Corporate Adviser
  • Content Hubs
  • Magazine
  • Alerts
  • Events
  • Video
    • Master Trust Conference 2024 videos
  • Research & Guides
  • About
  • Contact
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG
No Result
View All Result
Corporate Adviser
No Result
View All Result

McKenzie calls for wellbeing to feature on balance sheets

by admin
June 1, 2008
Share on FacebookShare on TwitterShare on LinkedInShare on Pinterest

Responding to industry calls that frequency of absence and the extent of long-term absence should feature within audited results, McKenzie told a conference in May that businesses already had “ample scope” to report on this issue.

McKenzie was speaking at a conference last month to launch this year’s Confederation of British Industry/Axa absence survey. The survey found that days lost to absence fell slightly last year, with employees taking an average of 6.7 days off each, compared with the seven days reported last year, at a cost to the economy of around and#163;20bn.

McKenzie said measuring the business benefit of investment in health and wellbeing needed to become “a central feature of discussion within boardrooms”.

Asked whether this meant the government was planning to make it mandatory for companies to report on such key indices, McKenzie argued that the mechanisms were already there.

“There is the facility for businesses to review this as part of their annual report, there is ample scope for companies to report on this issue. We need to encourage a change in attitude and philosophy right across the board,” he said.

McKenzie also revealed that the Department for Work and Pensions has been talking to the Treasury about the taxation of benefits such as health insurance and gym membership as a benefit in kind.

Stressing the complexity of the subject, McKenzie said: “On the issue about rehabilitation costs being treated as taxable benefits, I am keen to see if we can unlock something.”

The government had already been looking into the feasibility of piloting the Fit for Work service recommended by national director for health and work Dame Carol Black in her Working for a Healthier Tomorrow report earlier this year, despite not being expected to make a formal response until the summer, he added.

Corporate Adviser Special Report

REQUEST YOUR COPY

Most Popular

  • Death-in-service benefits excluded from IHT grab

  • Aviva launches ‘flex first, fix later’ retirement option for master trust savers

  • Baroness Drake leads revived Pensions Commission re-examining AE levels and SPA

  • Laura Mason: This is the moment for targeted pension support

  • Industry welcomes revived Pension Commission

  • Stancombe to lead retirement platform business

Corporate Adviser

© 2017-2024 Definite Article Media Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Privacy policy
  • T&Cs
  • Contact

Follow Us

X
No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.