All Article articles – Page 659
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Lloyds Banking Group consults on DB pension changes
Lloyds Banking Group is consulting with employees in its defined benefit (DB) pension schemes about a proposed cap on pensionable pay.The proposals, which would impact 35,000 DB pension members, would mean that these employees will be paid a pension calculated using their current salary rather than adjusting the pension in ...
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ABI updates guidelines on executive remuneration
The Associate of British Insurers (ABI) has published the annual update of its guidelines on designing and operating executive director remuneration.The 2013 version of its Principles of remuneration are intended to apply for 2014 annual general meetings and annual reports.The updated version includes:Performance adjustment/malus and clawback: The update provides a ...
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Prostate Cancer UK staff take part in Movember
Prostate Cancer UK employees are growing moustaches in November to support the Movember campaign.The annual campaign, which primarily benefits prostate cancer research, is a month when men sport a moustache to raise awareness around men’s health issues.The charity’s male employees have been strongly encouraged to grow a moustache and have ...
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Aon Hewitt launches auto-enrolment product
Aon Hewitt has launched its auto-enrolment product, A to Z.It selected insurer Zurich as the pensions provider for A to Z.The product, which has been developed for organisations that are implementing auto-enrolment in 2014, has a flat annual management charge of 0.5% for all members if they use Zurich’s default ...
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Workforce Metrics launches HR compliance product
Workforce Metrics has launched a web-based HR product, which is designed to help HR departments better comply with government legislation.The product, ER Tracker, aims to increase visibility and compliance, while also improving diversity, fairness and privacy in the workplace.Andy Shettle, managing director of Workforce Metrics, said: “Surviving in today’s uncertain ...
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William Hill appoints Tony Robertson
William Hill has appointed Tony Robertson group pensions manager.With more than 20 years’ experience in pensions, Robertson’s previous roles include: benefits project manager at Newedge, pensions operations and policy manager at Kingfisher, pensions administration and technical manager at Resource Administration, technical manager at Barclays Bank and pensions adviser at British ...
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Jay Butler: Which wellbeing initiative has the biggest impact on the workforce?
Activity is a key focus of MyWellbeing and is promoted widely to the organisation’s employees. We encourage staff to access our on-site fitness centres and offer tax-efficient membership through MyBenefitChoices, our flexible benefits programme, in addition to discounted rates at off-site health clubs. More than two-thirds of our employees access ...
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Discovery appoints Roland Baskeyfield
Discovery Communications has appointed Roland Baskeyfield interim HR manager, compensation and benefits.In this role, he will primarily facilitate and support the reward integration of a recently acquired Nordic organisation.Baskeyfield’s previous roles include interim UK and return on investment reward business partner at Kellogg Company, HR manager – reward and recognition ...
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Arsenal FC denies paying below living wage
Arsenal Football Club has denied that it pays its kitchen staff less than the London living wage.The football club, based in Islington, has been urged by Islington Council to pledge to pay a living wage to all its staff and contractors.Arsenal hires sub-contractors from US-based hospitality group Delaware North Companies, ...
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Tate and Lyle enters pensions buy-in
Tate and Lyle Amylum UK Pension Scheme has entered into a pension insurance buy-in.The transaction, which covers £82 million of liabilities and more than 600 members of its defined benefit (DB) pension scheme, was concluded by Pension Insurance Corporation (PIC).The employer and the trustees were advised by KPMG.Steve Amor, head ...
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ArticleReward director roles are evolving rapidly
Since 2010, there have been 39 reward director appointments across the FTSE 100, according to a report by executive search firm Hedley May.The Changing faces at the Remco: strategies for navigating today’s remuneration landscape report, which conducted 36 interviews with chairmen, remuneration committee (Remco) chairs, HR directors and reward directors, ...
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17% of employers do not offer employee benefits
Almost one in five (17%) respondents do not offer any form of employee benefits to staff, according to research by insurer Unum.Its research, which surveyed more than 500 senior staff across a range of organisation sizes, found that more than a third (33%) believe they offer an adequate employee benefits ...
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Staff require gas masks to work
Most employees who wear masks to work tend to be surgeons, building inspectors, sewage workers, dentists or those in the army.But unlucky office workers in China had to stay at work fitted with gas masks after managers refused to give them time off while their office filled with car exhaust ...
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Top 10 most read stories this week
The top 10 most read articles on employeebenefits.co.uk during 31 October to 7 November:1. Royal Mail staff must wait for full shares allocation2. Challenges around auto-enrolment postponement 3. 44% of Britons are suffering from stress4. Aon Hewitt launches guide to DC pensions5. West Cornwall Pasty Company launches mastertrust 6. How ...
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DOD's blog: Which was the biggest story this week?
It’s been a particularly busy week for the EB newsdesk this week.Firstly, it is National Living Wage Week. This has been a crucial time to promote the important concept of paying people enough to live on (after all, why should the taxpayer subsidise low-paying employers’ payrolls via tax credits?). I ...
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Hospitals trust pays overtime bonuses
Great Western Hospitals Foundation Trust is awarding its staff a bonus payment for working overtime during the busy winter season.The bonus scheme, which pays out between £25 and £65 for every shift in which employees work overtime, depending on the banding of their role, will be reviewed in February 2014.It ...
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Mind selected as Employee Benefits Awards 2014 charity
Mind provides information, advice and support to anyone suffering from a mental health issue.With one in six employees now experiencing a mental health condition, one of Mind’s current campaigns is aimed at helping employers to prioritise employees’ mental wellbeing and take steps to make their workplace mentally healthier.If you would ...
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KPMG and Unilever staff take part in fundraising event
Employees from Freshfields Bruckhaus Deringer, Key Travel, KPMG and Unilever have taken part in a fundraising event for Oxfam.The Emergency Challenge event, which was attended by nearly 70 employees from UK organisations, tested teams of four with a series of mental, physical and strategic challenges around five key emergency areas: ...
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Average gender pay gap is £5,000
Women in full-time employment earn an average of almost £5,000 a year less than men, according to research by the Trades Union Congress (TUC).Its research, which used the Office for National Statistics’ (ONS) Annual survey of hours and earnings 2012 to calculate mean hourly pay, found that women earn less ...
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Schindler Group enters pension insurance buy-in
The Schindler Group (UK) 1988 Pension Scheme has entered into an insurance buy-in.The transaction, which covers all the defined benefit (DB) pension scheme’s liabilities in respect of its current pensioners, was completed by Legal and General’s annuity de-risking business, and advised by JLT Employee Benefits and Pinsent Masons.Ashley Greensmith, chairman ...