All Article articles – Page 731
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Helen Duncan: Middleware is key to auto-enrolment technology
KEY POINTSOrbit is 100% automated and manages the entire auto-enrolment process.The system provides employees with access to an auto-enrolment helpdesk, including a telephone helpline.Orbit stores all auto-enrolment activity for audit purposes.The cornerstone of any successful benefits solution is always expert consultancy, and technology should allow that consultancy to be put ...
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E.On launches eyecare platform
Utilities firm E.On has launched an eyecare scheme to simplify how its 11,500 UK employees can take up the benefit.Employees can now order eyecare vouchers directly from provider Edenred via an online portal. This replaces E.On’s previous system which required staff to reclaim relevant eyecare costs through expenses.The portal enables ...
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Randstad launches multi-employer trust
Randstad is to launch a multi-employer trust to comply with its auto-enrolment duties.The recruitment firm will reach its staging date on 1 March 2013, when its 20,000 eligible agency workers will be auto-enrolled.The scheme will be provided by Now: Pensions.Ian Naylor, legal director at Randstad, said: “Our decision to appoint ...
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Pension scheme membership falls
Workplace pension scheme membership dropped to 46% in 2012, according to research by the Office for National Statistics (ONS).Its 2012 Annual survey of hours and earnings: summary of pensions results, compiled before the introduction of auto-enrolment in October 2012, found that pension scheme membership hit a 15-year low in 2012.The ...
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Most DB pensions have long-term objectives
The majority (90%) of defined benefit (DB) pension plans now have a long-term objective, compared to 60% in 2009, according to research by Aon Hewitt.Its Global pension risk survey 2013 polled 220 UK DB plans with combined membership of more than three million people and representing around £300 billion of ...
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Jamie Fiveash: Software support is vital for auto-enrolment
KEY POINTSThe B&CE Employer Assistance Program is designed to ensure employers make the right contributions and enable them to download employee communications.The Employer Assistance Program is one of a range of tools B&CE provides to help employers comply with auto-enrolment.To date, 130 of B&CE’s existing and new, larger employer customers ...
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Morten Nilsson: How to navigate the auto-enrolment maze
KEY POINTSAuto-enrolment is a complex assignment that can expose employers to financial and reputational risk.Now: Pensions is an occupational pension scheme that has been designed to support employers of all sizes.Now: Pensions can also provide simple, low-cost life insurance for employees at competitive rates.Auto-enrolment is a complex assignment which, if ...
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Nick Oram: Take auto-enrolment one step at a time
KEY POINTSStar delivers a step-bystep consultancy programme for auto-enrolment.Enrich can incorporate middleware into a Star package.Compliance is continuous throughout Enrich’s auto-enrolment solutionsAuto-enrolment requires UK employers to auto-enrol all eligible employees into a qualifying pension scheme if they are not already a member. The largest employers, those with 120,000-plus employees, began ...
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Matt Waller: Integrated software simplifies auto-enrolment
KEY POINTSEnroller is Benefex’s purpose-built, fully-mobile software that simplifies auto-enrolment for employers and their employees.Benefex offers a compliance guarantee to help employers meet their regulatory obligations.Enroller links into RewardHub, Benefex’s reward and benefits software.Auto-enrolment is a potentially hazardous minefield for the uninitiated employer, because of the complex requirements involved in ...
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John Lawson: Tool fixes auto-enrolment compliance
KEY POINTSFines of up to £10,000 a day for auto-enrolment non-compliance are serving to focus employers’ minds.Aviva believes its Automatic-Enrolment Manager for Employers (AME) is one of the most complete compliance tools on the market.AME can also be used by HR and finance departments to model and control their overall ...
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Clare Bettelley: Auto-enrolment success depends on preparation
If I had a pound for every employer that has told me that, with hindsight, they would have allowed much more time to plan and execute their auto-enrolment strategy, I would be rich.Employee communications seem to be dominating many employers’ auto-enrolment agendas because of the time these are taking to ...
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Lynn Graves: All-in-one platforms can handle auto-enrolment
KEY POINTSScottish Widows’ AssistMe enables employers to manage their workforce’s pensions through a single interface, which can be integrated with their own systems.Professional advisers can access AssistMe to help manage employers’ compliance requirements.There is no extra cost for AssistMe; it is part of Scottish Widows’ pension administration services.Scottish Widows launched ...
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Clare Abrahams: Portal and expertise help auto-enrolment task
KEY POINTSLorica’s Simplicity solution is a technology portal combined with consultancy expertise.The Simplicity technology offers a secure, one-stop auto-enrolment portal that ensures employers stay up to date with compliance duties.Lorica can also work alongside employers’ existing providers.Every UK employer should be aware of auto-enrolment by now. Yet, in the lead-up ...
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Employers shift compensation focus to longer-term reward
Last month, UBS became one of the latest employers to do so. The bank’s Fourth quarter 2012 report outlined measures to enable staff to bene?t from its long-term success.These include the introduction of multi-year performance conditions on equity-based deferred compensation and a reduction in the maximum amount of immediate cash ...
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Auto-enrolment forces more budget cuts
This was a rise of three percentage points on the proportion of delegates that said the same at the 2012 summit.A further 8% of delegates said they had not yet cut their bene?ts budget, but were considering doing so. No delegates at the 2012 summit, when this research was last ...
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Employee Benefits Summit 2013 will take place in Spain from 25-27 June 2013
The Employee Benefits Summit brings together the most influential benefits professionals, providers, consultants, commentators and industry experts to discuss the future of the industry. This event was launched in 2006, and has become a highly inspirational annual event to attend.View full details: Employee Benefits SummitAfter the success of 2012, the ...
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Duncan Brown: Reward must re?ect the right behaviour
First, last month Robert Francis QC published the report of the Mid Staffordshire NHS Foundation Trust public inquiry on the suffering of patients at Mid-Staffordshire hospital, with 290 recommendations to improve care and the ‘self-serving’ NHS. Health secretary Jeremy Hunt promised a tough new inspection regime, while prime minister David ...
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Jennifer Mead joins Matchtech
She previously spent seven years as HR manager at law ?rm D Young and Co.Other past roles include HR consultant at the Australian Broadcasting Corporation, HR specialist in various roles in China, and HR specialist at Convergys.Mead is one of Employee Bene?ts’ Hot 100 bene?ts managers 2013.
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Debbie Lovewell: Engaged staff can promote benefits value
I was speaking to a family friend recently who described the fantastic range of bene?ts they were offered by their employer. This friend had joined their current employer later in their working life from a completely different industry, where they had been offered little in the way of bene?ts. So ...
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Staff changes at Sainsbury’s
Charlotte Partridge has been appointed bene?t and reward policy manager, Angie Risley (pictured) group HR director and Peter Hallard head of learning and development.Partridge’s previous roles with the supermarket chain include HR clerk, store trainer, and assistant personnel and training manager. She has been a bene?ts adviser since 2011.Risley was ...