All Article articles – Page 870
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Preston County Council halves childcare voucher administration costs
Preston County Council has halved the administration charge of its childcare voucher scheme after switching providers.The switch from Computershare Voucher Services to KiddiVouchers has enabled the council to decrease the cost of administration from 5% to 2.5%.Since the switch, which took place in May, the level of childcare voucher take-up ...
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Adecco starts engines on Zenith Provecta salary sacrifice car scheme
Recruitment agency Adecco has launched a new salary sacrifice car scheme with Zenith Provecta.The Your Car scheme is available to all employees who are eligible for a cash allowance and to company car drivers.Zenith Provecta has been assisting Adecco Group in promoting the benefits of Your Car and methods used ...
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Alphabet acquires ING Car Lease
Alphabet, the international fleet management division of BMW Group, has acquired ING Car Lease.The purchase price amounts to €637 million. The transaction is expected to close in the fourth quarter of 2011, subject to regulatory approvals.Through the acquisition, Alphabet is able to provide employers with broadened services now in 16 ...
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Wealth at Work research: Only 23% of employers think staff are aware of retirement options
Only 23% of employers believe their employees are aware of the various retirement income options that are available, according to research conducted by Wealth at Work. The Rethink Retirement Survey 2011 also showed that 60% of respondents also believe there will be an increased requirement for specialist retirement advice. Jonathan ...
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Employee Benefits Awards 2011: Most effective use of financial education in the workplace
WINNERE.On, Making the Most of your MoneyThe judges loved the way this entrant focused on two key issues within the organisation and encouraged employees to engage with these.E.On’s two main objectives for its financial education strategy were to help employees find support to deal with debt issues and encourage as ...
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Pentland Brands reduces fuel use by 16%
Pentland Brands has cut tens of thousands of pounds from its fleet budget and reduced fuel use by 16% after withdrawing its private fuel benefit.The brand management company behind global brands such as Speedo, Mitre and Berghaus used The Miles Consultancy’s (TMC) mileage audit system to gather the critical fuel ...
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CIPP research: Only 10% of employers will allow flexible working during Olympics
Just 10% of employers will allow staff to work flexibly during the 2012 Olympics, according to a poll by the Chartered Institute of Payroll Professionals (CIPP).Less than half of the respondents said that they do not know if their employer will allow flexible working.Diana Bruce, senior policy liaison officer at ...
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Public sector workers strike over pensions reform
Thousands of public sector workers have gone ahead with strike action today (Thursday 30 June) over plans to reform pay and pensions.The reforms include increasing the contributions that public sector employees pay into their pensions.Prime minister David Cameron said public sector pension reform is essential and would secure affordable pensions ...
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BHSF to launch flexible benefits product
Provider BHSF is to launch a flexible benefits product for employers to offer to their employees.The product, FlexSme, is aimed at small to medium-sized enterprises (SMEs).Brian Hall, marketing director at BHSF, said: “FlexSme will bring together a section of core benefits, BHSF’s own voluntary benefits and eight slots for flexed ...
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Eversheds’ staff volunteer on community projects
International law firm Eversheds has participated in its third annual Give and Gain Day.The UK’s national day of employee volunteering, managed by Business in the Community (BITC), saw more than 20,000 volunteers from 527 organisations donating hours worth £2.4 million into community projects.More than 330 employees from across Eversheds’ international ...
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Pensions Management Institute appoints new president
The Pensions Management Institute (PMI) has announced the appointment of Susan Andrews as its new president.Andrews will take over from current president, Mike Sullivan, at the PMI’s annual general meeting on 7 July 2001.Andrews was elected to the PMI council in 2001 and became vice president in 2010. She chaired ...
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IDS research: FTSE 100 directors' pension pots reach £2.8 million
FTSE 100 board directors now receive final salary pensions worth on average £2.8 million, according to research by Incomes Data Services (IDS).The Executive Compensation Review found that, when converted into an annual pension, the £2.8 million pot could buy an employee a pension annuity worth more than £170,000 a year.The ...
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Infoteam introduces voluntary benefits scheme
Infoteam has introduced a voluntary benefits scheme.Working with Personal Group, the electronics repair and remanufacturing firm introduced the scheme in May. It includes discounts on retail shopping and holidays, as well as perks like discounts on magazine subscriptions and breakdown cover.The scheme, which is available to Infoteam's 500 employees across ...
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Government plans to reform state pension could lead to national insurance hikes for employers
The government’s proposals to reform the state pension will lead to employers with occupational pension schemes paying higher national insurance contributions (NICs), according to analysis conducted by the Pensions Policy Institute (PPI).The PPI’s report, An Assessment of the Government’s Options for State Pension Reform, released in conjunction with the National ...
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Globoforce launches employee recognition application for smartphones
Globoforce has launched an HR application for smartphones to enable employers to ensure staff recognition and appreciation keeps pace with behaviour and performance.The application, Globoforce Mobile, allows managers and employees to give, receive, approve and redeem recognition awards anywhere and at anytime.In addition, with Globoforce Mobile, employees who have received ...
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Government to address regulatory differences in pension schemes
The government will put forward proposals later this year to address short-service refunds, small pension pots and transfers.Regulatory differences of pension funds, including the use of short-service refunds rules have been scrutinised in a call for evidence.Short-service refunds mean that employees who leave their job in less than two years ...
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Rok reports £90m defined benefit pension deficit
Rok has revealed a £90 million deficit in its defined benefit (DB) pension schemes.The firm, which carries out maintenance and building repairs, collapsed in November 2010 with 3,800 employees and debts of £360 million.In a progress report from the period from 8 November 2010 to 7 May 2011, Rok’s administrators, ...
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Admiral Group staff share £1.6m bonus pot
Admiral Group has shared a bonus payout of £1.6 million among its 2,500 employees.The payout is made up of dividends paid to staff participating in the car insurance group’s approved share incentive plan (Sip) and a bonus linked to staff holdings in its discretionary free share scheme (DFSS).The bonus is ...
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Employee Benefits Summit 2011 – speaker slides
Below are the slides from the conference programme at the Employee Benefits Summit which took place near Sintra, Portugal on 22-24 June.Click on the name of the speaker to download the Power Point slides.What is the Future of Reward Strategy?Helen Murlis, Author, Reward Management – A Handbook of Remuneration Strategy ...
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BMS World Mission awarded Pension Quality Mark
BMS World Mission has been awarded a Pension Quality Mark (PQM) from the National Association of Pension Funds (NAPF) for offering its staff around the world a high-quality defined contribution (DC) pension.The charity won the accolade for providing good employer-funded contribution rates, which are clearly communicated to employees.David Locke, director ...