All Article articles – Page 715
-
Article
Sports Direct staff to share £100m payout
Sports Direct employees are to receive a payout worth 75% of their base salary in shares in August 2013 when the retailer’s 2009 bonus share scheme matures.More than 2,000 employees participated in the three-year scheme, which awards shares based on specified profit targets being met in 2009-10, 2010-11 and 2011-12.The ...
-
Article
Government's employee ownership proposal passes
The government’s employee ownership proposal has passed in the House of Lords.The Growth and Infrastructure Bill, commonly known as ‘rights for shares’, passed by 275 to 168, a majority of 107, after Chancellor George Osborne made a key concession.The legislation means that employers will be able to allow employees to ...
-
Article
Call for single pensions regulator
The government should reassess the case for establishing a single body with sole responsibility for regulating workplace pensions, according to a report by the Work and Pensions Committee.Its report, Improving governance and best practice in workplace pensions, raises concerns over current gaps in regulation and the potential for further gaps ...
-
Article
Legal and General appoints chair to mastertrust
Legal and General has appointed an independent chair to its WorkSave mastertrust.Paul Trickett (pictured), who joins from investment bank Goldman Sachs, said: “I am very pleased to be appointed as the chair of the board of trustees.“This structure reinforces benefits of independent trustee governance and I firmly believe this is ...
-
Article
Share your views about your pension adviser
What do you really want from your pensions adviser(s)? Which aspects of their service do you most value? Are things changing in terms of the services you require and how they are paid for?Employee Benefits is conducting a new piece of research on how employers select and work with their ...
-
Article
BNP Paribas and BMW shortlisted for health perks
BNP Paribas, Freshfields Bruckhaus Deringer and Hewlett-Packard are among the employers shortlisted for the award ‘Best healthcare and wellbeing benefits’ at the Employee Benefits Awards 2013.This award recognises employers that have implemented a strategy that helps promote health and wellbeing in the organisation, such as programmes that focus on healthy ...
-
Article
Corporate adviser warns about 'deluded consequences' of auto-enrolment
The current auto-enrolment model may not encourage employees to make sufficient pension savings for their retirement, according to Thomosons Online Benefits’ chief executive officer (CEO).Michael Whitfield (pictured) said that auto-enrolment, the government-enforced reforms aimed at ensuring more people save into a workplace pension scheme, will not give people the savings ...
-
Article
UK salaries to rise by 3% in 2013
UK employers are planning to increase salaries by an average of 3% in 2013 for the second year running, according to research by Towers Watson.Its Salary budget planning report, which received 5,000 responses from organisations across 60 countries in Europe, the Middle East and Africa (EMEA), found that 4% of ...
-
Article
Pensions Management Institute appoints new president
The Pensions Management Institute (PMI) has appointed Paul Couchman, managing director at Premier Pensions (pictured), as its new president.He will take over from the current president, Susan Andrews, partner at Pinsent Masons, on 18 July 2013. Gerry Degaute of the Royal Mail Pension Plan and re-elected Susan Smith, joint head ...
-
Article
LEBC Group partners Aviva for auto-enrolment product
LEBC Group has partnered Aviva to create an online auto-enrolment product.The independent financial adviser and employee benefits consultancy’s aeComply draws on the functionality of Aviva’s online Auto-enrolment Manager for Employers (AME) hub-based product, which can operate across multiple providers’ pension schemes.The product enables employers to manage their long-term compliance requirements, ...
-
Article
Cartwright Group acquires pensions arm of Gallagher Benefits Consulting
Cartwright Group Actuaries and Consultants has acquired the trust-based pensions business of Gallagher Benefits Consulting.The acquisition expands the number of staff within the group to 60, boosting the actuarial team to 16.Ian Cartwright, chairman and managing director at Cartwright Group, said: “We have had a professional association with the Gallagher ...
-
Article
More than 300,000 staff auto-enrolled into workplace pensions
More than 300,000 UK employees have been automatically enrolled in to a workplace pension scheme in the first six months of pensions auto-enrolment, according to The Pensions Regulator (TPR)’s first registration report.TPR will publish these updates on a monthly basis, derived from information submitted by employers when they register, which ...
-
Article
Cyclescheme partners Paralympian Sarah Storey
Cyclescheme has partnered with multiple gold medal-winning Paralympic cyclist Sarah Storey.The four-year partnership will see Storey promoting the bikes-for-work provider’s Challenge Yourself campaign, which encompasses a number of cycling initiatives, such as the first National Cycle to Work Day on 12 September 2013. The event has been created to highlight ...
-
Article
Youforce launches mobile HR product
Youforce, the international arm of parent company Raet, has launched its mobile HR product into the UK.The software-as-a-service (Saas) platform for HR activities and talent management, can be used by employers and employees at any time on any mobile device.Its capabilities include:Enabling employees to carry out administrative tasks using self-service.Single-system ...
-
Article
Dairy Crest plugs pension deficit with cheese
Dairy Crest is to plug its defined benefit (DB) pension scheme deficit with cheese.The dairy products manufacturer, which produces brands such as Cathedral City, Clover, Country Life and Yoplait, has granted the scheme a floating charge over maturing cheese inventories with a maximum realisable value of £60 million.This is aimed ...
-
Article
Leading benefits professionals shortlisted for individual achievement at Employee Benefits Awards
Reward and benefits professionals from American Express, British Airways, City and Guilds, the Co-operative Group, JP Morgan and Royal Bank of Scotland Group have been shortlisted for the award ‘Employee benefits professional of the year’ at the Employee Benefits Awards 2013.The shortlist names the forward-thinking and leading lights of the ...
-
Article
Millennials not motivated by financial reward
The millennial generation of employees would choose flexible-working options, work-life balance and the opportunity for overseas assignments above financial rewards, according to research by PricewaterhouseCoopers (PWC) in conjunction with the London Business School and the University of Southern California.The Nextgen survey, which polled 44,000 employees, also found that millennials, those ...
-
Article
BBS Consultants and Actuaries publishes pensions auto-enrolment guide
Pensions consultancy BBS Consultants and Actuaries has published a guide designed to highlight the key practical steps around pensions auto-enrolment.The free Managing auto-enrolment: a practical guide for employers focuses on what employers need to do to prepare for, implement and manage pensions auto-enrolment, rather than detail the legislation behind it.Michael ...
-
Article
DOD’s blog: Pay a living wage so State benefits are not needed
This week the government announced that in October the minimum wage for adults will increase to £6.31 an hour and that compliance to this law will be enforced more strongly.While this is to be welcomed, I even more strongly back the Living Wage campaign which calls for a minimum hourly ...
-
Article
Tesco's pension deficit rises to £1.8bn
Tesco’s net pension deficit increased from £1,407 billion in 2011 to £1,839 billion in 2012. The retailer attributes the change, revealed in its Preliminary results 2012/13, to a reduction in real corporate bond yields leading to a fall of 0.3% in the discount rate used to measure the organisation’s liabilities. ...