All Article articles – Page 797
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CIPD conference: G4S structures pay policy from the top down
Executive employees at security services firm G4S have proposed a pay freeze for themselves during 2012.This is the second time they have done so, following a previous freeze in 2009, demonstrating the organisation’s top-down approach to pay policy, said Matthew Davies, group compensation and benefits manager at G4S.Speaking at the ...
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CIPD conference: University of Cambridge to add benefits to encourage staff to work longer
The University of Cambridge is to look into adding new benefits to help its employees prepare to work longer.The additional benefits could include a voluntary benefits scheme, with products geared towards welfare, such as disability benefits, dental insurance and life insurance.The university will also consider introducing contributions towards long-term care, ...
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EXCLUSIVE: AYMTM introduces summer boot camp and relaunches bikes-for-work scheme
Motivation firm AYMTM has introduced a summer boot camp, a monthly social gathering, and re-launched its bikes-for-work scheme to reinforce its health and wellbeing commitment to staff.The bikes-for-work scheme, provided by P&MM Employee Benefits, has been in place for four years. The re-launch incorporates the option for staff to participate ...
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Babcock International to pay £93m into DB schemes
Babcock International will pay total cash contributions of £93 million into its defined benefit (DB) pension schemes in 2012/13.In its full year results for the year ended 31 March 2012, published on 15 May, the engineering firm said that £56 million of the total is in respect of the cost ...
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Ceridian UK to launch products for pension reforms
Ceridian UK is to launch a series of products to help large employers manage the cost of the pension reforms, which are due to come into effect from 1 October 2012.The products include software that will identify and enrol relevant employees into a chosen pension scheme, ease communication and administration, ...
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Code of conduct on pension charges to be created
Moves have been made to launch an industry-wide code of conduct on pension charges to help employers to choose the best pension for their staff.A group of employer representatives, pension industry members, union and consumer groups and pension providers has launched a public consultation seeking views on the parameters of ...
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Lloyds Banking Group renews share scheme contract
Lloyds Banking Group has renewed its contract with Equiniti Group for the provision of employee share schemes, flexible benefits and investment services.Equiniti Group’s Xafinity Paymaster business will also continue to provide the banking group with pension scheme administration services.Mark Swyny, practice management director, group sourcing at Lloyds Banking Group, said: ...
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EnergiseYou launches employee health and energy check
Employee wellbeing firm EnergiseYou has launched an online health questionnaire to help employees monitor and optimise their energy levels.The check focuses on EnergiseYou’s seven habits for health, energy, happiness and performance. It is based on an approach to mind management and resilience, nutrition, exercise, sleep, re-energising staff, smart computer use ...
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DB deficit payments could reach £100bn by 2015
The trustees of defined benefit (DB) pension schemes could receive more than £100 billion in deficit reduction payments from employers over the next three years, according to research by Pension Corporation.The future of pension schemes 2012 survey, which polled more than 170 trustees and pension professionals representing aggregate liabilities of ...
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Levels of sickness absence down in 2011
The number of UK employees without sickness absence increased to 51% in 2011, up from 46% in 2010, according to research by manufacturers’ body the EEF and health cash plan provider Westfield Health.The EEF/Westfield Health 2012 annual sickness absence report attributed the decrease to the steps that employers have taken ...
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Auto-enrolment will offer business opportunities to advisers
Almost three-quarters (72%) of group risk advisers believe that auto-enrolment will present them with new business opportunities, according to research by Canada Life Group Insurance.The research of 100 group risk intermediaries found that 68% of respondents believe that organisations will review their benefits on offer to staff as they prepare ...
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Barclays Corporate and Employer Solutions launches corporate wealth advisory team
Barclays Corporate and Employer Solutions (C&ES) has launched a corporate wealth advisory team to complement its existing employee benefit consulting team.The corporate wealth advisory team will support entrepreneurs and small and medium-sized enterprises (SMEs) to manage the risks related to their most valuable employees as their businesses grow.The team, which ...
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Five-year-old artist earns thousands
A five-year-old girl Australian girl who has already earned more than £100,000 from her paintings, may have unrealistic expectations of the future benefits packages she will receive from employers.However, the money Aelita Andre earns is being put in a trust fund, meaning the youngster has already experienced the concept of ...
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Employee Benefits wins second Excellence in HR Journalism award
if (window.adgroupid == undefined) { window.adgroupid = Math.round(Math.random() * 1000); } if (window.alias == undefined) {var alias = 'Def'; } document.write('');Debbie Lovewell, deputy editor of Employee Benefits, won 'Employee Benefits and Pensions Journalist of the Year' at the Towers Watson Excellence in HR Journalism Awards 2012.This is the second year ...
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More than 300 extra employers to join real-time information pilot
A further 310 employer schemes are to join the real-time information (RTI) pilot following its launch last month.The additional employers will join the pilot between 8 May and the end of June 2012.More than 100,000 employee records have been successfully received by HM Revenue and Customs (HMRC) since 10 volunteer ...
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Lakeshore TolTest enhances medical assistance for overseas staff
Construction and environmental firm Lakeshore TolTest has enhanced the medical care provided to its network of more than 300 overseas employees.It has appointed Healix International to provide medical assistance, which includes evacuation services, to Lakeshore TolTest employees based in a number of countries, including Afghanistan and Iraq. Healix International was ...
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Pay growth grinds to a halt for NHS senior executives
Pay growth for senior NHS board directors has ground to a halt with pay for chief executives frozen over the last year, according to figures from Incomes Data Services (IDS).The NHS boardroom pay report showed that the median total pay for chief executives across all English NHS trusts during the ...
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The Queen's Speech: Single-tier state pension moves a step closer
The government’s proposal for a new single-tier statement pension was included in the Queen’s Speech.The single-tier state pension, announced in the Budget Report, will be set at around £140 a week.During her speech the Queen said: “My government will bring forward measures to modernise the pension system and reform the ...
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Pension and Benefits Services selects Xafinity Claybrook’s software
Third-party pension administrator Pension and Benefits Services has selected Xafinity Claybrook’s Compendia software platform for its pension administration and management.Pension and Benefits Services is currently transferring the employers currently on its books and will place all future ones onto the Compendia system.The system enables employers to use integrated workflow processes ...
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The Queen's Speech: Shareholders to be given more power to reject excessive executive pay deals
The government is set to bring in legislation to strengthen shareholders’ power to reject excessive boardroom pay packages.It is planned that the measure, outlined in the report Executive pay: Consultation on enhanced shareholder voting rights, will be brought in under The Enterprise and Regulatory Reform Bill. Final details on the ...