• Wealth Management
    & Employee Benefits:
    0345 241 6500
Request a call

Employee Benefits News

News in 2014
29 Dec 2014 How Companies Can Adapt To An Ageing Workforce

With the Office for National Statistics predicting that there will be 3.7 million more workers aged 50 and over within the next ten years, it´s clear that Britain´s working population is getting older. At the same time, there is expected to be 700,000 less people aged 16-41 in work;...

22 Dec 2014 Government Sets Auto-Enrolment Trigger At £10,000

The government has confirmed that the earnings trigger for entry into auto-enrolment will be frozen at £10,000, Money Marketing reports. Back in October, the government launched a consultation regarding how the trigger should be set, amidst concerns that those on lower wages would not ...

15 Dec 2014 British Employers Undervaluing Employee Healthcare, Study Shows

New research by healthcare expert Bupa suggests that UK employers are performing worse than other countries when it comes to offering adequate healthcare to their staff, the Employee Benefits website reports. In fact, according to the study - which surveyed 4,000 working UK adults and 1...

08 Dec 2014 Consultation Begins On Simplifying Auto-Enrolment Rules

A consultation has recently been launched by the government to discuss its plans to update auto-enrolment legislation, the Employee Benefits website reports. The consultation – entitled Technical Changes to Automatic-Enrolment: Consultation on Draft Regulations – is being c...

01 Dec 2014 FDs Paying More Attention To Employee Wellbeing

New research has shown that finance directors and their colleagues are realising the importance of workplace wellbeing, and are becoming more aware of their role in it, the WSB website reports. According to a survey by Unum, which questioned 253 finance professionals about how they and ...

24 Nov 2014 78% Of UK Women Uncomfortable Discussing Maternity Rights

The majority of female workers in the UK feel apprehensive about discussing their maternity rights and benefits with employers, out of fear it implies that they are planning to become pregnant, an article on HR Magazine reports. A recent report conducted by the careers website and commu...

17 Nov 2014 Millions Of UK Workers Earning Below Living Wage

As part of living wage week, new research has revealed that more than a fifth (22%) of UK workers are not earning the amount recommended to provide a decent standard of living, The Guardian reports. Consultancy firm KPMG´s report shows that the number of people earning below the l...

03 Nov 2014 Rising Working Age Pushing Up Group Risk And Health Costs

With people working for longer and the average employee age rising, new research suggests a link between average workforce age and insurance cost for group life assurance cover and private medical insurance, Money Marketing recently reported. Furthermore, it was predicted that group inc...

27 Oct 2014 Equal Parental Pay Leave For Civil Service Employees

The government recently announced that as of April 2015, all Civil Service employees will be entitled to full parental leave pay, the Employee Benefits website reports. Current legislation means that when a couple decides to take parental leave, only the working mother is entitled to fu...

20 Oct 2014 Younger Workers Embracing Auto-Enrolment

The reaction to auto-enrolment has shown a clear divide between older and younger workers, This Is Money reports, with a stark difference in the number of people choosing to opt out of the scheme. According to research by the government pension scheme, the National Employment Savings Tr...

08 Oct 2014 New Employment Changes: A Guide

With a string of UK employment law changes taking hold this October, a recent article on the HR Director website helpfully summarised what they are, and what rights they will give employees. Minimum wage increase Following advice from the Low ...

15 Sep 2014 Dental Plans Are The Most Important Benefit, Say Employees

When considering which benefits to offer their employees, company leaders should bear in mind recent research that highlights the rising popularity of dental plans. According to two surveys conducted by Denplan, dental plans are viewed by employees as the most important benefit in terms...

01 Sep 2014 Employees´ Benefits Packages Should Be Flexible

There a number of benefits that employers can offer staff as part of their contracts, and according to an article on Personnel Today, giving them a choice when it comes to their benefit packages can achieve more engagement - and may even influence whether or not a potential candidate decides to...

26 Aug 2014 Auto Enrolment Achieves Four Million Milestone

According to an article on HR Zone, The Pensions Regulator has announced that over four million UK workers have now been automatically signed up for a workplace pension. Figures released by the Department for Work and Pensions (DWP) reveal that around 6,000 employers have been enrolled ...

11 Aug 2014 Pensions Minister: Act Now To Protect Your Financial Future

Almost 12 million UK workers aren´t saving enough money to secure themselves adequate funds for their retirement, the Department for Work and Pensions announced in a press release earlier this week. However, the government website states that with a few simple changes, savers should be ab...

04 Aug 2014 Over 60s Enjoy Biggest Pay Rise in Britain

A new study reveals that employees in Britain over the age of 60 are seeing a greater increase in earnings than any other age group, an article on the International Business Times notes. The findings come from Prudential´s examination of the Office for National Statistics (ONS) An...

28 Jul 2014 All Large UK Businesses Complete Auto-Enrolment

All of Britain´s largest employers have now completed their automatic enrolment procedures, with 99% of the large businesses in the UK acting in full compliance with the rules, according to a new report by The Pensions Regulator (TPR). The automatic enrolment: commentary and analy...

14 Jul 2014 SMEs Should Start Getting Ready For Auto Enrolment

Small businesses still have a few years ahead to plan and implement changes to become compliant with the pension scheme automatic enrolment. Even though the deadline for the last small firms to join is 2017, experts believe that it is not too early to start planning ahead to make sure that all ...

