All articles by David Woods – Page 17
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Article
Rank moots sale of pension fund
Rank Group, the owner of Mecca Bingo, is considering selling its £700m pensions fund.Mercer Human Resource Consulting, the pension fund's long standing actuarial and investment adviser is understood to be looking at the possibility of holding an auction among firms that specialise in pensions buyouts, such as †Legal &†General, Prudential, ...
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Article
Nationwide adds carbon offsetting perk to flexible benefits plan
Nationwide is launching a carbon offsetting scheme that will enable employees to pay part of their flex allowance each month to an environmental charity to reduce their own footprint.Employees will be able to calculate their carbon footprint online by answering a series of questions such as how many cars they ...
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Article
Travis Perkins pilots reward statements among execs
The Travis Perkins Group has piloted total reward statements (TRS) to 2,000 of its management and executive employees in an attempt to better communicate its overall remuneration package and make the firm more effective at recruitment and retention.The TRS, which were designed and managed internally rather than through a consultancy ...
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Article
Financial services sector puts increased focus on flex
Employers in the financial services sector are putting a greater focus on flexible benefits offerings due to competitive pressures, according to research from Mercer Human Resource Consulting.The 2007 Survey of Benefits in the UK Financial Services Sector of 69 UK financial services sector organisations, reveals that 29% are offering flexible ...
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Article
Postcodes could determine pension payouts
Postcodes could be used to determine the level of pension payments, if a pilot scheme by Legal &†General and Hargreaves Lansdown is successful.The pilot scheme, which is scheduled to run for two months before being reviewed, will use a person's location to assess their life expectancy and price pension payments ...