All Article articles – Page 687
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London Overground launches online voluntary benefits plan
London Overground Rail Operations (LOROL) has launched an online voluntary benefits programme.The LOROL Extras website, which was rolled out on 1 August, includes telephone and online discount codes to save money on purchases, such as clothes, music and do-it-yourself items, as well as insurance policies and hotel bookings.Employees can also ...
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LEBC Group auto-enrols staff one year early
LEBC Group has auto-enrolled its workforce almost a year before its staging date.The independent financial advice firm and employee benefits consultancy opted to auto-enrol on 1 July 2013, rather than 1 May 2014, to ensure it fully understood, from practical experience, the actual issues its employer clients’ HR and finance ...
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TPR launches guides on choosing pensions for auto-enrolment
The Pensions Regulator (TPR) has launched a suite of new guides to help employers with limited pensions experience select a good-quality pension scheme for auto-enrolment.An employer’s guide to selecting a good-quality pension scheme for automatic-enrolment helps employers evaluate whether a scheme is well run, offers value for money and protects ...
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Hitachi launches fleet apps
Hitachi Capital Vehicle Solutions has launched a mobile phone application (app) to help manage end-of-life damage and reduce costs for company cars.The application, which works with BlackBerry, Android and iPhone devices, features an end-of-life contract damage manager.An employee using the system will be prompted six weeks before they are due ...
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Best and worst pension annuity providers revealed
The Association of British Insurers’ (ABI) Annuity Window comparison tool has found that there is a 31% difference between best and worst conventional annuity rates.The tool, which is compulsory for all ABI members selling annuities to the public, also found (based on a level annuity for a 65-year-old man, living ...
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Jelf launches annuity service as standalone product
Jelf Employee Benefits is launching its whole-of-market annuity-broking service as a standalone product.The Retirement Income Finder is already available to its existing pension and financial-planning clients, but will now be rolled out to the wider market as a standalone product.The service encourages pension scheme members to select the most appropriate ...
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University of St Andrews launches master trust
The University of St Andrews has launched a master trust to comply with its auto-enrolment duties.It has appointed Now: Pensions to provide the scheme for its 460 eligible employees, who were auto-enrolled on the university’s staging date of 1 July 2013.The University of St Andrews is the second university to ...
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John Lewis extends physio service to all staff
The John Lewis Partnership has extended its physiotherapy service to all 84,500 John Lewis and Waitrose employees.The retail organisation previously offered the service, which is provided by Physio Med, to its Waitrose employees, but has now extended it across the partnership.It was keen to reduce the incidence, duration and recurrence ...
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Age UK partners L&G to launch pension project nationwide
EXCLUSIVE: Age UK has partnered Legal and General to roll out its Living on the state pension project to employers across the UK.The pension provider worked with Age UK to complete the project in 2012, challenging volunteer employees to try to live off the state pension. For every employee who ...
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Most female workers return to flexible roles after maternity leave
The majority (83%) of female employees in respondents’ organisations who return to work following maternity leave have moved into part-time or flexible-working roles, according to research by recruitment consultancy Robert Half.Its research, which surveyed 200 UK HR directors, found that this rose to 92% of employees in London and the ...
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Employers spend little time administering childcare vouchers
The majority of employers (77%) spend less than 30 minutes a month on childcare voucher administration, according to research by the Childcare Voucher Providers Association (CVPA).Its Making childcare work survey, which questioned 1,618 employers between June and July 2013, also found that:94% of respondents believe they play an important role ...
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Barbon adds childcare vouchers to flex
EXCLUSIVE: Barbon Insurance has added childcare vouchers to its flexible benefits scheme.The scheme, which has been in place since 2009, also includes dental insurance, private medical insurance (PMI) and a holiday purchase scheme.Employees can now use their 2% flexible benefits allowance to purchase childcare vouchers, which were previously offered to ...
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Zenith adds salary sacrifice option to staff car scheme
Zenith has added a salary sacrifice arrangement to its company car scheme for its own employees.The fleet management provider’s Driven scheme is available to 180 eligible employees at its offices in Leeds. The cars available are from a range of manufacturers and have CO2 emissions capped at 130g/km.Employees can also ...
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Heatwave causes spike in absence rates
Almost a third (30%) of respondents have noticed a rise in absence rates during the UK’s recent hot weather, according to research commissioned by PMI Health Group.The study, which was conducted among 93 medium-sized and large employers, found that more than half (54%) of respondents do not operate flexible-working policies ...
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A third unconcerned about funding retirement
One-third (33%) of respondents who are at retirement or are looking to retire in the future are unconcerned about funding their retirement, according to Close Brothers Asset Management.Its inaugural Trends in wealth report: Road to retirement, which surveyed more than 1,000 UK adults with gross household incomes of £70,000 or ...
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ABI launches annuity initiative
The Association of British Insurers (ABI) is to publish specimen annuity rates offered by its members to highlight the importance of shopping around for the best deal when it comes to buying an annuity.The publication is part of the ABI’s Code of conduct on retirement choices, which was launched in ...
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L&G sees 5% auto-enrolment opt out
EXCLUSIVE: Legal and General has only seen 5%, 11 of 207, auto-enrolled employees opt out since its staging date on 1 April.Prior to staging, 700 employees were in a defined benefit (DB) pension scheme that is closed to future accrual and all but 207 of the remainder of its 7,500 ...
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William Hill staff to receive £3.5m sharesave payout
William Hill employees are to share a £3.5 million-payout from the organisation’s three-year sharesave plan.Almost 550 UK employees will benefit from a rise in the organisation’s share price from £1.48 to £4.86 during the period of July 2010 to July 2013.In 2012, almost 700 employees received a £3.5 million-payout after ...
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ArticleMost Britons think 20s is ideal time to start pension savings
The majority (91%) of respondents believe it is best for individuals to start saving into a pension in their 20s, according to research by the Money Advice Service.The financial capability of the UK report surveyed more than 5,000 people and followed 72 families closely for a year to provide a ...
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Sports13 partners PosturePip for workplace health
Workplace health and wellbeing organisation Sports13 has partnered PosturePip to offers its product to employers.PosturePip, which is designed to help office workers improve their posture, health and wellbeing, is an animated exercise reminder in the form of a virtual pet to demonstrate and encourage the performance of simple exercises.It is ...