07 Jul 2014 24% Of UK Employees Plan To Reinvest Savings After Retirement

Pension reforms announced in the UK government´s 2014 Budget, will allow those retiring with defined contribution (DC) pension schemes greater flexibility in how they manage their savings. But what do employees actually plan to do with those savings? According to a new poll, just ...

30 Jun 2014 UK Employees Take Less Than Five Days Off Due To Sickness

Two out of three UK companies implement proactive strategies to manage sickness absence as a business risk, according to a new survey by manufacturers´ organisation EEF. The annual Sickness Absenc...

23 Jun 2014 Small Employers Should Get Ready For Auto-Enrolment

Automatic enrolment in the UK has been running smoothly so far, as large companies have generally been prepared for the changes to workplace pension schemes. However, the most challenging time for the government´s initiative to boost pensions saving is still to come, according to industry...

02 Jun 2014 Businesses Completely In The Dark About Auto-Enrolment

The introduction of auto-enrolment is the biggest shake-up of pension policies that UK employers have had to deal with in decades and most companies have no idea how to cope with the issue, says a recent study by Creative Auto Enrolment. Furthermore, only 15% of businesses that will be ...

26 May 2014 Auto-Enrolment Can Boost Retirement Income For Workers Over 50

Automatic enrolment could benefit older workers, with most getting good value on contributions by staying in a workplace pension scheme after being enrolled, according to analysis by the Pensions Policy Institute (PPI). The report was based on data taken from the English Longitudinal St...

19 May 2014 ONS: Quarter Of Britons Had No Pension Savings In 2010/2012

According to new figures released by the Office for National Statistics (ONS), just over one in three Britons aged over 16 saved into a private pension between 2010 and 2012. Alarmingly, figures showed that about a quarter of adults had no pension savings at all, while close to two in three did...

12 May 2014 UK Employers To Focus On Boosting Employee Engagement

Three-quarters of British employers plan to focus on improving employee engagement, suggesting that the issue will be top priority this year, according to the new Benefits Research 2014. The survey, conducted by Employee Benefits in March, covered 256 employers and revealed that employe...

06 May 2014 90% Of UK Workers May Fail To Meet Retirement Income Target

New research carried out on behalf of pension provider Aegon UK has revealed a startling fact – 90% of British employees are not going to meet their retirement targets. The Aegon UK Readiness report looked at 4,000 employees and their behaviour, awareness and finances to determine how...

28 Apr 2014 Businesses Encouraged To Contact TPR In Case Of Auto-Enrolment Compliance Problems

The Pensions Regulator (TPR) is calling on businesses that are worried they may not be ready to comply with automatic enrolment regulation in time to inform the regulator well in advance. By doing so, businesses may receive assistance from TPR and avoid penalties for non-compliance later on, th...

07 Apr 2014 Auto-Enrolment Threshold Increase To Hit Women Working Part-Time

The earnings limit for employees eligible for automatic enrolment increased at the start of this month leaving thousands of workers out of the pension scheme, The Guardian reports. Women working part-time are the hardest hit as a result of the auto-enrolment eligibility threshold hike, ...

17 Mar 2014 Three Million UK Workers Auto-Enrolled, Pension Regulator Says

The UK´s Pensions Regulator marked the next milestone in the government´s automatic enrolment scheme that looks set to boost the number of employees saving up for retirement. The regulator announced that more than three million British workers have now joined the scheme. An employee...

10 Mar 2014 Two In Three Employees Rank Pension Packages As Most Important Benefit

According to a study carried out by group risk industry trade body Group Risk Development (GRiD), more than two in five employees would rather have employer-sponsored protection insurances, such as group life insurance and group income protection, over a pay rise of between 1% and 3%. I...

10 Feb 2014 Businesses Need Assistance With Auto-Enrolment, Study Suggests

The majority of financial experts and advisers believe that British employers are not engaged enough with the impending auto-enrolment reforms, a new study by research organisation Defaqto has revealed. Considering the fact that thousands of UK businesses will have to implement the reforms befo...

03 Feb 2014 NEST Warns Of 2014 Auto-Enrolment Challenges

The next 12 months are crucial for the successful implementation of automatic enrolment, and employers should be careful to avoid several pitfalls that may prove an obstacle to compliance, the National Employment Savings Trust (NEST) has warned. New research from NEST identifies three m...

27 Jan 2014 Government To Help Employers Manage Mental Health Issues

The government will help employers to manage mental health issues in the workplace in a bid to increase work productivity among employees. It will also support employers in their work with employees who have returned to the workplace after taking leave due to mental health issues. The a...

20 Jan 2014 Businesses Should Explore EAP Options To Reduce Costs

Employee assistance programmes (EAPs) are gaining popularity among UK firms, as more and more employers are realising the importance of having a wellbeing strategy for their staff. The mental and physical wellbeing of employees is of paramount importance for businesses. Data shows that ...

13 Jan 2014 59% Of Young Britons Would Take Part In Salary Sacrifice Scheme

Over the past few years, the idea of salary sacrifice schemes has gained popularity among both employers and employees. The majority of Britons in their 20s are willing to join work salary saving schemes, with more than 40% stating they are prepared to save at least 2% of their earnings, accord...

08 Jan 2014 Majority Of UK Employers Back

According to a new survey carried out by the Association of Consulting Actuaries (ACA), the majority of UK employers support the implementation of the so-called “auto-escalation schemes.” This is where pension scheme members contribute more to their pension pot over time, mainly due to incr...

Request a call

X

Thank you for your request. We will be in contact as soon as possible.