Manchester Jelf Employment Seminar: Book now!

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With a continual and increasing level of change to UK employment requirements, it is certainly a really good time to kick-off another of the acclaimed Jelf Employment Seminars.

As usual, we will be fielding our range of expert educators, speaking on important topics of true relevance to UK employers.   The full agenda includes Employment Law, Positive Psychology, how to tackle the UK Protection Gap and, of course, Employee Benefits (including Auto-Enrolment requirements).  The full agenda is provided below.

Our superb venue is Old Trafford, the home of Manchester United Football Club.  The stadium has been the home ground of many international football stars over the years, and many of the current crop will be featuring in the 2012 European Championships.  Old Trafford is also being used as a stadium for the 2012 Olympics.  Delegates will have a chance to soak-up the atmosphere with optional stadium tours after the event. 

The stadium is easy to access by all methods of public transport, and has ample free parking also.

Seminar details:

Date:  Friday 29th June 2012

Timings:  09:40 to 12:10

Location:  The 1999 Suite, Old Trafford, Manchester United F.C., M16 0RA

Suitable for:  Senior Human Resources and Finance Professionals

CPD:  The seminar will qualify for 2 hours CPD

Delegate cost:   FREE!

Refreshments, post event drinks, and stadium tours are all provided free of charge to delegates.

 

The Full Agenda:

 

Positive Psychology:  ‘Making work more rewarding’

A combination of the tough economic environment and significant advances in technology is resulting in greater pressure (and breadth of responsibility) on all of us.  So how should we adapt to these challenges?

A top business coach, Pete will look at methods and practical tips to control these issues, including motivation, goals, and Positive Psychology.

Speaker:  Pete Freeman, Executive Coach, Freeman Coaching

 

The Protection Gap:  ‘Bridging the gap?’

Most are aware of the ‘Savings Gap’, but the less well known ‘Protection Gap’ is a much more immediate danger to many millions of UK employees and their families.

Tim will guide delegates through recent research and supporting facts on this important topic, and suggest ways that employers can help employees, and also generate a return to the business at the same time.

Speaker:  Tim Jackson, Head of Marketing Strategy, UNUM

 

Employment Law:     5 Key Trends in Employment Law’

What’s new in the area of Employment Law, and what should delegates be looking for as key trends over the next 12 months?

Topics covered will include social media, increases in discrimination claims, and changes to the Employment Tribunal system.  An informative and necessary session for all delegates.

Speaker:  Mark McKeating, Associate Solicitor, Hill Dickinson LLP

 

Employee Benefits:   ‘Is 2012 the big kick-off for Employee Benefits?’

In recent years there has been much change to the legislative framework of Employee Benefits, and this looks set to continue at a faster pace in 2012 and beyond. 

Subjects will include thoughts on the ‘Sickness Absence Review’, the very latest information on Pensions Auto-enrolment requirements, and increases to the State Pension Age.

Speaker:  Steve Herbert, Head of Benefits Strategy, Jelf Employee Benefits

 

Drinks and networking/ Optional stadium tours

 

How do I book a place?

If you (and/or an appropriate colleague) would like to attend, please emails me ( steve.herbert@jelfgroup.com )  with the following details for each delegate:

  • Full Name
  • Job Title
  • Company Name
  • Email Address
  • Phone Number (preferably direct dial)
  • Please add ‘Manchester Event’ to the subject line of your email

All bookings are subject to our usual terms and conditions that can be viewed here:

http://www.jelfgroup.com/blog/2011/03/revised-seminar-and-workshop-acceptance-terms/

I hope you can join us for what should be a really interesting and entertaining event.

Best regards

Steve

Posted by Steve Herbert at 12:14 PM in Seminars and events, Steve Herbert | | Leave a comment

Bristol Jelf Employment Seminar: Book now!

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With a continual and increasing level of change to UK employment requirements, it is certainly a good time to stage another of the acclaimed Jelf Employment Seminars.

