Employee Benefits

MARCH 26, 2024

Ride-hailing operator Bolt is to launch a pension scheme for its 65,000 UK registered private hire vehicle drivers from 1 May 2024. Through the scheme, which is provided by Aviva, drivers will be able to contribute 5% of their fees from every completed trip into their pension pot, to which Bolt will add a further 3% contribution.

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Employee Benefits

JANUARY 30, 2024

The Department of Work and Pensions (DWP) has published the final version of the Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 and a consultation response. The post DWP publishes updated occupational pension schemes regulations appeared first on Employee Benefits.

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Employee Benefits

MARCH 6, 2024

Chancellor of the Exchequer Jeremy Hunt will deliver his Spring Budget 2024 speech at 12.30pm on Wednesday 6 March 2024. Stay tuned to the Employee Benefits website for all the latest updates on how the Spring Budget could impact pay, pensions and benefits for employers and staff.

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Employee Benefits

MARCH 4, 2024

Credit: Natata/Shutterstock Need to know: The abolition of the pensions lifetime allowance in April will require an overhaul of employee communications, and a revaluation of pension scheme design and administration, including opportunities to simplify the scheme and reduce the cost of running it.

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Employee Benefits

MARCH 6, 2024

Spring Budget 2024: The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) will have a full range of regulatory powers to ensure employers are adhering to the Value for Money (VFM) framework. “We welcome the aim to target good investment returns for every member.

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Employee Benefits

APRIL 26, 2024

The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk

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Employee Benefits

NOVEMBER 23, 2023

A number of key announcements were made that will affect pay , pensions and benefits. Autumn Statement: Government announces plans to offer pension pot for life Autumn Statement: State pension to increase by 8.5% appeared first on Employee Benefits.

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Best Money Moves

MARCH 11, 2024

The 4 best benefits in 2024, according to employees. Here are the 4 best benefits in 2024, according to employees. Here are the best benefits in 2024 based on input from real workers. Average healthcare premiums for American families increased 7% in 2024, according to research from KFF.

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Employee Benefits

DECEMBER 12, 2023

The Employee Benefits Awards 2024 are now open for entries, celebrating and honouring excellence in the HR, reward and benefits community. 2024’s event will feature 22 categories that are open for entries, ranging from pensions and motivation schemes, to mental health, financial wellbeing and healthcare.

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Best Money Moves

MARCH 26, 2024

5 key insights about the gig economy in 2024. Here are 4 key takeaways and trends from the gig economy in 2024. Here are 5 key takeaways from the gig economy in 2024. According to Financial Executives International, only 8% of female gig workers hold a pension plan. Contact us and we’ll reach out to you soon.

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Employee Benefits

JANUARY 22, 2024

The deadline for the Employee Benefits Awards 2024 has been extended until midnight on Friday 9 February to give HR, reward and benefits professionals more opportunity to enter. The winners for 2024 will be announced at the Employee Benefits Awards on Friday 14 June 2024 at the HAC London. See all the categories and enter now.

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Employee Benefits

FEBRUARY 2, 2024

National Insurance (NI) is reducing from 12% to 10% from January 2024. a year in NI contributions and be able to pay additional 1.06% of their salary into their workplace pension at no additional cost to them. When made into a pension contribution it is worth £212.29 When made into a pension contribution it is worth £783.71.

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Employee Benefits

JANUARY 26, 2024

between 19 – 25 January 2024 were: Lidl GB gives pay rise to 26,000 hourly-paid employees FCA manager loses full-time work from home claim Mitie, The Perfume Shop and NFU Mutual UK certified as UK top employers Lloyds Banking Group reports 5.7% The top 10 most-read articles on employeebenefits.co.uk

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Employee Benefits

FEBRUARY 8, 2024

HR, reward and benefits professionals who want to be in with a chance of winning at the Employee Benefits Awards 2024 have just one day left to enter. There are 22 categories available to enter across a wide range of categories, including financial wellbeing , pensions, healthcare, employee engagement and mental health.

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Employee Benefits

APRIL 5, 2024

The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk

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Employee Benefits

DECEMBER 19, 2023

Start saving early – Starting to save when you are younger into ISAs and a pension means that the money has lots of time to grow. Many people already pay 5% of their salary into their workplace pension through auto-enrolment, with an additional 3% employer contribution.

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Employee Benefits

JANUARY 19, 2024

The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk

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Higginbotham

FEBRUARY 19, 2024

29, 2024 for Calendar Year Plans Each year, group health plan sponsors are required to complete an online disclosure form with the Centers for Medicare & Medicaid Services (CMS) indicating whether the plan’s prescription drug coverage is creditable or non-creditable. 29, 2024 (since 2024 is a leap year). 10, 2024, the U.S.

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Employee Benefits

FEBRUARY 2, 2024

The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk

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Employee Benefits

NOVEMBER 22, 2023

The national living wage is to increase from April 2024. Kate Smith, head of pensions at Aegon, added: “Raising the national living wage will bring much-needed financial relief to low-income earners, significantly boosting their earning power and help to alleviate the burden of rising living costs.

