How will the Spring Budget 2024 affect pay, pensions and employee benefits?
Employee Benefits
MARCH 7, 2024
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Employee Benefits
MARCH 7, 2024
appeared first on Employee Benefits.
HR Lineup
OCTOBER 21, 2024
Employee benefits management has become increasingly complex in recent years, with professionals needing to navigate health plans, retirement packages, wellness programs, and various compliance regulations. Below are the top 10 employee benefits certifications for professionals in 2024.
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Employee Benefits
OCTOBER 18, 2024
Where speakers have given approval, we have uploaded the slides for the keynote and conference sessions at Employee Benefits Live 2024, which took place on 8-9 October 2024 at ExCeL London. When you think you’ve got it right, but your employees have no idea! Is anyone there?”
Employee Benefits
MAY 28, 2024
About 1,000 Unite union members working at two Morrisons warehouses have undertaken strike action for three days over a cut in company contributions to their pensions. Morrisons said the loss in pension contributions per worker would be more than offset by the offered pay rise.
Employee Benefits
MARCH 6, 2024
Spring Budget 2024: Jeremy Hunt, Chancellor of the Exchequer, has announced plans to bring forward requirements for defined contribution (DC) schemes and local government pension schemes (LGPS) to publicly disclose the breakdown of their asset allocation in UK equities. Requirements for LGPS will be introduced in April 2024.
Employee Benefits
DECEMBER 12, 2023
The Employee Benefits Awards 2024 are now open for entries, celebrating and honouring excellence in the HR, reward and benefits community. 2024’s event will feature 22 categories that are open for entries, ranging from pensions and motivation schemes, to mental health, financial wellbeing and healthcare.
Employee Benefits
JANUARY 22, 2024
The deadline for the Employee Benefits Awards 2024 has been extended until midnight on Friday 9 February to give HR, reward and benefits professionals more opportunity to enter. The winners for 2024 will be announced at the Employee Benefits Awards on Friday 14 June 2024 at the HAC London.
Employee Benefits
SEPTEMBER 2, 2024
Choosing a pension provider that offers easily accessible and age appropriate investment education can increase employees’ confidence on the topic. Investment fund choices for employees with specific needs or beliefs ensure wider needs are met. Internal surveys can provide an insight into what they know and would like to learn.
Employee Benefits
JULY 24, 2024
Newcastle Building Society has received living pension employer accreditation from the Living Wage Foundation. The society’s commitment will see its new employees, who join the organisation after 1 April 2024, receive a higher default level of pension than current auto-enrolment contributions, with workers paying 5% and employers paying 7%.
Employee Benefits
OCTOBER 21, 2024
Credit: Andrii-Yalanskyi/Shutterstock Employers should review DC pension contribution structures to keep employee incentive and remuneration packages relevant as well as keep up-to-date with legislation. Communicating changes is not just key to staff engagement but can be used as a tool to enhance employees’ wellbeing.
Employee Benefits
NOVEMBER 23, 2023
A number of key announcements were made that will affect pay , pensions and benefits. Autumn Statement: Government announces plans to offer pension pot for life Autumn Statement: State pension to increase by 8.5% appeared first on Employee Benefits.
Employee Benefits
NOVEMBER 22, 2023
The state pension will increase by 8.5% from April 2024. Jeremy Hunt, Chancellor of the Exchequer, announced the rise in the Autumn Statement, with the increase based on average earnings data published in September and in line with the government’s triple lock policy on pension changes. increase on the horizon for April 2024.
Employee Benefits
OCTOBER 11, 2024
The top 10 most read articles between 4 – 10 October 2024 on employeebenefits.co.uk The top 10 most read articles between 4 – 10 October 2024 on employeebenefits.co.uk The top 10 most read articles between 4 – 10 October 2024 on employeebenefits.co.uk
Employee Benefits
FEBRUARY 12, 2024
More employers could introduce gender inclusive paid parental leave to prevent and try to close gender pension gaps. The Pensions (Extension of Automatic-Enrolment) (No. 2) Bill will remove the lower earnings limit, enabling more employees to pay into a pension. The Pensions (Extension of Automatic-Enrolment) (No.
