Employee Benefits

UK - Increased pension costs have hit profits of half of all UK firms with Defined Benefit (DB) schemes and nearly a quarter have been forced to reduce investment in the business, according to new research.

UK - Flexible benefit experts have welcomed a raft of government measures which will help firms reward employees and promote savings.

UK - Flexible benefit costs can be cut and efficiency improved if firms make greater use of the internet, conference delegates were told on Tuesday.

UK - Thomson's Group has launched a new online employee benefits service aimed at encouraging greater pension savings.

UK - DC contribution levels are being "disastrously underestimated" by scheme members, experts warn.

UK - The rate of growth in the flexible benefits market is set to double this year, experts say.

UK - Companies can reduce employee hostility to DC pension plans by incorporating them into flexible benefit schemes, Gissings director Tim Webb claims.

UK - Watson Wyatt has launched a flexible benefits administration selection service to help employers with their selection of flex delivery systems.

UK - Kwik-Fit Financial Services has unveiled a £300,000 flexible benefits payout bonus for staff.

UK - Employers are increasingly offering key staff alternative non-cash benefits to retain them, new research shows.