All Article articles – Page 872
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InterGlobal launches assistance division
InterGlobal has launched a 24/7 assistance division called InterGlobal Assistance to deliver assistance and claims management worldwide. The new division, launched in collaboration with First Assistance, will operate from the UK and New Zealand to provide access to help, guidance and emergency medical assistance under InterGlobal’s international private medical insurance ...
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Mercer research: Employers in Western Europe give 2.7% pay rises to executives
Employers in Western Europe have given out executive pay rises that average 2.7%, but they are among the lowest levels in Europe, Middle East and Africa (EMEA), according to pay data published by Mercer.The Total Remuneration Pulse Survey also found that employees in managerial roles have received higher pay rises ...
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Public sector low earners avoid pension contribution hikes
Chief secretary to the Treasury Danny Alexander MP has proposed that the lowest-earning public sector workers should not have to pay higher pension contributions.During his speech at the Institute for Public Policy, Alexander said that the government was not intending to increase contributions for employees earning less than £15,000 a ...
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Treasury chief secretary to outline public sector pension reforms
Chief secretary to the Treasury Danny Alexander MP will set out the government’s latest thinking on public sector pension reform today. He is expected to announce that the lowest paid public sector workers will not have to pay any more into their pensions.During his speech at the Institute for Public ...
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Institute of Directors research: Auto-enrolment will hit small firms the hardest
Pensions auto-enrolment will hit small firms the hardest, according to research by Institute of Directors. The research found that, of the 43% of respondents which do not have employer contributed pension arrangements in place, 95% are small or medium-sized enterprises (SMEs).One-third (34%) of employers said they would pay for the ...
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Imperial Commercials launches online employee discounts
Imperial Commercials has launched an online employee discount scheme which provides access to deals on retailers, leisure, travel, days out and more. The Network Benefits Plus site, provided by BHSF, was introduced to increase staff engagement and offer additional benefits to the commercial vehicle dealer’s 900 employees.The organisation has had ...
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Asda staff share £49 million payout from sharesave scheme
Asda employees are set to share £49 million as a three-year Walmart sharesave scheme matures.The payout is the biggest for the grocery retailer's 14,700 employees, with those saving £50 a month receiving more than £3,300, over £1,400 more than their original investment of £1,920.Sarah Dickins, people operations and policy director ...
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Ukranian football team have pay docked when they lose
In many industries, reward is closely linked to performance. However, in football, players take home bumper pay packets, regardless of whether they perform on the pitch or score on their own goal during a crucial match.Ukranian football team Dynamo Kiev, however, has taken a new approach to motivating players, which ...
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Royal Mail decreases pension deficit to £4.5 billion
The Royal Mail Group has cut its pension scheme deficit from £8 billion in 2010 to £4.5 billion in 2011, but still describes it as a disproportionate burden on the business.Its annual results for 2010/11 stated that the decrease in the accounting pension scheme deficit was driven by an actuarial ...
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Cisco, Sage, and City and Guilds win hat trick for one adviser at Employee Benefits Awards
Cisco, Sage, and City and Guilds were among the winners at the Employee Benefits Awards 2011.The three organisations, nominated by their adviser Thomsons Online Benefits, took home four awards in total: Cisco won ‘Most effective use of a flexible benefits plan’ and ‘Most effective sickness absence management strategy’; Sage won ...
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JLT Benefit Solutions research: Half of employers unaware of auto-enrolment costs
Half (50%) of employers still do not know how much auto-enrolment will cost them in terms of initial compliance and contributions in the first 12 months.The JLT 250 Club research, by JLT Benefit Solutions, into the 2012 workplace pension reforms is based on the views of 250 employers with workforces ...
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De Montfort University introduces employee assistance programme
De Montfort University has introduced an employee assistance programme (EAP) for its 3,300 employees.Provided by FirstAssist, part of the Capita Group, the EAP offers staff a confidential counselling service via both the telephone and face to face, as well as a legal and financial helpline.Employees will also have access to ...
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Threadneedle Pensions' portfolio to be provided by Legal and General
Legal and General Workplace Savings has become the product provider for Threadneedle Pensions’ full service group pension portfolio.As a result of the agreement Legal and General Workplace Savings has added several of Threadneedle Pensions funds to its platform.Trustee and pension scheme sponsors offering Threadneedle Pensions’ defined contribution (DC) pensions are ...
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L’Oreal awarded the Pension Quality Mark
L’Oreal has received the Pension Quality Mark (PQM) for its defined contribution (DC) pension scheme.Awarded by the National Association of Pension Funds (NAPF), the PQM is awarded to employers that meet the following criteria: good quality governance and low charges, clear and ongoing communication with the scheme members, and good ...
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Creative Benefits launches auto-enrolment services
Creative Benefits has introduced services designed to assist employers with the auto-enrolment of staff into occupational pension schemes from 2012.The firm, formerly known as Creative Benefits Solutions, coincided the launch of five services with its rebrand and name change in May.Issues covered by its auto-enrolment services are: strategy and budget, ...
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ITN adds perks to voluntary benefits scheme
ITN has added dental insurance, health cash plans, gym memberships and travel insurance to its My ITN voluntary benefits scheme.The news organisation has also added a Merlin pass for discounted theme park entry, a dining-out card and a wine club to the online scheme it introduced in 2010.To publicise the ...
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Aviva UK Health research: Employers struggle to help staff return to work after serious illness
Employers are still finding the timely return to work of absent employees challenging, particularly complex conditions such as cancer, according to new research from Aviva UK Health. The online poll found that 19% of respondents have experience of staff living with cancer. More than half (61%) said their primary concern ...
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The Royal College of Music appoints Premier Pensions Management
The Royal College of Music’s pension and assurance scheme has appointed Premier Pensions Management to provide pension administration and actuary services.The college offers a final salary pension scheme for staff. The scheme, which has assets of £6 million, is currently closed to new entrants.Read more articles on final salary pension ...
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Edenred launches series of guides to coincide with National Eye Health Week
Edenred is launching a series of guides aimed at helping employers understand their obligations in promoting eyecare to staff.Coinciding with the Vision Matters National Eye Health Week (13-19 June), the benefits provider has also developed a white paper called Developing a Company Eyecare Policy – Your Options and Legal Obligations. ...
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City workers raise money for juvenile diabetes research
Employees in the City of London took part in a sponsored lunchtime spin event to raise money for the Juvenile Diabetes Research Foundation (JDRF).The Spin to Cure Diabetes event saw 33 teams of five take part in the eight-minute sprint challenge on static bikes outside the Royal Exchange in London ...