All Article articles – Page 665
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Ipswich Town FC to launch master trust
Ipswich Town Football Club is to launch a master trust to comply with pensions auto-enrolment.From 1 November, Now: Pensions will provide the pension, which will be available to the football club’s 600 eligible employees, including office staff and match-day stewards.Denise Booth, management accountant at Ipswich Town Football Club, said: “We ...
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Expats need local healthcare guidance
One in five (20%) respondents believe comprehensive guidance on local healthcare is crucial when moving overseas for work, according to research by Expacare.Its research, which surveyed 500 employees who have worked abroad for three months or more, found that 10% had little understanding about how health systems operate overseas.One in ...
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ArticleFemale pension savers at all-time low
The number of women preparing adequately for retirement is at an all-time low and remains well behind the preparation levels of their male counterparts, according to research by Scottish Widows.The ninth annual Scottish Widows 2013 Women and pensions report, which surveyed 5,000 people, found that just 40% of women, compared ...
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ITV opens 2014 pay talks
Broadcaster ITV has opened its annual pay negotiations, which will carry on into November.The National Union of Journalists (NUJ), alongside unions Bectu and Union, have put in a claim for a pay rise of the retail prices index (RPI) plus 3% for employees in 2014.The unions are also seeking an ...
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Google named best multinational workplace
Google has been named the best global company to work for by The Great Place to Work Institute.Its 2013 Top 25 World’s best multinational workplaces list, which recognises employers with high trust and high engagement cultures, ranked Google at number one, followed by business analytics software organisation SAS Institute, data ...
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Employers should provide wider insurance benefits
The majority (92%) of respondents believe employers have a role to play in the provision of wider insurance benefits, according to research by Swiss Re.Its Insurance report 2013: Connecting generations – protecting generations found that, although two-thirds of respondents see the value of insurance, many of them find financial services ...
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Age-related pension contributions not discriminatory
The European Court of Justice (ECJ) has ruled that age-related employer contributions to pension schemes are lawful and not discriminatory to employees.The case of HK Danmark v Experion A/S 2013 concerned an organisation that set up a pension scheme for employees in Denmark with employer contributions at the following rates: ...
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HMRC tackles pensions tax abuse
HM Revenue and Customs (HMRC) has made a number of changes to strengthen existing processes to tackle the attempted misuse or abuse of the pension tax rules, deter pension liberation and safeguard employees’ pension savings.The changes, which took effect from 21 October, include:Registering a pension scheme: HMRC has made the ...
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HMRC to shut down unused PAYE schemes
HM Revenue and Customs (HMRC) has announced that unused pay-as-you-earn (PAYE) schemes will be shut down.Employers that have not used their schemes will receive letters to explain that their PAYE schemes have been closed.Any PAYE schemes opened after 5 April 2013 will be shut down automatically where the employer has ...
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Cycling to work motivates employees
Employees who cycle to work are more likely to arrive motivated and happy compared to other commuters, according to research by cycling insurer Cycleguard.The research, which surveyed 500 cyclists and 500 non-cyclists, found that a quarter (25%) of employees who cycle to work arrive feeling motivated and 18% arrive feeling ...
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Cancer sufferers want more from employers
Nearly one in five (19%) respondents with cancer said their employer could do more to understand their healthcare needs and circumstances, according to research by Maggie’s Cancer Caring Centres and insurer Unum.The research, which surveyed 1,016 adults who currently have or have had cancer, found that 19% were also dissatisfied ...
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Nuffield Health promotes Bill Jangra
He was previously pensions project manager at the health organisation.Jangra’s other past roles include senior consultant at ITM, director at Trustees First Pension Services, associate retirement consultant at Mercer and pensions policy analyst at Aventis.
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Royal Mail staff to strike over pay and pensions
Royal Mail postal workers have voted to strike for 24 hours on 4 November in a dispute over pay, pensions and job security.The Communication Workers Union (CWU), which represents all non-managerial employees, is allowing for a two-week period to reach an agreement over the issues.More than three-quarters (78%) of Royal ...
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3% pay rises in UK for third year
British employers are planning to maintain this year’s average 3% salary increases in 2014 for the third year running, according to research by Towers Watson.Its biannual Salary budget planning report, which surveyed 10,500 employers across 100 countries, found that this level of salary increase is broadly in line with other ...
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Sofitel hosts global talent competition for staff
Hotel chain Sofitel has hosted a ‘Sofitel’s Got Talent’ competition for its global employees.The event encouraged all employees to demonstrate their artistic talents by expressing the cultural link of their hotel, city or country within Sofitel’s three brand pillars: design, gastronomy and culture.First prize was awarded to staff at Sofitel ...
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Only 49% are motivated by pay
Almost half (49%) of respondents are motivated by how much they are paid, according to research by the Institute of Leadership and Management (ILM).Its Beyond the bonus: driving employee performance research, which surveyed more than 1,000 employees, found that performance-related bonuses were considerably less effective as a motivator, with only ...
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NAPF launches Stewardship Disclosure Framework
The National Association of Pension Funds (NAPF) has launched a Stewardship Disclosure Framework.It aims to provide pension funds with greater transparency around the stewardship policies and activities of the 206 asset managers who are signatories of the Stewardship Code.The framework, which is based around the seven principles of the Stewardship ...
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Auto-enrolment delaying HR initiatives
Human resource initiatives are being delayed because of pensions auto-enrolment, according to Vicky Wright, immediate past president of the Chartered Institute of Personnel and Development (CIPD).Speaking at the National Association of Pension Funds’ annual conference this week, Wright (pictured) said: “The technicalities of auto-enrolment have used up an awful lot ...
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Trinity Mirror increases pension take-up to 45%
Trinity Mirror Group more than doubled the take-up rate of its defined contribution (DC) pension scheme, from 20% to 45%, following an employee communications campaign designed to boost engagement.Speaking at the National Association of Pension Funds’ annual conference and exhibition 2013 on 17 October, David Astley, group pensions manager at ...
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Webb says government will get tough on pension charges
Pensions minister Steve Webb (pictured) hinted that the government is to take a tough stance on pension charges in an upcoming consultation, which will respond to the Office of Fair Trade’s (OFT) paper on the defined contribution (DC) pension market.During a speech at the National Association of Pension Funds’ (NAPF) ...