All articles by Ian Silvera – Page 19
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Volkswagen alters exec remuneration
Volkswagen has altered its bonus structure for its board of management.Under its variable remuneration framework, members of this board receive a bonus, which relates to business performance over the previous two years, and a long-term incentive plan (L-tip) relating to the previous four fiscal years.The car manufacturer’s supervisory board has ...
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33 new international pension plans established in 2012
Thirty three new international pension plans (IPPs) were established in 2012, according to research by consultancy Towers Watson.Its annual International pension plan survey, found the total number of international plans managed by 391 responding employers now totals 403.The survey also found that international pension plans are being developed within multi-country ...
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Pension scheme membership falls
Workplace pension scheme membership dropped to 46% in 2012, according to research by the Office for National Statistics (ONS).Its 2012 Annual survey of hours and earnings: summary of pensions results, compiled before the introduction of auto-enrolment in October 2012, found that pension scheme membership hit a 15-year low in 2012.The ...
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Pay for financial sector executives expected to rise
Global financial services executives anticipate base salary increases of between 2.2% and 2.5% in 2013, according to research by consultancy Mercer.The Financial services executive compensation snapshot survey, published this week, analysed pay data for senior executives across 63 banks and insurance organisations operating in 21 countrie across Asia, Europe and ...
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Radiator water gives staff wings
Something for the weekend …Hapless Swedish airbase workers have been guzzling down the sweet, energizing nectar of radiator water for the past two years, The Local has reported.The gaff is down to a pipe being wrongly connected to a coffee machine.The thermal mishap was discovered when the base’s system was ...
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Physiotherapy union switches EAP provider
The Chartered Society of Physiotherapy (CSP) has switched the provider of its employee assistance programme (EAP).The physiotherapy union, which has 51,000 members, has appointed The Validium Group to provide the progragmme.Andrea Barber, head of human resources at CSP, said that the union wanted to have a support service in place ...
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Sodexo extends gift voucher offering
Sodexo Motivation Solutions (SMS) has added Boux Avenue, Oasis and Restaurant Choice to its multi-store gift voucher offering.SMS’ SayShopping Pass can now be spent in more than 12,000 shops across the UK, as well as on entertainment, sport and holidays.The vouchers can be used by employers to reward, incentive and ...
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Pension deficits hit £621 billion
UK corporate pension deficits rocketed to £621 billion between December 2012 and January 2013, according to research by Xafinity Consulting.The employee benefit adviser’s Corporate pension deficits tracker showed that the new total is 58% higher than deficit totals in January 2012.The increase is attributed to a 0.5% increase in the ...
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First Clarity trials health programme
IT consultancy First Clarity is among the employers trialling a new health and wellbeing programme with Focus Fitness UK.The Kickstart programme enables employers to offer staff a four-week programme of health and fitness activities in the workplace without committing to a long-term scheme.Nina Juss, chief executive officer at First Clarity, ...
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Pay increased at end of 2012
Salaries increased towards the end of 2012 and remained consistent, according to research by recruitment firm Office Angels.Its Quarterly salary update report found that most areas of the UK saw a small increase in salaries across almost all roles between the third and fourth financial quarters in 2012. The retail ...
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E.On to launch auto-enrolment system
E.On is set to launch an auto-enrolment management system to comply with its staging date of 1 April.The system, Enroller, provided by Benefex, will be available to all 12,000 UK employees, including 3,500 who are not currently pension scheme members.The utilities firm has offered a group personal pension (GPP) plan ...
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Enrich partners JargonFree on auto-enrolment
Benefits consultancy Enrich has partnered JargonFree to offers its auto-enrolment compliance software to its small and medium-sized employer (SMEs) clients.The product, which was launched in September 2012, will now be available through Enrich as a standalone system or it can be integrated into Enrich’s Benefits2go portal, which was launched in ...
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Scottish Life launches six new investment funds
Scottish Life has launched six new funds within its core investment fund range.The pension provider, which is part of the Royal London Group, now offers 164 funds from 29 fund managers.The new funds include four external funds, three of which are rated by independent investment research consultancy Morningstar OBSR, and ...
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Tusker launches portal to aid driver choice
Fleet provider Tusker has launched a site to help drivers select the most suitable car through a salary sacrifice scheme. The site includes an image gallery, independent road test and review information on each car from car-buying guide What Car? It also includes a page that allows employees to select ...
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Employers in Northern Ireland fail to tackle absence
Less than half (48%) of organisations surveyed in Northern Ireland have actively taken steps to reduce the number or duration of employee absences, according to research by investment advisory firm Kerr Henderson, group risk insurer Ellipse and private medical insurer H3 Insurance.The Employee benefits survey, which was completed by almost ...