All Employee Benefits articles in Web Issue – Page 952
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ArticleTarmac introduces technology scheme
Building materials organisation Tarmac has introduced a technology scheme for its 7,000 UK employees.Tarmac launched the SmartTech scheme, provided by Reward Gateway in partnership with Currys PC World, in July 2016. The scheme enables staff to purchase technology products on an interest-free basis from their net salary.The scheme gives employees ...
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ArticleManweb Group agrees £1bn pension longevity swap
Manweb Corporate Pension Trustee has agreed a £1 billion longevity swap with Abbey Life Assurance, which covers around 4,000 members of the Manweb Group of the Electricity Supply Pension Scheme (ESPS).The swap has been structured as a tri-partite insurance policy between the Electricity Pension Trustee, Manweb Corporate Pension Trustee, and ...
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ArticleHow to re-engage staff with retirement saving
Need to knowEmployers are under pressure to devise engaging pensions communication strategies.At retirement, guidance is lacking.Employees must take responsibility for keeping informed about their retirement options.Larger employers are in the midst of re-enrolling employees into their workplace pension scheme and working hard to devise and develop communication strategies that re-engage ...
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Supplier article
Assessing the impact of the pension freedoms
The HM Treasury said on 28 July 2016: “New HMRC figures show more and more people are taking advantage of the new [pension] freedoms, with 159,000 people having accessed £1.7 billion flexibly from their pension pots since April this year.”The press release itself was entitled ‘Britain’s pension revolution goes from ...
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Supplier article
Xerox celebrates 100 years of HR consulting
A century ago, George B Buck, an experienced actuary, set up his very own business, Buck Consultants, to help organisations of all sizes navigate the changing human resources landscape as they entered the 20th century.Today, that firm is a key component of the Xerox Human Resource (HR) Services group that ...
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ArticleMomentum grows around return-to-work schemes
In June 2016, global law firm Herbert Smith Freehills launched a return-to-work scheme aimed specifically at female lawyers who have a minimum of three years’ legal experience and are looking to re-enter the sector after a career break of up to 20 years. In partnership with OnRamp, the one-year fellowship, ...
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ArticleBuyer's guide to health cash plans 2016
The factsWhat are health cash plans?A health cash plan allows an individual to receive cash payments that cover the price of everyday healthcare costs. This kind of plan will primarily cover optical and dental care, as well as physiotherapy. However, health cash plans can also be tailored to include more ...
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ArticleChipotle enhances education benefits for US staff
Mexican grill restaurant chain Chipotle has launched a new education initiative to give US-based staff access to online college classes and university degree programmes at a discounted rate.Chipotle, which has a 60,000-strong workforce, introduced the initiative to support the development of employees and help attract and retain top performers.The new ...
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Article91% believe technology will impact employee wellbeing
The majority (91%) of employer respondents believe that technology will continue to impact the wellbeing of their workforce over the next 10 years, according to research by Bupa UK.The survey, which polled 13 experts and 300 business leaders, also found that 68% of business leader respondents feel that a ‘stiff ...
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ArticleFTSE 350 pension deficits increase by £10bn in five days
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed organisations increased by £10 billion in the five days to 4 August 2016, according to research by Mercer.Its Pensions risk survey, which is based on analysis of pension deficits using the approach organisations adopt for ...
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ArticleGovernment consults on tax-efficient benefits
HM Revenue and Customs (HMRC) has launched a consultation on limiting the range of benefits that attract relief on tax and national insurance contributions (NICs) when provided as part of a salary sacrifice arrangement or flexible benefits scheme.The consultation seeks to examine the potential impact on employers and staff should ...
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Supplier article
The Pensions Regulator increases compliance interventions by 306%
The Pensions Regulator (TPR) has disclosed that it has increased its interventions by 306% between April 2015 and March 2016 compared to the previous year. This news comes in TPR’s annual commentary and analysis, in which the regulator shines light on auto-enrolment figures so far.TPR reports a total of 8,812 ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk between 4 and 10 August 2016 are: Sasto Deal introduces menstrual leave policyITN appoints Sian Williams first mental health championTarmac introduces technology schemeUnion to bring equal pensions case against Lloyds Banking GroupHow to motivate Whitehall's feline employees51% of employers view mental health ...
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OpinionLovewell's logic: Overcoming barriers to shared parental leave
Families and caring arrangements seem to change with each generation. The days of mothers being expected to leave their work and careers in order to stay at home and take on the lion’s share of care and family responsibilities are now, thankfully, no longer the norm. One of the great ...
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ArticleProsys offers Pokemon Go-inspired remuneration to attract staff
Something for the weekend: With 53% of Pokemon Go-player respondents hooked on catching the virtual creatures while at work, according to research by Qualtrics, it is not surprising that employers are looking to the popular game to attract new talent.Danish IT organisation Prosys, based near Copenhagen, has tweaked its remuneration ...
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ArticlePaycare introduces paid volunteering leave
Paycare has given its employees two additional days of paid leave so that they can undertake charity and volunteering work.The Wolverhampton-based health cash plan organisation launched the initiative in June to enable staff to support worthwhile causes of their choice.A number of employees, including senior management, have taken up the ...
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Article90% of US employers to offer virtual health services to staff in 2017
The majority (90%) of US employer respondents will make telehealth services, such as virtual monitoring and data transmission and telephone support, available to employees in states where it is allowed next year, according to research by the National Business Group on Health. This compares to 70% in 2016.Its Large employers’ ...
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ArticleWatch Employee Benefits Summer School 2016
Employee Benefits Summer School will return next week (Monday 15-Thursday 17 August 2016).The series of short e-learning tutorials will enable benefits and HR professionals to gain insight on the latest trends in key benefits areas, including health and wellbeing, workplace savings, and global mobility.On Monday 15 August, Beate O’Neil, head ...
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Supplier article
Offering group critical illness cover to employees
Group critical illness cover (GCIC) provides your employees with a financial safety net should they be diagnosed with a serious illness or suffer serious injury. Paid as a lump sum, the benefit provides sick employees with financial flexibility to pay for anything they need, for example, support with bills, home ...
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ArticleHE Simm sees 82% of staff take up health checks
Building services organisation HE Simm has seen 82% of its 240 UK-based staff take up confidential health checks offered as part of its health and wellbeing strategy.The 20-minute checks, provided by Let’s Get Healthy, were launched in April and May 2016 to monitor employees’ height, weight, BMI, body fat percentage, ...