All Article articles – Page 834
-
Article
Unilever employees to strike over changes to final salary pension scheme
Employees at Unilever in the UK have voted in favour of strike action over the closure of the firm’s final salary scheme.The ballot was organised by unions Unite, GMB and Usdaw. Nearly 85% of Unite members voted for strike action, which is likely to take place across Unilever’s 12 sites ...
-
Article
Rolls-Royce agrees pension longevity swap
Rolls-Royce and the trustees of its pension fund have agreed a longevity swap to provide additional security to members of its final salary scheme.The deal with Deutsche Bank reduces the risk on approximately £3 billion of the fund’s liabilities and covers around 37,000 Rolls-Royce pensioners.Under the longevity swap, if pensioners ...
-
Article
Government delays auto-enrolment for small employers
Auto-enrolment will be delayed for small employers until 2015.The government has announced that the timetable will be adjusted so that small organisations, with less than 50 employees, will begin automatically enrolling staff in May 2015, instead of the current timing of April 2014.Auto-enrolment will commence for the largest organisations in ...
-
Article
Axa UK to put Bluefin Advisory Services up for sale
Following the disposal of its corporate pensions business last year, Axa UK has put Bluefin Advisory Services (BAS) up for sale.The insurance and asset management firm has appointed Fenchurch Advisory Partners to advise on the strategic options for the future of BAS.Bluefin Insurance Group, which is part of Axa UK’s ...
-
Article
Government reaches agreement with pension funds to finance infrastructure projects
The government has reached an agreement with UK pension funds as part of efforts to unlock up to £20 billion extra in funding for infrastructure projects.The National Association of Pension Funds (NAPF) and the Pension Protection Fund (PPF) have signed a memorandum of understanding with the government to assist in ...
-
Article
EXCLUSIVE: Dairy Crest aims for £30m saving via pension enhanced transfer value
Dairy Crest could cut its final salary pension liabilities by £30 million by offering deferred members an enhanced transfer value (ETV).The dairy food firm has sent out information packs explaining the ETV deal, which will provide deferred members with an enhancement if they transfer into its defined contribution (DC) plan. ...
-
Article
EXCLUSIVE: Sainsbury’s introduces employee assistance programme
Sainsbury's has coupled the introduction of an employee assistance programme (EAP) with the delivery of its annual total reward statement (TRS) to communicate the new benefit to its 150,000 staff.The paper-based statements included a full booklet about the EAP and its provider, Retail Trust, when they were delivered to staff ...
-
Article
EXCLUSIVE: Deloitte switches bonuses to focus on staff performance
Under a new talent and reward strategy, Deloitte is changing its bonus structure to reward employees based on performance.Previously, if it made a certain level of profits, a fixed amount was returned to staff as bonuses. But Stevan Rolls, UK head of HR, said this did not make close links ...
-
Article
EXCLUSIVE: Yazaki increases pension contributions to reward staff
Yazaki has increased pension contributions to reward staff who stood by it during tough times.The firm, which provides electrical distribution systems to the automotive industry, was hit hard during the recession, when many employees agreed to suspend their employer pension contributions and take temporary cuts in salary, to reduce the ...
-
Article
EXCLUSIVE: Inmarsat hosts health and wellbeing event
Mobile satellite company Inmarsat held a health and wellbeing event in November, including medical check-ups and massages.The event, at its London head office, enabled staff to see the company doctor to have blood pressure and cholesterol checks. A similar event may be rolled out to staff in Italy, the US ...
-
Article
EXCLUSIVE: Linklaters harmonises global mobility provision
Linklaters, the law firm, has harmonised its global mobility provision under one provider to ensure a consistent approach for all employees relocating.Since Crown Relocations were appointed in the summer of 2011, over 400 employees have been relocated.Linklaters is located in 27 countries and has 4,657 employees.The service, which includes school ...
-
Article
EXCLUSIVE: Verona Farquharson moves to RAC
The RAC, the breakdown provider, has appointed Verona Farquharson reward consultant.Previously, she held a variety of roles at E.On: reward specialist, reward analyst and HR business partner.During nine years in the HR industry, Farquharson has also worked as an HR adviser and an HR consultant in the manufacturing sector.Read more ...
-
Article
EXCLUSIVE: Willis Group offers fundraising events for staff
Since selecting Children’s Hospices UK as its charity of the year for 2011, Willis Group has introduced a variety of fundraising activities for its staff to take part in.Employees have pledged to raise £100,000, with the insurance broker matching the funds raised to a maximum of £50,000.The fundraising efforts started ...
-
Article
EXCLUSIVE: Interim role at Ikon for Debra Scudder
Ikon Science has appointed Debra Scudder interim HR officer.Previously, she was HR manager at K&L Gates for 23 years.Read more about careers in reward and benefits
-
Article
EXCLUSIVE: Tasty role at Yum! for Craig Truter
Restaurant operator Yum! has appointed Craig Truter reward manager.His previous roles in the industry include reward manager at Centrica, reward manager at DHL Express, HR and compensation/benefits manager at The Body Shop, HR manager at Reed in Partnership, and HR Manager at Belgo Group.Read more about careers in reward and ...
-
Article
EXCLUSIVE: The Platforum launches corporate platform guide
The fast-growing corporate platform market has been independently assessed for the first time by research consultancy The Platforum.The corporate platform guide, launched this month in association with Employee Benefits, defines a corporate platform and compares the platforms of seven existing players in the life office/fund manager sectors: Fidelity, Friends Life, ...
-
Article
EXCLUSIVE: ETF Securities launches corporate wrap
Exchange-traded products provider ETF Securities has launched a corporate wrap account for employees' long-term savings and investments.The wrap, provided by Hargreaves Lansdown, gives staff access to a range of funds and investments, including the firm's own exchange-traded funds, across a range of accounts, including individual savings accounts (Isas) and self-invested ...
-
Article
Interview with Ethan Kelly-Wilson, group head of HR operations at the Institution of Civil Engineers
Ethan Kelly-Wilson, group head of HR operations at the Institution of Civil Engineers, says a quest for personal development drives him to meet the challenges of his roleFor Ethan Kelly-Wilson, group head of HR operations at the Institution of Civil Engineers (ICE), career progression is not dictated by job title, ...
-
Article
Buyer's guide to healthcare trusts
Focus on factsWhat is a healthcare trust?Healthcare trusts are a method of providing self-funded medical cover to employees. An employer will typically appoint a third-party administrator to manage a trust. The claims fund is based on the estimated value of an employer’s claims over a year, and will pay out ...
-
Article
Buyer's guide to corporate gym membership
Key factsWhat is corporate gym membership?Employers can provide staff with access to on-site gym facilities at no cost or can negotiate a deal or discounts with local and/or national gym operators. The employer can determine the amount that the employee is required to pay.Where can I get more information?HM Revenue ...