All Article articles – Page 722
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How employers are mitigating the risk of DB pension deficits
Over the past few weeks, the Institute of Cancer Research, BAE Systems and the UK Chamber of Shipping have taken up buy-ins.Jay Shah, co-head of business origination at the Pension Insurance Corporation, said: “From a value perspective, pension schemes are comparing the cost of a buy-in versus the amount of ...
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Employer communications boost auto-enrolment opt-ins
Serco Group saw 2% of staff opt in to its stakeholder scheme ahead of its staging date of 1 May 2013. It began communicating auto enrolment to its 30,000 UK staff in January 2013. This led to many calls to HR, requests for 152pension information packs and the 2% rise ...
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European Court rules out VAT exemption for DB plans
The landmark ruling upheld HM Revenue and Customs’ (HMRC) case in a legal battle with the National Association of Pension Funds (NAPF) and Wheels Common Investment Fund (WCIF).The CJEU ruled that DB schemes are not special investment funds and so are not exempt from VAT on investment management services.Jack Wheeler, ...
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Some employees not ready for RTI deadline
But not all employers have yet made the changes needed for compliance. Ellie Gamble, associate director at Grant Thornton, said: “The preparedness of employers is widely variable.“Some have been in the pilot since day one and are saying that, after a bumpy start, they are prepared for their UK populations ...
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Get set for Employee Benefits Live 2013
The show will offer more than 35 conference sessions and a huge range of exhibitors to meet all your benefits needs, as well as networking and development opportunities.More information is available here.
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Catherine Ward joins Interserve
She had previously held the role of group director, people and communications at BMI Healthcare since 2006.Ward’s other career roles include director of consultancy, SHL; HR director, production, BBC; European HR director, Sotheby’s; head of HR, Norwich Union; and executive consultant, KPMG.
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Jonathan Sparham moves to Novae
He previously spent two years at American Express as benefits manager for Europe Middle East and Africa (EMEA).His other past roles include international mobility process manager for Europe, Unilever; benefi ts manager, Convergys; compensation and benefits manager, Akzo Nobel; and compensation and benefi ts programme design manager, Procter and Gamble.
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Andrew Kinder takes EAPA chair
Kinder, chief psychologist at Atos, replaces David Smith, who has stepped down after two years in the post.
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AMUK appoints Neil Robson
His previous roles include interim head of reward, BBC; senior compensation manager, Société Générale; deputy head of reward,HSBC; head of reward and head of reward integration, Standard Chartered; and head of reward integration, American Express.
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Employee Benefits Connect: Work environment will change radically
During the closing keynote presentation at Employee Benefits Connect, Millard (pictured) said: “Choice and control are two major themes we are looking at into the future.”Work is no longer constrained to the hours of nine to five because of globalisation and the need for staff to work across different time ...
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Employee Benefits Connect: Employers must consider different generations' needs
She said employers should determine what kind of benefits tomorrow’s workers would want and how they could tailor reward systems to an ageing population.Four groups of employees, veterans (born before 1945), baby boomers (born after 1945), generation X (now in their 30s) and generation Y (now in their 20s), all ...
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Employee Benefits Connect: Esop chief criticises share scheme stance
Speaking at Employee Benefits Connect, Poole said he was worried that all the government departments involved in the employee share ownership agenda would head in different directions.“If the communication between those departments isn’t up to scratch, you risk everyone tripping over each other and nothing being achieved,” he said.Poole (pictured) ...
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Employee Benefits Connect: Auto-enrolment is just first step
Employers must think about ongoing processes, for example if there are seasonal workers who need to be enrolled later, he said.
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Employee Benefits Connect: Delegates have luck of the draw
Doug Killen, compensation and benefits manager at Dunnhumby, was the winner of £250 worth of John Lewis vouchers.Individual exhibitor stands also gave delegates the chance to win prizes and giveaways. For instance, Miriam Tapak, HR officer, pay and benefits at the Stroke Association, won a bottle of champagne in a ...
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Accolades for Employee Benefits Connect
“Just to say many thanks for organising another great event, well worth every minute out of the busy office and hectic schedule.” - Ricky D’Ash, head of compensation and benefits, Equity Insurance Group“Thank you, Debi, Debbie and all the Centaur team. An excellent, thoughtprovoking day.”- Ashleigh Witcher, senior benefits and ...
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Debi O'Donovan: Three most important things to do with benefits
Although I have written and spoken on the topic for 15 years, looking directly at the coalface is a very different matter. I resisted the temptation to list all the benefits I would like, although I could not resist asking why we still did not use pensions salary sacrifice. Instead, ...
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European politicians vote on bankers' bonus caps
The cap will limit bankers’ bonuses to one-time salary, or two-times salary if a majority of shareholders agree. There will be some leeway for long-term incentives, although the details of this are still to be agreed by the European Banking Authority.The preliminary agreement will be put to a vote on ...
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Sally Gunnell: Should employers encourage staff to take up fitness activities?
The only question is: which are the best schemes for improving engagement and making a positive impact on absenteeism, presenteeism and productivity?Fitness is coming to the fore in the prevention and treatment of many health and wellbeing problems, just as public and medical opinion is converging on more holistic approaches.The ...
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Pam Whelan: How to create a dental plan
Dental is one of the fastest-growing employee benefits, so it is important for employers to keep up to date with the latest dental news. This will help them provide the best market knowledge and understanding to their staff.According to a Denplan/YouGov online survey of 4,116 UK adults, conducted in January ...
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Clare Bettelley: Share health management
The first step for employers is to identify and assess their employees’ health risks, including cancer, stress or musculoskeletal disorders. What are the risks, who are they impacting and what is the cost to their business?Employers should then strive to understand the health risks from their employees’ perspective, which is ...