As usual, we will be fielding our range of expert educators, speaking on important topics of true relevance to UK employers.   The full agenda includes an Employment Law update, how to tackle the UK Protection Gap and, of course, Employee Benefits (including the latest information and updates on Auto-Enrolment requirements).  The full agenda is provided below.

Our superb venue is Bristol’s newest museum:  M Shed.  Located on the historic dockside, the museum is dedicated to telling the amazing history of the city from prehistoric times to the present day.  Delegates will have free access to the museum, and exclusive use of the roof-terrace for drinks after the event concludes.

The venue is easily accessible by public transport, and there is plenty of parking space nearby. 

Seminar details:

Date:  Friday 15th June 2012

Timings:  10:00 to 12:05

Location:  The Event Suite, M Shed, Princes Wharf, Wapping Road, Bristol BS1 4RN

Suitable for:  Senior Human Resources and Finance Professionals

CPD:  The seminar will qualify for 2 hours CPD

Delegate cost:   FREE!

Refreshments, post event drinks, and museum access are all provided free of charge to delegates.

 

The Full Agenda:                                                                                    

The Protection Gap:  ‘Bridging the gap?’

Most are aware of the ‘Savings Gap’, but the less well known ‘Protection Gap’ is a much more immediate danger to many millions of UK employees and their families.

Tim will guide delegates through recent research and supporting facts on this important topic, and suggest ways that employers can help employees, and also generate a return to the business at the same time.

Speaker:  Tim Jackson, Head of Marketing Strategy, UNUM

 

Employment Law:    ’Employment Law update’

What’s new in the area of Employment Law, and what should delegates be looking for as key trends in the near future?

Topics covered will include reforms for resolving workplace disputes, charging fees for employment tribunals, changes for family friendly rights and working time regulations.

An informative and necessary session for all delegates.

Speaker:  Matt Jenkin, Partner, Morgan Cole LLP

 

Employee Benefits:   ‘2012: History in the making?’

In recent years there has been much change to the legislative framework of Employee Benefits, and this looks set to continue at a faster pace in 2012 and beyond. 

Subjects will include thoughts on the long awaited ‘Sickness Absence Review’, the very latest information on Pensions Auto-enrolment requirements, increases to the State Pension Age and other topical issues.

Speaker:  Steve Herbert, Head of Benefits Strategy, Jelf Employee Benefits

 

Drinks and networking/ Exclusive use of the roof-terrace/ Optional museum access

 

How do I book a place?

If you (and/or an appropriate colleague) would like to attend, please emails me ( steve.herbert@jelfgroup.com )  with the following details for each delegate:

  • Full Name
  • Job Title
  • Company Name
  • Email Address
  • Phone Number (preferably direct dial)
  • Please add ‘Bristol Event’ to the subject line of your email

All bookings are subject to our usual terms and conditions that can be viewed here:

http://www.jelfgroup.com/blog/2011/03/revised-seminar-and-workshop-acceptance-terms/

I hope you can join us for what should be a really interesting and entertaining event.

Best regards

Steve

Posted by Steve Herbert at 4:35 AM in Seminars and events, Steve Herbert | | Leave a comment

Income Protection – some thoughts…

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Following on from our last London seminar, I was asked by UNUM if I would undertake a short interview on the subject of Group Income Protection and Employee Benefits.

I thought some of our followers might be interested in the results which can be viewed here:

http://ask.unum.co.uk/blog/news-and-views/steve-herbert-from-jelf-employee-benefits-answers-your-questions/

One finding that is likely to be evident to all is that I really do have a ’face for the radio’.

Best regards

Steve

Posted by Steve Herbert at 7:39 AM in Articles and technical, Seminars and events, Steve Herbert | | Leave a comment

Reading Jelf Employment Seminar: Book now!

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Building on the massive popularity of our London events, the Jelf Employment Seminars are now taking to the road for the Summer!

As usual will be fielding our range of expert educators, speaking on important topics of true relevance to UK employers.  The full agenda for this event includes Employment Law, Group Pensions (including Employee Communications), Employee Benefits and Pension Auto-Enrolment duties.  The full agenda is provided below.