Employee Benefits
FEBRUARY 8, 2024
HR, reward and benefits professionals who want to be in with a chance of winning at the Employee Benefits Awards 2024 have just one day left to enter. There are 22 categories available to enter across a wide range of categories, including financial wellbeing , pensions, healthcare, employee engagement and mental health.
Employee Benefits
MARCH 6, 2024
As announced in The Spring Budget, National Insurance (NI) is reducing from 10% to 8% from April 2024. a year in NI contributions and be able to pay an additional 1.03% of their salary into their workplace pension at no additional cost to them. When made into a pension contribution it is worth £206.39 1.53% £1,300.00
Employee Benefits
SEPTEMBER 27, 2024
The top 10 most read articles between 20 – 26 September 2024 on employeebenefits.co.uk The top 10 most read articles between 20 – 26 September 2024 on employeebenefits.co.uk
Employee Benefits
AUGUST 23, 2024
The top 10 most read articles between 16 – 22 August 2024 on employeebenefits.co.uk million pension bulk annuity deal Digital Science appoints new chief people officer Bath Building Society introduces suicide prevention and mental health tool 40.6%
Employee Benefits
AUGUST 21, 2024
Central to this was its pension scheme. “We We offered a competitive pension that was above the market median but a majority of colleagues weren’t taking advantage of it,” Thomas says. When national insurance was reduced, we sent out communications suggesting that the extra increase in pay could be put into a pension,” says Thomas. “We
Employee Benefits
OCTOBER 7, 2024
The Employee Benefits Awards 2025 are now open for entries, aimed at recognising and honouring excellence in the HR, reward and benefits community. There will be 21 categories for 2025, ranging from pensions and motivation schemes, to mental health, financial wellbeing and healthcare. See all the categories and enter now.
Employee Benefits
AUGUST 9, 2024
The top 10 most read articles between 2 – 8 August 2024 on employeebenefits.co.uk 65% of pension scheme sponsors do not know how much members can expect at retirement One in three employers do not offer financial advice as a benefit SCA UK Pension Plan completes £1.1
Employee Benefits
SEPTEMBER 13, 2024
The top 10 most read articles between 6 – 12 September 2024 on employeebenefits.co.uk The top 10 most read articles between 6 – 12 September 2024 on employeebenefits.co.uk
Employee Benefits
JANUARY 30, 2024
The Department of Work and Pensions (DWP) has published the final version of the Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 and a consultation response. The post DWP publishes updated occupational pension schemes regulations appeared first on Employee Benefits.
Employee Benefits
JULY 26, 2024
The top 10 most read articles between 19 – 25 July 2024 on employeebenefits.co.uk The top 10 most read articles between 19 – 25 July 2024 on employeebenefits.co.uk
Employee Benefits
JULY 19, 2024
The top 10 most read articles between 12 – 18 July 2024 on employeebenefits.co.uk The top 10 most read articles between 12 – 18 July 2024 on employeebenefits.co.uk
Employee Benefits
AUGUST 2, 2024
The top 10 most read articles between 26 July – 1 August 2024 on employeebenefits.co.uk The top 10 most read articles between 26 July – 1 August 2024 on employeebenefits.co.uk
Employee Benefits
JULY 15, 2024
Employee Benefits’ webinar, Future proofing employees’ financial wellbeing , sponsored by Aviva, is set to be broadcast live at 11am on Tuesday 16 July 2024. Pensions will also be on the agenda. Register for your free place to attend.
Employee Benefits
MARCH 26, 2024
Ride-hailing operator Bolt is to launch a pension scheme for its 65,000 UK registered private hire vehicle drivers from 1 May 2024. Through the scheme, which is provided by Aviva, drivers will be able to contribute 5% of their fees from every completed trip into their pension pot, to which Bolt will add a further 3% contribution.
