All news – Page 105
-
Article
Towers Watson research: Value of enhanced annuity sales rises
The value of enhanced annuity sales in the UK rose to £2.47 billion last year, an increase of 38% on 2009, according to research by† Towers Watson.Sales of enhanced annuities in the second half of 2010 were £1.21 billion, down 4% on the first half of the year.According to the ...
-
Article
Cycle to Work Alliance research: Bikes-for-work schemes improve employee engagement
The majority (89%) of employers believe bikes for work is an important tool for improving employee engagement and 98% of employees said they would encourage their colleagues to take part in the scheme.The Cycle to Work Alliance’s Behavioural Impact Analysis, which had over 44,500 respondents, examined the benefits of the ...
-
Article
SEI research: Meeting funding goals is top pensions priority in 2011
Formulating a plan for meeting funding goals (75%) and making a scheme design change (73%) are the top two priorities this year for executives overseeing pension schemes for their organisation.According to a poll by SEI on the Top Pension Priorities for Pension Scheme Sponsors in 2011, a further 70% said ...
-
Article
Clear Path Analysis research: Interest in bulk annuity transactions growing
UK pension schemes have seen a growth in willingness to enter into a bulk annuity type transaction, according to research from Clear Path Analysis.The research for Clear Path Analysis’ upcoming annual report, Pensions de-risking: longevity hedging and buying out, found that 31% of UK based pension schemes claim preparing for ...
-
Article
Canada Life research: Staff unaware of financial support when sick
Employees are unaware of the level of financial support they may be entitled to if they were unable to work due to sickness, according to research by Canada Life Group.The research found that one in five (19%) employees did not know how long their employer would continue to pay their ...
-
Article
Hay Group research: No link between pay equality and performance
There is no consistent correlation between pay equality and company performance, according to new research from Hay Group.Getting the balance right: the ratio of CEO to average employee pay and what it means for company performance looked at nine different sectors including energy, technology, financial, communications, utilities and consumer.The research ...
-
Article
PWC research: Asset management compensation rises
Compensation in asset management firms has risen as fund performance shows signs of improvement, according to research from PricewaterhouseCoopers (PWC).PwC’s annual asset management report found compensation costs as a percentage of net revenues have increased by over 4% over the last financial year.Annual bonus spend as a percentage of pre-bonus ...
-
Article
Workplace Giving UK research: Payroll giving should be opt out rather than opt in
Approximately two-thirds (68%) of employees would prefer payroll giving to be an opt-out rather than an opt-in benefit.According to a poll of more than 1,000 employees by Workplace Giving UK, a further 64% said they would want to have a say in which charity the deducted monies went to.Peter O’Hara, ...
-
Article
Employee Benefits/Cigna Workplace Absence Research 2011
Download a PDF of the Employee Benefits/Cigna Workplace Absence Research 2011.How employers manage workplace absence strategiesNearly all respondents (98%) record absence in their organisations, and the most popular ways of doing so are through an online HR or payroll self-service system - as used by 35% of respondents. A further ...
-
Article
Hay Group research: Pay increases will be higher in 2011
Private sector pay increases in 2011 will be higher than in 2010, at a median 2.5%, while public sector employees will see a rise of only 0.4%, according to Hay Group’s Reward in 2011 report.The majority (82%) of private sector organisations indicated they would increase salaries in 2011. Less than ...
-
Article
Grant Thornton staff chose Cancer Research UK as official charity
Grant Thornton staff have chosen Cancer Research UK as the firm’s official charity. The charity was voted in as the chosen beneficiary until summer 2012, with staff pledging to raise £125,000 during the period.Offices across the UK were filled with employees supporting the charity by wearing red and donating to ...
-
Article
Morgan McKinley research: Half of Irish employers expect to pay bonuses
Half of the respondents (50.5%) of the Morgan McKinley Irish Employment Monitor expect to pay bonuses at the end of 2010.Those anticipating bonuses expect them to be quite modest, with 45% of managers expecting them to fall in the range of 1- 5% of base salaries, while 38% of respondents ...
-
Article
NAPF research: Employers should be able to choose inflation measure
Almost half (48%) of NAPF members which run a defined benefit (DB) pension scheme would use a new legal power to switch from inflation indexation from the retail prices index (RPI) to consumer prices index (CPI).A further 21% said they would not and 31% said they did not know, according ...
-
Article
Reward First People Consulting launches mentoring programme for reward professionals
Reward First People Consulting has launched a programme to provide reward decision makers with one-to-one mentoring programme for reward decision makers to help them address the challenges associated with restricted budgets.The structured programme, Reward First, enables HR professionals, faced with calls for greater accountability around pay and bonuses, to improve ...
-
Article
The Pensions Regulator in legal challenge with administrators
The administrators for Nortel Networks and Lehman Brothers have launched a legal case to challenge the Pensions Regulator’s ability to impose an order that requires them to provide financial support for underfunded pension schemes.The regulator has issued a Financial Support Direction (FSD) against the two companies on the grounds their ...
-
Article
Interview with Leisa Docherty, head of people services and reward at Sage
Leisa Docherty, head of people services and reward at software company Sage, is focused on the essential role reward plays in attracting and retaining talented employeesComing up with fresh and creative ways of rewarding staff without breaking the bank is the biggest challenge facing compensation and benefits professionals, says Leisa ...
-
Article
The Work Foundation research: Align employees' priorities with benefits
A deeper understanding of individual employee's priorities and needs may afford employers a degree of scope to change formal employee benefits arrangements as long as these do not alter the core component of the employment deal.Understanding the Deal, the fourth report in the Future of HR series by The Work ...
-
Article
PensionsFirst research: DB deficits set to increase
Defined benefit (DB) pension deficits of the top 100 UK companies are set to increase by more than £25 billion within one month.According to PensionsFirst's PF Risk Report, over a year this could result in an increase of around £100 billion in the total deficit, bringing the current deficit of ...
-
Article
Robertson Cooper research: Personal resilience is key to wellbeing
Personal resilience is key to wellbeing according to research from business psychology firm Robertson Cooper.The i-resilience online survey of the working population found that the majority of respondents (81%) are confident that they can recover well when things go wrong, however only less than half (48%) believe they flourish when ...
-
Article
Friends Provident research: Employees expect to work longer
Employees expect to work beyond the new default retirement age of 66 with 40% planning to work past the age of 70 according to research conducted by Friends Provident.Out of the 1,200 people that look part in the report Visions of Britain 2020: Ageing and retirement, 32% do not have ...