Many traditional flexible benefit schemes have become complex and unwieldy. Nick Martindale looks at how providers are evolving to simplify products and better meet employee needs.
The entry deadline for the Workplace Savings & Benefits Awards 2019 is Thursday 9th May.
Paul McGlone says let's start with the basics, re-unite members with their DB schemes, and provide some very basic information
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Nearly half of UK employees surveyed did not take a sick day in 2017.
Some 88% of employers are concerned about the financial issues their employees are struggling with, but only half have a wellbeing strategy, according to research.
Employers boosting wellbeing spend in bid to tackle surge in employee stress and mental health issues
Almost seven out of ten (68%) of employers report employee stress and mental health-related illness, Aon Employee Benefits research reveals.
Aon has acquired Portus Consulting as part of wider plans to grow its UK employee benefits business both organically and through acquisition.
Workplace pensions should be supplemented with other savings vehicles if employees are to save adequately for retirement according to an industry panel.
Samsung has introduced a workplace ISA to address the changing savings priorities of its 1400 staff.
Employers are being encouraged to use advancing technology to provide employees with more personalised and optimal benefits.
Aegon has called for the introduction of triggers for automatically increasing pension savings to tackle the issue of people not contributing enough.
Employers must address the impact on death in service benefits following lifetime allowance (LTA) and pension protection changes according to Aon Employee Benefits.
Over half (57%) of people are more likely to stay with a company that offers pensions related advice according to Wealth Wizards.
Scottish Widows has launched a corporate wrap, allowing employees to track both workplace benefits and their personal finances.