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What do employers need to know about the pensions lifetime allowance abolition?

Employee Benefits

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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The benefits offered by Wave

Employee Benefits

The benefits on offer at Wave: Pension A master trust pension scheme for all employees. Group income protection employer-paid for all employees, subject to acceptance by the insurer. Age limits are 16 to state pension age. Life insurance for all employees with a death-in-service benefit of four-times salary.

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Supporting staff following a relationship breakdown

Employee Benefits

More than 90% of respondents to a survey published by the Positive Parenting Alliance (PPA) in January 2023, said their relationship breakdown affected their performance at work, with 39% having to take time off and a further 12% stopping work altogether. Supporting employees through this difficult time is important.

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Designing a Remarkable Employee Perks Program that Fuels Success

Vantage Circle

As a gesture of gratitude towards their diligent workforce, employers can offer various retirement plans such as 401(k) or pension-based schemes. Life Insurance: According to Forbes Advisor , life insurance was deemed the top benefit by 45% of employees and 43% of employers.

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Mental Injuries: Workers’ Compensation and Disability Insurance Part 1

Workers' Compensation Perspectives

the rise in incidence is reflected in higher numbers of life insurance applicants disclosing mental diseases as well as increased numbers of claims …most mental health conditions are considered chronic or recurrent and have a high correlation with other health issues, despite good treatment.

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Two in five people are working extra hours as cost-of-living crisis bites

Workplace Insight

HR software provider Ciphr surveyed 1,000 employees across the UK about their experiences of rising living costs in 2023, and any actions they’ve taken, or have considered taking, because of financial pressures. This compares to 64 percent of all in-person workers surveyed, and 38 percent of all remote and hybrid workers surveyed.

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Best Methods for Attracting and Retaining Talented Employees

Business Management Daily

Finding and retaining top talent is more complex than ever in 2023, and as LinkedIn’s most recent Workplace Learning Report discovered – 93% of companies have growing concerns over employee retention. health insurance, FMLA, unemployment, etc.), Why has finding and holding onto talented employees become so complicated?

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