Employee Benefits

JANUARY 12, 2024

More than a third (36%) of British employees will continue working past state pension age because they do not think their pension will cover their day-to-day expenses , according to research by Canada Life. The post 36% will work past state pension age to cover daily expenses appeared first on Employee Benefits.

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Employee Benefits

AUGUST 9, 2023

Smith and Nephew UK Pension Fund has completed a £260 million buy-in deal. The transaction with Rothesay, which secures the benefits of 1,885 pensioners and dependants, as well as 2,315 deferred members, is the final transaction securing the fund’s objective of insuring all of its members’ benefits.

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Employee Benefits

NOVEMBER 29, 2023

More than 80 offshore drillers working for Odfjell Technology have settled a pay and conditions dispute over work on TAQA installations. In total, the deal equates to a 13% increase that will be fully consolidated into pensions, overtime and future pay increases. Odfjell Technology has been contacted for comment.

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Employee Benefits

OCTOBER 4, 2023

Need to know Benefits technology can play a vital role in engaging employees and ensuring take up of benefits. Technology has become a vital part of how we operate, and this is certainly the case in the world of benefits. It is a good idea to start at the end and work backwards, says David Kirk, growth leader, technology, at Aon. “In

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Employee Benefits

JULY 31, 2023

But your organisation might be doing just that because the set-up of your workplace pension scheme has kept you blissfully unaware. Pension contributions by employers are great in principle, fostering stability and long-term economic wellbeing for employees. After all, your workplace pension is your most costly perk.

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Employee Benefits

DECEMBER 8, 2022

Need to know: *Trustees of large pension schemes and master trusts now have an additional obligation to publish a forward-looking measure of their scheme’s alignment with the Paris Agreement. Trustees and employers should ensure the pension investment strategy aligns with the business’s own corporate social responsibility strategy. .

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Employee Benefits

NOVEMBER 14, 2022

Need to know: Trustees of large pension schemes and master trusts now have an additional obligation to publish a forward-looking measure of their scheme’s alignment with the Paris Agreement. Trustees and employers should ensure the pension investment strategy aligns with the business’s own corporate social responsibility strategy.

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Pension Consulting Government Media 59

Employee Benefits

SEPTEMBER 15, 2023

Two-fifths of older employees are unaware of how much they have saved for retirement, according to research by workplace savings and pensions fintech Cushon. However, 86% of this age group have never transferred one pension pot into another. However, 86% of this age group have never transferred one pension pot into another.

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Employee Benefits

JANUARY 26, 2022

The Work and Pensions Committee is calling for trials of automatic appointments with the Pension Wise service as part of its new ‘Stronger Nudge’ interventions. This can be delivered face-to-face or online and utilises digital nudge technology to encourage employee engagement and participation.

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Employee Benefits

APRIL 23, 2024

Half (51%) of employees want to see their employer invest more in sustainability, rising to 61% among younger workers aged 18-34, according to research by employee benefits technology provider Zest.

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Employee Benefits

APRIL 8, 2024

They can choose to receive their payment instantly, send it to their savings account, or put it straight into their pension pot. We look forward to working with PayCaptain and rolling out their sophisticated technology and team’s expertise across the business to continue driving our commitment to enhancing our employee experience.”

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Employee Benefits

NOVEMBER 6, 2023

This would incorporate an employer pension contribution of 4%, and an extra 5% which could be used to purchase other benefits. The starting point was the pension plan. It also signed up to the Green Pensions Charter, which helps challenge pension providers around their wider sustainability credentials. “We

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Employee Benefits

APRIL 24, 2024

The new reporting regime for pension schemes to disclose their investment allocations to UK markets is flawed. Ken Scott, head of investment solutions at Royal London, says: “Department for Work and Pensions (DWP) best practice suggests that lifestyling is a key consideration.

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Employee Benefits

JULY 10, 2023

Technology has transformed the way employees interact with their benefits, enabling much greater engagement. Several different types of benefit technology are available. Benefits professionals should also look to HR technology, bringing in data from employee surveys, payroll and offboarding for deeper insight.”

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Employee Benefits

NOVEMBER 6, 2023

Travel-related benefits, pensions and carbon-offsetting schemes can all help employees make a difference to their carbon footprint, and that of their employer. Green investments Pensions are another area where employers can have a significant impact. Refurbished options Other measures can also have an impact.

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Employee Benefits

FEBRUARY 14, 2023

Credit: William Barton / Shutterstock.com Banking organisation NatWest Group has acquired 85% shareholding in workplace savings and pensions fintech Cushon, with the remaining 15% retained by Cushon management. Users can save into pensions, ISAs and other products direct from their pay. The business has £1.8

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Employee Benefits

MARCH 8, 2022

The Wealth at Work group – a leading financial wellbeing and retirement specialist has acquired Death by Design Limited (DBD Digital), a technology firm based in Alderley Edge, Cheshire who have worked with the group for over a decade, purposefully designing a range of bespoke technology systems and delivering marketing services.

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Money Talk

OCTOBER 11, 2023

Back-Up Income - When older adults start a business, they often have back-up income sources such as Social Security, a pension, or an annuity. Continued Growth and Learning - Entrepreneurship requires older adults to stay mentally sharp by keeping up with the latest information in their field and with technology advances.

