All Financial wellbeing articles – Page 69
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ArticleNHS offers 3% pay rise to nurses and cleaners
The NHS has agreed to a 3% pay rise for nurses and other health workers in England and Wales after accepting the recommendations in full of the NHS independent pay review bodies.However, some nurses are threatening industrial action over the offer. A Royal College of Nursing (RCN) spokesperson said members ...
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ArticleSheffield College staff vote for pay-related strike
Staff at The Sheffield College in Yorkshire, UK have voted to strike in a dispute over pay.The University and College Union (UCU) said 89% per cent of its members backed strike action on an average turnout of more than 62%. Members were angry at the 1% pay offer recommended by ...
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ArticleVertu Motors introduces enhanced maternity pay
Vertu Motors has launched an enhanced maternity pay scheme to support its employees and boost its commitment to delivering a more gender balanced workforce.Staff will be entitled to the scheme if they have been continuously employed by the group for at least 52 weeks. Under the Statutory Maternity Pay (SMP) ...
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AnalysisHow can Covid-19 benefits survive and thrive in the long term?
Need to know:Benefits have evolved during the pandemic, with the initial care packages morphing into more structured benefits propositions. But what will we keep and what will fade away?For the employers that can offer it, flexible working is here to stay. The genie’s out the bottle and employers should realise ...
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Supplier articleFinancial Wellbeing: Why It Matters Now
The impact of Covid-19 has had an undeniably profound effect on the wellbeing of the UK population with one in five adults experiencing depressive symptoms in early 2021, more than double that seen before the pandemic1. Whilst most employers may have already implemented a traditional mental and ...
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ArticleGround Control becomes living wage employer
Essex, UK-based landscape and maintenance contractor Ground Control has become a Living Wage Foundation accredited employer.The organisation's employees across the country will now earn £9.50 per hour, or £10.85 if they are based in London. Both rates are higher than the UK government minimum wage for people over the age ...
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ArticleAgfa UK completes £230 million bulk annuity deal
Analogue and digital imaging systems producer Agfa UK has completed a £230 million bulk purchase annuity transaction with Phoenix Group, covering 70% of the scheme’s pensioner liabilities.The buy-in is the first bulk annuity undertaken by the scheme. As part of the trustee’s long-term de-risking strategy, additional funding support which facilitated ...
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ArticleFormer Carillion staff win compensation pay ruling
A group of former Carillion staff have won a legal ruling about whether they were fairly compensated when the construction business collapsed in January 2018.An employment appeal tribunal ruled that 263 former employees represented by the Unite union have the right to seek compensation in a full seven-week hearing due ...
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ArticleLow earners lose employer pensions contributions
Low-paid UK workers who lost income during the Covid-19 (Coronavirus) pandemic have missed out on employer pension contributions estimated to be worth £122 million, according to new research.The figure was calculated by pensions specialist Scottish Widows in its latest Retirement report, which was carried out online by YouGov among 5,059 ...
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Supplier articleWebinar: Workplace Financial Wellbeing
As a business, you may already know that your people would benefit from support on financial matters, but you may be unsure about what you’re able to do and where you may need support. Join us on the 20th July at 2 pm where we’ll be sharing ...
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ArticleWhittington Health becomes living wage employer
The Whittington Health NHS Trust has become a Living Wage Foundation accredited employer.The trust, which runs the Archway, London-based hospital, will join 166 others that have already received this recognition after it committed to paying all staff, and its contractors, an hourly rate of at least £10.85.The living wage set ...
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ArticleBMA offers enhanced shared parental leave to GPs
The British Medical Association (BMA) has announced that salaried GPs in England can now access enhanced shared parental leave above statutory pay.The new enhanced system, which will be offered at general medical services (GMS) and some personal medical services practices (PMS), allows for up to 50 out of 52 weeks ...
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Article24% asked for financial support in pandemic
A quarter of employees have had to ask family and friends for financial support during the Covid-19 (Coronavirus) pandemic, almost triple the number who did so in April 2020, according to new research about the future of work.The survey, which was carried out among 2,001 UK workers by Barnett Waddingham, ...
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Article57% want their pension to be invested responsibly
New research has found that while approximately 3.14 million people (15%) currently invest responsibly in their pension either through their workplace or privately, an additional six million could change to responsible investing once they understand what it involves.Mutual pension provider Royal London revealed that more than half (57%) want their ...
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ArticleTransUnion launches flexible Fridays for UK staff
Global insights, information and credit reference agency TransUnion is allowing its 700 UK members of staff to take off Friday afternoons to focus on their personal development and wellbeing.Dubbed Flexible Fridays, the initiative has been launched in recognition of the impact the Covid-19 (Coronavirus) pandemic has had on employees. Under ...
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ArticleShetland Islands Council gender pay gap falls to 5.9%
Shetland Islands Council has announced that its gender pay gap has fallen to 5.9%, having been as high as 11.21% five years ago.The council’s pay gap, which is the difference between the average earnings of men and women, has gradually reduced over recent years, standing at 7.9% in 2017/2018. The ...
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ArticleJason Green: How has the government’s decision to prolong home working impacted employers?
The impact of the Covid-19 (Coronavirus) pandemic and the requirement to work from home has not been bad news for all. Many employees who can work from home have found the flexible working hours, time saved on commuting and additional money saved on travel, and that morning coffee and lunch ...
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ArticleCumbria has the largest pay gap in England
Newly published research has found that Cumbria has the biggest county pay gap in England, with a £500 weekly wage difference between the highest and lowest earnings areas.The study by international payment provider RationalFX involved analysing the median gross weekly earnings for full-time employees in more than 300 local authority ...
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ArticleDundee Heritage Trust becomes living wage employer
Dundee Heritage Trust has become a Living Wage Foundation accredited employer.The organisation, which is an independent charity?that runs the Verdant Works and the Discovery Point museums in Dundee, will join 165 others that have received this recognition.According to the trust, it was heavily affected by the lockdown due to the ...
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ArticleGivaudan completes £64 million bulk annuity deal
Flavours and fragrances manufacturer Givaudan has announced the defined benefit (DB) pension liabilities of its UK pension plan have been insured by Aviva.The £64 million bulk purchase annuity transaction means the DB pension liabilities for the 277 members of the scheme are protected, with the insurance provider taking responsibility for ...