Credit: elina.nova/ShutterstockWhat are master trust pension schemes?Master trusts are defined contribution pension schemes, set up under trust law, which allow multiple employers that are unconnected with one other to participate. Each employer can set its own employer and employee contribution rates and usually has its own named section of the ...

Jul 5, 2010 · If you read nothing else, read this . . .Views on bonuses can differ from country to country, and region to region, as well as between organisations.Labour markets, costs of living and exchange rates must be considered when setting an international bonus structure.Rewarding individuals for the right behaviour as well ...

Jun 17, 2024 · What are corporate eyecare schemes? Looking after employees’ eye health delivers several benefits to employers. As well as helping meet their duty-of-care requirements, offering employees a regular eye examination can be …

Jan 10, 2024 · What are corporate gym memberships?Employers can offer a corporate gym membership on an employee-paid or discounted basis, with many gyms offering membership deals to organisations. Through membership, staff can access a gym, health club, leisure or sports centre, or exercise classes as part of a voluntary or flexible benefits package.What ...

Oct 23, 2023 · What are health cash plans? The origins of health cash plans can be traced back to the 19 th century when they were originally provided by charitable or non-profit organisations. As a support system that pre-dates the creation of the NHS in 1948, cash plans helped employees pay for their various healthcare needs.

Jan 30, 2017 · The facts: What is corporate gym membership?This can be offered to staff by their employers on a paid-for or discounted basis, providing access to a gym, health club, leisure or sports centre, or even exercise classes, as part of a voluntary or flexible benefits package.

Nov 21, 2024 · UK private medical insurance costs are expected to increase by 12.6% in 2024, higher than the global average and three percentage points above the European average, according to research by global advisory, broking and solutions firm Willis Towers Watson (WTW).. According to the WTW Global medical trends survey, UK private medical inflation has been consistently higher than the European ...

Sep 10, 2024 · What is salary sacrifice, and how can it help save money for both employers and employees? Terms like salary sacrifice, salary deduction, NET, and Gross can often confuse HR professionals and employees. There are important distinctions between the two, and the type of scheme available may vary depending on the ...

Apr 3, 2024 · What are healthcare trusts? Healthcare trusts enable employers to provide self-funded medical cover to employees. Unlike private medical insurance (PMI), healthcare benefits are paid for from a trust fund, set up with trust rules.

May 1, 2019 · The benefits offered by Royal Mail:Pensions, pay and group riskRoyal Mail's defined benefit (DB) pension scheme was closed to new members in March 2008 and new employees are provided with a defined contribution (DC) pension. The DB arrangement closed to future accrual in March 2018; members of this scheme have ...