Employee Benefits
MARCH 6, 2024
Chancellor of the Exchequer Jeremy Hunt will deliver his Spring Budget 2024 speech at 12.30pm on Wednesday 6 March 2024. Stay tuned to the Employee Benefits website for all the latest updates on how the Spring Budget could impact pay, pensions and benefits for employers and staff.
Employee Benefits
AUGUST 5, 2024
Two-thirds (65%) of those running pension schemes do not know how much a typical member can expect at retirement, according to Aon’s latest research. Only around one in three (35%) respondents know what sort of pension outcome a typical member of their DC scheme can expect.
Employee Benefits
JUNE 21, 2024
The top 10 most read articles between 14 – 20 June 2024 on employeebenefits.co.uk were: Exclusive: Co-op wins Grand Prix at Employee Benefits Awards 2024 Morrisons warehouse workers accept new pensions, pay and conditions Who will win at the Employee Benefits Awards 2024?
Employee Benefits
MAY 16, 2024
Technology firm Siemens and Stockton-on-Tees Borough Council are among the employers shortlisted for Best pensions strategy at the Employee Benefits Awards 2024. A Howden spokesperson said: “We worked really hard with our pensions strategy.
Employee Benefits
SEPTEMBER 20, 2024
The top 10 most read articles between 13 – 19 September 2024 on employeebenefits.co.uk The top 10 most read articles between 13 – 19 September 2024 on employeebenefits.co.uk
Employee Benefits
MAY 31, 2024
The top 10 most read articles between 24 – 30 May 2024 on employeebenefits.co.uk The top 10 most read articles between 24 – 30 May 2024 on employeebenefits.co.uk
Employee Benefits
MARCH 4, 2024
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.
Employee Benefits
JULY 12, 2024
The top 10 most read articles between 5 – 11 July 2024 on employeebenefits.co.uk The top 10 most read articles between 5 – 11 July 2024 on employeebenefits.co.uk
Employee Benefits
MAY 8, 2024
The Chancellor announced powers that would be given to both the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) in legislation slated for as early as 2027, enabling them to enforce the value for money regime. The Chancellor also announced two policy intentions for pensions in the future, with specifics to follow.
HR Lineup
OCTOBER 13, 2024
In this article, we will explore the Top 10 Global HR Services Providers in 2024, focusing on the services they offer, their market reputation, and how they stand out in the competitive HR landscape. 10 Best Global HR Services for 2024 1. The post Top 10 Global HR Services Providers 2024 appeared first on HR Lineup.
Employee Benefits
JULY 5, 2024
The top 10 most read articles between 28 June – 4 July 2024 on employeebenefits.co.uk The top 10 most read articles between 28 June – 4 July 2024 on employeebenefits.co.uk
Employee Benefits
MARCH 6, 2024
Spring Budget 2024: The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) will have a full range of regulatory powers to ensure employers are adhering to the Value for Money (VFM) framework. “We welcome the aim to target good investment returns for every member.
Employee Benefits
JUNE 14, 2024
The top 10 most read articles between 7 – 13 June 2024 on employeebenefits.co.uk pay rise The post The top 10 most read articles between 7 – 13 June 2024 appeared first on Employee Benefits. The top 10 most read articles between 7 – 13 June 2024 on employeebenefits.co.uk
Best Money Moves
MARCH 11, 2024
The 4 best benefits in 2024, according to employees. Your benefits choices go a long way toward attracting the right employees. Here are the 4 best benefits in 2024, according to employees. To evolve your benefits strategy, you need to understand what will help your employees the most.
Employee Benefits
JUNE 7, 2024
The top 10 most read articles between 31 May – 6 June 2024 on employeebenefits.co.uk over past year The post The top 10 most read articles between 31 May – 6 June 2024 appeared first on Employee Benefits. The top 10 most read articles between 31 May – 6 June 2024 on employeebenefits.co.uk
Employee Benefits
JANUARY 19, 2024
The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk
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