All Article articles – Page 647
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Easyjet switches share plan administrators
Easyjet has changed providers for the administration of its employee share plans.The airline awarded the contract to Equiniti following a tender process.Equiniti has provided the airline’s share plan registration since 2000. But under the new contract, it will also be the sole provider for Easyjet’s share plan administration for five ...
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Network Rail appoints pension administrator
Network Rail has appointed Capita Employee Benefits to provide pension administration services for two of its three pension schemes.Capita will be responsible for administering the train operater’s trust-based defined contribution pension scheme, which has around 15,000 members, and its career average re-valued earnings (Care) pension, which has around 3,500 members. ...
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BP and Microsoft access wellbeing scheme
BP, EDF Energy and Microsoft are among the employers that have access to a new health and wellbeing programme.The Healthy for Life programme is provided by the employers’ food service and facilities management partner, Aramark.It combines food and nutrition with exercise, mental health and prevention of illness to promote health ...
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76% of women fear they will not save enough for retirement
More than three-quarters (76%) of women do not believe they will have enough money to be financially comfortable in retirement, according to research by The Pensions Advisory Service (TPAS).Its third annual TPAS Women and pensions research, which surveyed 1,000 women, also found 71% of respondents do not feel confident about ...
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Cisco cuts healthcare costs by 8.5%
EXCLUSIVE: Cisco has cut its healthcare costs by 8.5% since adding open-referral to its healthcare trust.The network equipment giant has offered its 2,800 employees a healthcare trust, provided by Bupa, for the past eight years.It introduced open-referral in April 2012 to help manage costs.The initiative is designed to help employees ...
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ArticleThe future of default funds supplement 2014
Read the digital edition of our supplement, The future of default funds 2014, in full. It includes the following articles:Simon Chinnery: The evolution of default fundsDebi O’Donovan: Employers must work with providers to deliver adequate pension outcomesAre default funds fit for purpose?What should future default fund strategies look like?Top tips ...
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Employee Benefits Awards 2014 closing to entries
If you have not entered already, this is your last chance to do so - make sure you don’t miss out.See all the information you need to enter, along with the category details and entry forms.There are more than 20 categories to enter, so there is sure to be one ...
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DC pension contributions increase little in past 10 years
Average rates of contributions into defined contribution (DC) pension schemes have changed very little over the last decade, according to research by the Association of Consulting Actuaries (ACA).The 2013 ACA Pension trends survey, which questioned 308 employers with more than 430 pension schemes, found that contribution rates are generally failing ...
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21,000 Sainsbury’s staff participate in sharesave plans
More than 21,000 Sainsbury’s employees took part in its three or five-year sharesave plans in 2013, up from the 18,000 staff who participated in 2012.The figures were published in the grocery retailer’s Third quarter corporate responsibility and society update on 8 January.Sainsbury’s has provided sharesave schemes for staff since 1981.Angie ...
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Most read articles in 2013
How to review a benefits strategyL&G launches mastertrust forumEmployee Benefits Live 2013 speaker slidesKey components of a 2013 travel policySalary sacrifice car schemes explainedMerlin Entertainments harmonises reward and benefitsTax exemption for travel season ticket loans doublesNew flat rate state pension is announcedThe Hot 100 Benefits Managers 2013Less than half of ...
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Richard Lloyd: Will the government’s proposed 0.75% pension charges cap be enough?
There is an urgent need for better minimum standards for all workplace pensions so that employees can be confident they are being enrolled into high-quality, good-value schemes. We are calling on pensions minister Steve Webb to do more to protect employees’ retirement funds, so we have launched the Hands off ...
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The Body Shop launches global HR brand
EXCLUSIVE: The Body Shop is to launch a global HR Shop after rebranding its global HR function. In 2013, the retailer’s international HR team reviewed culture, HR brand and HR products, covering 15 countries and around 8,000 employees. The rebrand is aimed at aligning its culture, HR brand and HR ...
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Nortel Networks agrees £23m payment into UK pension
Defunct telecoms organisation Nortel Networks has reached an agreement to pay $37.5 million (£23 million) into its UK pension scheme to settle claims against relevant Nortel parties in the United States.Papers were filed on 17 December in the United States Bankruptcy Court providing details of a conditional agreement between the ...
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Southeastern matches employees' charity fundraising
A team of employees from railway organisation Southeastern has raised nearly £11,000 for charity.The Group Walking Challenge included 14 employees who walked 50 miles and passed through 28 stations along the way. The group travelled from Denmark Hill to Sevenoaks and back to Bromley South.They raised more than £5,400 for ...
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UK teachers stressed over pay and pensions
More than three-quarters (77%) of UK teachers said their workplace stress levels have increased over the past 12 months, according to research carried out by independent polling organisation ComRes.Its research, which looked into teachers’ levels of job satisfaction and wellbeing, found that respondents’ biggest concern regarding their job is their ...
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Most expatriates satisfied with benefits provision
Expatriate employees are satisfied with the benefits provided by their multinational employers, according to research by Cigna and the National Foreign Trade Council (NFTC).Its Expatriate trends study 2013, which surveyed 1,511 expatriates in 140 countries, found that 80% of respondents received general relocation services, 63% received settling-in services and 65% ...
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Global mobility managers to gather in New York for Totally Expat Show
It will be the venue for the most influential global mobility professionals, providers, consultants and industry experts from the north-eastern US to network, discuss and discover new opportunities in the constantly evolving world of expatriate management.From sharing best practice to being updated by leading experts in the field, or meeting ...
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Employee benefits for Father Christmas and his staff
Something for the weekend…Christmas time is the busiest period of the year for Father Christmas and his little helpers, but what if there were employee benefits in place to help them gear up for the festive season?The busy elves could have access to an employee assistance programme to help reduce ...
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Top 10 most read stories this week
The top 10 most read articles on employeebenefits.co.uk from 12-19 December:1. Government to raise auto-enrolment threshold2. Court rules on disability and work-related stress3. KPMG increases bonus pool to £73 million4. 39% planning pay rises below retail prices index5. Winter driving tips to keep employees safe6. IBM launches online pension reports7. ...
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Ikea to make one-off €100m pension contribution for performance
Ikea Group is to pay €100 million (£83.6 million) in pension contributions in the first year of its new reward programme.The programme, Tack!, which is Swedish for thank you, aims to reward employees who have been with the home furnishing retailer for more than five years with an employer contribution ...