Employee Benefits Pension Benefit Salary 
Employee Benefits
MARCH 11, 2024
The Bank of England has given its more than 5,000 employees a 4% pay rise along with a 1% salary top-up deal for 2024/25 as part of its aim to retain staff in a competitive jobs market. The deal, which was intended to match inflation , was accepted by the trade union that represents the bank’s employees.
Employee Benefits
JULY 29, 2024
The Court of Appeal has upheld the High Court’s ruling that a written actuarial confirmation was required where an alteration to the Virgin Media scheme’s rules affected pension benefits for past or future service benefits.
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Employee Benefits
APRIL 29, 2024
Almost half (48%) of HR leaders said they have seen a poor uptake of employee benefits because employees do not seem interested in what is on offer, according to new research from Nous.co. One-fifth (20%) admitted that there was either a lack of onboarding for employee benefits initiatives, or onboarding was inadequate.
Employee Benefits
MARCH 7, 2024
A total of 25,000 employees out of 32,000 across the UK will receive a bonus in their pay packets at the end of March as a result of a 27% increase in profit to £188 million. The bakery chain also implemented an 8% overall wage and salary inflation in 2023 and expects to make around an increase of around 9.5%
Employee Benefits
JANUARY 18, 2022
There are a number of reasons for this: their salary is often higher than earlier in their career, mortgage payments are probably less onerous and children may be grown up and no longer financially dependent. A different source of financial stress affects older employees: preparing for their life after work.
Employee Benefits
JULY 24, 2023
A central government-demanded review of TFL’s pension arrangements, which is a condition of the 1 June 2021 £1.1 billion funding agreement made by the government for TFL, suggested that the value of members’ pensions would be cut and a final salary scheme ended in return for pandemic-recovery funding.
Employee Benefits
MAY 13, 2024
It also gives staff the ability to reduce their pension scheme contributions in return for extra cash in their pay slips, as well as to direct more of their salary to their pensions. This helps to increase staff engagement with their pension scheme.
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