All Article articles – Page 672
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Aberdeen in talks to acquire Scottish Widows
Aberdeen Asset Management has confirmed it is in talks with Lloyds Banking Group about acquiring Scottish Widows Investment Partnership.Aberdeen Asset Management said the proposed transaction would offer substantial cost efficiencies and synergies to the business, and that it would reinforce its commitment to a progressive dividend policy and to return ...
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95% of LV= pension members trust their employer
The majority (95%) of LV= pension members who completed its inaugural pension survey trust their employer to make a difference in their path to retirement.Speaking at the National Association of Pension Funds (NAPF) conference in Manchester on 17 October, Mike Acred, pensions manager at the insurance firm, said: “I was ...
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95% not confident about reaching retirement goals
The majority (95%) of young and middle-aged adults do not feel confident they are on track to reach their retirement goals and are looking to their employers for help, according to research by State Street Global Advisors (SSGA).Its UK Defined contribution research, which surveyed more than 1,000 respondents who participate ...
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71% will have to supplement retirement funds
Almost three-quarters (71%) of respondents believe they will need to supplement their income in retirement, according to research by financial services provider Partnership.Its research, which surveyed 2,000 people between the ages of 45 and 65, found that, while 33% of respondents aged between 50 and 65 had put aside savings ...
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Article94% of over 55s glad to be pension savers
The majority (94%) of respondents aged over 55 who participate in a workplace pension scheme are glad they opted to do so, according to research by Aviva.Its Real retirement report, which surveyed almost 18,000 UK consumers aged over 55, examines the financial pressures affecting the UK’s three ages of retirement: ...
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48% feel stressed at work
Nearly half (48%) of respondents feel stressed at work two to three or more times a week, according to research by Axa PPP Healthcare.The Axa PPP Healthcare Workplace wellbeing survey, which surveyed 500 small and medium-sized employers (SMEs) and 500 employees, found that two-thirds (63%) of employer respondents do not ...
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45-to-54 year olds need to rethink pension saving
Pension savers aged between 45 and 54 need to rethink plans for funding their retirement, according to research by investment services organisation BlackRock.Its Investor pulse survey, which questioned 2,000 Britons between the ages of 25 and 74, found that the 45-to-54 age group was the most financially squeezed, with nearly ...
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36% provide salary sacrifice car scheme
More than a third (36%) of respondents offer employees a salary sacrifice company car scheme, according to research by the Association of Car Fleet Operators (AFCO).Its research, which questioned fleet decision-makers who collectively operate more than 19,000 company cars and employ more than 100,000 staff, found that this figure is ...
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Trader Media to auto-enrol 310 employees
EXCLUSIVE: Trader Media Group is to auto-enrol 310 employees into its group personal pension (GPP) plan on 1 November.The media organisation, which owns titles such as Auto Trader, postponed auto-enrolment from 1 September.Currently, 700 of its more than 1,000 employees are already members of its GPP, which is provided by ...
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Warburtons sees 2.3% auto-enrolment opt-out
Warburtons has had 2.3% of its auto-enrolled employees opt out of its trust-based defined contribution (DC) pension scheme, said Anne Hunt, pensions manager at the bakery, at the National Association of Pension Funds (NAPF) conference in Manchester on 17 October.The bakery, which has 4,500 employees across 26 sites, auto-enrolled 1,800 ...
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18% want pension invested in ethical funds
Almost one in five (18%) respondents would like to see 100% of their pension scheme invested in a fund that avoids anything where there may be a negative environemental, social or goverance impact, according to research by the Ethical Investment Research and Information Service (EIRIS).Its research, which was launched to ...
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Le Creuset launches gym benefit
French kitchenware manufacturer Le Creuset has launched free gym services for its employees.The organisation, which is aiming to increase employee health and wellbeing, has appointed Personal Touch Fitness to manage onsite facilities for more than 60 staff at its UK branch in Andover, Hampshire.The corporate fitness provider also provides fitness ...
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BITC launches 2014 Workwell benchmark
EXCLUSIVE: Business in the Community (BITC) has launched its 2014 Workwell benchmark, which aims to measure organisations’ management of employee wellbeing and engagement in the workplace.The benchmark, which is based on a questionnaire, also aims to help employers create healthy, engaged and flexible workforces.BITC will publish the results in April ...
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HMRC reports on real-time information issues
HM Revenue and Customs (HMRC) has published a report into the findings from analysis of disputed pay-as-you-earn (PAYE) charges associated with real-time information reporting.It had received feedback that some PAYE schemes have experienced difficulties in reconciling the difference between the tax HMRC says is due and the tax the employer ...
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ArticleWage gap to narrow between UK and emerging countries
The narrowing wage gap between the UK and emerging economies, such as China, India and the Philippines, will have major implications for business, according to research by PricewaterhouseCoopers (PWC).Its research, which is based on estimates of average monthly wage levels from the International Labour Organisation, found that India and the ...
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Employers fail to reward staff at Christmas
Two-thirds (65%) of respondents do not expect to receive a Christmas reward from their employer this year, according to research by Edenred.Its Saying thank you at Christmas 2013 survey, which questioned 1,000 employees, found that only 30% received a Christmas reward in 2012 and 35% of respondents have never received ...
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Employee Benefits Live 2013 speaker slides
Day 1 slides for 25 September 2013KNI – Managing change under pressureBaroness Eliza Manningham-Buller DCB, former director general MI5NO SLIDESKN2 – 60 tips in 60 minutes from Employee Benefits Awards winnersDebra Corey, group compensation and benefits director, Merlin EntertainmentsRichard Murray, group pensions manager, FirstGroupMike Hazlegrave, reward manager, Asda StoresDebi Povey, ...
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Aker Solutions appoints Philip Hutchinson
He will remain in his role as director of RePosition Consulting, which he founded in January 2010.Over the past five years, Hutchinson has held a range of interim reward manager roles with organisations such as the Post Office, Bwin.Party Digital Entertainment and International Power.His other previous roles have included head ...
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Live Nation used merger to increase staff engagement
Live Nation Entertainment has faced a number of challenges in the way it engages employees following the merger between the concert promotion side of its business, Live Nation, and Ticketmaster in 2010.During the keynote session of Employee Benefits Live on 26 September, Brian Newman, vice president of HR at Live ...
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Alignment to business strategy is key to benefit plan success
Employers with plans to refresh their employee benefits package should start by ensuring that they understand their organisation’s business strategy, according to Raffaela Goodby (pictured), head of organisational development, engagement and wellbeing at Birmingham City Council.Speaking at Employee Benefits Live on 26 September, Goodby said: “If [an employer] is reviewing ...