All Article articles – Page 783
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British public unaware of auto-enrolment
Only 19% of the British public are aware of auto-enrolment, according to research by Aon Hewitt.The research, carried out by YouGov, found that those already in workplace pension schemes were more likely to have heard of auto-enrolment (37%), while only 16% of those who are not currently part of a ...
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64% of respondents do not offer retirement support to staff
Almost two-thirds (64%) of employers do not offer tailored retirement support to employees, according to research by Aviva.Its Real retirement report, which surveyed 13,610 UK employees aged over 55, found that, among those 36% who did receive support, 70% found it useful.Nearly a quarter (23%) said it played an important ...
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Specsavers launches sight check application
Specsavers Corporate Eyecare has launched an application (app) called Sight Check, which is designed to help employees engage with their eye health.The app, which is free to download, includes a series of tests. If the employee requires a full eye examination at the end of the test, they †can book ...
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National Audit Office publishes report on the regulation of DC pension schemes
The National Audit office has published a report on the regulation of defined contribution (DC) pension schemes, which has concluded that there is insufficient accountability to ensure that the regulatory system delivers value for money.The report:Highlights the taxpayer’s substantial interest in the effectiveness of pension regulation. The trend towards DC ...
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Southern Railway staff accept Olympic bonus
Southern Railway employees have voted to accept a recognition and reward deal, which will see staff receive a basic bonus payment of £300 during the Olympics.The total reward package, which includes an additional £28 per day available for rest day and Sunday working and £50 for additional late night turns, ...
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Administration is key auto-enrolment concern
A majority (92%) of employers said the administration of auto-enrolment is a key concern in relation to the incoming pension duties, according to research by Staffcare.The research, which surveyed both employers and advisers, found that 70% of advisers plan to use a specialist external system to handle the ongoing administration ...
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CIPD launches stress management tool for managers
The Chartered Institute of Personnel and Development (CIPD) has launched a free online stress management tool to help managers deal with and prevent stress among their staff.The tool, which was developed with the Health and Safety Executive (HSE), is designed to help managers understand how their own behaviour can affect ...
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Aon Minet enters into pension insurance buy-in
Insurance brokers Aon Minet has entered into a pension insurance buy-in agreement with the Pension Insurance Corporation (PIC).The £100-million transaction covers around 25% of its pensioners’ liabilities.Robert Dickinson, chairman of the trustees at Aon Minet, said: “This buy-in agreement with PIC is very important to us as we move to ...
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Land Securities proposes to clawback executive pay structure
Land Securities has proposed to withdraw its discretionary and additional bonuses after a full review of its executive remuneration policy.The commercial property group, which announced the proposals in its 2012 annual report, undertook the review with independent advisers New Bridge Street.The firm’s current policy for discretionary bonuses is up to ...
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Edenred acquires Japanese and Brazilian voucher providers
Edenred has acquired two voucher providers, growing into Japan and expanding its position in Brazil.The employee benefits provider has acquired Barclay Vouchers, a Japanese meal voucher provider, and Comprocard, a Brazilian food voucher provider.Barclay Vouchers works with more than 600 employers. Laurent Pellet, chief operating officer for Edenred Asia-Pacific, said: ...
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Carey Pensions launches master trust pension scheme
Carey Pensions has launched a master trust defined contribution (DC) pension scheme ahead of auto-enrolment.The pension provider, which already offers a master trust self-invested pension plan (Sipp) administers pensions for more than 10,000 members.Read also The appeal of master trust pension schemesRead more articles on master trust pension schemes
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Payroll departments to lead auto-enrolment implementation
Almost half (40%) of respondents said their payroll departments will take the lead in the implementation of auto-enrolment, according to research by The Chartered Institute of Payroll Professionals (CIPP).The CIPP research paper to understand business readiness for automatic enrolment found that 29% of respondents said their HR department would take ...
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Attorney asks for trial to be a moveable feast to attend Hemingway contest
However keen employers are to promote a good work-life balance among staff, scheduling holidays around business needs can be tricky at times, and in some cases, simply not possible.Attorney Frank Louderback experienced just this when he asked for a murder trial to be suspended so he could enter an Ernest ...
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The Takeover Panel publishes proposals to protect pensions during acqusitions
The Takeover Panel has published a consultation on proposed changes to the Takeover Code, which would compel organisations that launch a takeover bid to disclose their plans for the target organisation’s pension scheme.The proposals would ensure that the provision of the Takeover Code, which relate to the employees of the ...
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Quorum Business Park awarded for sustainable travel benefits
Quorum Business Park has been recognised at the Business in the Community’s (BITC) Awards for Excellence in the Ways2Work category, for its promotion of better ways of working and better ways of traveling to work.The Newcastle-based business park, which includes organisations such as Balfour Beatty, Convergys, HM Revenue and Customs, ...
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FTSE 350 DB pension deficit increased in June
The accounting deficit of defined benefit (DB) pension schemes in the UK increased marginally over the month of June, according to research by consultancy Mercer.Its Pensions risk survey found that the estimated aggregate IAS 19 pension deficit for the DB schemes of FTSE 350 companies stood at £73 billion at ...
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National Union of Mineworkers de-risks pension scheme with buy-in
The National Union of Mineworkers’ (NUM) has entered into a pension insurance buy-in to manage the risk of its defined benefit (DB) pension scheme.The transaction, which will secure pensioner liabilities and reduce risk for the scheme, was advised by trustee Barnett Waddingham and conducted by Metlife Assurance.The NUM scheme’s investment ...
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UK rises in European earnings league table
The UK has risen from 18th to 14th place in the European earnings league table over the last year, according to research by the Federation of European Employers (Fedee).Its latest review of pay, Pay in Europe 2012, which covers 47 European countries and territories, found that the median gross hourly ...
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CIPD and KPMG launch online guide to auto-enrolment
The Chartered Institute of Personnel and Development (CIPD) has partnered with professional services firm KPMG to launch an online guide to auto-enrolment to help organisations deal with the impending changes in workplace pension schemes.The CIPD has also launched a jargon buster to provide clear explanations of the terms used around ...
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More employers making plans for auto-enrolment
The number of employers that have started planning for the implementation of auto-enrolment has risen from 60% in 2011 to 83% in 2012, according to research by consultancy Aon Hewitt.Its Benefits administration survey 2012, which polled more than 320 pensions, compensation and benefits managers, found that 13% of organisations have ...