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Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 3, 2023

On November 1st, the IRS released a number of inflation adjustments for 2024, including to certain limits for qualified retirement plans. As expected, this year’s adjustments are more modest than last year’s significant increases. The table below provides an overview of the key adjustments for qualified retirement plans.

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Employee Benefits

MARCH 1, 2024

The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk

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Retirement Plan Pension Salary Payroll 52

HR Digest

APRIL 11, 2024

Forget the dry theory – we’ve compiled a list of the hottest HR reads of 2024 that will challenge your thinking, equip you with actionable strategies, and maybe even make you laugh (gasp!). The top books of 2024 delve into key areas like leadership, organizational culture, and employee relations.

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Employee Benefits

MARCH 29, 2023

Next January, all going well, approximately 750,000 workers in Ireland will start being automatically enrolled into a new workplace pension scheme that will be co-funded by their employers and the State. The scheme is aimed at addressing the national pension coverage gap. It’s not as if we haven’t talked about it.

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Money Talk

APRIL 11, 2024

The 2023 income tax filing deadline is only days away (April 15, 2024 in most of the U.S.). Baby Boomer Challenges - Baby boomers (born 1946-1964) were the first generation with the ability to save money for retirement in 403(b)s, 401(k)s, and IRAs for decades (their parent’s generation had pensions).

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Employee Benefits

DECEMBER 6, 2023

Following its call for evidence on consolidating small pension pots earlier this year, the Department for Work and Pensions (DWP) is launching a further consultation on proposals to introduce a lifetime provider model. Monitoring and enforcement by HMRC and the Pensions Regulator would also become more complex.

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Employee Benefits

MARCH 11, 2024

The Bank of England has given its more than 5,000 employees a 4% pay rise along with a 1% salary top-up deal for 2024/25 as part of its aim to retain staff in a competitive jobs market. As part of the negotiations with the union, the bank agreed a pay award for 2024/25 of 4%. It is a bigger increase than the 3.5%

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Money Talk

JANUARY 4, 2024

Unclaimed Money - This is money held by state governments from a variety of sources including bank accounts, utility deposits, pension benefits, and insurance policies. Best wishes for a healthy, wealthy, and happy 2024. It may or may not be taxable when reclaimed. To find unclaimed funds, visit www.missingmoney.com.

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Employee Benefits

OCTOBER 24, 2023

Conducted by global talent services firm Morgan McKinley as part of its 2024 Salary guide , the survey found that the top five desired benefits respondents look for in a job are working from home, bonus, pension, health insurance and flexible working hours.

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Employee Benefits

FEBRUARY 28, 2024

Its Pay, performance and transparency 2024 report, which surveyed 832 decision-makers from the private, public and voluntary sectors, also found that 62% always or sometimes publish salary range information in external job adverts, while 38% have either not done so, though they may plan on doing so this year, never do so, or do not know.

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Employee Benefits

FEBRUARY 7, 2024

By the time the average woman reaches the retirement age of 67, she will have saved a pension pot worth £69,000, which is £136,000 less than the average man, who will have saved £205,000 in the same period, according to research by Now: Pensions. By their late 50s, women will have built up just 62% of the pension wealth that men have.

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Employee Benefits

FEBRUARY 9, 2024

However, for employees without an in-depth knowledge of the pensions system, the time until they reach retirement may mean saving for this is low on their list of priorities. Individuals could face increased pressure should the state pension age increase further. Female employees are also likely to be particularly affected.

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Employee Benefits

JUNE 2, 2023

Credit: William Barton / Shutterstock.com Banking organisation Natwest Group has completed its acquisition of a majority shareholding in workplace savings and pensions fintech Cushon. The group agreed to acquire 85% of Cushon for £144 million back in February, with 15% retained by management.

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Employee Benefits

APRIL 11, 2024

The Department for Work and Pensions has published new guidance to help employers better support disabled people. In January 2024, the scheme had more than 19,000 members, employing around 11.5 The new Disability Confident guide was produced in conjunction with the Chartered Institute of Personnel and Development (CIPD). million staff.

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Employee Benefits

JUNE 29, 2023

In addition, airport employees can now increase their pension contributions to 4% and if they do so, their employer will contribute 8%. As of 1 April 2024, staff have the choice to increase their pension contributions to 6%, with the airport contributing 10%.

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Employee Benefits

DECEMBER 12, 2023

Ian Mackenzie, UK head of pension and benefits at BNP Paribas Corporate and Institutional Banking, said: “The accreditation provided internal recognition for the great work we have implemented within the menopause space. “A The whole process acts as a great gap analysis.

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Employee Benefits

NOVEMBER 22, 2023

Class 1 national insurance contributions (NICs) will be cut to 10% from 6 January 2024. According to the government, which announced the move in the Autumn Statement, this means the average worker earning £35,400 will receive a tax cut in 2024-25 of more than £450. From next year, employees will pay 10% and 2% respectively.

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