All Article articles – Page 561
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ArticleMason Owen and Partners reviews benefits advisors
Mason Owen and Partners has reviewed its pensions and employee benefits advisors. The property consultancy firm undertook the review as it moved to be fully compliant ahead of its pensions auto-enrolment staging date.It appointed Portus Consulting following the review.Mason Owen and Partners will work with the firm to provide advice ...
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ArticleHymans Robertson boosts take up of cancer care
EXCLUSIVE: Hymans Robertson saw take up of its cancer screening programme reach 6% in the first year it was offered to its 750 employees.The consultancy launched the scheme in 2014 as part of its flexible benefits scheme after it identified a need to introduce a cancer-specific programme.Steve Moore, head of ...
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ArticlePizza Hut and Foot Locker fail to pay minimum wage
Pizza Hut, French Connection, Condé Nast, Foot Locker and Champneys Springs are among 48 employers that have been named by business minister Jo Swinson for failing to pay the national minimum wage to some employees.Between them, the 48 employers owe their workers more than £162,000 in arrears.Foot Locker failed to ...
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ArticleMeet the Employee Benefits Awards 2015 judges
The 13th annual Employee Benefits Awards 2015 comprise 23 categories, allowing benefits professionals to showcase, and gain recognition for, outstanding work that they have undertaken in the last year.Entries will be judged by a highly respected panel of judges, and winners will be announced at the awards ceremony and summer ...
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ArticleITV's defined benefit pension deficit decreases
ITV’s total defined benefit (DB) pension scheme deficit decreased by nearly £100 million in 2014. The media organisation’s scheme had an aggregate IAS 19 deficit of £346 million to the year ending 31 December 2014, compared to £445 million in 2013.The fall in its deficit reflected pension funding contributions in ...
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ArticleMills and Reeve to launch new benefits portal
EXCLUSIVE: Law firm Mills and Reeve is to build a dedicated employee benefits portal through which staff can access all of the organisation’s benefits in one place. The organisation, which currently has benefits information spread across its intranet, voluntary benefits and flexible benefits sites, will use new HR technology provided ...
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ArticleBenefits can be a risky business
But in doing so, benefits themselves can pose a variety of risks to an organisation. Company cars, for example, can be the cause of multiple risks to employee health and safety if appropriate controls and measures are not put in place to manage them.As long as employers are aware of ...
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ArticleBarking and Dagenham Council staff strike on pay
Barking and Dagenham Council’s bin lorry drivers are on on strike over propsed cuts to their overtime, which according to trade union, GMB, would equate to an annual pay cut worth £1,000. Members of the GMB trade union have been on strike since Wednesday 18 March over the proposed changes ...
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ArticleTotal pay rose 1.8% in year to January 2015
Total pay, including bonuses for employees in the UK increased by 1.8% between the three months ending January 2014 and the three months ending January 2015, according to research by the Office for National Statistics (ONS).This is lower than the growth rate of 2.1% between October to December 2013 and ...
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ArticleEvents manager job pays most lucrative salary
Something for the weekend…Pay and benefits are often the first thing we consider when searching for a job. And what a pleasant surprise you would get if you stumbled across a job advertisement for an events manager at an unknown digital agency firm that was published this week.The business was ...
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ArticleZara parent firm launches profit share scheme
More than 70,000 employees at Inditex, the retail group that owns brands including Zara (pictured), Pull and Bear and Massimo Dutti, while share a bonus payout of the organisation’s year-on-year profit under a new profit share scheme. The fashion retailer’s profit share scheme will award a 10% share of growth ...
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ArticleKey Budget changes to employee benefits
Chancellor George Osborne announced the last Budget before the general election on 18 March 2015.Here is a round up of all the key announcements impacting employee benefits:The personal tax allowance will be increased to £10,800 from April 2016, and to £11,000 from April 2017. The allowance, which is the amount ...
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ArticleAsons Solicitors launches staff incentive scheme
Asons Solicitors has launched an incentive scheme aimed at motivating its 306 employees.Through the scheme, the personal injury law firm awards staff certificates, which can be exchanged for high street retail vouchers. Employees can earn merit certificates for actions such as 100% attendance, good time management, hitting individual targets and ...
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ArticleVoluntary payrolling of benefits to be simplified
Budget 2015: The government is to introduce a statutory framework for voluntary payrolling and exempt certain reimbursed workplace expenses.In the Budget 2015, Chancellor George Osborne announced that from April 2016, the government will also remove the £8,500 threshold below which workers do not pay income tax on certain employee benefits ...
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06 Tax and legislation: Top story 2015 Budget changes impacting employee benefits
Chancellor George Osborne announced the Budget on 18 March 2015.Here is a round-up of all the key announcements impacting employee benefits:The personal tax allowance will be increased to £10,800 from April 2016, and to £11,000 from April 2017. It will save the average taxpayer £905 a year by 2017–18: bit.ly/1xygluv ...
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ArticlePensions lifetime allowance to reduce to £1m
Budget 2015: The government has announced that it will reduce the pensions lifetime allowance (LTA) limit to £1 million from 6 April 2016.It was also announced that from 2018, the limit will be index-linked and adjusted according to the level of inflation.The current lifetime allowance has stood at £1.25 million ...
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ArticleBudget confirms extended pension freedoms
Busget 2015: Chancellor George Osborne (pictured) has confrmed that the pension freedoms have been further extended to remove the restrictions on buying and selling existing annuities.From April 2016, pensioners with an annuity will be able to trade it in without a tax penalty. This means that approximately five million pensions ...
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ArticleTax exemption introduced for DB to DC transfer advice
Budget 2015: The government is introducing an income tax exemption for payments made for advice on transfers out of defined benefit (DB) schemes to defined contribution (DC) pension schemes.The new measure, announced as part of Chancellor George Osborne’s 2015 Budget, will apply to any employer that provides or pays for ...
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ArticleGovernment to increase tax threshold for higher-rate taxpayers
Budget 2015: The government is to increase the point at which higher-rate taxpayers must start to pay 40% tax, Chancellor George Osborne has announced.It will increase by £315 in 2016-2017, and by £600 in 2017-2018. This will take the higher-rate tax threshold to £43,300 by 2017-2018.
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ArticlePension Wise to receive extra funding
Budget 2015: The government’s guidance guarantee service Pension Wise is set to receive extra funding to help with the demands of the new pension freedom reforms. An additional £19.5 million will be pumped into the service by the Treasury in 2015/16.It is unclear if advisers will face extra costs because ...