All Article articles – Page 803
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B&Q managers to receive £45,000 each as share scheme matures
B&Q store managers will be able to cash in shares worth £45,000 when a £9 million sharesave scheme matures on 24 April.The 300 managers were given shares in parent company Kingfisher in April 2009 as part of a scheme designed to maintain consistently high store-operating standards.Under the terms of the ...
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Acas publishes guide on mental illness at work
Advisory, Conciliation and Arbitration Service (Acas) has published its first guide to tackle mental illness in the workplace.Acas has compiled the guide with NHS agency Workways, which specialises in advising on mental ill health at work.The guide shows employers and managers how to:Spot the early signs of mental ill health.Raise ...
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West Midlands Integrated Transport Authority completes £272m pensions buy-in
West Midlands Integrated Transport Authority (WMITA) has completed a £272-million pensions buy-in.The authority, carried out the move with the support of Prudential, Mercer and law firm Squire Saunders.Geik Drever, director of pensions at the West Midlands Pension Fund, said: “This transaction forms an important part of the WMITA fund’s risk ...
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Jelf Employee Benefits launches online assessment for auto-enrolment
Jelf Employee Benefits has launched an online assessment to help employers better understand how prepared they are for pensions auto-enrolment.It provides an assessment of the key areas, including financial, organisational or administrative issues that employers will need to consider in order to comply with auto-enrolment.A microsite is being launched in ...
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Engine employees enjoy lickable lift
It would seem that Willy Wonka has kidnapped the reward and benefits manager at communications firm Engine, where employees are enjoying a lickable lift.The lift in the firm’s office on Great Portland Street, London is covered in 1,325 McVitie’s Jaffa Cakes.Phillipa Tilley, senior brand manager from McVities’s Jaffa Cakes, told ...
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Powys County Council appoints provider to AVC pension arrangement
Powys County Council has appointed Prudential to provide an additional voluntary contribution (AVC) pension arrangement to its 7,000 employees.The council has made the appointment to educate its staff about how additional contributions are a cost-effective, tax-efficient way to increase their pension savings. Only a small percentage of the council’s pension ...
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Halcyon Software employees to take on Three Peaks Challenge
Halycon Software is sponsoring a team of 10 employees who will attempt the Three Peaks Challenge on 29 June 2012.The annual challenge, a 3,000-metre climb up Ben Nevis in Scotland, Scafell Pike in England and Snowdon in Wales, takes place over just 24 hours.Donnie MacColl, technical services director at Halcyon ...
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The Pensions Regulator publishes details of alternative staging dates
The Pensions Regulator (TPR) has published details of the alternative auto-enrolment staging dates available to employers.Employers with staging dates in October and November 2012 can bring the date forward to as early as July 2012. Employers with later staging dates can chose a date from October 2012.An employer’s auto-enrolment staging ...
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Most respondents feel unsupported by their employer
Nine out of 10 (90%) employees who have recently struggled with personal problems did not receive support in dealing with them from their employer, according to research by Canada Life Group Insurance.The research found that 45% of respondents struggled with personal or health problems over the past three years, yet ...
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Paradigm Pensions launches online employee benefits marketplace
Paradigm Pensions has launched an online marketplace, designed for employee benefit providers to showcase their products and services free of charge.The marketplace is available through Jargon Free Benefits, the online pension compliance and flexible benefits system developed by Paradigm Pensions founder Steve Bee.Bee said: “I set up Paradigm Pensions with ...
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Tesco’s pension deficit rises to £1.4 million
Tesco’s net pension deficit has increased from £992 million to £1,406 million, according to its annual report.The grocery retailer reported that the increase in its defined benefit (DB) pension scheme’s deficit is largely due to a reduction in bond yields and asset returns being lower than expected.It made a one-off ...
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Evans Cycles to roll out summer promotion for bikes-for-work scheme
Evans Cycles is launching a summer promotion for employees participating in its bikes-for-work scheme, Ride2Work.The promotion, from 1 May to 31 August, will award every employee participating in the scheme £25-worth of free cycling accessories when purchasing their new bike.Employers offering the scheme will also be entered into a weekly ...
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BMI pension scheme members face changes to benefits
Some members of British Midland Airways’, commonly known as BMI, defined benefit (DB) pension scheme could see cuts to their benefits after parent airline Lufthansa sells it to the International Airlines Group this week.The trustees of the British Midland Airways' pensions and life assurance scheme and Lufthansa have reached an ...
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A third of UK respondents ranked benefits as key reason to stay with employer
Just over one-third (36%) of UK respondents ranked the benefits package as the key reason for staying with their employer, according to research by Mercer.The What’s working survey found that one-third of all European respondents, which includes France, Germany, Ireland, Italy, The Netherlands, Spain and the UK, are considering leaving ...
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FirstGroup rolls out virtual roadshows to help employees understand pension changes
FirstGroup has rolled out virtual roadshows to help its 10,000 UK employees understand the changes to the pension scheme.Employee Benefits first broke the news in October 2011 that the transport giant was complying with the 2012 pension reforms by using both its defined benefit (DB) pension scheme and a new ...
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Ink to introduce performance-based incentive scheme for global sales staff
Inflight media firm Ink is to introduce an incentive scheme for its global sales staff that will guarantee commissions based on key performance indicators (KPIs) rather than traditional revenue and sales targets.The scheme will address the behaviours that lie beneath each sale rather than just rewarding the end result. Employees ...
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NHS staff to strike over pension changes
NHS employees are to stage protests and industrial action on 10 May over changes to their pension schemes.The majority of members of the Public and Commercial Services (PCS) union and Unite, which include health visitors, pharmacists and paramedics, voted in favour of industrial action.Concerns regarding the NHS pension scheme changes ...
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Pensions and holiday are top benefits for job applicants
Pension provision and holiday entitlement were ranked as the top benefits considered by individuals when applying for a new job, according to research by MetLife Assurance.The 1DB Legacy research, which surveyed 765 employees, found that, where respondents were offered defined benefit (DB) pension schemes, over half (53%) said pension provision ...
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Tube Lines' staff vote to strike in dispute over pensions and travel perks
Tube Lines staff have voted to strike for 72 hours in a dispute over their pension scheme and travel concessions.Members of the National Union of Rail, Maritime and Transport Workers (RMT) will strike from 4pm on Tuesday 24 April and return to work from 4pm on Friday 27 April.Tube Lines, ...
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Two-thirds of respondents think RTI phase-in for payroll should be delayed
Two-thirds (64%) of respondents believe that HM Revenue and Customs (HMRC) should phase in the real-time information (RTI) programme over a longer period of time, instead of seeking 100% compliance by April 2013, according to research by NorthgateArinso.RTI will require payrolls to run reports for HMRC weekly or monthly instead ...