Our venue is the home of Reading Football Club, The Madejski Stadium.  The stadium will once again be staging Premier League football in 2012, as the club have just secured their return to the top flight as Champions of the Football League.

The event will take place in The Directors Lounge, which has spectacular views right across the pitch, and is used by the Club Chairman on match days.  Optional stadium tours will be available immediately after the event concludes.

Seminar details:

Date:  Wednesday 30th May 2012

Timings:  09:30 – 12:00

Location:  The Directors Lounge, Madejski Stadium, Reading, RG2 0FL

CPD:  The seminar will qualify for 2 hours CPD

Delegate Cost:  Free!

Refreshments and optional stadium tours are offered free of charge to delegates.

 

The Agenda:

 

Group Pensions:  A Premier View?

A brief review of some current pension issues, including The Pensions Quality Mark.

In particular, Peter will focus on how to best communicate the value of a pension and benefits package to employees.

Speaker:  Peter Matthews, Senior Corporate Consultant, Jelf Employee Benefits

 

Employment Law:  Recent Developments in Employment Law

Tim will review recent developments in Employment Law including social media and managing discrimination grievances.

Also covered will be a review of the recent judgement in the Seldon case (and what this means for employers) together with other topical updates as appropriate.

Speaker:  Tim Randles, Associate, Penningtons Solicitors LLP

 

Employee Benefits:  2012:  History in the making?

In recent years there has been much change to the legislative framework of Employee Benefits, and this looks set to continue at a faster pace in 2012 and beyond. 

Of most concern to delegates will be Pensions Auto-Enrolment, and Steve will cover this in some detail including the latest updates and announcements.  Other topics will include a review of how the changes to the State Pension Age and The Seldon Case could influence employee benefit packages.

Speaker:  Steve Herbert, Head of Benefits Strategy, Jelf Employee Benefits

 

How do I book a place?

If you (and/or an appropriate colleague) would like to attend, please emails me ( steve.herbert@jelfgroup.com )  with the following details for each delegate:

  • Full Name
  • Job Title
  • Company Name
  • Email Address
  • Phone Number (preferably direct dial)
  • Please add ‘Reading Event’ to the subject line of your email

All bookings are subject to our usual terms and conditions that can be viewed here:

http://www.jelfgroup.com/blog/2011/03/revised-seminar-and-workshop-acceptance-terms/

I hope you can join us for what should be a really interesting and entertaining event at a great venue.

Best regards

Steve

Posted by Steve Herbert at 4:50 PM in Seminars and events, Steve Herbert | | 1 Comment

A couple of articles:

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I am very conscious that my last few technical posts have all been pensions related, but I guess we should all accept that 2012 is likely to be pensions heavy.

So, with little apology, here are two more links to pension stories/ matters which our followers may find of interest.

The first follows a recent announcement by HMRC on Salary Sacrifice and Auto-Enrolment earlier this week.  This would appear to be good news for employers:

http://www.payrollworld.com/article/13885/magazine/hmrc-relaxes-salary-sacrifice-rules-prior-to-auto-enrolment

The second, is an article I was asked to write for the InspireMe website on setting up a pension scheme from scratch.  Given that Auto-Enrolment is driving many employers to consider pensions for the first time, I thought some of our followers may find this article useful as a starting point:

http://www.inspiresme.co.uk/staff-and-hr/hr/an-sme-guide-to-preparing-for-pensions-auto-enrolm/

Happy reading. 

Best regards

Steve

p.s. I promise I will write on something non-pensions next time!

Posted by Steve Herbert at 11:07 AM in Articles and technical, Jelf in the news, Steve Herbert | | Leave a comment

Seldon and DRA etc…

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Hmmmm…..

Not many business-blogs could get away with an opening like that, but the Seldon
V Clarkson Wright and Jakes
saga leaves me in that frame of mind to be
frank. And it may also raise some new issues for employee benefit provision as
well.

Some will recall that the current Government are committed to their ‘Red Tape
Challenge’.
As initiative titles go, this may be a poor one, as it sounds
rather more like an appeal from the back of a cereal packet than a legitimate
government initiative.

