All Article articles – Page 718
-
Article
Young employees plan to save more for retirement
Young employees are more engaged with pensions than older colleagues and plan to save more, according to research by the National Association of Pension Funds (NAPF).The NAPF workplace pensions survey, which had 2,050 respondents, found that more than half (53%) of those aged 25 to 34 intend to increase the ...
-
Article
Disability charity selects pension consultancy
The Queen Elizabeth’s Foundation (QEF) for Disabled People has appointed Premier to provide actuarial, consultancy and administration services for its defined benefit (DB) pension scheme.Its DB scheme has 600 members and assets of £24.5 million.Gary Allcott, deputy chief executive and finance director at QEF, said: “Premier was selected for a ...
-
Article
Pay by performance still common practice
Pay differentiation, the practice of varying pay awards for employees, is common practice in 93% of UK organisations surveyed, according to research by Towers Watson.The research, which surveyed 124 UK organisations, found that base pay rises were 67% higher, on average, for employees identified as high performing.Respondents with pay budgets ...
-
Article
East Cheshire NHS Trust outsources HR services
East Cheshire NHS Trust has outsourced its HR shared service centre.The trust has awarded a four-year, single-supplier contract to Arvato UK and Ireland, under which Arvato will acquire and operate the trust’s Cheshire HR Service.It will provide payroll administration, learning and development and HR consulting.The deal will enable Arvato to ...
-
Article
Stormfront launches computer scheme
Stormfront, the Apple reseller, has launched a computer scheme for employers to offer staff.The scheme, which is available via a salary sacrifice arrangement, offers access to Apple reseller’s range of products, including Mac computers, iPads and iPods. Stormfront will create a bespoke branded website fo employers.Employees can also access Stormfront’s ...
-
Article
BG Group looks to close legacy DB pension schemes
BG Group has proposed closing its legacy UK defined benefit (DB) pension schemes to future accrual from 1 December 2013.In its Annual report and accounts 2012, the utilities company proposed the closure of its BG Pension Scheme (BGPS) and BG Supplementary Benefits Scheme (BGSBS), subject to the outcome of statutory ...
-
Article
Civil servants strike over pay and pensions
Nearly 250,000 civil service employees who work for HM Revenue and Customs (HMRC), the Valuation Office, the Home Office and the UK Border Agency will take strike action today to protest cuts to their pay, pensions and working conditions.This HMRC and Valuation Office members will also hold a half-day strike ...
-
Article
Round-up of tax and legislation changes coming in from 6 April
A number of tax and legislation changes that come into effect from 6 April 2013 will have an impact on employee benefits.Real-time information (RTI) reporting begins.From 6 April, employers will have to start reporting pay-as-you-earn (PAYE) information to HM Revenue and Customs (HMRC) in real time. Employers with fewer than ...
-
Article
University of Leicester appoints pension adviser
The University of Leicester Pension and Assurance Scheme has appointed Aon Hewitt to provide a range of actuarial advice and pension administration services.The defined benefit (DB) pension scheme has approximately 2,200 members and assets of around £110 million.John Holloway, chairman of the trustees at the University of Leicester Pension and ...
-
Article
DOD’s blog: Tweak while you work
I am pleased to see that the government is consulting on tweaks to its auto-enrolment legislation.Although many of the proposed changes were foreseen many months ago, that is no reason to delay putting them in place now.There are already fears of a provider crunch by the end of this year, ...
-
Article
Is this the best office in the world?
Something for the weekend …A ‘helter-skelter’ slide, a grass-covered amphitheater, a yoga area, a pool table, a putting green, a giant swing and a cinema …Is this the best office in the world?Designers Space and Solutions have transformed a former pub in Southampton into office space for technology organisation Peer ...
-
Article
Government criticised for state pension changes
The key to the successful implementation of the single-tier state pension lies in the government informing the public as soon as possible about how it will impact individuals, according to a report by the Work and Pensions Select Committee.In its Single-tier state pension: part 1 of the draft pensions bill, ...
-
Article
Stagecoach drivers to receive cycling training
Stagecoach London has developed a training programme for its bus drivers to help them to emphasise with cyclists and understand how to minimise the risk of sharing the road.The programme, in conjunction with Cycle Training UK, follows the implementation of a bikes-for-work scheme by the employer in 2012. A total ...
-
Article
Employers create project teams for auto-enrolment
More than half (70%) of respondents have set up a project team for auto-enrolment, up from the 50% that had done so in 2012, according to research by the Chartered Institute of Payroll Professionals.Its second Research paper to understand business readiness for automatic enrolment, published this week, had 95 respondents ...
-
Article
Computershare Voucher Services launches voluntary benefits
Computershare Voucher Services (CVS) has partnered Salary Exchange to offer supplementary voluntary benefits to its employer clients.Computershare Salary Extras was created in response to employers repeatedly asking CVS for extra benefits to support their employees.The new benefits are designed to be available via salary sacrifice arrangements.From 1 March 2013, the ...
-
Article
UK staff have low pay rise expectations
UK employees have the lowest pay increase expectations of any workforce around the world, according to new research by the Corporate Executive Board (CEB).Its Global labour market survey: a view of Q4 2012 workforce trends, which polled 18,000 employees, found that the UK was followed closely by Belgium, France and ...
-
Article
Employees feel demotivated in the workplace
More than half (53%) of UK business leaders are generating demotivating working environments, according to research by Hay Group.The research, which analysed the consultancy’s own data covering around 14,000 leaders in almost 400 UK organisations, found that this figure has fallen by 12% since similar research was published in 2005.It ...
-
Article
Standard Life pays £12m to three executives
Standard Life has increased the remuneration levels of its top three executives for 2013 after awarding them pay and bonuses worth nearly £12 million in 2012.The life company will increase the base pay of its chief executive, David Nish, by 1.9% to £790,000, its chief financial officer, Jackie Hunt, by ...
-
Article
Salary and benefits top wish list for new graduates
Salary and benefits are at the top of the wish list for graduates looking for their first employer, according to research by Ernst and Young.The research, which was conducted among 2,205 students, found that 22% of respondents ranked salary and benefits as the most important consideration when choosing a future ...
-
Article
BGL Group launches fitness initiative
BGL Group has launched an initiative to encourage its staff to be more active.The four-week Active121 programme aims to help employees complete 30 minutes’ exercise five days per week.Around 100 employees have registered for the free benefit, which includes unlimited email access to a wellbeing advisor for personal support, a ...