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Employee Benefits News

Latest News
27 Nov 2017 ´Defined ambition´ pension schemes may be introduced in the UK

MPs are planning to look into “defined ambition” pension schemes, which are common in the Netherlands, Canada and Denmark but are not yet allowed in the UK. Also known as Collective Defined Contribution (CDC) schemes, they are seen as a middle ground between Defined Benefit (DB) sch...

20 Nov 2017 UK employers see correlation between employee health and performance

The vast majority (96%) of employers in the UK see a direct correlation between employee health and performance, according to the 2017 Health Survey from Aon. The survey of 200 UK organisations also found that health and wellbeing is rising up the corporate agenda, with 96% of employers...

13 Nov 2017 UK government urged to extend salary sacrifice to low-paid

Low-paid workers are missing out on the benefits of salary sacrifice, according to pension provider Royal London and a Southampton-based financial adviser. Salary sacrifice, also known as salary exchange, allows a worker and an employer come to an arrangement whereby pension contributio...

30 Oct 2017 Quarter of firms miss auto-enrolment deadline

A record proportion of companies are setting up a workplace pension after their deadline has passed, according to research by Aviva. In the third quarter of this year, 25% of businesses applying for an auto-enrolment pension scheme with Aviva did so after the ‘staging date´ set ...

23 Oct 2017 Employees need more support to return to work after breast cancer

More women are surviving breast cancer, but their return to work rates vary considerably across Europe. That´s according to a new study by the Economist Intelligence Unit, commissioned by Pfizer, which investigated the challenges involved in returning to employment for the growing...

16 Oct 2017 Savers need retirement income targets, report says

Pension targets could help savers understand how much they need to save for a decent retirement income, according to a new report. National retirement income targets are already used successfully in Australia. Such targets provide savers with tangible income goals which take into accoun...

02 Oct 2017 Auto enrolment: a ´huge success story´ but more still needs to be done

Five years on from the launch of automatic enrolment in October 2012, more than 7.6 million people have been automatically enrolled into workplace pensions. According to the Pensions and Lifetime Savings Association (PLSA), almost three-quarters (74%) of all employers support the policy...

25 Sep 2017 Warning over risk of non-compliant group risk protection

Employers are in danger of having group risk protection policies that are not legislatively compliant as the State Pension Age (SPA) increases, Group Risk Development (GRiD) warned last week. The industry body is urging employers to check their arrangements for group risk insurance bene...

18 Sep 2017 Analysis reveals ´huge variations´ in workplace pension returns

Millions of workers have started saving for retirement in a company pension since the launch of automatic enrolment in October 2012. But there are “huge variations” in the returns on offer, according to a new analysis by Punter Southall Aspire. The pension consultants examined nine ...

04 Sep 2017 Employees welcome salary sacrifice schemes for home technology

Salary sacrifice schemes that help employees to buy home technology products can play a “vital role” in closing the digital skills gap. That´s according to specialist provider Let´s Connect, which surveyed more than 1,100 employees who have participated in a salary sacrifice sch...

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