All Article articles – Page 551
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ArticleNCR and Shire shortlisted for global benefits
NCR and Shire Pharmaceuticals are among the employers that have been shortlisted for the award ‘Best international or expatriate benefits’ at the Employee Benefits Awards 2015.For this award, the judges were looking for employers that used their global reward strategyeffectively to help drive their business goals.The full category shortlist is:African ...
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ArticleLandmark boosts staff awareness of wellbeing
Landmark Information Group has boosted employees’ overall awareness of their health and wellbeing since introducing its genetically-guided wellness programme.The organisation, which provides land and property search information, launched its DNAFit programme in October 2014 after teaming up with British nutrigenetics firm DNAFit Life Sciences to identify the best workout and ...
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ArticleAmbition hosts wellbeing week for staff
EXCLUSIVE: Ambition UK has hosted a wellbeing week for its 45 employees for the second year running.The recruitment firm provided a range of free health and wellbeing initiatives, including zumba, massages, a football match, pilates and a fitness boot camp during the week which took place from 11-15 May. This ...
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Article47% not planning to use pension freedoms
EXCLUSIVE: Almost half (47%) of UK adults are not planning to take advantage of the pension freedoms due to a lack of understanding, finance and confidence, according to research from Avacade Future Solutions.Its report, which surveyed 2,003 UK adults, also found that 37% of respondents aged over 55s who are ...
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ArticleHigh Court rules Granada has to pay directors’ pensions top up
The High Court has ruled that a pensions top-up arrangement set up to provide security for unfunded pensions promises for four ex-directors at Granada Group did not require shareholder approval to be considered viable.The case, Granada Group v Law Debenture Pension Trust Corporation, concerned a secured unfunded unapproved retirement benefit ...
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ArticleScottish government pledges to improve productivity through living wage
The Scottish government has launched a voluntary code of conduct aimed at encouraging employers to improve employee productivity and diversity through measures such as paying the national living wage.Its Scottish Business Pledge, which comprises nine components and will be launched today (26 May) is aimed at encouraging employers to commit ...
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ArticleMercer acquires executive reward firm Kepler Associates
Mercer has acquired UK-based executive remuneration specialist organisation, Kepler Associates. Kepler, which has more than 20 employees, advises around 16% of FTSE 350 remuneration committees, as well as a growing number of firms overseas.The acquisition is aimed at strengthening Mercer’s capabilities in executive reward.Kepler’s founder, Gordon Clark will become UK ...
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ArticlePeel Ports and Santander shortlisted for pensions change
Peel Ports Group and Santander are among the employers that have been shortlisted for the award ‘Best DC pensions change’ at the Employee Benefits Awards 2015.The award, sponsored by Friends Life, recognises employers that have implemented an effective change to pensions in their organisation. This can be a change in ...
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ArticleTesco introduces bonus clawback measures
Tesco has introduced new measures to allow it to claw back annual bonuses and performance share plan awards.The provisions, announced in the retailer’s Annual reports and financial statements 2015, will allow Tesco to do so in the event that its financial results are mis-stated or the participant has contributed to ...
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ArticleNational Rail strike suspended following new pay offer
The National Rail strike planned to begin on Monday 25 May has been suspended after employees accepted a revised pay offer.Staff were originally offered a £500 lump sum and three years of pay rises in line with inflation. This has now been revised.Union bosses had also raised concerns that railway ...
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ArticleFootball managers advised to eat broccoli to combat stress
Something for the weekend…Being a football manager can be a job that comes with high levels of uncertainty and work-related stress.To help combat this, the League Managers Association (LMA) has issued a 120-page survival guide to provide advice from psychologists, addiction councillors and heart experts.The guide advises managers to practice ...
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ArticleTop 10 most read stories this week
The top 10 most read stories between 14-21 May on employeebenefits.co.uk:1. DLA Piper increases maternity benefits2. The evolution of family-friendly benefits3. Facebook sets pay and benefits standards for suppliers4. How sustainable is employee motivation in a zero or low pay rise environment?5. Willis Employee Benefits partners Benefex6. Oscar Mayer improves ...
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ArticleGovernment to press ahead with pensions agenda
The government will continue to press ahead with its pensions agenda from where it last left off, and the Employee Benefits Post-Election Special briefing will help HR and benefits professionals to anticipate the forthcoming likely changes, according to expert panellist Tim Middleton, technical lead at the Pensions Management Institute. The ...
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ArticleHerbert Smith Freehills adds mental health mentors
Law firm Herbert Smith Freehills has launched a mental health mentoring programme for its 1,714 staff at its London and Belfast offices.Its mental health mentor programme will provide access to a network of more than 60 individuals who can give advice, support and mentoring on mental health issues.The mentors from ...
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ArticlePremier Foods’ DB pensions deficit falls £400 million
Premier Foods’ defined benefit (DB) pension schemes combined deficit has fallen by almost two-thirds in the 15 months to April 2015.The firm, which owns the Oxo, Mr Kipling and Bisto brands, revealed in its preliminary results that its pension deficit shortfall had dropped from £603.3 million to £211.8 million over ...
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ArticleAlmost a third receive no workplace benefits
Nearly a third (31%) of employee respondents do not receive any workplace benefits, according to research by Canada Life Group Insurance.Its survey of more than 850 employees found that this was an increase of 5% from the 26% who reported this in 2014.The research found that almost a quarter (24%) ...
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ArticleTracey Dawson: What does the future hold for dependants' pensions?
From April 2015, workers are able to access their pension savings more flexibly. Gone are the days of being railroaded into an annuity at retirement. Employees are now free to withdraw their savings as a one-off lump sum, or as a series of lump sums, and use the money for ...
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ArticleGail Khan: What does the future hold for dependants' pensions?
The change in the way that pensions are being provided now means that there is no future for dependants’ pensions.Dependants’ pensions are a legacy feature, which is more closely associated with a bygone era of pension benefits provided under final salary schemes that included generous provisions for dependants, and escalation ...
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ArticleNational Grid outsources pension fund management
National Grid is to outsource the fund management of its defined benefit (DB) pension scheme’s assets. The organisation, which runs the power network in England and Wales, took the decision to implement a new stratgegy following a review of its investment and governance model.The board of trustees of the National ...
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ArticleWillis Employee Benefits partners Benefex
Willis Employee Benefits has partnered benefits provider Benefex to create a new approach to employee benefits.The partnership will combine human capital, employee benefits brokerage and consultancy services with benefits technology and communications.Willis and Benefex will work together to create new products and services for employers. Their strategy will also have ...