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Employee Benefits

JUNE 28, 2023

Benefits on offer at Fox Agency: Pension Salary sacrifice pension arrangement; employees are automatically enrolled after three months’ service. Opportunity to travel to technology events. Employee contribution 5% and employer contribution 3%. Healthcare and wellbeing £25 monthly wellbeing allowance.

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Workplace Insight

MAY 16, 2024

Willmott Dixon also announced recently that it has won the job to build the £60m Greenheys development at Manchester Science Park for Bruntwood SciTech, a joint venture between Bruntwood, Legal & General and the Greater Manchester Pension Fund.

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Workplace Insight

NOVEMBER 28, 2022

“My engineering students had come to class with technology on their minds.” It’s a fascinating book in which she consciously pushes back against the prevailing narrative that so-called smart technology has a fix for every problem. And like Hendren’s students, we start with technology on our minds. This is no accident.

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Employee Benefits

JANUARY 2, 2023

Yet there will always be a need for human involvement, particularly around financial benefits, says Alexis Parrish, head of benefits technology at pensions advisory firm Isio. “We Developments in 2023 are likely to be modest, as technology teams seek to develop best practices and agree common standards. Individual experiences.

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Workplace Insight

DECEMBER 12, 2023

” The announcements today include new second headquarters for the Department of Business and Trade in Darlington, and the Department for Science, Innovation and Technology in Greater Manchester.

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Employee Benefits

JANUARY 15, 2024

The global financial technology firm that provides merchants with card readers and payment solutions has more than 3,000 employees globally. Its benefits offering for UK-based employees includes the SumUp corporate pension scheme, private medical insurance and life insurance cover, which it primarily markets towards its older staff.

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Employee Benefits

FEBRUARY 19, 2024

Benefits on offer at FitFlop in the UK: Pension Group personal pension (GPP) plan offered via salary sacrifice arrangement for all employees, with 4.5% contributions from both employee and employer.

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Employee Benefits

NOVEMBER 30, 2023

loyalty pension programme; Tack means ‘thank you’ in Swedish. Each full-time employee who has worked for the group for five years or more will receive the same amount of extra contribution to their pension fund, regardless of their position or salary level. loyalty pension programme since 2014.

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Employee Benefits

FEBRUARY 24, 2022

Rapidly growing finance technology provider Cushon has appointed experienced HR practitioner Jo Bean as chief people officer. If Cushon’s acquisition of the Creative Pension Trust is approved by the regulator, it will increase the fintech’s customer base to over 400,000 and the value of the assets under its management to £1.7

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Employee Benefits

SEPTEMBER 18, 2023

The employee benefits technology platform’s findings highlight growing challenges in the UK around access to healthcare, as more people explore private provision as opposed to solely relying on public healthcare, due to growing waiting lists.

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Employee Benefits

OCTOBER 11, 2023

They will also be eligible for compassionate and parental leave that includes providing a lump sum to cover time off if they welcome a new family member or lose a loved one, and discounts on food and groceries, fuel, technology and utilities at well-known retailers.

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Employee Benefits

JANUARY 24, 2024

Need to know: Crypto currency is still unusual in pay strategies with early adopters predominately technology businesses and the professional services firms that support them. Glenn Cameron, investment consultant at actuarial and pension specialists Cartwright, believes one of the currencies, Bitcoin, will become mainstream.

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Employee Benefits

FEBRUARY 7, 2024

Energy technology business Ovo Energy uses its total reward strategy to ensure its workforce feels inspired and a deep sense of belonging when they join. “We have looked at every benefit we offer and assessed where we can support a greener world.

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Employee Benefits

OCTOBER 4, 2023

In addition, the organisation was keen to put money back in the pocket of staff and, in conjunction with BH Network, it rolled out a salary sacrifice technology scheme that allows employees to spread the cost of buying home technology. Llewellyn said: “It’s been about getting benefits in a quicker timeframe.

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Employee Benefits

MARCH 15, 2024

FitFlop also offers its employees private medical and dental insurance, employee assistance programmes, a health cash plan, a pension scheme via a salary sacrifice arrangement, hybrid working, an employee recognition scheme, retail discounts, a home technology benefit, a bikes-for-work scheme and a give-as-you-earn scheme.

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Employee Benefits

MARCH 28, 2023

Wealth at Work group (“the Group”) acquires Design Consulting Limited (trading as “Landscape”) – the employee engagement and pension communication specialist based in Southwark, London. Landscape already have a great reputation in our market, particularly in supporting occupational pension schemes.

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Employee Benefits

FEBRUARY 15, 2024

Employee benefits that will be accessible through the framework include an online benefits platform, a bikes-for-work scheme, a green car scheme, a home technology and smartphone scheme, a childcare voucher scheme, pensions savings, pet and eldercare insurances, and a retail and leisure discount scheme.

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LACE Partners

FEBRUARY 24, 2023

You often had a bar or sports facilities on site, socialised mainly with your colleagues, and the company gave you a final salary pension equivalent to pretty much your entire annual salary at retirement as a thank you for devoting your career to them. This created two angles that I think have since been lost. Pensions are now far smaller.

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Employee Benefits

JUNE 8, 2023

It is leading the way in innovating employer engagement via its suite of employee benefits that match individual business requirements with a tailored, personal solution, to provide a ‘bridge’ between an employer and its workforce with pioneering technology-based solutions.

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