Yet the idea of the challenge was promising: To drive down the regulation on UK
business to increase efficiency.

It was presumably with this ideal at least partially in mind that a decision to
scrap the Default Retirement Age (DRA) was made last year. Following that
decision it was effectively no longer possible to retire someone purely based
on their age.

As would be expected, this in itself has created more than a few headaches for
some employers.

Likewise it has clouded the employee benefits landscape, as it raises questions about
what age employers should cease their benefits offering. We do have a legal
framework to respond to that question, but this does not necessarily allow for
the additional moral and business implications of such a decision.

But the abolition of the DRA was always more likely to be a saga than a
short-story, and so to the latest chapter is the Seldon case this
week.

For a brief summary of this, here is a link to one of the many articles on the
subject:

http://www.peoplemanagement.co.uk/pm/articles/2012/04/seldon-v-clarkson-wright-and-jakes.htm

So, on balance, it would now appear that the employer may well be able to justify a
compulsory retirement age in some circumstances. How tricky this is to justify,
and how successful this will be in the long term, is one for the legal
fraternity and not for myself.

What is important for this blog is to reinforce that whatever solution and policy
each employer works to, they should make sure that their employee benefit
offering is reviewed in line with that goal. That should extend not just to the
policies in place, but also the communications and employee contracts where
benefits are mentioned as well.

Only by reviewing all the above can the employer be certain/ sure that they have a
joined up policy, and this will hopefully minimise any future issues in this
increasingly tricky area.

This is sure to be a subject that I will return to many times over the coming months
and years.

In the meantime, it’s worth reflecting that, if the abolition of the DRA is
anything to go by, ‘simplification’ of the rule-book may indeed be a
significant ‘challenge’!

Best regards

Steve

 

Posted by Shaun Okeeffe at 10:24 AM in Articles and technical, Steve Herbert | | Leave a comment

Earlier Staging Dates…

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Just a quick post, on something we have covered before on the blog.

As many of you will be aware, the employer must meet all Auto-Enrolment and associated duties by (and no later than) their allocated ‘staging date’.  It is however possible to bring these dates forward to better match your business needs (for instance to pay review time, or the start of a business year).

I have just received the attached link from The Pensions Regulator on this point, and thought I should share this with our followers:

http://news.thepensionsregulator.gov.uk/pensionsregulatorlz/lz.aspx?p1=05405921S212&CC=&p=0

And for those of you that still think Auto-Enrolment is a long way off, I would like to point out that some UK employers will be undertaking Auto-Enrolment in less than three months time! 

It’s also worth highlighting that some of the new duties apply to ALL employers from this year, regardless of when your staging date actually is.  So I think we can safely say that Auto-Enrolment is now finally upon us all.

Will keep you posted.

Best regards

Steve

Posted by Steve Herbert at 10:00 AM in Articles and technical, Steve Herbert | | Leave a comment

Employee Benefits Workshop: Bookings now being taken

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As promised at our recent London events, I am running a free workshop on current Employee Benefit issues (including cost savings).

Below are full details on the Employee Benefits workshop, including details of how to book a place.  As ever, early booking is advised.

Employee Benefit Issues (including cost savings)

Workshop content:

The impact of the austerity years on Employee Benefits

Salary Sacrifice Benefits:  Pensions, Childcare Vouchers, Bikes for Work etc

Isolating cost savings

Duplication of cover

Group Life Assurance

Group Income Protection

Group Medical Cover

Cash Benefit Plans

Employee Assistance Plans

DSE Regulations

Return on Investment

Benefit Communications

Q&A Session

Other topical issues as relevant

 

Date and start time: 

Monday 30th April:  14:00

 

Venue:   

HBOS Offices,

33 Old Broad Street

London

 

Duration:  

Approx 1 hour

 

How do I book a place?

