All Article articles – Page 689
-
Article84% of DC pensions have a default option
The vast majority (84%) of respondents with a defined contribution (DC) pension scheme offer their workforce a default investment option, according to Employee Benefits/Capita Pensions Research 2013.The research, conducted among 370 HR and benefits managers, found that just 16% of respondents that offer a DC plan do not.A default investment ...
-
Article57% pass on responsibility for default funds
Over half of respondents (57%) hand over responsibility for their default fund to their pension provider or financial adviser, according to the Employee Benefits/Capita Pensions Research 2013.The survey, conducted among 370 HR and benefits managers, found that 29% rely on their adviser and 28% put their trust in their pensions ...
-
Article47% of employers review default fund annually
Just over half (47%) of respondents review the investment strategies and aims of their default investment fund at least annually, according to Employee Benefits/Capita Pensions research 2013. (This does not include respondents that do not review their own strategies, or those that do not know).The survey, conducted among 370 HR ...
-
Article36% of employers use provider's default fund
More than a third of respondents (36%) use the default investment option offered by their pension provider, according to Employee Benefits/Capita Pensions Research 2013.The survey, conducted among 370 HR and benefits managers, found that 31% entrust the selection of investment funds in their default offering to their adviser, while 27% ...
-
Article
Buyer's guide to group dental plans 2013
The factsWhat are group dental plans?A group dental plan is an insurance-based scheme that offers employees cover for both preventative and restorative dental treatments. The plan gives staff access to dental insurance through their employer. The benefits can be accessed in various ways, including via private medical insurance (PMI), flexible ...
-
Article
Employee Benefits/Capita Pensions Research 2013
Read digital version of Employee Benefits/Capita Pensions Research 2013.It reveals:scheme type - the schemes proving most popular with employers and contribution rates being adopted for auto-enrolment;communication - how employers are communicating their pension schemes and why;default investments - employers’ default options and employee take-up;auto-enrolment - top tips from employers that ...
-
Article
Nationwide's remuneration report voted in
Nationwide Building Society members have voted overwhelmingly in favour of changes to the building society’s remuneration report.The vote, which took place at the organisation’s annual general meeting on 23 July, saw nearly 93% of members, its version of shareholders, vote in favour of its Report of the directors on remuneration, ...
-
Article
Mercer adds Aegon to workplace savings panel
Mercer has added Aegon UK to its workplace savings panel.The Mercer Workplace Savings (MWS) panel, which launched in the UK in 2011, already includes Friends Life and Zurich.The MWS panel allows organisations to select the investment and savings products and services they provide to employees. The range covers trust and ...
-
Article
Thomsons enhances benefits platform
Thomsons Online Benefits has launched a new version of its Darwin employee benefits platform.The New Darwin Reward Centre tool is aimed at tablet users and provides employees with greater access to information, with the aim of engaging the workforce and enabling employees to make more informed decisions around their benefits, ...
-
ArticleCompensation levels rise for US SmallCap CEOs
Median total compensation levels for chief executive officers (CEOs) in the US SmallCap 600 increased by 4.6% from 2011 to 2012, according to research by US-based executive remuneration data provider Equilar.Its 2013 S&P SmallCap 600 CEO pay strategies report provides a broad-based compensation analysis of 395 CEOs within the SmallCap, ...
-
Article
Royal baby would mean lower pay rise for staff
Something for the weekend …As the hubbub around the royal baby continues, it’s time to take stock and reflect upon our new prince.Isn’t it great we have a future king? Aren’t we all pleased for the Duke and Duchess of Cambridge?But, according to research by Aalborg University in Denmark, the ...
-
Article
DOD's blog: HR can affect UK's economic growth
Yesterday the UK’s revised economic growth figures were revealed to be just 0.6%. Better than previously announced, but a long way from where we should be.But running alongside that is the issue that UK employees have had below-inflation-rate pay increases for years. So effectively a pay cut.Read: Pay rises by ...
-
Article
Top 10 most read stories this week
1. Seven-year sharesave schemes to be abolished2. Wilkinson to close final salary pension3. William Grant funds pay rises with PMI savings4. Pension engagement linked to communication5. Network Rail incentive plan approved6. 3i Group to reverse bonus plans7. Supreme Court overturns Nortel and Lehman pension ruling8. Edenred to launch mobile discounts ...
-
Article
National Grid aligns global recognition
EXCLUSIVE: National Grid employees have shared more than 13,000 recognition moments globally.It initially launched the pilot recognition programme for 3,000 UK employees in April 2012. In April 2013, the programme was rolled out to the rest of the utilities firm’s 15,000 UK and US employees.Following the merger between its UK ...
-
Article
IG Group to review exec remuneration
IG Group is to conduct a complete review of its executive remuneration policy.The decision, which was outlined in the derivitave trader’s Preliminary results for the year ended 31 May 2013, was taken to reflect a realistic view of the medium-term growth prospects of the organisation.The report also disclosed that employee ...
-
Article
NHS staff in England took 9.5 days sick in past year
NHS workers in England took an estimated 9.5 working days off sick in the past 12 months, according to a report by the Health and Social Care Information Centre (HSCIC).Its report, which looked at the last four financial years and approximately 1.05 million full-time NHS workers in England, compares this ...
-
Article
Metro cleaners protest for living wage
Transport cleaners on the Tyne and Wear Metro are to protest for the living wage.The employees, who are backed by the National Union of Rail, Maritime and Transport Workers (RMT), will gather outside a meeting of the Churchill Tyne and Wear Integrated Transport Authority at the Newcastle Civic Centre on ...
-
Article
Confessions of a benefits manager: Unwanted advice
I don’t know what came over me. I never accept event invitations from pension advisers. To accept is to tick a box that says: please bore me to death for several hours in some ghastly hotel while several consultants try to sell me services over a rather indifferent dinner.Oh no, ...
-
Article
Supreme Court overturns Nortel and Lehman pension ruling
Administrators for Nortel Networks and Lehman Brothers have won a case in the Supreme Court, after it ruled that The Pensions Regulator’s (TPR) does not have priority rights to the assets of insolvent companies.The Supreme Court overturned the decision of the Court of Appeal and held that financial support directions ...
-
ArticleThird of over 55s have no pension
Almost a third (30%) of respondents within ten years of the state pension age (over-55s) still have no active pension plan in place, according to research by Aegon UK.Its UK retirement readiness survey, which polled 1,191 employees of all ages across the UK, found that, two-thirds said they had no ...