church during a service.The reverend of Sycamore Creek Church in Pickerington, Columbus, invited her onstage to ask what the largest tip she had ever received was. After replying that it was ...
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Articlep2 Close Brothers Sponsor's Comment: The pension reforms and some surprising benefits
Who knew that the pension reforms introduced in April 2015 would have so much impact? Well, in truth, lots of people – pension experts, employers, advisers, providers and, we suspect, the government all knew this would be seismic, with providers and employers bearing the brunt of the change and individuals ...
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Supplier article
Case study: Business Protection
At this time the company was looking to commence Key Man insurance and Share Purchase insurance, however these had not yet been implemented.Without these insurances in place, the complexity of the deceased director’s circumstances made the settlement of his estate extremely challenging and time consuming (involving six different sets of ...
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Supplier article
Pension Regulator (TPR) to launch auto-enrolment TV ad campaign
TPR head of industry liaison Neil Esslemont described the campaign as a first for the watchdog as the regulator prepares an initiative to communicate auto-enrolment to the masses.Johnson Fleming’s Development Director David Roderick states: “We are expecting this advertising initiative to significantly drive incoming enquiries from SMEs. With an average ...
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Supplier article
Helping businesses with automatic re-enrolment
It’s hard to believe it has nearly been three years since auto-enrolment started.From October 2015 the early stagers will now have to re-enrol their staff.Re-enrolment is a sizeable task, and requires proper planning. You must ensure that eligible staff who are not already in your auto-enrolment pension scheme are put ...
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ArticleNAPF rebrands as Pensions and Lifetime Savings Association
The National Association of Pension Funds (NAPF) has rebranded as the Pensions and Lifetime Savings Association (PLSA).The change is designed to allow the association to broaden its reach and account for the different ways in which people save for retirement.Joanne Segars (pictured), chief executive of the PLSA, announced the change ...
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ArticleAltmann puts defined ambition and automatic transfers on hold
Pensions minister Ros Altmann has announced that plans to impement defined ambition pensions, collective benefits and automatic transfers (also known as pot follows member) have been put on hold.In a statement to the House of Commons, the pensions minister (pictured) said that the timing was not right to ask the ...
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Article
3 - Editor's comment
The main issues many employers face is managing employees’ expectations about what they can realistically provide and how this stacks up against competitors. Anecdotes about employees who leave an employer for a nominal increase in take-home pay and fail to recognise the full value of the overall reward package they ...
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Articlep3: Pensions research leader column
Almost a third (30%) of respondents to the Employee Benefits/Close Brothers Pensions research 2015 say the most frequent concern that staff have around retirement is a lack of knowledge about how much they need to contribute into their pensions in order to achieve their retirement goals.If an employee reaches their ...
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Article
5: Top 10 most-read stories online in September/October
1. Employee Benefits Live 2015 speaker slidesRecap the conference sessions you attended at Employee Benefits Live 2015 or catch up with those you missed by looking through the speaker slides from the two-day event. http://bit.ly/1OKEivh 2. Former BT employee is entitled to sick payThe Employment Appeal Tribunal upheld a case ...
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Article
5: Top 10 most-read stories online in September/October
1. Employee Benefits Live 2015 speaker slidesRecap the conference sessions you attended at Employee Benefits Live 2015 or catch up with those you missed by looking through the speaker slides from the two-day event. http://bit.ly/1OKEivh 2. Former BT employee is entitled to sick payThe Employment Appeal Tribunal upheld a case ...
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Article6, small box: Same-sex spouse loses equal pension bid
The Court of Appeal has upheld a ruling against a retired employee in his bid to see his civil partner, now husband, receive the same pension pay-out in the event of his death as a spouse of the opposite sex.In the case of Walker vs Innospec and others, in which ...
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Analysis
41 - Aetna industry insight: Take care of employees’ health when expanding abroad
It’s fair to say that the world is truly now a global marketplace. British organisations are not only well placed to take advantage of a ‘borderless’ Europe but doors are open around the world for those able to step through them. Organisations taking advantage of commercial opportunities abroad face a ...
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Analysis
41 - Aetna industry insight: Take care of employees’ health when expanding abroad
It’s fair to say that the world is truly now a global marketplace. British organisations are not only well placed to take advantage of a ‘borderless’ Europe but doors are open around the world for those able to step through them. Organisations taking advantage of commercial opportunities abroad face a ...