All articles by Debbie Lovewell-Tuck – Page 49
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Article
Interview with Ethan Kelly-Wilson, group head of HR operations at the Institution of Civil Engineers
Ethan Kelly-Wilson, group head of HR operations at the Institution of Civil Engineers, says a quest for personal development drives him to meet the challenges of his roleFor Ethan Kelly-Wilson, group head of HR operations at the Institution of Civil Engineers (ICE), career progression is not dictated by job title, ...
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Article
Autumn Statement 2011: Fuel duty increases revised
The government has announced that the 3.02 pence per litre (ppl) fuel duty increase that was due to take effect on 1 January 2012 will be deferred to 1 April 2012.The inflation increase, which was planned for 1 August 2012 and was expected to be in the region of 1.92ppl, ...
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Article
Employee Benefits/Lorica Employee Benefits defined benefit pensions research 2011
Download a PDF of the Employee Benefits/Lorica Employee Benefits DB pensions research 2011About two-thirds (65%) of respondents operate a defined benefit (DB) pension scheme, with final salary plans the most popular type. Most respondents’ DB plans are closed to new members or to future accrual. Larger employers are more likely ...
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Article
Employee Benefits Live: BP engages generation Y
The adoption of new technology by generation Y has led many employers, including BP, to update their benefits and hiring programmes, primarily by moving these online.Key traits exhibited by generation Y include: flexibility, a willingness to relocate, a strong desire to achieve, pushiness and ambition.Speaking in a session titled ‘Are ...
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Article
Employee Benefits Live: Top strategies for controlling pension costs
Opting for full systems automation, not having too many investment managers and looking carefully at legal costs are the top three strategies for controlling pensions costs, according to Penny Green, chief executive of Saul Trustee Company and managing director of STC Pensions Management.Speaking in the same panel debate on effective ...
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Article
Employee Benefits/Worplace Savings Research 2011: Investment
Employers are grasping the importance of adequate default funds and ensuring employees understand their investment choices, says Debbie Lovewell†More than three-quarters of respondents that offer a defined contribution (DC) pension scheme include at least one default investment fund for staff who do not choose to make active investment decisions. Some ...
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Article
Employee Benefits Workplace Savings and Pensions Research 2011: Contributions
Many employers are already contributing more to their pension schemes than will be required under the Pensions Act 2008, says Debbie Lovewell†When the Pensions Act 2008 begins to come into effect next year, employers will be required to auto-enrol all eligible employees into either a qualifying workplace pension scheme or ...
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Article
Employee Benefits Workplace Savings Research 2011: Attitudes
Most employers are getting serious about ensuring their employees' long-term financial wellbeing, but some feel they should be doing more, says Debbie LovewellDespite sensationalised press coverage to the contrary, employers appear to take their responsibility for employees' long-term financial wellbeing seriously. Nine years ago, 51% of respondents said they felt ...
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Article
Employee Benefits Workplace Savings and Pensions Research 2011: Schemes on offer
As the move from DB to DC pension schemes continues, employers are helping staff take a more holistic approach to workplace savings, says Debbie Lovewell†Just 4% of respondents now only operate a DB arrangement, while 71% only offer DC and 25% offer both types of scheme. More than half (54%) ...
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Employee Benefits Workplace Savings and Pensions Research 2011: Legislation
Employers are focusing on the effects of next year’s pension reforms, including how to mitigate any increased costs from compliance, says Debbie LovewellWith the Pensions Act 2008 due to begin taking effect next year, employers must increasingly consider the impact it will have on their pension schemes and plan how ...
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Article
Employee Benefits Workplace Savings and Pensions Research 2011: Key Findings
Our survey, which was carried out in June 2011 among readers of Employee Benefits magazine and users of www.employeebenefits.co.uk, received 261 responses†KEY FINDINGS 74% say complying with the 2012 pension reforms will increase costs. 38% intend to review future pay increases to help fund compulsory employer contributions, while 30% will ...
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Article
Employee Benefits Workplace Savings and Pensions Research 2011
Key findingsLegislationSchemes on offerAttitudesContributionsInvestment†Editor’s commentThere is now just over a year to go until the Pensions Act 2008 comes into effect for the first tranche of employers.Planning for the reforms and considering the impact compliance is likely to have on their pensions provision and overall costs will be an increasing ...
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Article
Heath Lambert Consulting becomes Gallagher Employee Benefits
Heath Lambert Consulting has been renamed Gallagher Employee Benefits following its acquisition of Arthur J Gallagher and Co in May.Michael Brown, chief executive of Gallagher Employee Benefits, said: “Becoming a member of the Gallagher group of professionals enables us to broaden the services we deliver and where we deliver them, ...
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Article
Close Asset Management research: Employers unaware of RDR
Just a third of employers are aware of the implications of the Retail Distribution Review (RDR) and the planned regulatory changes in response to that, according to research by financial education provider Close Asset Management.Although these changes could impact on their benefits packages and benefits providers, 69% of employers said ...
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Article
Employee Benefits Summit 2011: Communications must be transparent to fully engage staff
Honesty and transparency are essential attributes for reward communications in order to engage employees, particularly at a time when pay increases may remain low.Speaking in a panel debate on the second day of the Employee Benefits Summit 2011, Craig Truter, reward manager at Centrica, said that the best reward messages ...
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Case Studies
Case study: PWC calculates best options for flex
PricewaterhouseCoopers (PWC) considers several factors when deciding which benefits to include within flex.Carolyn Wilkinson, benefits leader at PWC, says its flex plan includes perks that can make employees' lives easier, such as travel insurance; look after the employee and their family, such as critical illness cover; and result in tax ...
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Analysis
Which benefits should be part of flexible benefits schemes?
If you read nothing else, read this... Some benefits may work better when offered on a core or voluntary basis rather than in a flexible benefits plan. Factors determining how to offer a benefit include: cost, employee demographics, an employer's objectives in offering the benefit, and how often staff will ...
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Article
Benefits Research 2011: Benefits strategies
The economic difficulties of the past few years have inevitably left their mark on organisations. Tough circumstances have seen employers focus on getting the best possible return for their investment, while working to sustain staff motivation and engagement through difficult situations, such as redundancies and other cost-cutting exercises.These remain key ...
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Analysis
Debbie Lovewell, deputy editor of Employee Benefits: Battle goes on to get the best value from benefits
Although the country has been out of recession for a couple of years now, employers are still facing a number of challenges posed by the economic climate. In particular, budgeting for benefits in a stagnant economy can cause headaches for benefits professionals as they try to strike a balance between ...
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Benefits Research 2011: Responsibility for and branding of benefits
Who is responsible for organisations' benefits decisions has changed little in recent years. As reward, compensation and benefits have increasingly been recognised as an HR specialism, the profession has seen a rise in status. This is reflected in an increase in responsibility given to compensation and benefits or reward directors ...