All Article articles – Page 668
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44% do not feel motivated at work
Almost half (44%) of respondents do not feel motivated in the workplace, according to research by management consultancy Hay Group.Its research is based on its Insight database, which includes information from more than 400 organisations across 46 countries, representing 6.7 million employees.The research found that levels of engagement in the ...
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Which charity should the Employee Benefits Awards support?
Vote on poll right.Every year, Employee Benefits selects a charity partner to support through the Employee Benefits Awards.We would value your opinion on which charity we should support in 2014, based on suggestions we have received from members of our LinkedIn groups. The shortlist is Mind and Tomorrow’s People.Our chosen ...
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New guidance on public sector pension transfers
HM Treasury has published new Fair Deal guidance on the transfer of public sector pensions.The new approach to Fair Deal set out in the guidance, Fair Deal for staff pensions: staff transfer from central government, aims to ensure that staff compulsorily transferred out of the public sector will continue to ...
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Sodexo recognises long-serving staff
Facilities management organisation Sodexo has hosted a restaurant cruise to recognise more than 100 employees for their long service with the organisation.These employees, who have completed 20, 30 or 40 years’ service, were treated to a lunch on-board Bateaux London’s Symphony, a restaurant cruise vessel.Following the cruise along the Thames, ...
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BHSF acquires Occupational Health Consultants
Health insurance provider BHSF has acquired Occupational Health Consultants (OHC).The agreement will see OHC become part of BHSF Occupational Health.Peter Maskell, group chief executive of BHSF, said: “We are very pleased to have struck a deal to acquire OHC, which will double the size of BHSF Occupational Health.“We are looking ...
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Increased openness to wider pension investment strategies
More than a third (40%) of respondents are open to the idea of investing in new asset classes, according to research by Aon Hewitt.The consultancy’s survey of more than 750 delegates at its annual pension conferences highlighted the increasing willingness of trustees to consider a wider range of asset classes ...
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Bank of America extends smoking cessation plan
EXCLUSIVE: Bank of America Merrill Lynch (BAML) is to expand its smoking cessation programme after a successful pilot in May and June 2013.The bank launched the pilot at its financial centre in the City, and will now roll out a second session in the City and at its Canary Wharf ...
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Midcounties Co-op appoints Towers Watson
The Midcounties Co-operative has appointed Towers Watson to manage the investment portfolio of its £145-million defined benefit pension scheme.Towers Watson’s delegated investment service provides an integrated approach to managing assets against liabilities for all sizes of pension funds.Chris Ford, Europe, Middle East and Africa (EMEA) head of investment at Towers ...
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22% of staff feel supported when stressed at work
Only one in five (22%) of employee respondents felt that their employer takes active steps to help them manage stress, according to research by charity Mind.The research, which surveyed more than 2,000 employees, found that a third (36%) of respondents believe that looking after staff mental wellbeing is an organisational ...
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Tesco pension deficit rises to £2.4bn
Tesco has reported a net pension deficit of £2.4 billion, a rise from the £1.8 billion deficit reported at the last year end on 30 March 2013.The retailer’s Interim results 2013/14 reported that this was due mainly to the reduction in real corporate bond yields leading to a fall of ...
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Tax on benefits-in-kind should be equal
More than three-quarters (81%) of respondents said benefits-in-kind should all be taxed at the same rate, according to research by the Chartered Institute of Payroll Professionals (CIPP) and the Association of Accounting Technicians (AAT).The research, which surveyed payroll and accountancy professionals, is in response to an Office of Tax Simplification ...
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FTSE 350 pension deficits rise to £98bn
The estimated aggregate deficit for the defined benefit (DB) pension schemes of FTSE 350 companies stood at £98 billion at 30 September 2013, according to research by Mercer. This is equivalent to a funding ratio of 85%.Its Pensions risk survey found that asset values increased by £4 billion over the ...
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DOD’s blog: What do we do with ‘big data’?
At last week’s Employee Benefits Live, a debate started among HR people frustrated by the volume of management information they were being swamped by.As an aside, have you noticed how people seem to have stopped saying ‘management information’ and now call it ‘big data’? Oh, big deal.Over the years I ...
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Employee Benefits Connect back in London for third time
This highly popular one-day event, which focuses on getting benefits professionals to ‘connect’, offers a range of workshops, conference sessions and networking facilities to enable delegates to meet and share their ideas and knowledge.Feedback from both exhibitors and visitors to the 2013 Employee Benefits Connect was hugely complimentary.Ricky D’Ash, head ...
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The top 10 most read stories this week
Employee Benefits Live 2013 speaker slidesGrant Thornton overcomes AE postponement challengesEmployers want eligibility criteria altered for auto-enrolmentHMRC reports on real-time information issuesKey points about private medical insurance open referralEmployers fail to reward staff at ChristmasBITC launches 2014 Workwell benchmarkThe Positive Ageing Company launches eldercare schemeLe Creuset launches gym benefitPeopleValue adds ...
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Telephonophobia: It exists
Something for the weekend…Have you ever cast your eye over at your new intern, work experience colleague or young employee and wondered why they weren’t picking up the phone to make a call?It’s because one in 20 employees between the ages of 18 and 24 suffer from something called telephonophobia, ...
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Consultation on executive pay published
The Financial Reporting Council (FRC) has published a consultation on executive remuneration.The consultation follows legislative changes, which came in on 1 October, which made votes on remuneration reports binding.It will cover three specific areas:Clawback arrangements.Whether non-executive directors who are also executive directors in other organisations should sit on the remuneration ...
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Aviva completes sale of US business
Aviva has completed the sale of its US life and annuities business, Aviva USA, to Athene Holding Limited.The transaction proceeds are US$2.6 billion (£1.7 billion) and are subject to customary completion adjustments.Cash proceeds to Aviva are US$0.8 billion higher than announced on 21 December 2012, at US$2.3 billion (£1.5 billion), ...
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Barnett Waddingham launches pensions governance health check
Barnett Waddingham has launched a free health check to help employers and pension trustees examine how they are managing pension governanceissues.The health check is in response to The Pension Regulator’s (TPR) latest governance report, which highlighted that pensions governance was lacking in certain areas.It aims to:Help employers and trustees to ...
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Employee recognition more important than ever
The first, a survey conducted among 3,000 employees by Research Now on behalf of Capita Employee Benefits, found that being thanked or recognised for work is the second most popular employee benefit, after a pay rise.Michael Rose, director at Rewards Consulting, said: “Because the economy is tight and pay increase ...