All Article articles – Page 515
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ArticleSteve Webb begins Royal London role
Former pensions minister Steve Webb has taken up his position as director of policy and external communications at Royal London. The appointment was first announced in August 2015.Webb was pensions minister between May 2010 and May 2015, and a member of parliament since 1997.
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ArticleKPMG partner remuneration decreases by 13%
Average remuneration for partners at professional services firm KPMG fell by 13% from £715,000 in 2014 to £623,000 in 2015, according to its UK annual report 2015.KPMG UK currently employs 617 partners and 11,652 members of staff, an increase of almost 3% compared to 2014.Its chairman’s pay for the year, ...
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ArticleEAP cases dealing with employee anxiety increase by 74%
The number of employee anxiety cases dealt with through employee assistance programmes (EAPs) increased by 74% between 2012 and 2014, according to data from Workplace Options.Its research, which surveyed EAP data from over 100,000 employees in Asia, Europe, Africa, North America, and South America, also found that the number of ...
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Article71% believe CEO pay is too high
Almost three-quarters (71%) of respondents believe that chief executive officer (CEO) pay in the UK is too high or far too high, according to research by the Chartered Institute of Personnel and Development (CIPD).Its study, The view from below: What employees really think about their CEO’s pay packet, which surveyed ...
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ArticleEmployee Benefits Connect puts the spotlight on the future of reward
Employee Benefits Connect 2016 will offer delegates the opportunity to stay ahead of the game by hearing the latest thinking about the future of reward.The annual event, held on 9 March 2016 at the Lancaster London, provides reward and benefits professionals with valuable opportunities to share ideas and knowledge with ...
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ArticleUK Fast offices boast a bar, DJs and giant chessboard
Something for the weekend…UK Fast offers some rather unusual benefits.The digital cloud organisation has kitted out its offices with a giant chessboard, bar and recording studio where its 255 staff can have a break and create music.Its office space also boasts a den where employees can have naps for half ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk from 10-17 December 2015 What is driving employers’ flexible benefits strategies?EDF Energy consults on opening defined benefit pension scheme to new membersCouncil employees receive two-year pay rise offerGovernment confirms secondary annuity market will not extend to workplace pensionsCapita to acquire Work Group’s ...
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ArticleCancer Research UK outsources company cars
Charity Cancer Research UK has outsourced its company cars to control costs, introduce fleet best practice and reduce administration.The organisation has outsourced the management of its 180 cars to provider Fleet Hire in order to run its scheme more efficiently.The charity operates a contract hire scheme, with a single badge ...
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ArticleTotal pay increases by 2.4%
Total pay, including bonuses, for employees in Great Britain increased by 2.4% between August and October 2015, according to the latest figures from the Office for National Statistics (ONS).Its Labour market statistics, December 2015 also found that pay excluding bonuses increased by 2% between August and October.In real terms, for ...
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Article57% have experienced a mental health issue
More than half (57%) of employees have experienced a mental health problem while in employment, according to research by Canada Life Group Insurance.Its research, based on responses from 1,000 workers, also found that 51% of those who have suffered from mental health issues have taken time off from work because ...
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ArticleEXCLUSIVE: DB Schenker holds eyecare awareness week for staff
EXCLUSIVE: Logistics firm DB Schenker hosted an eyecare and road safety awareness week for its UK staff.The event, which coincided with Road Safety Week on 23-29 November 2015, is in line with the organisation's commitment to supporting its employees' health and wellbeing while ensuring it meets its corporate and social ...
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ArticleGovernment to maintain auto-enrolment earnings trigger for pensions
The government is to maintain the current auto-enrolment earnings trigger for workplace pensions into 2016-2017.The trigger, which determines which employees are eligible to be automatically enrolled into a workplace pension, will remain at £10,000.The Department for Work and Pensions’ (DWP) Review of the earnings trigger and qualifying earnings band for ...
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ArticleEmployee Benefits Awards entry deadline extended
The Employee Benefits Awards 2016 entry deadline has been extended to 29 January 2016.The annual Employee Benefits Awards provide employers with an opportunity to gain recognition for their benefits achievements. There are 23 categories to enter, ranging from pensions and healthcare to voluntary and motivational benefits, and everything in between, ...
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ArticleGovernment confirms secondary annuity market will not extend to workplace pensions
The government has confirmed that the secondary annuity market will not extend to defined benefit (DB) workplace pension schemes.From 6 April 2017, the government will remove tax restrictions for individuals looking to sell their annuity. This will enable those with an existing annuity, as well as anyone who purchases an ...
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ArticleNational Grid extends living wage commitment to apprentices and interns
National Grid has extended its living wage commitment by paying the voluntary rate to its apprentices, interns and graduates.The gas and electricity utility organisation received its living wage accreditation in September after it committed to paying all employees and third-party contractors the Living Wage Foundation’s recommended rate.The voluntary rate, which ...
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Article20% save more into pension as a result of pension freedoms
A fifth (20%) of respondents are saving more into their pension as a direct result of the pension freedoms, according to research by Aegon.Its fourth annual UK readiness report, which surveyed 3985 adults, also found that just 8% of respondents are currently on track for the retirement income they aspire ...
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ArticleEDF Energy consults on opening defined benefit pension scheme to new members
New employees at EDF Energy would be given access to its defined benefit (DB) pension scheme through a proposed deal negotiated with trade unions.The deal has received the backing of EDF Energy staff that are members of trade union Unison; 79% of members balloted voted on the pension proposal and ...
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Article42% believe pensions will become a less important part of benefits
Some 42% of respondents believe that pensions will form a less significant part of benefits in the future, according to research by Aon Hewitt.Its Pensions administration survey 2015, which is based on 243 responses from pension professionals, also found that just over half (53%) of respondents view their defined benefit ...
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Article10.2m were active members of a workplace pension scheme in 2014
There were 10.2 million active members in workplace pension schemes in the UK in 2014, according to research by the Office for National Statistics (ONS).Its statistical bulletin Active members of occupational pensions, 2014, also found that the number of active members in workplace pension schemes in the private sector increased ...
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ArticleCapita to acquire Work Group's consultancy and resourcing operations
Capita is to acquire the resourcing and consultancy operations of Work Group through a trade and assets deal.Work Group’s resourcing and consultancy operations provide employer branding and marketing, including employee engagement consulting and internal communications.The deal, which follows Capita's recent acquisition of ThirtyThree, aims to bolster the offering of the ...