Employers may be wasting money on reward strategies by not communicating to staff the total value of their package.
Research from the Chartered Institute of Personnel and Development (CIPD) found that less than a fifth of companies provide total reward statements, while the majority do...
MPs’ pay and pensions are being reviewed by the Independent Parliamentary Standards Authority (IPSA).
The Government has given IPSA the power to decide on the remuneration arrangements for MPs, who currently receive a wage of £65,738.
The Authority...
UK border staff are to join strike action over public sector pension changes on 10 May.
Nearly three-quarters of the Immigration Services Union (ISU) members voted against the Government’s proposals with a turnout of 35 per cent.
Lucy Moreton, Deputy General...
Only 43 per cent of employees who currently do not have a pension would remain in a scheme once they were automatically enrolled.
The findings from Aviva highlighted the challenges of getting workers to save for their retirement and demonstrated that opt-out rates could be...
The financial education agenda is gaining pace, especially with the upcoming implementation of auto-enrolment. Pay & Benefits gathered together industry insiders to discuss the topic.
In these tough economic times, when people up and down the country are struggling to make ends meet, it is arguably more important than ever for employers to offer their staff support in the form of financial education at work.
Now is also the time employees need to start rethinking...
A public sector strike is scheduled to take place on 10 May, following failed discussions over changesto pensions.
The NHS is likely to feel the biggest impact, with up to 100,000 Unite members participating in the industrial action. These consist of health visitors, pharmacists and...
Plans for “defined ambition” pension schemes have been met with mixed reactions.
Proposals set out by the Pensions Minister offer a way of balancing the risk between staff and employers in the private sector. This should help to give a guaranteed return.
Mercer...
Pension scheme providers should offer a statement of total charges in order for people to make easy cost comparisons between provisions.
The proposal, put forward by The Work and Pensions Committee, is being supported by PricewaterhouseCoopers (PwC). It argues that a statement would...
Only one-third of FTSE 100 companies offer all of their employees access to a defined contribution (DC) pension.
Findings from Towers Watson show that auto-enrolment has led to an “all-time high” in DC schemes. It also highlighted that despite the rise in potential pension...
Annual leave allowance and pensions are the two most important benefits that employees consider when applying for a job.
The research from MetLife showed that these provisions each ranked top for 33 per cent of respondents. However, this varied demographically.
A total of 40...
Contracts won in the payroll and benefits industry
Automated processes
Ceridian has implemented HRevolution, its Software as a Service payroll and online payroll reporting solution, for Agrovista UK.
Previously the agronomy specialist was reliant on manual processes to capture data about its 275 employees on spreadsheets. The new...
The latest innovations in payroll and benefits
Changing behaviours
iGlobalWellness has launched its Wellness 4 Life programmes, which are designed to help managers and employees change their long-term behaviours to benefit their health.
There are two programmes on offer. The first is for senior management and lasts a year, while...
The Treasury will fight against European Union plans to introduce measures which will make pensions more expensive.
In a letter to lenders, Finance Secretary, Mark Hoban, made assurances that the Government would oppose Solvency II type rules which were designed for the...
Businesses are being given the opportunity to bring forward their auto-enrolment staging dates to suit their needs.
The Pensions Regulator (TPR) has published details of alternative timescales for employers, offering those scheduled to start the process in October and November...
Plans for private sector workers to have guaranteed pension pots have been proposed by Steve Webb.
The Pensions Minister wants employers to offer an alternative to the final salary arrangement, which has now largely been discarded in favour of defined contribution schemes....
