All Employee Benefits articles in Web Issue – Page 919
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AnalysisHow can employers help staff maximise their options under the pension freedoms?
Need to know:Some employers have adjusted their pension schemes in response to the pension freedoms, and others are investing more time and effort in offering financial education.While some, often wealthier and more financial savvy, employees have taken advantage of the new freedoms, many others are struggling to navigate the new ...
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Case StudiesScottish Power introduces tool to help staff understand retirement outcomes
Energy firm Scottish Power has two defined benefit pension schemes, with some 4,000 members but, since 2006, has required all new employees to join a defined contribution (DC) stakeholder pension, provided by Fidelity. This currently has around 2,500 members.In February, the organisation introduced a new tool, called Guided Outcomes, provided ...
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OpinionMichelle Cracknell: A new approach is required to help people plan for retirement
The pension landscape has undertaken a massive rebuild in order to be sustainable in our ageing society. The topping-out ceremony was the pension freedoms introduced from April 2015. Now, we need to make the new pensions infrastructure habitable for members so they can properly plan for retirement, making informed choices ...
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Article
BBC switches payroll technology provider
The BBC has entered into a contract with IBM for the provision of outsourced finance, accounting payroll and associated technology provider.The contract aims to contribute towards the broadcaster’s efficiency targets, by providing a simplified and efficient service. This will include the introduction of cloud-based technologies to support payroll and expense ...
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Supplier article
Blindly purchasing retirement products can have dangerous consequences
The pension freedoms changed the face of retirement income options for members of defined contribution (DC) schemes. And one year on, there has been little innovation in the market in terms of new retirement products. However, many are expecting an influx of offers now that the market has had time ...
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Supplier article
Financial education is vital for all employees
Although changes to pension tax reliefs have been scrapped for now, there are still changes that have been made to pension legislation that can affect many employees. The changes to the Lifetime Allowance and Annual Allowance could impact employees who don’t even realise they will be affected. Many employees may ...
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Supplier article
Do you remember pensions simplification?
Today is an important anniversary in the world of pensions. For 10 years ago this very day we entered the brave new world of pensions “simplification”.Many of our followers will of course be unaware of this landmark change, or indeed what it was trying to achieve. So we thought a ...
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Supplier article
Jelf employment seminars in London
The fun and informative Jelf Employment Seminars return with another curious collection of informative and entertaining speakers to guide our delegates through the key employment issues of the moment.Our popular event Chair Peter Matthews will act as chief curator for this event, keeping the following well-known speakers in order:The learned ...
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ArticleReward and benefits professionals set to gather for awards ceremony
Don’t miss your chance to attend the 14th annual Employee Benefits Awards and Summer Party, taking place on 3 June at the Artillery Garden at the HAC in London.The awards will see reward and benefits professionals gain recognition for the outstanding work they have undertaken over the past year.Winners will ...
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Supplier article
Johnson Fleming forms partnership with The Health Insurance Group
Johnson Fleming has formed a strategic partnership with The Health Insurance Group (THIG) to assist its clients with auto-enrolment.The government's auto-enrolment scheme has been rolling out since 2012 and has now reached SME employers with 50 or fewer employees. This is a group that is well represented amongst THIG clients ...
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ArticleBBC switches payroll technology provider
The BBC has entered into a contract with IBM for the provision of outsourced finance, accounting payroll and associated technology provider.The contract aims to contribute towards the broadcaster’s efficiency targets, by providing a simplified and efficient service. This will include the introduction of cloud-based technologies to support payroll and expense ...
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ArticleCoca-Cola to enhance parental leave for US employees
Coca-Cola is to extend paid parental leave for male and female employees in the US.From January 2017, all new parents will be eligible for six weeks’ paid parental leave, including adoptive and foster parents.The new policy will be in addition to the six to eight weeks of paid parental leave ...
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OpinionNeil Emery: EAT rules holiday pay calculations should include commission
In the case of Lock v British Gas Trading, the Employment Appeal Tribunal (EAT) has confirmed that an employee’s holiday pay should include an element in respect of commission.Lock was an energy trader for British Gas Trading, earning commission on the sales he generated, equating to around 60% of his ...
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OpinionGwyneth Williams: The great gender divide
In February, the government published its draft gender pay gap regulations, expected to come into force in October 2016. The gender pay gap is hardly a new phenomenon (the Equal Pay Act was introduced over 45 years ago in 1970), nor has the subject been short of publicity in recent ...
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Article28% cite flexible working as a factor in remaining with current employer
More than a quarter (28%) of respondents say that the ability to work flexibly has been a factor in them remaining with their current employer, according to research by the Chartered Institute of Personnel and Development (CIPD).Its Employee outlook April 2016: Focus commuting and flexible working, which surveyed 1,051 working ...
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Article23% have seen retirement plans impacted by low interest rates
Just under a quarter (23%) of respondents expect to have to work past the age of 65 due to the impact of low interest rates on their retirement savings, according to research by Canada Life Group Insurance.Its survey of 855 full and part-time employees found that among this group, 16% ...
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ArticleHave your say on the future of benefits in exclusive research
Do not miss the chance to share your views on the key issues that are driving organisations' current and future benefits strategies by taking part in the Employee Benefits/Xerox HR Services Benefits research 2016.The research is designed to provide employers with insights into the benefits currently on offer to employees ...
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AnalysisHow to create a benefits strategy for an 'ageless' workforce
Need to know:Workplaces are becoming increasingly multi-generational.But this does not necessarily mean employee benefits should also become increasingly segmented and generation-specific.The answer is likely to lie more in segmentation and targeting of benefits communications than employee benefits themselves.Many workplaces are becoming ever more age-diverse as the working population ages, and ...
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OpinionDavid Sinclair: Employers need to consider pick and mix reward strategies
Unless employers reconsider their workforce planning in the light of population ageing, they will face substantial personnel and skills shortages in future years. There are 9.2 million workers in the UK over the age of 50, many of whom will leave work permanently over the next 15 years, taking their ...
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AnalysisInfographic: How benefits choices differ across generations
An infographic looking at how benefits choices differ across generations (Source: Aon Employee Benefits' Employee reward and benefits for multi-generational workforces report, September 2015).Read more about how to create a benefits strategy for an 'ageless' workforce.