All Article articles – Page 208
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ArticleWomen have up to 45% less in their pension pots than men at retirement
A new report by Barnett Waddingham has revealed a stark gender disparity in wealth at retirement, with women having between 25% and 45% less than men in their pension pots when they retire.The research, based on an analysis of some 35,000 members in seven defined contribution (DC) schemes, found that ...
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ArticleCriteo hires first VP of global DEI
Digital advertising agency Criteo has appointed Rachel Scheel as its first senior vice president of global diversity, equity and inclusion.As well as helping to craft the company’s gender equality agreement and honour its commitment to achieving 30% of women in leadership roles at the business by 2022, Scheel will also ...
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ArticleStudy finds mindset key to financial wellbeing
Pensions and investment company Aegon has today (29 March) published research which has analysed the link between financial wellbeing and people’s mindsets.The Financial wellbeing index placed an equal weighting on money factors such as income levels, budgeting skills and affordability of debt, alongside mindset factors such as peoples’ ability to ...
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ArticleSupreme Court rules Asda staff can pursue equal pay
Supermarket retailer Asda has lost its appeal to the Supreme Court, in which it argued staff working for one area of the business could not compare themselves to others for equal pay purposes.The long-running case centres on shop floor workers - mostly women - who said they should be paid ...
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ArticleDeliveroo riders paid less than the minimum wage
A joint investigation by The Bureau of Investigative Journalism, The Mirror newspaper and ITV has revealed large numbers of Deliveroo riders are paid below the national minimum wage (NMW).Analysis by the Bureau of more than 300 riders' invoices found that a third earned less than the NMW of £8.72 for ...
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ArticlePandemic drives growth in tech industry salaries
Salaries across the technology industry leapt by 12% last year on average, outstripping average pay rises of 5%, according to a new report.The Xcede salary guide, set to launch on Monday (29 March), looks at trends in the data, digital, and technology sectors over the past year.It revealed that average ...
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ArticleEmployees embrace al-fresco working
Something for the weekend: With the clocks going forward an hour this Sunday (28 March), the promise of long balmy evenings beckons. But now it seems employees are springing into the season with a desire to be outdoors and embracing al-fresco working.A poll of 1,000 UK adults has found that ...
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ArticleMental health challenge for 70% of young employees
Younger generations want their employers to focus far more on the mental health challenge they are facing, according to new research by social purpose strategy firm Purpose Union.The study dramatically revealed the impact the Covid-19 (Coronavirus) pandemic has had on employee wellbeing, with seven in 10 (70%) of millennials and ...
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ArticleThe top 10 most-read articles between 18 March – 24 March 2021
The top 10 most-read stories on employeebenefits.co.uk between 18 March – 24 March 2021 were: Supreme Court dismisses sleep pay claimsHas the role of health cash plans changed during the pandemic?BAE Systems outlines placing mental health at the centre of wellbeing strategiesEmployee wellbeing findings a ‘wake-up call’ for actionBT gives ...
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ArticleGeneral Motors completes £53 million bulk annuity deal
The defined benefits (DB) liabilities of members of the General Motors VACPF (Vauxhall Associated Companies Pension Fund) have been insured by Aviva, it has been announced.The £53 million bulk annuity transaction means the DB liabilities of 1,392 members are now protected, removing the investment and longevity risk from the Fund.The ...
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ArticleCiti appoints new senior HR officer
Investment bank and financial services group Citi has announced it has promoted one of its most experienced HR professionals, Helen Hale, to the role of senior HR officer (EMEA).Reporting to the organisation's head of HR, Hale’s new appointment is the latest in a long line of human resources roles she ...
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Article42% of leisure workers would hide mental health issues
As many as 42% of leisure workers would not be honest with their employer about the need to take time off for a mental health issue, a national study has revealed.The Workforce state of mind survey 2021, which polled 1,140 individuals and employers across 81 organisations in the fitness and ...
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ArticleNationwide allows permanent working from home
Nationwide Building Society has announced that all of its 13,000 office staff will be allowed to work remotely – even after restrictions urging people to do so are eased.The move means it has become one of the largest employers to formally introduce permanent working from home.In a statement, the organisation ...
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ArticleVirgin Care introduces EWA incentive for staff
Photo credit: Virgin CareVirgin Care, the health and social care provider, has unveiled an Earned Wage Access (EWA) incentive for its 4,500 full-time workers.The collaboration with financial wellbeing platform Wagestream is designed to help employees deal with unexpected expenses and prevent financial strain.Under the scheme, individuals will be able to ...
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ArticleOne-fifth of managers want to quit from Covid-19 burnout
Covid-19 (Coronavirus) is not just taking its toll on frontline employees; managers are suffering burnout too, with new data showing it is forcing many to the point of wanting to quit.Research from Benenden Health has found nearly two-thirds of managers have experienced burnout during the past 12 months, with more ...
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ArticleBT gives staff £1,500 Covid-19 bonus
Telecoms company BT is to reward its staff with £1,000 in cash and a further £500 in shares as a thank-you for all their hard work during a difficult 12 months of lockdown.The awards will cost the business £110 million when it gives all 59,000 key workers the £1,000 sum ...
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ArticleRothesay secures £6m aviation pensions scheme buy-out
Rothesay and K3 Advisory, the bulk annuity and consolidator, have completed a £6 million pensions buy-out with an unnamed aviation scheme in a deal which insures the benefits of eight pensioners and 31 deferred members.The scheme had already insured the benefits for more than 20 members in 2009 through a ...
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ArticleCitigroup introduces wellbeing focused ‘Zoom-Free Fridays’
Investment bank Citigroup has introduced ‘Zoom-free Fridays’ to prevent staff suffering from burnout and to allow them to better manage their work-life balance.In a internal memo sent to its 200,000+ staff on Monday, the company's new CEO Jane Fraser wrote: “The blurring of lines between home and work and the ...
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ArticleCovid-19 causes one in five employees over 65s to delay retirement
The impact of the Covid-19 (Coronavirus) pandemic continues unabated, with research by Close Brothers today (24 February) revealing it has already forced many older workers into delaying their retirement plans.According to the study, the past year has highlighted the fragilities of many people’s finances. As a result, it found nearly ...
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ArticleEmployees embrace their year working from home
New data marking the one-year anniversary of the UK going into lockdown has revealed that, among civil servants at least, home working has been embraced.The research by pollster Opinium for SAP found that 57% of civil servants questioned said they now had a better work-life balance, while nearly half (49%) ...