Employee Benefits

JULY 24, 2023

Several strike dates due to take place on the London Underground have been suspended following negotiations about potential reforms of Transport for London’s (TFL) pension scheme. A central government-demanded review of TFL’s pension arrangements, which is a condition of the 1 June 2021 £1.1

Pension 52

Pension Pension Benefit Transportation Government 52

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. The deal, which was intended to match inflation , was accepted by the trade union that represents the bank’s employees.

Banking 102

Banking Pension Benefit Pension Insurance 102

Employee Benefits

APRIL 29, 2024

Almost half (48%) of HR leaders said they have seen a poor uptake of employee benefits because employees do not seem interested in what is on offer, according to new research from Nous.co. One-fifth (20%) admitted that there was either a lack of onboarding for employee benefits initiatives, or onboarding was inadequate.

Pension Benefit 64

Pension Benefit Pension Food Healthcare 64

Employee Benefits

MAY 13, 2024

Since then, it has amended this by adding a neurodiversity benefit to its private medical scheme, which it runs as a trust, and allowing them to join a gym during any month or select an electric car from car leasing provider Arval. This helps to increase staff engagement with their pension scheme.

Pension 59

Pension Pension Benefit Medical Insurance 59

Employee Benefits

MARCH 7, 2024

A total of 25,000 employees out of 32,000 across the UK will receive a bonus in their pay packets at the end of March as a result of a 27% increase in profit to £188 million. The bakery chain also implemented an 8% overall wage and salary inflation in 2023 and expects to make around an increase of around 9.5%

Bonuses 59

Bonuses Pension Benefit Manufacturing Pension 59

Employee Benefits

JANUARY 18, 2022

There are a number of reasons for this: their salary is often higher than earlier in their career, mortgage payments are probably less onerous and children may be grown up and no longer financially dependent. A different source of financial stress affects older employees: preparing for their life after work.

Pension 141

Pension Pension Benefit Finance Salary 141

Employee Benefits

FEBRUARY 17, 2023

Therefore, people’s pension savings will likely start catching up with the frozen Allowance. This could particularly affect those who never check the value of their pension or haven’t done so for some time. Positive pension fund growth as well as a pay rise may easily push them over the LTA before they know it.

Pension 104

Pension Taxes Pension Benefit Salary 104