Employee Benefits

UK - Accountancy giant Ernst and Young is introducing pension salary sacrifice for its staff from January 1.

UK - Mercer Human Resource Consulting is developing packaged services that it claims will help companies manage their next generation money purchase and "legacy" final salary plans.

US/CANADA - Employees' rates of contribution to employer-sponsored defined contribution (DC) schemes in North America fall well below estimates of the savings levels required for a comfortable retirement, a new study has found.

UK - Brighton & Hove City Council has introduced a voucher scheme to save employees money on childcare costs.

UK - Schemes have echoed union concerns that pensions for executives are outstripping benefits for other staff.

UK - Retail companies are increasingly using flexible benefits to differentiate themselves from competitors, new research shows.

UK - The Royal Bank of Scotland has become the latest company to offer mobile phones on a salary sacrifice basis to its staff.

US/CANADA - Employees' rates of contribution to employer-sponsored defined contribution (DC) schemes in North America fall well below estimates of the savings levels required for a comfortable retirement, a new study has found.

UK - Bosses at UK companies are enjoying pension schemes worth up to 50 times those of other workers, according to a TUC PensionsWatch report released today.

UK - Compulsory pension contributions could make the savings crisis worse, senior industry figures warn.