All Article articles – Page 799
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MetLife Assurance: Employers take primary responsibility for de-risking pension schemes
Employers have become more engaged with the management of defined benefit (DB) pension schemes and increasingly take primary responsibility for de-risking, according to research by MetLife Assurance.The research found that 61% of respondents with turnover of more than £1 million accept primary responsibility in partnership with trustees or sole responsibility ...
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EXCLUSIVE: Northern Rail increases employee engagement year-on-year
Northern Rail has increased employee engagement year-on-year, according to the results of its latest engagement survey.The train company has been conducting the survey among its 4,800 employees since 2009. It measures five engagement areas: reward, work environment, training and development, and line-of-sight (an awareness of business objectives and performance management).†In ...
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HMRC to rewrite RDR guidelines
HM Revenue and Customs (HMRC) is to rewrite its retail distribution review (RDR) consultancy charging guidelines, reports Employee Benefits’ sister publication, Money Marketing.Under the retail distribution review (RDR), after 1 January 2013, all independent financial advisers and employee benefits consultants will be remunerated on a fees rather than a commission ...
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British Nutrition Foundation launches online health and wellbeing training for employees
The British Nutrition Foundation (BNF) has launched the first module in a series of online training packages, which can be incorporated into an organisation’s health and wellbeing programme for staff.The module, ‘Introduction to healthy eating and nutrition’, can also be used as a standalone course and takes up to four ...
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Higher charges produce better pension fund returns
Paying higher charges for pension investment funds produces a better return for pension scheme members, according to research by DCisions, the consumer insight firm.The risk-adjusted performance of investment funds, grouped by fee level, indicates that lower-priced products, most of which were pure equity trackers, delivered a poorer risk/return balance than ...
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Deloitte and FirstGroup sign employees up to national fitness campaign
Deloitte, FirstGroup, A&N Media and Affinion International are among the employers to sign up to a national fitness campaign to help their employees get fit.The Stay Active 2012 Challenge, which is being run by wellness provider iGlobalWellness comprises a series of 11-week fitness challenges, which will award employees points for ...
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The Mercers' Company enters into pension scheme buyout
The Mercers' Company has entered its staff pension scheme into a buyout arrangement with the Pension Insurance Corporation.The transaction, on which Barnett Waddingham advised, covers around £35 million in liabilities and almost 150 members of the livery organisation's defined benefit (DB) pension scheme.Alexander Graham, chairman of The Mercers' Company pension ...
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40% of retirees would work past age 65
Two in five (40%) employees planning to retire this year would be happy to work past 65 if they had the chance, according to research by Prudential.The Class of 2012 survey, which looked at the finances and expectations of those planning to retire in 2012, found that 48% of men ...
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Salary sacrifice take up can be significant, says Tusker
This article is written by our channel sponsor, TuskerContrary to some reports, take up of salary car schemes IS significant and averages 8.3% among eligible employees, according to Tusker who has been running its salary sacrifice car scheme, SalarySacrifice4Cars (SS4C) for over three years.A recent survey by fleet managers’ trade ...
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Zipcar launches salary sacrifice scheme
Zipcar has launched a salary sacrifice arrangement for employers to offer to staff.The car-sharing organisation offers access to a range of low-carbon cars on a pay-as-you-go basis, for anything from one hour to a week at a time.The salary sacrifice scheme allows employees to sacrifice a specified amount of their ...
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JLT Investment Solutions launches growth fund
JLT Investment Solutions has launched a growth fund.The JLT Growth Fund will have an objective to outperform cash plus 4% after fees and with less volatility than equities.It can be used as a default fund for defined contribution (DC) pension schemes and will also be available via group personal pension ...
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Quarter of small firm respondents have not heard of group income protection
A quarter of small firm respondents have never heard of group income protection (GIP) products according to research conducted on behalf of Legal and General.The Legal and General group protection product research 2012, conducted by Reed Business Insight, also showed that of the 400 respondents, two-fifths had only heard of ...
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Majority of men still not taking parental leave entitlement
The number of men taking statutory paternity leave has increased by 14% over the last year, but this is still a small fraction of those entitled to it, according to research by international law firm Pinsent Masons.The research found that, despite the fact that the number of employees claiming statutory ...
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Majority of respondents do not know how their DC pension is invested
Nearly nine out of 10 (88%) UK adults invested in defined contribution (DC) pension schemes cannot name, or do not know, all of the funds their pension contributions are invested in, according to research by Standard Life.Its DC investments research, which surveyed 2,035 adults, also found that three-quarters (74%) of ...
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Care needed when setting up salary sacrifice schemes, says Tusker
This article is written by our channel sponsor, TuskerCompanies must take care when setting up salary sacrifice schemes to ensure they don’t take employees below the minimum wage level, says salary sacrifice car specialist, Tusker, whose market leading system has an inbuilt fail-safe to ensure employees can’t surrender too much ...
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Many business drivers would not switch to electric cars
More than half (68%) of drivers would not change their existing company car for an electric car, according to research by ALD Automotive.The research, which surveyed 1,000 employee drivers, found the main reasons for this include: a lack of suitable models on offer (60%) and a lack of charging points ...
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The Queen’s Speech: Parental leave to become more flexible
The government will bring in legislation to enable new parents to share parental leave.Under measures proposed in the Children and Families Bill, parental leave would become more flexible to enable parents to share parenting responsibilities and balance work and family commitments.Prime minister David Cameron and deputy prime minister Nick Clegg ...
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Tusker shortlisted for business excellence award
This article is written by our channel sponsor TuskerContract hire and salary sacrifice specialist Tusker has been shortlisted for a prestigious Regional Business Excellence Award for the outstanding products and services it provides to fleet customers.Tusker has been shortlisted for the award of Large Business of the Year for those ...
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Aviva introduces new option for corporate PMI schemes
Aviva UK Health has introduced a new healthcare trust option on its optimum private medical insurance (PMI) healthcare cover, called Corporate Excess.Employers choosing the new option will have a corporate excess of about 80% of the predicted claims set on the policy, from which employee claims are paid.The advantage of ...
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Vauxhall signs four-year pay deal and flexible working arrangement
Vauxhall has signed a four-year labour agreement for the 2,200 employees at its Ellesmere Port manufacturing plant in Chesire.The agreement includes a wage arrangement, which runs from 2013 to 2017. For the first two years of the arrangement, there will see a pay freeze, while the latter two years will ...