All articles by Ben Jones – Page 4
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Bank of Ireland aims to halve pension deficit
The Bank of Ireland has made changes to it 18,000 member-strong pension scheme in order to halve its €1.6bn deficit.Under the plans, there will be no pension increases for future retirees for three years from their date of retirement, although this will be phased in for those close to retirement.The ...
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Air hostesses strip off in wages protest
Air hostesses who haven’t been paid for up to nine months after their airline folded have responded by adopting a carefree approach to dress codes – by wearing nothing at all.Nine flight attendants from now-defunct Spanish carrier Air Comet have dared to be bare for a charity calendar to “continue ...
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Clifford Chance lifts pay freeze for London lawyers
Law firm Clifford Chance is to lift the freeze on salaries for London-based lawyers it imposed last year.Clifford Chance, one of the ‘Magic Circle’ law firms, has said salaries will rise from 1 May to reflect increased seniority. In addition, the firm will be paying bonuses as part of the ...
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Lorica launches actuarial and risk management division
Lorica has set up an actuarial and risk management division to give employers advice and support on how to manage, reduce or eradicate the risks associated with operating defined benefit (DB) pension schemes and other trust-based arrangements. Sean Gilfeather, who will head up the new division, said many employers have ...
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Three employers awarded payroll quality accolade
Irish business process outsourcing and IT service provider Equiniti ICS and car dealer group Listers Group have been awarded a Payroll Quality Partnership (PQP) accreditation by the Institute of Payroll Professionals (IPP).Payroll service provider ADP has also been re-accredited two years after being the first organisation to achieve the payroll ...
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P&MM launches recognition guide for employers
Employee motivation specialist P&MM has launched a guide for employers on how to launch an effective recognition scheme, which is based around a treasure map concept. The guide includes details on the importance of setting motivation programme objectives, living the company values, designing a programme structure and identifying which rewards ...
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Legal and General to offer multinational quotes
Legal and General is now able to provide quotes for group risk products to international clients on a pooled basis after it joined the ‘All Net’ network, a wholly-owned subsidiary of Allianz Group.Legal and General provides group life and dependants’ pensions, group income protection and group critical illness cover to ...
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Employers believe they communicate benefits effectively
Nearly all employers believe they are communicating their benefits effectively.According to the Hay Group Flash Benefits Survey, 99% said they were using a variety of channels to communicate benefits effectively. Workplace intranets were the most popular method for doing this.However, 40% of organisations are failing to benchmark total remuneration, depriving ...
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Director of happiness charity to earn £80,000 salary
“Money, if it can’t bring you happiness, will at least help you be miserable in comfort,” said former editor of Cosmopolitan magazine Helen Gurley Brown.However, misery of any sort will be frowned upon at newly-formed charity Movement for Happiness - where the successful candidate for the post of director can ...
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Ogilvie rolls out online fleet management tool
Leasing and fleet management specialist Ogilvie Fleet is rolling out an online fleet manager and driver vehicle quotation and ordering system, developed by fleet software provider Jaama.The system is designed to cut administration and uses real-time information sourced via Jaama’s online link with motor industry information providers Cap.The new vehicle ...
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Venson launches new fleet salary sacrifice solution
Fleet provider Venson Automotive Solutions has launched a salary sacrifice scheme with built-in risk elimination for employers.The provider said Venson Advantage has been launched due to demand from customers who want to save on national insurance contributions, cut carbon footprint, improve duty of care by encouraging those who use grey ...
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Wakefield District Housing signs fleet extension deal with Lombard
Fleet provider Lombard has been reappointed by Wakefield District Housing (WDH) to supply its fleet of more than 350 vans on an exclusive basis following an extensive tender process and a 12-month contract extension.Lombard’s van sales unit is providing the housing association with a comprehensive technical solution, handling the design ...
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Scottish Widows launches corporate wrap
Scottish Widows is launching a corporate wrap product which will enable staff to track their employee benefits and personal finances through a single website.The corporate wrap service, called Mymoneyworks, is aimed at allowing staff to take control of their finances, and will be available as an option with Scottish Widows' ...
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Nationwide Maintenance signs fleet management contract
Building services firm Nationwide Maintenance has signed a deal with fleet operator Lombard to provide and manage its fleet of 190 cars and vans.The fleet consists of around 150 Citroen vans, which Lombard is supplying with racking and signage, while also conducting trial of vehicle tracking systems.The remainder of the ...
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Fit notes come into law
Employees who are off sick for more than seven days will be issued with new fit notes rather than the traditional sick note under legislation introduced today.The new Statement of Fitness For Work note, which is relevant to all businesses in England, Scotland, Wales and Northern Ireland, will contain two ...
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Almost half of employers do not understand VAT car costs
Almost half of UK firms do not have a firm grasp of VAT-related company car costs.One in five financial decision makers admit to not knowing how much extra VAT they have incurred since the 17.5% rate was reintroduced in January, while 23% claim the higher rate has generated no extra ...
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Employers against new paternity rules
More than 80% of employers are concerned that the new additional paternity leave (APL) rules will negatively impact their companies, according to a survey by international law firm Davies Arnold Cooper.However, the survey also found that most employers (74%) believed less than a quarter of eligible employees would take advantage ...
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Subsea 7 launches salary sacrifice car scheme
Subsea 7, a sub-sea engineering and construction company, has launched a salary sacrifice car scheme as part of its flexible benefits package to around 1,800 employees throughout the UK.Subsea 7 offers a flexible benefits package to all staff which already included salary sacrifice options for both pension and childcare vouchers.Senior ...
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Tesco promotes online health checks
Tesco is to promote free online health checks to staff over the next three months, with a particular focus on middle-aged employees.The retail giant will add a link to the NHS MidLife Check to its benefits website, giving staff the chance assess their health and be given tips on how ...
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Quintiles to pilot on-site health screening
Quintiles is to pilot on-site company-funded health screening for 700 staff at its UK head office from May, with the aim of rolling it out to all employees by the third quarter of this year.Health screening is already available for the pharmaceutical firm's executives, but its Bracknell head office will ...