If you (and/or an appropriate colleague) would like to attend, please emails me ( steve.herbert@jelfgroup.com )  with the following details for each delegate:

  • Full Name
  • Job Title
  • Company Name
  • Email Address
  • Phone Number (preferably direct dial)
  • Please add ‘Benefits Workshop’ to the subject line of your email

All bookings are subject to our usual terms and conditions that can be viewed here:

http://www.jelfgroup.com/blog/2011/03/revised-seminar-and-workshop-acceptance-terms/

I hope you can join us for this workshop.

Best regards

Steve 

Posted by Steve Herbert at 2:31 PM in Seminars and events, Steve Herbert | | Leave a comment

London Pension Workshops: Bookings now being taken

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As promised at our recent London events, I am running some (free to attend) workshops on current employee benefit issues. 

Below are full details of the Pension Workshops, including details of how to book a place.  These workshops are very popular, so early booking is advised.

Current Pension Issues (including a detailed look at Auto-Enrolment)

Workshop content:

The latest Auto-Enrolment staging-date listing

Categorising each employee’s ‘Worker’ status

Waiting periods for Auto-Enrolment

Employer Duties under the new regulations

Earnings thresholds (an update)

Which scheme (or schemes) should an employer use?

Certified pension scheme criteria (and how to certify a pension scheme)

NEST and other new offerings

Contribution levels and staging

The Retail Distribution Review – what this means for employers

Abolition of the Default Retirement Age:  The impact on employers

Increases in the State Pension Age:  The impact on employers

Salary Sacrifice

Corporate Wraps

Q&A session

Other topical issues as relevant

Dates and start times: 

Monday 30th April:  10:30

OR

Tuesday 1st May:  10:30

 

Venue:  

HBOS Offices,

33 Old Broad Street

London

 

Duration:  

Approx 1.5 hours

 

How do I book a place?

If you (and/or an appropriate colleague) would like to attend, please emails me ( steve.herbert@jelfgroup.com )  with the following details for each delegate:

  • Full Name
  • Job Title
  • Company Name
  • Email Address
  • Phone Number (preferably direct dial)
  • Detail of which date you would like to attend
  • Please add ‘Pensions Workshop’ to the subject line of your email

All bookings are subject to our usual terms and conditions that can be viewed here:

http://www.jelfgroup.com/blog/2011/03/revised-seminar-and-workshop-acceptance-terms/

I hope you can join us for this workshop.

Details of the Employee Benefits Cost Savings Workshop will be posted separately.

Best regards

Steve

Posted by Steve Herbert at 2:30 PM in Seminars and events, Steve Herbert | | Leave a comment

High ambitions?

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The Easter break witnessed the possible commencement of another state-led initiative on the pensions front.  Many of you will have heard The Minister for Pensions, Steve Webb MP, speak on the national media about what he terms a ‘defined ambition plan’.

The background to this subject is the changing face of the UK Pension Savings market. 

For the uninitiated, a whirlwind tour of the last 20 odd years:

At the beginning of the 1990′s, if you were lucky enough to be in a company supported pension scheme, there was a good chance that it was a Defined Benefit (DB) scheme.  These schemes did exactly what it said on the packet.  For every year worked, the scheme promised a guaranteed (or defined if you prefer) level of annual pension income in retirement.

This was clearly good news for the employee, as apart from making their own contributions, all the other risks, variables, and decisions were managed on their behalf.

The problem, as so many of you have heard me say over the years, is that all the risks sat with the sponsoring employer.  And the variables in providing a defined benefit were many, and mostly way outside of the employer’s ability to influence or control.

Rampant life expectancy increases, low equity returns, poor interest rates, and some rather rushed legislation in response to the Robert Maxwell saga, all played a part in making DB schemes little more than a ‘blank cheque’ on the employer.

And no commercial organisation can allow too many blank cheques to be written, and still hope to survive.

Understandably therefore, many (in fact most) employers did the sensible thing, and retreated from DB provision.  Many did this reluctantly, and only after trying a range of solutions.  This departure from DB is now almost complete in the private sector.

Yet employer’s still wanted to support their staff with pension savings.  Many eventually opted for Defined Contribution (DC) plans.  As the name suggests, the employer knew exactly the level of contribution to be paid for each employee, each year.  This was possible as no guarantees of the resultant level of pension are inherent in DC offerings. 

