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Employee Benefits News

Latest News
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...

29 Aug 2017 Millennials will stick with auto-enrolment when contributions rise

Automatic enrolment into a workplace pension is popular with Millennials, according to new research by Royal London. The life, pensions and investment company surveyed 1,500 people aged 25-34, revealing that seven in ten (71%) decided not to opt out after being enrolled and a further 8%...

21 Aug 2017 Government match-funding would boost employee health and wellbeing investment, says EEF

UK firms would be more likely to invest in employee health and wellbeing programmes if there was match-funding available from the government. That´s according to a new survey by EEF, the manufacturers´ organisation, which questioned 264 companies about sickness absence. ...

07 Aug 2017 Employees value health policies, pensions and legal advice, survey shows

Pensions and health insurance are among the workplace benefits most valued by UK employees, according to a new survey. The research by legal services provider Epoq Legal found that over 80% of employees value pension, health, legal and protection services, ahead of ‘softer´ bene...

24 Jul 2017 Employee wellbeing rising up UK corporate agenda

Growing numbers of employers in the UK are recognising the advantages of employee wellbeing programmes, according to data from the Top Employers Institute. The global certification company found that 82% of large companies have an organisation-wide total wellbeing programme in 2017 — ...

17 Jul 2017 Over 8 million workers now signed up for auto enrolment

Almost five years after the launch of automatic enrolment, more than eight million employees have signed up for a workplace pension and most employers are confident they are meeting their obligations. The latest declaration of compliance report from The Pensions Regulator (TPR) reveals ...

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