All Article articles – Page 573
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ArticleAsons Solicitors introduces flu vaccinations for staff
Law firm Asons Solicitors has introduced workplace flu vaccinations for all staff. They were one of a range of new benefits and engagement tools introduced to the Greater Manchester-based organisation’s workforce, based on suggestions from its Think big idea-generating programme and charity and creative committees. These include: A ‘Monday Motivation’ ...
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ArticleFTSE 100 DB pension deficit declines
The total deficit in FTSE 100 pension scheme has declined by £14 billion to £66 billion in the last year, while liabilities have increased by £44 billion to £591 billion, according to research by JLT Employee Benefits (JLT).The research also found that the number of FTSE 100 organisations that incur ...
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ArticleJohn Lewis Partnership faces £12m holiday pay cost
John Lewis Partnership faces a £12 million annual cost for additional holiday pay as a result of efforts to comply with an Employment Appeal Tribunal ruling on 4 November 2014 that changed the way that UK legislation is applied in relation to holiday pay.The sum includes pension, bonus and national ...
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ArticleGoldman Sachs paid bankers £245,500 in 2014
Goldman Sachs paid its bankers an average of $373,265 (£245,500) in 2014. The bank set aside $12.69 billion (£8.35 billion) to pay 34,000 employees’ compensation and benefits packages, which include salaries, discretionary compensation, equity awards and benefits.This amount was lower than the sum paid in 2012 but higher than that ...
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ArticleHigh Court ruling protects bankrupts' pensions
A bankrupt has retained his pension after a High Court judge held that he should not be compelled to hand it over under an Income Payments Order (IPO).The case of Horton v Henry could mean that bankrupts’ pensions are protected after the freedom and choice reforms that come into force ...
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ArticlePenguin Random House boosts flex perks
EXCLUSIVE: Penguin Random House is to introduce a number of new flexible benefits during its next annual enrolment window to boost its current offering for employees. The publisher will introduce salary sacrifice home technology purchasing for tablets and mobile phones, a will writing service, skin screening clinics and a financial ...
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ArticleOne in three middle-aged employees feel constantly stressed
One in three middle-aged employees feel constantly stressed and take more sick leave than any other age group, according to research by insurer Axa PPP Healthcare. Its research of more than 2,000 people found that 38% of employees aged 30 to 49 feel stressed all or most of the time.The ...
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ArticleThe desk staff can use in bed
Something for the weekend…Getting out of bed in the morning for work can be challenging at the best of times, but particularly on these dark, chilly winter mornings. Have you ever wished you could work not only from home, but also from the warmth of your own cosy bed?Thanks to ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on employeebenefits.co.uk from 8-15 January 2015:1. Tesco closes DB pension and introduces new flex package2. TalkTalk implements total reward statements3. Pensions minister sets out pot follows member change4. Employers offer flexible working to support ageing workforce5. ABP Food Group cuts costs by revamping HR ...
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Article
Women and pensions — is there a gender gap?
This article has been supplied by our channel sponsor, Pension Quality Mark.Recent research by My Pension Expert has found that, on average, women’s pension pots are 27% smaller than the male equivalent. Women also own only 17% of all funds — some women have no pension pots at all because ...
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Article
New freedoms — new responsibilities
This article has been supplied by our channel sponsor, Pension Quality Mark.The biggest pensions shake-up for many years takes effect from 6 April 2015, when millions of people will be able to access their retirement savings more flexibly once they have reached the age of 55.They will be able to ...
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ArticleH&M, Welcome Break and Kings Group fail to pay minimum wage
H&M, Kings Group and Welcome Break are among 37 employers that failed to pay some employees the national minimum wage, according to business minister Jo Swinson.Between them, the 37 named employers owe their workers over £177,000 in arrears and have been charged financial penalties totaling over £51,000.The government has already ...
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ArticleTowers Watson expands into Asia Pacific
Benefits consultancy Towers Watson has expanded its employee benefits brokers business into Korea and India.Its launch in India follows its acquisition of a stake in Metis Insurance, which will now be known as Towers Watson Insurance Brokers India.Its services in Korea will be known Towers Watson Insurance Brokers Korea. The ...
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ArticleFriends Life launches workplace cancer benefit
Friends Life has launched an employer-funded cancer-specific insurance policy.The insurer is making the group risk product available to employers looking to insure 100 or more employees.The benefit will be pay a fixed lump-sum benefit of £25,000 to any employee who is diagnosed with a cancer covered by the plan.It is ...
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ArticleTop 15 most visited stories on the web
1. DWP publishes Fit for Work guidance 2. European court rules obesity is a disability 3. The scariest commute in the world 4. Government acts to reduce holiday pay claim costs 5. Google wins best employer award 6. Is total reward dead? 7. City Link staff face non-payment of December ...
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ArticleSteve Webb to open Employee Benefits Connect 2015
Steve Webb MP, minister of state for pensions, will open Employee Benefits Connect 2015.Webb (pictured) will deliver the opening keynote at this year’s event, which takes place on 4 March 2015 at the Lancaster London.In his keynote address, Webb will cover pension flexibilities, progress on the Pension Schemes Bill and ...
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ArticleBus drivers strike over alleged pay disparity
Bus drivers in London are on strike for 24 hours as part of a campaign to end pay disparities, and for better working conditions. Members of the Unite union, which represents more than 27,000 employees at 18 bus companies, are striking over an alleged refusal by operators to address pay ...
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ArticleBirmingham Children’s Hospital offers staff weight loss classes
Birmingham Children’s Hospital will offer all 3,500 members of its staff access to free fitness classes and a slimming club to highlight national obesity awareness week (starting 12 January).Between 10 and 15 members of staff are expected to attend each session in the programme, which will continue until the end ...
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ArticleEmployers yet to consider State pensions change impact
More than half (57%) of employers with defined benefit (DB) pensions have yet to consider, or determine how to address, the increase in payroll costs resulting from changes in the way State benefits integrate with DB pension plans, according to research by Mercer.This compares with 70% of respondents with defined ...
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ArticleEllen Broome: Is shared parental leave a good thing?
The reforms are a very welcome development. It is truly encouraging to see the government acknowledging the importance of supporting parents to make genuinely free choices about their work and family lives.By removing one of the key barriers to fathers playing a full and equal part in family life, the ...