Research among 2,000 UK employees and HR decision-makers has revealed a big disconnect between what is expected from staff and the benefits provision they receive. Organisations claim they now believe health benefits are the most important when it comes to attracting and retaining talent as they look to grow beyond the Covid-19 (Coronavirus) pandemic, but […]
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APRA statistics released this week show retail funds have lost nearly $23 billion in value since December 2017, while over the same period industry funds grew by nearly $40 billion. This represents a change in value of assets of -6% for retail funds and +4% for industry funds.
Budget 2021: Income tax thresholds will be frozen until 2026, Chancellor of the Exchequer Rishi Sunak said today (3 March). Setting out plans to help the UK recover from the £407 billion spent on Covid-19 (Coronavirus) support measures, he revealed the personal income tax allowance would rise with CPI as planned to £12,570 in April […]
The post Income tax thresholds frozen until 2026…
Chancellor of the Exchequer Rishi Sunak delivered his much-anticipated Budget speech to the House of Commons on Wednesday 3 March 2021. Below is a summary of the key announcements that could impact pay and benefits strategies: Income tax thresholds frozen until 2026 UK furlough scheme extended until September Pensions lifetime allowance frozen until April 2026 […]
The post How will the…
We’re barely a couple of months into our post-EU lives, and already there has been strong speculation about how workers’ future protections might change. Just a few weeks ago came the news that business secretary Kwasi Kwarteng was reviewing job protections; a move much criticised as signalling the start of the ‘erosion’ of workplace rights. […]
The post Susan Kelly: Don’t discount changes…
With the cryptocurrency increasingly in the spotlight, we consider its role in a multi-asset portfolio.
The post Bitcoin – fool’s gold or digital mecca? appeared first on Investment Magazine.
Budget 2021: The UK’s furlough scheme has been extended until the end of September, Chancellor of the Exchequer Rishi Sunak (pictured) confirmed in the Budget today (3 March). The Coronavirus Job Retention Scheme (CJRS), which currently pays 80% of furloughed employees’ wages up to £2,500 per month for hours that cannot be worked due to the […]
The post UK furlough scheme extended until…
Budget 2021: In his Budget 2021 speech, Chancellor of the Exchequer Rishi Sunak announced a freeze on fuel duty rates for the eleventh year running. Addressing the House of Commons, Sunak announced that fuel duty will remain frozen at 57.95p per litre for both petrol and diesel. Sunak also announced that fuel benefit charges for […]
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Freezing the Pensions Lifetime Allowance will hit younger pension savers while older and wealthiest will already have protection at higher levels. Constant changes in rules and limits undermines long-term retirement planning. Chancellor should consider root and branch review of all the allowances to ensure a sustainable and stable system. This review should include identifying ways of…
Despite being nearly a year into lockdown, less than half of businesses (44%) have a wellbeing strategy in place, according to Aon research exclusively shared with www.employeebenefits.co.uk. The study polled 332 employee benefits and rewards specialists for the company’s UK benefits and trends survey 2021 and found that only a minority of businesses have health […]
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Tomorrow (3 March) Chancellor Rishi Sunak will deliver his long-awaited Budget 2021 – a statement widely anticipated to outline how the government will seek to rebalance the books after nearly a year of on-and-off economic shutdown. With debt now at 99.4% of GDP and borrowing at its highest level since 1993, the announcement is expected […]
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A $10 billion industry fund is reviewing salary and superannuation benefit payments within its defined benefit fund that were potentially paid incorrectly.
New research from Vodafone – released to coincide with the introduction of its new global parental leave policy – has found that women are more than twice as likely than men to quit their jobs because of caring responsibilities. The finding, revealed in the telecommunications company’s Lost connections: supporting carers in the workplace in 2021 […]
The post Women twice as…