All Article articles – Page 657
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HMRC wins £300k bonus tax avoidance case
HM Revenue and Customs (HMRC) has won a case that would have avoided nearly £160,000 in tax and national insurance (NI) contributions on an employee’s bonus.The owner of a Cirencester-based pharmacy, LM Ferro, had received advice on how to extract value from the organisation in a tax-efficient manner.Tax advisory firm ...
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USS acquires stake in NATS
The Universities Superannuation Scheme (USS) is to acquire a 49.9% non-controlling stake in The Airline Group, which is a 41.9% shareholder in National Air Traffic Services (NATS).The transaction was arranged by USS Investment Management (USSIM), a wholly-owned subsidiary of the university pension fund and its principal investment manager and advisor, ...
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Vebnet partners Nuffield Health to offer access to private GPs
Vebnet has partnered Nuffield Health to allow its employer clients to offer their employees access to the healthcare provider’s private GP service.The partnership, which is exclusive to Vebnet until 1 May 2014, includes:A 15-minute consultation within 24 hours of the initial request.Private referrals to consultants and specialists, either through private ...
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Employers experience difficulties with RTI reporting
In September, HMRC published the findings of analysis into disputed pay-as-you-earn (PAYE) charges associated with RTI reporting.More than 44 million individual PAYE records are being reported using RTI, which represents more than 90% of all employment. Under RTI, employers have to send details to HMRC every time they pay an ...
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Norton Rose Fulbright hosts wellbeing event
EXCLUSIVE: Norton Rose Fulbright has hosted a wellbeing event as the first phase of a holistic health and wellbeing strategy.The event, which was held on 7 and 8 November to coincide with National Stress Awareness Day on 6 November, included a healthcare benefits fair and a range of seminars for ...
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Southco Manufacturing launches portal
Southco Manufacturing has launched an online benefits portal, which comprises the employer’s voluntary benefits package and a new environmental benefit.The online portal, My Southco Benefits, which is provided by BHSF, includes access to the engineering firm’s employee assistance programme, virtual doctor service, discounts scheme and the new environmental benefit, Green ...
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Government publishes update on employee ownership
The Department for Business, Innovation and Skills has published an update on employee ownership, one year after the government’s response to The Nuttall review on employee ownership.The update, The Nuttall review of employee ownership: one year on report, said that progress has been made against all 28 of the review’s ...
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NAPF publishes guidance on remuneration policies
The National Association of Pension Funds (NAPF) has published its latest Corporate governance policy and voting guidelines.The guidance includes:New remuneration principles against which investors can judge an organisation’s pay policy and its appropriateness for that organisation.More robust expectations for corporate accountability.Greater emphasis on corporate reporting of extra-financial factors, including risks ...
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Bupa launches mental health product
Bupa has launched a product to help employers identify the early signs of mental illness among employees.The product, Healthy Minds, provides early intervention through employee engagement, online self-help programmes and round-the-clock support for employees with mild to moderate psychological disorders, such as stress, anxiety and depression.Employees can also self refer ...
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Paper published on global tax and social security
HR data and systems provider, ECA International, has published a free paper on tax and social security liabilities for both employers and employees around the world.The paper, Global perspectives – tax and social security, looks at developments in government policy across the globe in 2013 through guides and associated commentaries.The ...
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James Dunningham: Which wellbeing initiative has the biggest impact on the workforce?
However, we find that the initiative that has the biggest impact on workplace wellbeing is the training that line managers receive. The quality of line managers or supervisors and the training they receive will have a bigger long-term impact on the workforce, more so than just an exercise session here ...
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Gain recognition for pensions achievements
The award for ‘Best pensions auto-enrolment strategy’ will recognise employers that maximised the opportunities offered by the need to comply with auto-enrolment.Meanwhile, employers that have made a concerted effort to offer an effective default investment strategy for their defined contribution pension scheme could enter the award for ‘Best DC pensions ...
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Pg 16-17 Interactive – The month in numbers
0.75% – Cap the government has proposed on pension charges for default funds (see Update on workplace pension charges)£200 – The amount NCFE employees receive each year to spend on their own personal development and training (see NCFE focuses on flexibility in benefits package)25,000 – The number of employers that ...
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BT Group expands global pay review process
BT Group has expanded the reach of its global pay review process to include 38,000 employees across 60 countries using software from Talentia. The telecommunications organisation had previously only used the software provider’s web-based package to support and manage the process for management.Stakeholders and managers can now oversee the process ...
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Hymans Robertson on Employee Benefits win high
Steve Moore (pictured), HR manager at Hymans Robertson, explains what it means to be recognised with two Employee Benefits awards.The organisation won ‘Best flexible benefits plan – smaller employer’ and ‘Best workplace savings benefits’ at the Employee Benefits Awards 2013.What has winning an Employee Benefits award meant to you?This is ...
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Britvic recognised for employee engagement
Britvic Soft Drinks has been recognised for its employee engagement excellence with the Good Employer Award at the Food and Drink Federation (FDF) Awards.The awards celebrate organisations across the food and drink industry that make an extra effort to create a positive working environment for employees.Britvic was recognised for its ...
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Employers must promote better staff healthcare
The majority (96%) of respondents believe it is appropriate for employers to promote better health to their staff, according to research by Jelf Employee Benefits.Its research found that 93% believe that positive health interventions can influence individual and organisational performance.It also found that 62% of respondents do not believe current ...
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Buck Consultants and Wragge & Co launch auto-enrolment initiative
Buck Consultants and Wragge and Co have launched a joint initiative to help small and medium-sized enterprises (SMEs) fulfill their auto-enrolment obligations.The initiative includes:A free online questionnaire designed to capture key information.A face-to-face consultation with pensions and legal experts who will review questionnaire responses and guide organisations through a comprehensive ...
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Pg 13 – Events – The Employee Benefits Awards 2014 categories
Best staff travel policyBest healthcare and wellbeing benefits – small employerBest healthcare and wellbeing benefits – large employerBest stress managementBest pensions auto-enrolment strategyBest pensions communicationsBest DC pension default investmentsBest financial education strategyMost motivational benefitsBest flexible benefits planBest voluntary benefitsBest employee share schemesBest international or expatriate benefitsBest benefits communications – small ...
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City and Guilds hosts wellbeing day for staff
EXCLUSIVE: City and Guilds has hosted a day of massages and manicures for staff.The organisation, which provides vocational qualifications, invited students from the London School of Beauty Therapy to come into the office to provide the services to its employees.Chris Coyne, head of reward and HR services at City and ...