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How to implement flexible pension policies

Employee Benefits

Flexible pension policies can help employees shore up short-term financial wellbeing, while still saving for the future. In difficult periods, the ability to flexibly drop or pause pension contributions could be invaluable. One thing that might feel set in stone is pension contributions.

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Deloitte gives staff control with flexible pension policy

Employee Benefits

In October 2022, professional services firm Deloitte introduced a flexible pension policy that gave its 22,000 UK employees more control over their finances, while still centring the importance of retirement savings. We deliberately structured the new policy to be more pro pensions than it was.

Pension 72
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How to structure a sustainable reward strategy

Employee Benefits

Travel-related benefits, pensions and carbon-offsetting schemes can all help employees make a difference to their carbon footprint, and that of their employer. Implementing more sustainable reward strategies can also help to attract and retain employees , says Matt Russell, chief executive officer (CEO) at Zest.

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What impact will CDC pensions have on employers’ retirement provisions?

Employee Benefits

Need to know: Collective defined contribution (CDC) pensions potentially offer a more sustainable way of funding pensions and reducing pension liabilities for some employers. They are being seen as potentially offering a more sustainable way of funding pensions and helping some employers reduce their pension liabilities.

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Supporting staff following a relationship breakdown

Employee Benefits

A wide range of support tools are available including employee assistance programmes (EAPs), concierge services, legal advice and flexible working. Only 9% of respondents say their employers have specific policies or support for separation or divorce but, where someone feels supported at work, they’re much less likely to leave.

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Employment Laws in Nigeria

Global People Strategist

3. The Pension Reform Act, 2014. of monthly wages go towards pension plans. Even though the contribution percentage is set by law, changes can be made with approval from the National Pension Commission. Nigeria has proven to be a leader in African business, drawing global companies enticed by its potential.

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How is the cost-of-living crisis affecting what employees want from their benefits packages?

Employee Benefits

Employers need to be prepared to support their employees in any way possible throughout this year, including through financial or mental health support or increased flexibility.” The cost-of-living crisis has employees demanding pay rises in line with inflation, but many employers are unable to afford this long-term.