All Article articles – Page 701
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ArticleMost common benefits to combat stress
EXCLUSIVE: Less than half (46%) of respondents have specific benefits and strategies in place to reduce workplace stress, according to research by Employee Benefits.The Employee Benefits Healthcare research 2013, which surveyed 376 HR and benefits professionals, found that the most common benefits to combat stress in the workplace include a ...
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British Airways pension deficit increases by £100m
British Airways has seen a £100 million increase in the deficit of its two defined benefit (DB) pension schemes since 2010.The combined technical deficit at 31 March 2012 was £3.3 billion, compared to £3.2 billion at 31 March 2010.The increase is due to a reduction in the interest rates used ...
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SAP sees rise in take up of discounts cards
EXCLUSIVE: SAP has seen a rise in the take up of its discount cards due to improved communications and employees looking to save more.In April 2013, 100 employees at the technology firm opted to take up the Gourmet Society restaurant discount card. This is a rise from the 52 employees ...
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Durham University launches master trust for pensions auto-enrolment
Durham University has launched a master trust to comply with its pensions auto-enrolment duties.The university introduced the scheme, provided by Now: Pensions in April 2013, enrolling its workforce of support staff in line with its staging date. Janet Robertson, payroll and pensions manager at Durham University, said: “The scheme can ...
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UK employees experience record pay cuts
In the period since 2008, real wages in the UK have fallen by more than in any comparable five-year period, according to research by the Institute for Fiscal Studies (IFS).The research, which was published as part of the IFS’s journal Fiscal Studies, found that a third of UK employees saw ...
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Executive pay increased by £45 million in 2012
FTSE 100 chief executive officers (CEO) were collectively paid £425 million in 2012, up £45 million from 2011, according to annual research by Manifest and MM&K.The Executive director total remuneration survey 2013, which analysed the latest annual reports of 581 organisations, found the increased payouts were almost entirely due to ...
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TPR publishes auto-enrolment codes of practice
The Pensions Regulator (TPR) has published guidance and revised codes of practice, which aim to support auto-enrolment by helping to ensure workplace pension scheme members receive the pension contributions they are due.The documents set out:Guidance for employers that have primary responsibility for ensuring the correct level of contribution is paid ...
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John Lewis extends staff volunteering
John Lewis will allocate more than 33,000 working hours each year to enable its employees to spend more time volunteering.Each of the retailer’s stores has a community liaison coordinator who works with local community groups and charities to identify a range of ways in which staff can support them, including ...
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Final proposals on directors' remuneration legislation published
The Department of Business, Innovation and Skills (Bis) has proposed reforms to board pay disclosure and shareholder voting rights.The finalised legislation apply from 1 October 2013.The regulations are still subject to parliamentary approval, but are not expected to change.Its proposals include:Recruitment policy: It will no be longer necessary for employers ...
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Heineken appoints DB pension administrator
Heineken has appointed Capita Employee Benefits to provide pensions administration services to its Scottish and Newcastle Pension Plan, its closed defined benefit (DB) pension scheme in the UK.Capita will also provide the brewer with trustee and scheme accounting, pensioner payroll services and will carry out a data-rectification project.The DB scheme, ...
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NAPF appoints new chairman
The National Association of Pension Funds (NAPF) has appointed Ruston Smith chairman.He will succeed Mark Hyde Harrison, whose two-year tenure will end at the NAPF’s annual general meeting in October 2013.Ruston is group pensions and insurable risk director at Tesco. In this role, he is accountable for the running of ...
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Financial services firms expect pay increases
Fixed pay is to increase for financial services employees to offset bonus caps, according to research by Towers Watson.A surveyof more than 150 financial services HR professionals at the consultancy’s annual Global financial services conference, found that more than half (53%) of banks and financial services organisations predict an increase ...
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Pay packets in south-west England fall by 10%
Pay packets in the south west of England have fallen by 10% since 2007, according to research by the Trades Union Congress (TUC).The TUC’s analysis of the Office for National Statistics’ (ONS) Annual survey of hours and earnings and its Labour force survey, both published in March 2013, found that, ...
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Employee Benefits Awards 2013 winners announced
The Employee Benefits Award winners 2013 were announced on 7 June during a summer party held at the Artillery Garden at the HAC, London.BMW (UK) won the prestigious Grand Prix award at the Employee Benefits Awards 2013. The Grand Prix is awarded to the most outstanding winner of an Employee ...
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Italian and Spanish CEOs receive highest salaries in Europe
Chief executive officers in Italy and Spain receive the highest basic salaries in Europe, according to research by The Federation of European Employers.Its Pay in Europe 2013 survey, which provided median pay figures for 32 job positions in 47 different countries and territories, also found that Denmark offers the highest ...
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DOD’s blog: What does it mean to be an award winner?
Today is one of my favourite days in the Employee Benefits calendar – the Employee Benefits Awards.I enjoy it for all the obvious reasons: celebrating winners, the networking, the lunch, the comedian and of course, the fun fair.But there is an aspect I don’t enjoy.It is watching the disappointment on ...
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Tune in live for Employee Benefits Awards’ winners
Asda, BMW (UK), Coca-Cola Enterprises, E.On, FirstGroup, JP Morgan or Samsung?Which employer will take home a coveted prize at the Employee Benefits Awards.The winners will be announced during a lunch-time ceremony at the Artillery Garden at the HAC in London on 7 June.Follow @EmployeeBenefit or search hashtag #EBAwards on Twitter ...
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How the economic climate has impacted health benefits
EXCLUSIVE: Nearly half (44%) of respondents said the economic climate has increased pressure to reduce the cost of providing healthcare benefits over the past 12 months, according to research by Employee Benefits.The Employee Benefits Healthcare research 2013, which surveyed 376 HR and benefits professionals, found that 42% were prompted to ...
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Multi-employer pension providers awarded PQM Ready
Pension providers RPMI and The People’s Pension have been awarded the new Pension Quality Mark (PQM) Ready standard in recognition of their low charges, clear communications and strong governance.Providers need to prove that independent trustees are in a majority or have a casting vote, and that member communications are clear, ...
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S&P 1500 pension plans hit funding highs
The aggregate pension plan deficits of S&P 1500-sponsored employers dropped to $269 billion at the end of May 2013, according to research by Mercer.The consultant’s monthly analysis of the Financial Accounting Standard (FAS) funding positions also revealed that the funded ratio (assets divided by liabilities) increased from 80% to 86% ...