All Article articles – Page 719
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BHSF partners Torquil Clark for auto-enrolment product
BHSF has partnered with financial planners Torquil Clark to offer an auto-enrolment product to employers.The employee benefits provider and health insurer has around 3,000 employer clients, the majority of which fall into the small and medium-sized enterprises (SMEs) bracket and the auto-enrolment staging window of 2013/2014.BHSF will offer employers access ...
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Mills and Reeve streamlines three pension schemes
EXCLUSIVE: Mills and Reeve has streamlined its three pension schemes ahead of its October 2013 auto-enrolment staging date.In March 2012, the law firm began a review of its pension provision and opted to streamline its three defined contribution (DC) pension schemes, one stakeholder and two group personal pension (GPP) plans, ...
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KFC launches total reward platform
EXCLUSIVE: Kentucky Fried Chicken (KFC), part of Yum! brands, has launched an online total reward platform for its 10,000 employees, a flexible benefits scheme for its 1,000 salaried employees, and will roll out a defined contribution (DC) pension scheme for its 9,000 weekly-paid staff to comply with its auto-enrolment obligations.The ...
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Paddy Power to introduce new L-tip
Paddy Power has asked its shareholders to approve the adoption of a new long-term incentive plan (L-tip) for 2013.The bookmaker’s annual report highlighted that its 2004 L-tip will expire in mid-2014. The organisation’s board has proposed the introduction of a new L-tip to replace and update it.The new L-tip will ...
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UK workers unaware of income protection options
More than half (51%) of respondents mistakenly assume their employer would pay full salary for at least three to six months in the event of an illness that prevents them from working, according to research by think tank Demos.The research, Investigating how to protect financial wellbeing during times of austerity, ...
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Green fleet targets on the rise
The proportion of organisations setting green fleet targets increased significantly between 2011 and 2012, according to research by Alphabet.The Alphabet fleet management report 2012, which surveyed 250 UK fleet managers, found that 83% of public sector respondents have now set green fleet targets, up from 67% in 2011, while 79% ...
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Ernst & Young and Mitie are top employers for women
Ernst and Young, Mitie and Nationwide Building Society are among the employers that have been named in The Times’ Top 50 Employers for Women 2013.The list, which is compiled in partnership with Opportunity Now the gender equality campaign from Business in the Community, identifies and celebrates employers that can demonstrate ...
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EIOPA publishes research on default investment funds
Default investment funds are used by only 50% of members’ pension schemes, according to research by the European Insurance and Occupational Pensions Authority (EIOPA).The survey, which was conducted as a follow-up to EIOPA’s advice to the European Commission on the review of institutions for occupational retirement provision (Iorps), looked into ...
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Pimlico Plumbers decorates fleet with Thatcher
Something for the weekend…Cards and flowers are usually used to show affection for a recently deceased loved one, but Pimlico Plumbers’ 200-strong fleet carried an image of Baroness Margaret Thatcher as a mark of respect on the day of the former prime minister’s funeral.The plumbing organisation was founded by patriotic ...
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More DC pension savers than DB pension savers
More people save into defined contribution (DC) pension schemes than defined benefit (DB) pension plans in the UK, according to figures by the Office for National Statistics.Its Pension trends, chapter 10: saving for retirement, 2013 edition showed that in 2008/2010, for UK households with pension savings, 46% saved into a ...
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DWP confirms small pots transfers
The Department for Work and Pensions (DWP) has confirmed its plans to make it easier for employees to take their workplace pension scheme with them when moving jobs.Its pot-follows-member model, which was first published in July 2012, will mean that over an employee’s working life any pension pots of less ...
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HMRC confirms VAT payable on contract-based pensions
Consultants that advise and assist employers with the setting up and administration of contract-based defined contribution (DC) pension schemes, including group personal pension (GPP) plans, stakeholder schemes and group self-invested personal pensions, must charge standard-rate value-added tax (VAT) to employers on services provided to them in return for consultancy charges ...
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Sainsbury’s looks to close DB pension scheme
Sainsbury’s has launched a two-month consultation with staff on proposals to close its defined benefit (DB) pension scheme to future accrual.The scheme was closed to new entrants in 2002. The proposed changes will affect less than 10% of the supermarket chain’s 150,000 UK employees.Sainsbury’s also offers all its employees access ...
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Kärcher encourages cash plan take up
EXCLUSIVE: Kärcher UK has issued new communications to its 230 employees to remind them about their health cash plan.Between 1 July 2012 and 1 February 2013, 97 employees at the cleaning equipment manufacturer made a claim through the plan.As a result, Kärcher UK wanted to ensure its employees were taking ...
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Tusker staff lower fuel consumption of company cars
Tusker staff have seen fuel consumption fall by 12% since they began taking part in an eco-driver training initiative.The Smarter Driving initiative, which is provided by Energy Saving Trust (EST), was run to ensure that the fleet provider’s employees were up to speed with the latest thinking on efficiency and ...
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Employers unprepared for car tax changes
Nearly half (48%) of employer respondents said their organisations are unprepared for the changes to company car taxes that came into effect on 1 April, according to research by LeasePlan.The research, which surveyed 350 senior managers with decision-making responsibility around company cars, found that 51% of respondents said the tax ...
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Canada Life moves to electronic claims forms
Canada Life started to accept electronic employer claims forms for its group income protection and group critical illness contracts from 1 April.Previously, employers had to complete the claims forms manually and send it via post. The new electronic system will save employers time and administrative effort, as well as getting ...
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Federation of Small Businesses offers members health services
The Federation of Small Businesses (FSB) has signed a three-year contract with Jelf Employee Benefits to offer its 200,000 member organisations access to discounted health and wellbeing services.The FSB’s small business owners, managers and their employees will have access to lower premiums for private medical insurance (PMI), hospital treatment insurance ...
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Close Brothers launches default pension investment funds with Scottish Widows
Financial services provider Close Brothers Asset Management (CBAM) has launched a range of default investment funds in partnership with Scottish Widows. The SW Close Governed Portfolio Funds range builds on CBAM’s existing corporate pension products, with the aim of making workplace pension investing as simple and as affordable as possible.All ...
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Bromford Group closes career-average pension
EXCLUSIVE: Bromford Group has closed its career-average revalued earnings (Care) pension scheme to new members as it streamlines its pension offering and focuses on communicating auto-enrolment to staff.The social housing organisation previously had five pension schemes available to its 1,300 staff, comprising two local government pensions, two defined benefit (DB) ...