All Article articles – Page 681
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Article
Swallowfield appoints pension consultancy
Cosmetic manufacturer Swallowfield has appointed a pensions consultancy to provide actuarial, investment and pension administration services to its pension scheme.Punter Southall will provide these services to Swallowfield’s Aerosols International Limited Pension Plan (AILPP) scheme, which has 400 members.Paula Ambridge, chair of the AILPP trustees, said: “We were impressed with Punter ...
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Finance directors see 4.7% salary rise
The salaries of finance directors in UK-listed organisations increased by an average 4.7% in the past year, according to research by Incomes Data Services (IDS).The IDS Executive compensation review, which surveyed the earnings of finance directors at 369 UK-listed organisations in the year to 31 March 2013, also found that ...
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Buyer's guide to electronic voucher motivation cards
The factsWhat are electronic voucher motivation cards?They are paper-based vouchers or plastic cards loaded with a cash value that can be spent at a single designated retail outlet or at multiple retailers. Travel and experience vouchers are also available.Where can employers get more information?The UK Gift Card Voucher Association on ...
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ArticleEmployee Benefits magazine - September 2013
Groupon is a mere five years old yet has 10,000 staff globally. So how have they managed benefits in such a fast-growing organisation? Find out in Adding value (page 57).Christmas might seem ages away, but if you are planning festive incentive for staff you need to be well on your ...
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Article
Hogg Robinson offers PeopleValue Advantage staff discount scheme
This article has been supplied by our channel sponsor, PeopleValue.Company backgroundHogg Robinson Group (HRG) has a long and prestigious history; established in 1845, it operates from headquarters in Basingstoke, Hampshire, UK. Its interests include owned or controlled corporate travel services operations in 25 key driver/growth markets throughout North America, Europe ...
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Article85% saw pension costs rise post auto-enrolment
More than three-quarters of respondents (85%) saw some level of pension cost rise in relation to auto-enrolment, according to the Employee Benefits/Capita Pensions Research 2013.(This does not include respondents that have not calculated costs or those that do not know).However, the research, which was conducted among 370 HR and benefits ...
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Stress causes ill-health in older staff
Older employees are most prone to experiencing health problems as a result of work-related stress and weight gain, according to research by Canada Life Group Insurance.Its research, which questioned 1,051 employee between June and July 2013, also found that:40% of respondents in their twenties cited their job as a cause ...
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Retirement savers could be worse off with single-tier pension
The majority of people currently entitled to the state second pension will receive less when they retire as a result of the scheme being replaced by the new single-tier state pension, according to research by the Trades Union Congress (TUC).Its analysis modeled what the projected retirement incomes of people currently ...
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Standard Life and Barnett Waddingham partner on auto-enrolment
Barnett Waddingham has partnered with Standard Life to develop auto-enrolment services for small and medium-sized enterprises (SMEs) with staging dates commencing in early 2014.According to the Department for Business Innvovation and Skills, it is estimated there are more than 30,000 organisations with workforces between 50-250 employees that will need to ...
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ArticleEmployers focus on aligning global benefits
Distillery William Grant and Sons is in the process of aligning its payroll systems across Australia, Asia and Europe. National Grid has launched an international recognition scheme for its 15,000 UK and US employees. And HSBC will introduce a new all-employee international share scheme later this year.While some benefits lend ...
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Article
Join high and low pay debates at Employee Benefits Live
Interactive debates on each day of Employee Benefits Live will encourage HR, and compensation and benefits professionals to take a stronger lead on high and low pay in the UK.The interactive debates, chaired by Debi O’Donovan, editor of Employee Benefits, will comprise a series of short presentations from industry experts, ...
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Duncan Brown: Good economic growth via staff management
But in a thought-provoking article published on 25 July, City AM’s editor, Allister Heath, questions the nature and sustainability of this recovery and says: “We must urgently improve the quality of our economic growth.”After the last four years, any growth might seem ‘good’.But Heath perceptively distinguishes between ‘good’, sustainable, long-term ...
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Employee benefits tax recommendations may never be implemented
The Office of Tax Simplification (OTS) published an interim report last month as part of its review of the tax rules around employee benefits and expenses.The overall aim of the review, which was announced in January 2013, is to look at opportunities for simplification.The first stage of the review, which ...
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Debi O'Donovan: Low pay increases driven by global market
Given that this is well below inflation (the Consumer Price Index was 2.8% in July), it is not just those out of work who are feeling economic pain. Many in work are, too.In the past month, Employee Benefits has reported on a number of strikes and threats of industrial action, ...
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Focus on retirement education for staff
The vast majority (91%) of respondents to the Money Advice Service’s (MAS) The financial capability of the UK report, published in August, believe it is best for individuals to start saving into a pension in their 20s. However, only 28% of respondents currently do so.Close Brothers’ inaugural Trends in wealth ...
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DebbieLovewell: Early pension saving is vital
This was closely followed, fairly sensibly I thought, with saving for a property deposit. Pensions and the need to save for retirement didn’t even cross my mind.Maybe if I’d been faced with some of the cold, hard figures spelling out what a difference beginning to save early could make, it ...
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Employers will still be involved in childcare voucher provision
Julian Foster, spokesperson at the Childcare Voucher Providers Association (CVPA) and managing director of Computershare Voucher Services, said: “For any employer with an existing childcare voucher scheme, it won’t be taken away when the new scheme is introduced.“Anybody in the existing scheme can continue on the same terms, but the ...
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Top discussions from the Employee Benefits LinkedIn group
How do you use social media?I really like [the] Twitter trend #ShorterHR. The idea is to write HR policy in 140 characters or less. Below are some of the best examples, together with a number of my own contributions. This exercise also has a serious point. It would be a ...
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Buyer's guide to health cash plans 2013
What are health cash plans?Health cash plans are designed to cover everyday healthcare costs such as a trip to the dentist; a new pair of glasses; or a session with a physiotherapist. Once a policyholder has received treatment covered by their plan they claim back the money from the cash ...
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ArticleEarly stagers planned for auto-enrolment earlier
Employers that still have to auto-enrol their staff have started planning for the process later than those that have already auto-enrolled their workforce, according to the Employee Benefits/Capita Pensions Research 2013.The research, which surveyed 370 HR and benefits managers, found that 62% of employers that have auto-enrolled staff began planning ...