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Employees want greater benefit choice – Gissings survey

Employees want far greater choice over the benefits they are offered by employers according to a survey by employee benefits consultant Gissings.

The research shows 88 per cent of respondents want flexibility to decide which benefits they receive but only 30 per cent currently have any choice.

Twenty per cent of respondents would opt out of holiday entitlement if they could receive cash instead but nobody receiving an employer-paid pension would trade it in for cash.

Gissings director of flexible benefits Kim Plummer says: “The results tell us what we have long heard anecdotally from our clients and those employers looking to implement a flexible benefit programme: Employees like to be given some sort of choice in their range of benefits.”


Government about-face on Child Trusts

Pressure from the investment industry has resulted in a U-turn in Government policy on its Child Trust Fund initiative. A Treasury paper to be published later this month will reveal the funds will be equity-based instead of cash-based. The paper will also call on fund managers to establish stakeholder-compliant funds for parents not wanting to […]

MBO for Berkeley Berry Birch&#39s nursery Network

Berkeley Berry Birch&#39s nursery network Alpha to Omega has been bought from its parent group in a management buyout deal.The directors of the Alpha to Omega network have purchased shares from the Berkeley Berry Birch group as an initial consideration for an undisclosed sum.The 18-firm network becomes an associated partner of BBB which will continue […]

Have a gift trust in your armoury

For this week&#39s article, I would like to pick up on the theme covered by Colin Jelley in this column on August 7 concerning inheritance tax planning for clients following the Inland Revenue&#39s announcement on June 20 which heralded the demise of planning using the so-called spousal interest trust route.Colin highlighted the benefits of planning […]

Liverpool Victoria extends 2 per cent extra allocation offer

Liverpool Victoria has extended the 2 per cent extra allocation on its with-profits growth bond due to ongoing demand. Now available until October 31, the single premium bond has a money back guarantee on the policy&#39s 10th anniversary and no early exit charges on death. The bond is designed for long term growth and has […]

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Pension Wise — now taking calls…

Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.


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