All Article articles – Page 839
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Southend University Hospital signs up to payback discount benefit
Southend University Hospital has signed up to an employee reward scheme that enables staff to earn reward points.The MyMoney scheme, provided by Corporate Rewards, enables the NHS trust’s employees to earn points through, for example, shopping as normal in their high street or online, that can be redeemed for rewards.Keith ...
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Christmas party organised for one-man bands
Raucous and fun Christmas parties certainly subscribe to the theory the ‘more the merrier’.After all, it can't be much fun for a one-man start-up sitting alone in a pub with no one to pull a cracker with except the bartender.However, help is at hand for small firms and one-man bands ...
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Nest Corporation issues auto-enrolment guide for employers
Nest Corporation has published a guide to auto-enrolment, designed to inform employers what they need to consider ahead of the upcoming pension reforms.The guide, How Nest can help you meet your duties, provides an overview of the key requirements around auto-enrolment, as well as setting out what the national employment ...
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Barclays, Ericsson and Pearson among winners at the Employee Share Ownership awards
Barclays, Ericcson and Pearson were among the winners at the Employee Share Ownership Awards 2011.In the category of organisations with 1,500 employees, Barclays, Ericsson and Pearson were the top winners.Barclays was commended for its Global Sharepurchase scheme, which allows employees to buy shares of up to £1,500 per year in ...
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Pensions Bill receives Royal Assent
The Pensions Bill has received Royal Assent.Starting from October 2012, employers will begin to automatically enrol eligible employees into a qualifying pension scheme and contribute to that pension. Measures in the Pensions Bill include:Organisations will be allowed to defer auto-enrolment for up to three months.The scheme certification process will be ...
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Polestar Group to wind up pension scheme
Polestar Group will wind up its pension scheme following approval from The Pensions Regulator (TPR).TPR concluded that full funding of the scheme over any reasonable period was unlikely and that the scheme should be wound up in the interests of its members and the Pension Protection Fund (PPF).After receiving professional ...
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Mövenpick Hotels and Resorts rewards staff with trip to Switzerland
Mˆvenpick Hotels and Resorts has flown a group of employees to Switzerland for an all-expenses-paid four-day trip.The international firm rewards high-performing employees from Asia, Africa and the Middle East with a trip every year to recognise their contribution to the business.During the trip, the group of 45 employees visited the ...
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Aon Hewitt research: Almost half of employers have closed DB schemes to accrual
Over 40% of organisations have closed their defined benefit (DB) pension schemes to future accrual or are currently in the process of doing so, according to research by Aon Hewitt.The Pension benefit design survey polled 300 organisations with DB arrangements, predominantly in the private sector.Where organisations are closing to future ...
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Grid research: Mental health one of most common causes of sickness absence
Stress-related mental health is one of the most common causes of long-term sickness absence, according to research by Group Risk Development (Grid).The research, conducted among 500 employers, found that stress-related mental health was the second most common cause, cited by 15% of respondents, behind home and family issues, cited by ...
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Secondsight delivers 350 textbooks to Kenyan school
As a direct result of its fundraising campaign at Employee Benefits Live, Secondsight has arranged for the delivery of 350 textbooks to the Showers of Blessings school in Watamu, Kenya.The employee benefits provider agreed to fund one textbook for every enquiry form completed at its stand during Employee Benefits Live ...
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Government sets out offer on public sector pensions
Chief secretary to the Treasury Danny Alexander has set out details of the government’s offer on public sector pensions. The offer includes:An 8% increase in accrual rate, from the 1/65ths offered in October to 1/60ths.Anyone within ten years of their pension age on 1 April 2012 will be protected, meaning ...
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Morrisons considers Swedish derogation model to mitigate impact of Agency Workers Regulations
Morrisons has held talks with recruitment agencies on using the Swedish derogation model, which removes the supermarket’s responsibility of offering temporary workers the rights to benefits.†The Agency Workers Regulations, which came into force on 1 October, mean that after 12 weeks of employment, temporary staff are entitled to equal treatment ...
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The Orchid Group named best pub employer at hospitality awards
The Orchid Group has been named the best group bar/pub employer at the Best Employers in Hospitality Awards 2011 for Scotland.The pub group was also named in the overall list of the 25 best hospitality employers in Scotland, coming 22nd.The Orchid Group operates a range of schemes and initiatives to ...
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Scottish Widows research: Gender pay gap affecting women's pension pots
The number of women saving for retirement has risen to 50% in 2011, compared to 43% in 2010, according to research by Scottish Widows.The Scottish Widows women and pensions report 2011, which surveyed 5,200 UK adults, found that, despite this rise in the number of women saving, men are still ...
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Now Pensions introduces pension product in preparation for 2012 reforms
Now Pensions has unveiled details of its new auto-enrolment offering in preparation for the 2012 pension reforms.Backed by Danish pension scheme ATP, the multi-employer trust has revealed that its scheme will have a £1.50 per month administration charge, and a 0.3% annual product investment charge.The scheme has one investment strategy, ...
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NHS organisations to offer total reward statements
A number of NHS organisations will begin providing total reward statements in 2012, as part of efforts to get staff to understand the full value of their benefits package during a time of pay restraints, pensions reforms and a diversifying labour market.The reward statements will outline pensions, pay and the ...
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EXCLUSIVE: Marks & Spencer offers financial education for sharesave maturity
Marks and Spencer (M&S) will offer financial education ahead of two of its sharesave schemes maturing on 1 January 2012, with markedly different results.Its three-year sharesave scheme will see 12,000 staff share a pot of £60 million. Ann Govier, manager of senior remuneration and employee share schemes at M&S, said: ...
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DHL to overhaul default fund for DC pension scheme
EXCLUSIVE: ?DHL is overhauling the default fund for members of its trust-based defined contribution (DC) pension schemes as part of efforts to reduce risk and achieve better returns for medium earners.But its changes to the default fund, which would limit its exposure to equities, have stalled because of the latest ...
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Institute of Financial Planning research: One third of employees not contributing into a pension scheme
A third (31%) of UK employees are not currently contributing to a pension scheme, while 14% have never made any pension contributions, according to research by the Institute of Financial Planning (IFP) in association with National Savings and Investments (NS&I).The Financial planning survey, which coincides with UK Financial Planning Week ...
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Nottingham University Hospitals NHS Trust renews fleet contract
Nottingham University Hospitals NHS Trust (NUH) has renewed its fleet contract with Leasedrive Group.The fleet management organisation will continue to deliver the trust’s salary sacrifice car scheme, which only allows its 13,000 employees to choose cars emitting 140g/km of CO2 or less.The Mycar scheme has been in place since 2009.Alison ...