All articles by Debbie Lovewell-Tuck – Page 52
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Article
NAPF conference: Government confirms auto-enrolment timetable
The coalition government has confirmed it will go ahead with auto-enrolment according to its existing timetable.Speaking at the National Association of Pensions Fund annual conference, pensions minister Steve Webb said the coalition is committed to auto-enrolment, although the finer details are still under review. “We are going to do it ...
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Analysis
Molton Brown gives employees the perks they want
Molton Brown likes to pamper its staff, so its benefits are aimed at giving employees what they appreciate most, says Debbie LovewellMany employees think themselves lucky if they receive a card from their team mates on special occasions. But at cosmetics and beauty company Molton Brown, significant events in employees’ ...
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Analysis
Top benefits professionals reveal secrets of success
Eleven of the country’s leading benefits professionals reflect on their career highlights and share their thoughts on what it takes to achieve award-winning success in the reward industryThe status of benefits professionals within organisations has never been greater. No longer part of what was once seen as a “soft and ...
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Analysis
Health and wellbeing: Ageing workforce puts pressure on health perks
If you read nothing else, read this . . .44% of people aged 65 and over intend to continue working until they are at least 70, while 21% say they will never retire.Under age discrimination legislation, employers must provide all employees with the same benefits.The cost of many benefits increases ...
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Article
Live Nation seeks harmony through online portal and total reward statements
Live Nation Entertainment has launched an online benefits portal and total reward statements for all its permanent employees.The moves are part of a project to educate staff about their package and harmonise benefits across the organisation. A number of acquisitions and Transfer of Undertaking (Protection of Employment) (Tupe) transfers had ...
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Article
Interview with Brian Newman, international HR director at Live Nation Entertainment
Brian Newman, international HR director at Live Nation Entertainment, says HR and reward professionals must keep themselves current to maintain a high profile in the businessMadonna and the world of HR might not seem to have a great deal in common, but Brian Newman, international HR director at entertainment firm ...
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Analysis
How coalition government's measures affect benefits
If you read nothing else, read this...The coalition government has announced a wide range of new measures, policy reviews and consultations, affecting almost every employee benefit, since it came into power in May.One of the biggest changes has been around pensions tax for high earners, with the government looking to ...
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Article
Apcoa launches eyecare benefits
Parking management service firm Apcoa has launched corporate eyecare benefits, provided by Specsavers, to meet its requirements under the health and safety Display Screen Equipment Regulations.Of its 2,500 employees, around 100 are classed as users of display screen equipment. This includes those using traditional PCs, CCTV monitoring personnel and those ...
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Article
Kia Motors launches incentive compensation management system
Kia Motors UK has launched an incentive compensation management system.The Kia Incentive Management System will be used to help boost salesforce motivation and performance by improving the speed, accuracy and visibility of incentive payments.Through the system, which is provided by Merced, Kia will be able to: View all payments onlineDownload ...
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Article
Fine Tubes appoints BBS to manage final salary pension
Fine Tubes has appointed BBS Consultants and Actuaries to manage its final salary pension scheme.BBS will provide actuarial, administration and consultancy services to the trustees of Fine Tubes’ Retirement Benefits Scheme, which provides final salary benefits to over 500 current and former employees.Roger Johnson, chairman of the trustees of the ...
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Article
PruHealth completes acquisition of Standard Life Healthcare
PruHealth has completed its acquisition of Standard Life Healthcare.The acquisition will boost PruHealth's market share to 11%, demonstrating its commitment to the UK market and making it the fourth largest private medical insurance (PMI) provider in the UK.Neville Koopowitz, previously chief executive officer (CEO) of Discovery Health, has been appointed ...
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Article
Daily Mail and General Trust launches pensions website
Daily Mail and General Trust (DMGT) has launched a new website to help staff understand the broader financial context of their pension decisions.To promote the launch of its timeformoney.co.uk site, DMGT is inviting employees to enter a competition to win a free financial makeover worth £1,000 from leading financial advisers, ...
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Case Studies
Philips Electronics shapes perks to fit new company set-up
There is more to Philips Electronics than TVs and shavers; its perks have been revamped to reflect a new company structure, says Debbie LovewellThink of the company Philips and the first images that come to mind for many will be of televisions, DVD players and electric razors. But that is ...
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Analysis
Changing times for Telegraph Media Group
High-profile changes have been the big news for Telegraph Media Group’s pensions and benefits in the past three years, says Debbie LovewellDespite operating in a sector that was hit hard by plunging advertising revenue in the recession, Telegraph Media Group appears to have weathered the storm. According to the Audit ...
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Article
Resolution acquires Axa Life to integrate with Friends Provident
Resolution has acquired the majority of Axa’s UK life assurance business (comprising protection, corporate benefits, group pensions and annuities) in a deal worth approximately £2.75bn.Axa’s operations will be integrated into the Friends Provident business acquired by Resolution in November 2009. Axa’s wealth business, Axa Insurance, Axa PPP Healthcare and Bluefin ...
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Article
Budget 2010: Interim measures for compulsory annuitisation announced
From today (22 June), the government has pushed back the age at which pension scheme members must purchase an annuity from 75 to 77 as a temporary measure until it develops new permanent rules.Legislation to implement changes to the age at which pensions scheme members must buy an annuity or ...
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Article
Budget 2010: Insurance premium tax to increase
Insurance premium tax (IPT) is to increase from 4 January 2011.The standard rate of IPT will rise from 5% to 6%.IPT applies to private medical insurance and health cash plans. However, other long-term insurances, such as protection benefits will remain exempt from the tax as long as the policy is ...
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Article
Budget 2010: Bankers' bonuses to be reviewed
The government is taking action to tackle what it deems to be unacceptable bank bonuses.It is to consult on a remuneration disclosure service and, working with international partners, will explore the costs and benefits of a financial activities tax on profits and remuneration.The government has also asked the Financial Services ...
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Article
Budget 2010: Budget to scrap compulsory annuitisation at age 75
The government is to scrap compulsory annuitisation from April 2011. It will introduce transitional measures for individuals who have yet to secure a retirement income and will reach age 75 in the meantime.In his emergency Budget, Chancellor George Osborne said the government would shortly launch a consultation on the detail ...
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Article
Budget 2010: Government to review pensions tax changes for high earners
The government is to work with the pensions industry to consider alternatives to the reduction of pensions tax relief for high earners.In his Budget report, Chancellor George Osborne said the government would be willing to consider alternatives to this as long as it still achieved the £3.5 billion revenue that ...