All Article articles – Page 750
-
Article
TUPE regulations to be reviewed
Autumn Statement 2012: The government will shortly launch a consultation on TUPE regulations. The proposals will removeunnecessary burdens on business.
-
Article
Greene King closes DB schemes
Greene King has closed its three defined benefit (DB) pension schemes to future accrual.During the period covered by its half-yearly report, Interim results for the 24 weeks to 14 October, the pub retailer and brewery consulted with the remaining active members of its DB schemes.The schemes were then closed to ...
-
Article
John Lewis launches holiday benefit
EXCLUSIVE: The John Lewis Partnership (JLP) has launched a discounted holiday and travel benefit for its 80,000 employees.Employees can access a dedicated website through John Lewis’ company intranet site that links to discounts from Tui Travel.Since the perk was introduced in mid-November, 1,000 employees have registered on the site. These ...
-
Article
Employee-owner scheme given go ahead
The government has announced it will go ahead with its plans for an employee-owner scheme.The scheme, which was announced by Chancellor George Osborne on 8 October, would require employees to give up employment rights, such as wrongful dismissal, the right to redundancy pay and the right to ask for flexible ...
-
Article
Heineken and RSA manage DB pensions risk
Heineken and RSA have introduced a risk management platform to manage their defined benefit (DB) pension scheme risk.The technology platform, PFaroe, is provided by PensionsFirst.International brewer Heineken will use the technology to manage its £2.5 billion in UK DB pension obligations, while global insurance organisation RSA will use it to ...
-
Article
Autumn Statement summary to come
The Employee Benefits’ team will be reporting on the Autumn Statement this afternoon.Stay tuned for breaking news and an email alert summarising all announcements that impact on reward and benefits.
-
Article
Starbucks makes changes to staff benefits
Starbucks’ employees have been asked to sign revised employment terms, which include the addition of a contributory pension scheme, the removal of paid lunch breaks, and changes to sick leave and maternity benefits.The changes will affect around 7,000 staff at 750 UK coffee shops.A consultation with peer-selected employees from across ...
-
Article
UK pay stagnates for entry-level and clerical roles
Average pay for UK employees in clerical and entry-level professional roles stagnated in 2012, while more experienced professionals saw average pay rises of 6%, according to research by Towers Watson.Its Global 50 remuneration planning report provided a breakdown of pay movements by job level, looking at the pay and benefits ...
-
Article
Aon Hewitt adds to flexible benefits team
Aon Hewitt has appointed Andrew Woolnough client development director, benefits administration, in its flexible benefits team.Woolnough moves to the consultancy from his previous role as head of flexible benefits at Enrich Reward. He has worked in reward and flexible benefits for more than 10 years.Prior to Enrich, he was partner ...
-
Article
More pension funds engaging with stewardship
More than seven out of ten respondents (71%) took stewardship activities and policies of asset managers into account when selecting them, according to research by the National Association of Pension Funds (NAPF).The NAPF Annual engagement survey found that the number of respondents considering stewardship activities increased from 48% in 2011 ...
-
Article
Employers adopt real-time information early
Business software provider M-hance has run real-time information (RTI) pilots with five employers to prepare them for the incoming regulations.The early-adopter organisations are A. Andrews and Sons, AD Group, Edburton Contractors, Norking Alluminium and Randall Orchard.M-Hance has also updated its payroll software to ensure it is compliant with RTI, ensuring ...
-
Article
William Grant and Sons raises staff engagement
EXCLUSIVE: William Grant and Sons has increased employee engagement with its reward package over the past two years.The majority (86%) of the distillery’s 1,600 staff participated in its employee engagement survey, provided by Towers Watson.In the reward category, William Grant and Sons’ results have risen six percentage points since 2010. ...
-
Article
Blue Arrow selects plan for auto-enrolment
The Blue Arrow Group has appointed a provider for its auto-enrolment pension scheme.The recruitment firm, which has 30,000 employees, will provide eligible staff with the multi-employer trust from Now: Pensions from its staging date in January 2013.Mark Manaton, managing director at the Blue Arrow Group, said: “Now: Pensions’ Trust is ...
-
Article
Executive pay increases while other salaries stagnate
Executive pay has increased by an average of 12%, while the pay of British workers has stagnated across the economy, rising by an average of just 2.8%, according to research by the High Pay Centre.In its research, The state of pay, the independent think tank said the deals were part ...
-
Article
Scottish Life launches auto-enrolment product
Scottish Life has launched its auto-enrolment product, which is based around three core phases: the design, the implementation and the ongoing running of an auto-enrolment-compliant pension scheme.The design element includes the assessment and modeling of options for pension scheme design; the implement element includes project planning and support with implementation; ...
-
Article
Tax legislation for share plans set out
The government has published draft tax legislation around share schemes, which will be included in the Finance Bill 2013.This includes measures announced in, and following, the March 2012 Budget and the Autumn Statement announced in December 2012. It is open for technical consultation until 6 February 2013.The measures include:Changes to ...
-
Article
Ocado launches online reward portal
EXCLUSIVE: Ocado is to replace its benefits booklet witth an online reward portal to increase staff perception of the benefits package.Under the overarching umbrella of OcadoRewards, the portal will have three separate streams: OcadoBenefits, which lists the core benefits, such as its pension, share scheme, healthcare, life insurance and critical ...
-
Article
Gender pay gap widens for working parents
The average pay gap between men and women is greater in families with one or more children, according to research by the Organisation for Economic Co-operation and Development (OECD).Its Closing the gender gap: act now report found that, in OECD countries men earn on average 16% more than women in ...
-
Article
William Russell enhances global PMI products
William Russell has increased the options available on its international private medical insurance (PMI) products.From January 2013, members of its gold and silver plans will be able to claim back the cost of health checks and vaccinations of their choosing. Gold plan members will also be able to claim an ...
-
Article
Ernst and Young named inclusive employer
Ernst and Young has been named one of the UK’s most admired employers for its approach to diversity and inclusiveness, according to a report by the Chartered Institute of Personnel and Development (CIPD) and Bernard Hodes.Respondents to the Diversity and inclusion – fringe or fundamental? report also named BT, Barclays, ...