So a signficant improvement for the employer.  Known costs and no hidden nasties, and generally these schemes were significantly cheaper to administer as well.  Plus the employer was still doing  more than their bit in helping the employee save for his/her retirement.

The problem was that the variables which destroyed DB provision were still present, and are now appearing in the average DC pension pot instead.  Put simply, the employee is now exposed to the risks.  As such, the individual is never certain of their likely retirement income until they actually reach retirement.

Now some of these risks can be managed and/or mitigated by careful planning, fund selection, and good advice and consultancy.  But some of the underlying factors (for instance life expectancy) remain outside of anyones control. 

And other issues have also entered the field of play.

My blog post earlier this year ( http://www.jelfgroup.com/blog/2012/01/undersaving-britain/ ) highlighted that the numbers actively saving for their retirement was dropping alarmingly.  This suggests disengagement with pension planning.  And the recent dip in the UK’s economic fortunes is unlikely to help the retirement savings picture either.

All of which makes Auto-Enrolment necessary, if only to get more people actually saving for their retirement.  What it does not solve however is the underlying problems of managing the risks associated with pension planning.

Now, before proceeding further, I would like to make it VERY clear that I am NOT saying that DC pensions (or any other pension savings for that matter) are a bad thing. 

It is clearly better for an individual to be saving for retirement, than not.

And the tax-breaks inherent in UK pensions, plus of course generous employer contributions and other benefits (again often funded by the employer) still make DC pensions a compelling benefit.

But the fact remains that DC pensions are exposed to the same outside factors that did for DB pensions.  And of the factors that I have listed earlier in this post, perhaps the most alarming is largely anecdotal.  Amongst savers, there is seemingly a level of disenchantment with pensions plans to deliver their retirement solution.  This needs to be tackled sooner rather than later if the UK is to avoid a massive financial calamity in the fairly near future.

And if you doubt this is such a problem, here are two statistics taken from the national media that are almost frightening in their simplicity:

  • It is estimated that a third of all babies now being born will live to be 100.
  • 10,000 people celebrated their 100th birthday in 2011, and in 2026 that figure rises to 500,000! 

Contrast these statistics with the plain fact that little more than a third of the working population are actively saving for their retirement, and the point is surely made.  Many more of us can now expect a rather long retirement, and unless action is taken quickly, this could be an impoverished existence.

Which leads us back to our starting point, The Minister’s proposals last weekend.

What Steve Webb is looking for is a more balanced approach to the risks, where neither employer or employee shoulders all the burdens.  To borrow from a previous prime minister, perhaps there is a third way?

I (and I would hope the industry) really welcome this initiative.  Something needs to be done, and the impetus from the top must surely help the conversation.

The Minister’s initial proposals seem to centre on providing a guaranteed level of retirement fund, but not a guaranteed level of retirement income.  This would certainly be a step in the right direction.

But for my part, I feel that the putting trust back in pension outcomes may be a more significant key.  So perhaps some level of flat-rate pension guarantee for all savers, however nominal, might be an improvement here?  Funds over and above this minimum level could still be invested to achieve additional pension income as with current DC pensions.  This would result in a sharing of the risk burden, but with a greater confidence in the success of retirement outcomes.   

Interestingly, I have floated such an idea at an industry forum in the past, only to be met with a polite silence.  I suspect that for many in the industry, such proposals fall somewhere between the two stools of ‘two difficult’ and ‘not in line with our current business plan’ .  

To be fair, if the solutions were easy, someone would be doing it already.  Yet I do believe that if the industry works together, a more robust solution to pension savings could be achieved.  

So, let’s hope this ‘kick from above’ helps motivate all the stakeholders in this crucial debate.

In the meantime, it’s always worth reiterating that its generally better to save for retirement than not, particularly if you are lucky enough to be supported by a good company pension offering.

Best regards

Steve

Posted by Steve Herbert at 10:31 AM in Articles and technical, Steve Herbert | | Leave a comment