Employee Benefits in the UK, New Report Launched

The UK has one of the most comprehensive and well-established welfare systems in the world. It is predominantly controlled by the social security system, which provides citizens with various benefits, as well as foreign nationals who reside in the UK. Welfare benefits in the country are disbursed under various schemes such as cash benefits, healthcare, education, housing and personal social services. Cash benefits are widely used, and are among the most popular social security schemes in the UK. These benefits are classified into three subgroups, namely national insurance, means-tested and non-contributory benefits.

The report provides in-depth industry analysis, information and insights into employee benefits in the UK, including:

• An overview of state and compulsory benefits in the UK
• Detailed information about private benefits in the UK
• Insights into the various central institutions responsible for the administration of the different branches of social security
• The regulatory framework and recent regulations relating to UK employee benefits

Scope

This report provides a detailed analysis of employee benefits in the UK:

• It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
• It covers an exhaustive list of employee benefits, including retirement benefits, death in service benefits, long-term disability benefits, short-term sickness benefits, medical benefits, workmen’s compensation, maternity and paternity benefits, family benefits, minimum resources, unemployment benefits and private benefits
• It highlights the economic and regulatory situations relating to employee benefits in the UK

Reasons to Buy

• Make strategic decisions using in-depth information related to the UK employee benefits
• Assess the UK employee benefits market, including state and compulsory benefits and private benefits
• Gain insights into the key employee benefit schemes offered by private employers in the UK
• Gain insights into key regulations governing the UK employee benefits, and their impact on companies

Key Highlights

• The UK has one of the most comprehensive and well-established welfare systems in the world. It is predominantly controlled by the social security system
• The Department for Work and Pensions (DWP) is responsible for the functioning of the overall social security system, including pensions and child maintenance in the UK
• Most private benefit plans in the UK are voluntary in nature (excluding work injury, maternity benefit and redundancy pay)
• The UK's GDP at constant prices increased from US$2.3 trillion in 2009 to US$2.4 trillion in 2013, at a CAGR of 1.2%

Spanning over 71 pages, 12 Tables and 14 Figures “Employee Benefits in the UK” report covering Executive Summary, Introduction, Country Statistics, Overview of Employee Benefits in the UK, Regulations, State and Compulsory Benefits, Private Benefits, Macroeconomic Indicators, Appendix.

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