All Article articles – Page 693
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Exhibition offers mine of information at Employee Benefits Live
It will be packed with reward and benefits providers, advisers and consultants, who will be on hand to interact with, and demonstrate their offerings to, delegates.This year’s exhibitors include Barclays, Capita Employee Benefits, Hay Group, Health Shield, Leasedrive and Westfield Health.The 15th annual Employee Benefits Live will be held at ...
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Kirsty Peacock joins Cushman and Wakefield
She joins from Aviva Investors, where she held a variety of HR roles since 2008, such as head of HR consultancy and senior HR business partner.Peacock has also been HR director at Associated British World Foods and HR manager at Scottish and Newcastle.
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Coke sees 12% auto-enrolment opt-out
EXCLUSIVE: Coca-Cola Enterprises has seen 12% of its eligible workforce who were auto-enrolled into its group personal pension (GPP) plan in April 2013 opt out.134 of the 1,151 employees who were auto-enrolled (around 25% of the organisation’s workforce) have opted out.Rashree Chhatrisha, senior benefits analyst at Coca-Cola Enterprises, said: “The ...
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Nest restrictions to be lifted in 2017
The government has announced that the restrictions on the National Employment Savings Trust (Nest) will be lifted in April 2017.The restrictions include a cap on annual contributions, as well as a ban on transfers in and out of the scheme.The announcement follows a government call for evidence on the restrictions. ...
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EMI Group completes DB pension buyout
EMI Group has completed a £1.5 billion pension insurance buyout for its defined benefit (DB) pension scheme.The buyout, which was completed by Pension Insurance Corporation (PIC), covers 20,000 members.Citigroup has been the sponsoring employer of the EMI Group Pension Fund since 2012. It was advised by consultancy Mercer on structuring ...
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A fifth of employees do not expect to retire
One in five (20%) non-retired respondents think they will never retire, according to a report by the Association of British Insurers (ABI).Its Identifying the challenges of a changing world report found that, of those who do believe they will retire, 41% think they will continue to work on at least ...
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RTI drives rising compliance costs
The total cost of compliance for small and medium-sized enterprises (SMEs) now stands at more than £18.2 billion, according to research by the Forum of Private Business.Its Referendum 204 report: the cost of compliance survey, which questioned 4,000 forum members, found that SMEs now pay 11% more to external providers ...
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National Dental Plan launches percentage reimbursement plan
National Dental Plan (NDP) has launched a new percentage reimbursement dental care product.Its Radiant product, which provides 100% reimbursement for preventative and minor treatments and 80% for major treatments, will go live for employers on 2 September 2013.It is designed to complement NDP’s existing product, Clear, which provides a fixed ...
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Lack of benefits communication costs UK £2.7bn
Failing to tell staff about the employee benefits on offer is costing UK employers £2.7 billion every year, according to research by Cass Business School.The Money talks: communicating employee benefits research, which was commissioned by insurer Unum, used data from the government’s 2011 Workplace employment relations survey, and questioned both ...
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Value of executive pension provision rises to £242,000
The average value of a FTSE 100 executive’s pension provision has risen to £242,000 over the past two years, according to research by consultancy Lane Clark and Peacock (LCP).The 2013 LCP FTSE 100 Executive pensions survey, which questioned 340 executive employees in FTSE 100 organisations, showed a 7.5% rise in ...
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Most employers offer stress management policies
More than nine out of 10 (92%) of respondents operate stress and anxiety management policies in the workplace, according to initial findings from research by the Confederation of Business Industry (CBI) and Pfizer.The CBI/Pfizer Absence and workplace health survey, which will be published in full later in July, questioned HR ...
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Alexander Mann Solutions focuses on work-life balance
Alexander Mann Solutions is creating more opportunities for flexible working, investing in remote-working technology and enhancing its communications with employees.The enhanced benefits are part of the talent management firm’s focus on employee wellbeing and helping its staff to develop healthy, balanced lifestyles.It has invested in Lync software so that employees ...
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Co-operative society sees 8% pension opt-out
EXCLUSIVE: The Heart of England Co-operative Society has seen opt-out rates of 8% since launching a new master trust pension scheme to comply with auto-enrolment, although it is still two months away from its staging date on 1 September 2013.The society, which operates supermarkets, department stores, funeral homes and travel ...
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Kenwood enters DB pensions buy-in
Kenwood Pension Scheme has entered into a buy-in agreement for its UK defined benefit (DB) pension scheme.The agreement, with Legal and General, enables the trustees of the pension scheme to insure its remaining liabilities, which mainly cover members yet to retire.The transaction incorporates a deferred premium facility, which means that ...
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Gamevy staff take salary cut for employee ownership
EXCLUSIVE: Gamevy, an organisation that builds online game shows, has been set up as an employee-owned model, offering its staff a stake in the business rather than a salary.Four of the eight-week-old start-ups’ five employees do not receive a salary.Paul Dolman-Darrall, chairman of Gamevy, said: “Every single person in our ...
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MyCSP pays out £700 dividends to employee owners
Employee-owned business MyCSP has paid out its first dividend payment to employees.The mutual joint venture, which administers the pensions of some 230 current and ex-government departments, has paid out an average of £700 to each eligible employee.MyCSP employees own a 25% stake in the organisation, alongside the government and Equiniti ...
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Sodexo launches online incentive and reward portal
Sodexo Motivation Solutions has launched an online incentive and reward product.Its Reward Portal Premium allows employers to recognise employees’ work by using a choice-based approach to incentivising and rewarding staff.Employees can collect recognition points for various achievements and then select their reward from an online reward catalogue.Iain McMath (pictured), managing ...
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Run to the bar ... run from constituents
Something for the weekend …MPs may be seeing more of the number of the beast, or rather blurring lights, as Iron Maiden’s specialist ale has been stocked in the House of Commons’ drinking hole.The Strangers’ Bar, which regularly hosts guest ales, introduced the beer after Mike Weatherley, MP for Hove, ...
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Employee ownership guidance published
The government has published joint government and industry-led guidance aimed at helping organisations move towards employee ownership.The announcement, from business secretary Vince Cable, came on the first Employee Ownership Day on 4 July.Cable also confirmed that the government is to set aside £50 million each year from April 2014 to ...