All Article articles – Page 813
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Grass Roots Group earns a place on the Sunday Times' list of 100 best companies
Grass Roots Group has been included in the Sunday Times best companies to work for list for the fifth time in six years.The global performance improvement organisation has 700 employees in the UK, as well as offices in Australia, China, France, India, and the US.An internal survey found that 83% ...
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Confidence in pensions plummets ahead of auto-enrolment
More than half (54%) of employees are not confident in pensions compared to other ways of saving, according to research conducted by the National Association of Pension Funds (NAPF).The survey, run by pollsters Populus, also found that a third (33%) of those who are eligible for auto-enrolment will not stay ...
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EB Summit: BT employees face potential CGT hit as share price spikes
BT faces a challenge of communicating to some employees their potential capital gains tax liability because its share price has increased dramatically since the sharesave scheme launched.The scheme, which is due to mature in August, had an option price three years ago of 68p, compared to the current share price ...
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EB Summit: Informa is well ahead on auto-enrolment plans
Informa has developed a methodical step-by-step approach to auto-enrolment, as it moves up its staging date from July 2013 to January 2013.Thomas Humphris, head office HR and UK reward director at Informa, shared the publishing and events organisation’s journey towards auto-enrolment in a session called ‘Preparing for the cost of ...
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Employee Benefits Pensions & Workplace Savings Summit Slides
To view a presentation from Employee Benefits Pensions & Workplace Savings Summit which was held at the Four Seasons Hampshire Hotel on 8-9 March 2012, please click on the link next to the sessions below.Selecting and Running the Right Pension Plan for your Organisation - Slides not availablePensions Manager, UK ...
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EB Summit: Shadow pensions minister calls for Nest restriction cull
Gregg McClymont, shadow pensions minister, has called for restrictions on the National employment savings trust (Nest) to be culled, so it can effectively compete with its rival providers.Addressing delegates at the Employee Benefits Pensions and Workplace Savings Summit 2012 at the Four Seasons hotel in Hampshire, McClymont said that government ...
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EB Summit: Auto-enrolment prompts employers to consider benefits cuts
Half of delegates at the Employee Benefits Pensions and Workplace Summit 2012 will consider slashing their benefits budgets because of auto-enrolment.Pension provision cuts are a consideration for almost a quarter (24%) of the leading benefits and reward professionals polled at the summit, taking place at the Four Seasons in Hampshire, ...
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EB Summit: Quarter of delegates believe auto-enrolment will not close retirement savings gap
Nearly a quarter (24%) of delegates at the Employee Benefits Pensions and Workplace Savings Summit 2012 believe that auto-enrolment will not close the retirement savings gap in the UK, according to a poll taken on 8 March at the event.A fifth (18%) of the high-level reward and benefits professionals attending ...
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EB Summit: All DC pensions deserve same attention
Employers should treat trust- and contract-based defined contribution (DC) pension schemes with the same care and attention.Speaking at the Employee Benefits Pensions and Workplace Savings Summit 2012 on 8 March, a well-known pensions manager said this is important because the average person will often be unable to distinguish between the ...
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Towers Watson joins government's Employee Engagement Task Force
Towers Watson has joined forces with think tank, Tomorrow’s Company, and employment relations specialists, the Involvement and Participation Association (IPA), to help deliver the government’s Employee Engagement Task Force agenda.Prime minister David Cameron announced the task force in March 2011, with the aim of providing a range of practical opportunities ...
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FTSE 350 pension deficits increase 8%
FTSE 350 defined benefit (DB) pension scheme deficits grew by 8% to £92 billion in January, according to Mercer’s latest Pensions Risk Survey.The £92 billion total was also higher than the £84 billion reported at 31 December 2011, according to the international accounting standards (IAS) 19 figures.IAS 19 asset liability ...
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Public sector staff view benefits as better than in the private sector
Around a quarter (24%) of public sector staff believe their benefits are better than those received by their private sector contemporaries, despite this often not being the case, according to research by MetLife Employee Benefits.Meanwhile, 56% of private sector workers believe the public sector offers better employee benefits.However, the research ...
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Asda staff receive £515m from sharesave scheme over 30 years
Asda employees have received £515 million since 1982 through the retailer’s sharesave scheme.The scheme, which is currently open to staff for its 30th consecutive year, has seen, on average, more than 25,000 employees take part each year.Through the scheme, staff can save between £5 and £250 per month for a ...
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John Chilman: What is on your wish list for the Budget on 21 March?
Employee national insurance (NI): This is not earmarked for schools, hospitals, etc, but is simply another tax, so let’s combine it with income tax.Employer NI: This is a barrier to employment, penalising labour-intensive industries. Remove, and increase corporation tax, linking the total tax burden to profits, not a combination of ...
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Duncan Brown: What is on your wish list for the Budget on 21 March?
I would like to see more substantive action announced by the Chancellor to encourage employers to provide meaningful work opportunities for young people, with record levels of youth unemployment across Europe being one of the most distressing aspects of our current economic malaise. But the problem is primarily one of ...
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David Heaton: What is on your wish list for the Budget on 21 March?
My wish list is about making life simpler for employers. All governments want to make life simpler for business: they cannot offer tax cuts, so they try to make the tax collection process as painless as possible.I would offer the following ideas:Realign the starting threshold for employer and employee national ...
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Office of Tax Simplification publishes recommendations for employee share schemes
The Office of Tax Simplification (OTS) has published a report on employee share schemes, recommending the removal of the approval process for sharesave schemes, share incentive plans (Sips) and company share option plans (Csops).The Review of tax-advantaged employee share schemes also recommends merging the current enterprise management incentive (EMI) and ...
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Germany has the biggest gender pay gap in Western Europe
The greatest pay-disparity in Western Europe occurs in Germany where women executives are paid 22% less than the total compensation of their male counterparts, according to research by Mercer.This is compared to a gap of 9% in the UK.The research, which analysed the pay of 264,000 senior managers and executives ...
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Employers unprepared for real-time information reporting
Two-thirds of respondents have not started to plan for the implementation of real-time information (RTI) payroll reporting, according to research by KPMG.The research found that almost a fifth (18%) of respondents were not aware of the upcoming RTI deadlines and the likely impact of the change.Under RTI, employers will need ...
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Unum to focus on employer-paid products
Income protection provider Unum has withdrawn from the sale of individual income protection products to focus on the employer-paid benefits market.It is retaining its employer-paid executive income protection product, offering it alongside its other group income protection products.Marco Forato, chief marketing officer at Unum, said: “We believe the workplace is ...