All Article articles – Page 684
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ABI launches pensions calculator for employers
The Association of British Insurers (ABI) has launched a pensions calculator designed to help employers select a pension scheme for their employees.The tool enables employers to input pension charges, including active member discounts and initial charges, to obtain a simple analysis of the impact charges will have on employees’ retirement ...
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ArticleBenefits and pay equality more common in the public sector
Almost two-thirds (63%) of respondents in the public sector provide employees with equal benefits, compared with 40% of respondents in the private sector, according to research by the Chartered Institute of Personnel and Development (CIPD).Its Labour market outlook for summer 2013, which surveyed 1,034 private and public sector employers, found ...
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Birmingham Council staff save £187,000 via discounts plan
EXCLUSIVE: Birmingham City Council employees have made savings of £187,000 through the organisation’s online employee discounts scheme.The programme, which was introduced in November 2011, is used by 8,300 of the council’s 48,000 employees.Since its launch, employees have spent £3 million on purchases through the scheme.Raffaela Goodby, head of organisational development, ...
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Barclays Cycle Hire staff strike over pay
Employees of the Barclays Cycle Hire scheme have begun 48 hours of strike action in a row over pay.The employees, who are members of the Rail, Maritime and Transport (RMT) trade union, have cited the imposition of a 2% pay increase for 2013 and an end to overtime as reasons ...
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UK employers not proactive on health issues
Almost half (42%) of respondents do not have, or do not know if they have, a programme in place to help employees maintain their health, according to research by consultancy JLT Employee Benefits.Its 250 Club report, which questioned 250 private sector employers with at least 500 full-time employees, also found ...
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UK bucks global trend for wellbeing dip
Employee owners are the happiest workers in the UK, according to research by global workplace provider Regus.Its annual Work-life balance report, which is based on a poll of 26,000 professionals across the globe, reveals a worldwide dip in wellbeing over the last year, but the UK bucks this trend, up ...
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Royal Mail reduces DB pension liabilities
Royal Mail Group has reduced the liabilities of its defined benefit (DB) pension scheme from a deficit of £2.7 billion in March 2012 to a surplus of £825 million at March 2013.The group’s Annual report and special purpose financial statements for the year ended 31 March 2013 showed that this ...
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ArticleIn-house support more prevalent in auto-enrolled organisations
Employers that have auto-enrolled staff relied more on in-house resources than respondents that have still to auto-enrol staff plan to do so.According to the Employee Benefits/Capita Pensions Research 2013, which surveyed 370 HR and benefits professionals, 52% of those that have auto-enrolled staff used in-house advice, 60% had in-house help ...
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Goldman Sachs to sell stake in pension insurer
Goldman Sach is to sell a majority stake in pension insurer Rothesay Life in the next year.Rothesay Life mitigates the financial and longevity risk of UK organisations’ defined benefit (DB) pension schemes.It was established by the investment banking and securities firm in 2007.A spokesperson from Goldman Sachs said: “The firm ...
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Employees would consider using dental plans if available
Just under two-thirds (63%) of employee respondents without a dental plan would consider taking up one if their employer offered it, according to research by Denplan.Its 2013 Dental benefit survey, which questioned 503 benefits professionals and more than 4,000 UK adults, found that 42% of employer respondents in the process ...
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Recommendations published on benefits tax rules
The Office of Tax Simplification (OTS) has published an interim report 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 covers ...
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Article38% due to auto- enrol will use postponement
Respondents that have yet to auto-enrol their staff say they are less likely to use postponement than those that have already auto-enrolled.According to the Employee Benefits/Capita Pensions Research 2013, which surveyed 370 HR and benefits managers, 38% of those that have yet to auto-enrol staff plan to use postponement.Two-thirds (67%) ...
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Howden acquires Workplace Pension Solutions
Howden Insurance Brokers has acquired employee benefits consultancy and insurance broking service provider Workplace Pension Solutions (WPS).WPS was set up in 2012 by Jon Francis and Robbie Weston, both of whom have experience as independent financial advisers.Weston (pictured), managing director of WPS, said: “Howden is the perfect place for us ...
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The Pensions Regulator appoints interim chief executive
The Pensions Regulator (TPR) has appointed Stephen Soper (pictured) as interim chief executive, with effect from 1 August.Soper, who was previously executive director for defined benefit (DB) regulation, will take charge of TPR until a permanent replacement is found for Bill Galvin, who left his position as chief executive at ...
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Reward not linked to business objectives
Only 28% of respondents have a defined strategy in place that links reward and incentives to business objectives, according to research by Edenred.Its Getting more from employee reward and incentives research, which surveyed 50 HR and benefits managers, found that 23% of respondents track how reward and incentives contribute to ...
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Holidays wreak havoc among colleagues
Something for the weekend…Unscrupulous staff deliberately book time off to scupper their colleagues’ holiday plans, according to research by OfficeBroker.com.Its anonymous poll of 480 employees revealed that one in 20 (5%) respondents had strategically booked their days off to spite a co-worker.The research also found:13% of respondents kept quiet about ...
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William Grant aligns payroll globally
EXCLUSIVE: William Grant and Sons has completed the first phase of a global alignment of its payroll systems.The distiller, which manufactures drinks brands such as Glenfiddich, Hendrick’s and Tullamore Dew, employs 1,700 employees across Asia, Australia, Europe, the US and the UK.Gary Brewer, head of reward and organisational development at ...
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Auto-enrolled staff have stayed in pensions
More than 90% of employees who have been auto-enrolled into a workplace pension by their employer have stayed in the scheme, according to research by the Department for Work and Pensions (DWP).Its Automatic-enrolment opt-out rates: findings from research with large employers report surveyed 50 employers, 42 of which provided opt-out ...
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Private sector pay increase expected in second quarter
Private sector pay growth is expected to increase in the second financial quarter of 2013 despite a volatile year, according to the Bank of England.Its Monetary Policy Committee’s (MPC) August Inflation report revealed in the first financial quarter of 2013, real income was still below its 2007 peak. In comparison, ...
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InterContinental staff share 33,000 recognition awards
InterContinental Hotels Group (IHG) employees have received more than 33,000 global recognition awards.The hotel group rolled out an international recognition programme for more than 350,000 employees in almost 100 countries in November 2011.The programme, Bravo, which is provided by Globoforce, enables the hotel group to encourage employee behaviour that reflects ...