All Article articles – Page 858
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Trinity Mirror cuts pension deficit by £43.6 million
Trinity Mirror has reduced its pension fund deficit by £43.6 million, which means it has fallen from £117.5 million to £73.9 million.The reduction, which took place over the first six months of 2011, was published in the newspaper group’s half yearly report.In 2010, which saw Trinity Mirror close a number ...
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JLT Pension Capital Strategies research: Fewer firms have high equity exposure in their pension schemes
IAG, BT and BAE Systems are among FTSE 100 firms with the highest equity exposure within their pensions schemes, according to research by JLT Pension Capital Strategies (PCS).Despite finding that FTSE 100 firms with high equity exposure within their pension schemes fell by an average of 26%, The FTSE 100 ...
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The impact of the plummeting global markets on pension schemes
Pensions experts have this week been widely lamenting the hit pension schemes have taken as global markets plummet.Figures from the National Association of Pension Funds (NAPF) revealed that more than £120 billion has been wiped from the value of UK pensions in the past month.Research by Towers Watson has found ...
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Towers Watson research: FTSE 350 pension deficit rises £2 billion a day
Pension deficits of FTSE 350 organisations have increased at an average rate of more than £2 billion a day during August, according to research by Towers Watson.The firm calculated that the aggregate deficit in FTSE 350 firms' defined benefit (DB) pension schemes has increased by £21 billion so far this ...
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Commuters in Beijing urged to get into punch-ups on their way to work
When on a packed commuter train, many of us will be familiar with the feeling of wanting to punch something or someone while navigating ill-placed bags, perilous cafe lattes and frayed tempers.However, in Beijing, stressed-out commuters are being urged to work off their frustrations on the way to work.Luckily, their ...
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Baring Asset Management research: 38% of British adults do not have a pension
More than one-third (13.6 million) of British adults do not have a pension, according to research by international firm Baring Asset Management (Barings).The research, conducted online by ICM research on behalf of the firm, surveyed 1,589 working UK adults.It found that 1.4 million aged 55 and older do not have ...
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Grass Roots Group and Cyclescheme staff to cycle for charity
Grass Roots Group and Cyclescheme employees will be raising money for the Willow Foundation by doing a 100-mile bike ride.Setting off from Cyclescheme’s head office in Bath on 19 August, the employees will finish the charity bike ride at Grass Roots Group head office in Tring, Hertfordshire.Daniel Gillborn, head of ...
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Sharesave schemes rise in popularity
The number of employees investing in sharesave schemes rose by 5% last year to 1.4 million, according to research by IFS Proshare.The survey of 445 UK organisations, including 79 of the FTSE 100, also revealed that 44% of eligible employees are participating in at least one sharesave scheme, an increase ...
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Auto-enrolment staging dates for smaller employers in multiple pension schemes set to be pushed back
The government has proposed that smaller employers should be given more time to prepare for the 2012 pension reforms.New guidance released by The Pensions Regulator (TPR), Getting ready: first steps to prepare for new employer duties, proposed that smaller employers which share pay-as-you-earn (PAYE) schemes with larger businesses should have ...
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Mercer appoints new UK head of human resources
Mercer has appointed Mark Moorton UK head of HR.Moorton joins Mercer from Specsavers, where he has been international HR director since 2009.Previously, he held the position of HR and engagement director at Axa PPP Healthchare for nine years, and HR director at Centaur Communications.Read more articles on careers in the ...
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Office Angels research: Office managers see 3.6% salary growth
Officer managers were one of the few roles to record positive annual salary growth last month, up 3.6%.The figures, from the Office Angels salary watch report by Office Angels and Mysalarychecker.com, found the average salary for an office manager in July was £29,448, while receptionists recorded the lowest average salary ...
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Alexander Forbes forms partnership with Staffcare
Alexander Forbes has teamed up with Staffcare to use its benefits communication and administration software, as part of a new strategic partnership.The benefits administration software will be used as part of Alexander Forbes’ new benefits offering which is set to be launched over the coming weeks.It will offer a suite ...
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Employers urged to consider the legalities of managing workers' pay after riots
Employers need to consider the legal implications of making changes to workers’ pay and managing their return to work following the riots to avoid disputes.Law firm Eversheds said that employers will have to pay employees absent from work because of the riots, unless there is a specific clause in an ...
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NAPF research: £120 billion wiped off UK pensions value
Stock market volatility has caused more than £120 billion to be wiped from the value of UK pensions in the past month, according to figures from the National Association of Pension Funds (NAPF).The figures take into account the fall in value of defined benefit (DB) and defined contribution (DC) workplace ...
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Nottingham City Council makes savings with holiday purchase via salary sacrifice
Nottingham City Council is expected to save more than £154,000 in its first year of offering a scheme to allow employees to purchase additional holiday via a salary sacrifice arrangement.The scheme, which was introduced in January, and is due to be launched again in September, is provided by P&MM. It ...
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Employers advised on how to support staff affected by riots
Employers are being advised on how to support staff working in organisations blighted by the London riots, which have now spread to other parts of the UK. Numerous businesses all over the capital, including those based in Tottenham, Hackney, Peckham and Croydon, have suffered from violence and looting. So far, ...
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Source Pensions launches flexible fund platform
Source Pensions has launched an online fund platform designed to increase flexibility for both employers and employees around workplace defined contribution (DC) schemes.The platform, Root, is designed to allow employers and employees to control their pension scheme, access information and contact their independent financial advisors (IFAs) quickly and easily.Employees have ...
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Adecco research: Employers confused about implications of Agency Workers Regulations
Many employers are confused about the implications of the forthcoming Agency Workers Regulations (AWR), according to research by Adecco.The survey of nearly 500 HR professionals found that respondents were particularly unclear about the impact of temporary workers’ benefits, including holidays and bonus eligibility.Employers are also unclear who is ultimately responsible ...
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Consultation on Modern Workplaces: Concerns raised over plans to introduce gender pay audits
The government’s plan to introduce gender pay audits has raised concerns among business groups.The proposal was outlined in the Consultation of Modern Workplaces, which is due to close today after seeking views on a number of changes to employment law, including flexible working and parental leave.The EEF argued that gender ...
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Airwave Solutions receives Pension Quality Mark Plus
Airwave Solutions has received the Pension Quality Mark (PQM) Plus from the National Association of Pension Funds (NAPF) for its group stakeholder pension scheme.The provider of communications to the emergency services has had the pension scheme in place since 2007, when it was de-merged from the O2 group of organisations.The ...