All Article articles – Page 309
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ArticleEXCLUSIVE: Almost nine in 10 employers feel responsibility to provide financial wellbeing
EXCLUSIVE: Almost nine in 10 (88%) HR and benefit professionals have stated that it is their responsibility to provide support to employees on financial wellbeing, according to research by Smarterly.Realigning the workplace savings offering to meet the needs of millennials, which surveyed 1,248 employees and 508 HR professionals in the ...
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ArticleBNP Paribas wins Grand Prix at Employee Benefits Awards 2019
International banking organisation BNP Paribas was awarded the coveted Grand Prix title at the Employee Benefits Awards 2019.The organisation was lauded for its innovative use of technology and its future-thinking approach to benefits communications, which culminated in impressive engagement and take-up statistics.The Grand Prix is awarded to the winner of ...
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ArticleKavitha Sivasubramaniam: Identifying the right mental health support
As our Mental Health Week, in association with Benenden Health, draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.The issue of mental health has slowly been climbing its way up employers’ agendas, with an increasing ...
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ArticleWho will win at the Employee Benefits Awards 2019?
The winners of the 17th annual Employee Benefits Awards, sponsored by Aon, will be unveiled today (Friday 7 June 2019).BT, Havas Media, Goodman Masson, Lendlease, University of Lincoln, Royal Mail Group, Siemens, Sky, Three UK and Virgin Active are among the employers shortlisted for recognition at this year’s event, which ...
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ArticleSheriff’s captain loses job for using jail inmates to build workplace barbecue
Something for the weekend: With the warmer weather advancing, increasing numbers of employees are daydreaming about firing up the barbie after work. Meanwhile, employers are ever more aware of the need for breakout spaces, down time and social events to boost wellbeing and create a positive work-life balance among staff.However, ...
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ArticleConsumers’ association recommends new mothers receive a £2,000 pension bonus
Consumers’ association and charity Which? has recommended that new mothers receive a £2,000 pension bonus to help mitigate the gender pensions gap.In its Top up the pots: Achieving adequate retirement incomes with automatic enrolment report, conducted with the Pensions Policy Institute and published in June 2019, Which? proposesd that new ...
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ArticleConfessions of a benefits manager: Candid examines HR policies
I am still reeling from the shock. Big Bad Boss has called me in and said they (presumably the Higher Beings on the third floor) want me to update the intranet. What all of it? Big Bad Boss seems to think so. He waves my concerns away with the back ...
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ArticleThe top 10 most read stories: 30 May-5 June 2019
The top 10 most read stories on www.employeebenefits.co.uk between 30 May and 5 June 2019 were: JPMorgan Chase to pay $5 million settlement in parental leave caseEmployee Benefits professional of the year 2019 shortlist announcedGH London employees at Heathrow Airport awarded a 9.1% pay riseANZ launches global loyalty leave policy ...
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ArticleRolls-Royce completes pensioner buy-in transaction to insure £4.1bn pension liabilities
Engineering organisation Rolls-Royce has completed a pensioner buy-in transaction with Legal and General Assurance Society, totalling £4.1 billion.The policy insures the pension liabilities, worth around £4.1 billion, for 33,000 pensioner members of the Rolls-Royce UK Pension Fund, which has a total of 76,000 members. In addition, approximately £4.6 billion of ...
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ArticleDefined benefit pension deficit increases to £240 billion as of May 2019
The deficit for defined benefit (DB) pension schemes in the UK has increased to £240 billion as of the end of May 2019, according to research by PricewaterhouseCoopers (PWC).Its Skyval index, which is based on aggregated data from 5,450 corporate DB pension funds, and is collected through the Skyval pensions ...
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ArticleGovernment introduces recruitment and retention allowance for judges
The Ministry of Justice (MOJ) has introduced a new temporary allowance for High Court, Circuit and Upper Tribunal judges in order to improve retention and recruitment.The policy, which was announced on Wednesday 5 June 2019, will award an allowance at 25% of base salary for High Court judges, while Circuit ...
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ArticleEligible employees saved £90.4bn into workplace pension pots in 2018
Eligible employees contributing to workplace pension pots saved a total of £90.4 billion in 2018, an increase of £7 billion on the amount saved over the previous year, according to research by the Department for Work and Pensions (DWP).Its annual Workplace pension participation and savings trends of eligible employees official ...
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ArticleNell Andrew: How can employers support those affected by domestic abuse?
Domestic abuse has a devastating impact on individuals and their families. With two women every week and one man every month being killed by a partner or ex-partner, according to figures published by the Office for National Statistics in February 2018, having an active, visible workplace policy on domestic abuse ...
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ArticleJacqui Kilburn: How can employers support those affected by domestic abuse?
Domestic abuse has a dramatic impact on all aspects of a woman’s life, including on her employment. We know from our work with survivors that women have lost jobs as a result of their experience of domestic abuse or having to flee their home. We also know that financial concerns, ...
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Kavitha Sivasubramaniam: Welcome to Mental Health Week!
Welcome to Mental Health Week in association with Benenden.This dedicated week is designed to bring you exclusive insights and opinions, uncovering the latest trends and best practice in supporting mental health at work.The issue of mental health has slowly been climbing its way up employers’ agendas, with an increasing number ...
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ArticleMichelle Cronin: How can employers support those affected by domestic abuse?
In December 2018 Thompsons Solicitors pledged its commitment to the GMB union’s Work to Stop Domestic Abuse charter, signed the five-point commitment and pledged to deliver on its aims in full by Autumn 2019, in order to ensure staff across our network of 17 offices have access to support, services ...
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ArticleGovernment to consult on new flexible option for NHS pension scheme
The Department of Health and Social Care and the Cabinet Office have announced a consultation on potential changes to the National Health Service (NHS) pension scheme, with the aim of enabling senior doctors to work for longer without the fear of tax charges impacting their retirement savings.The new 50:50 pension ...
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ArticleSouthwark Council introduces paid leave for foster carers
Southwark Council has introduced a new leave policy to enable all staff who foster a child to receive an additional five days of paid annual leave in order to meet their care commitments.The new policy, launched on and immediately effective from 20 May 2019, was introduced as part of the ...
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ArticleFTSE 350 defined benefit pension deficit rises to £57 billion in May 2019
The accounting deficit for defined benefit (DB) pension schemes at the UK’s top 350 organisations increased by £5 billion between April 2019 and May 2019, rising from £52 billion to £57 billion, according to research by Mercer.The Pension risk survey, which analyses the pension deficit calculated using the approach FTSE ...
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ArticleYorkshire Building Society hires Hunt
Financial organisation Yorkshire Building Society has hired Orlagh Hunt as its new chief people officer.Hunt has 25 years of HR experience, as well as 20 years of expertise specifically in the financial services sector. In her new role, she plans to continue building the organisation's culture, to ensure the business ...