All articles by Ian Silvera – Page 6
-
ArticleStandard Life launches online auto-enrolment product
Standard Life has launched an online, five-stage pensions auto-enrolment product.It is aimed at helping Standard Life’s existing employer clients to convert their current pension arrangements to a qualifying workplace pension scheme (QWPS) that complies with auto-enrolment legislation.The five-stage process allows employers, and their advisers, to work through the key decisions ...
-
Article
Employees want to work flexibly
More than 50% of respondents would like the opportunity to work flexibly, according to research by real estate software organisation Planon Software.Its survey, which questioned more than 100 employees, indicated that employers could gain a number of benefits by introducing more flexible-working policies.Tim Clapham, marketing director at Planon, said: “There ...
-
Article
Barclays and Benefex partner for auto-enrolment services
Barclays Corporate and Employer Solutions (C&ES) has partnered with Benefex to deliver pensions auto-enrolment services to employers.Barclays C&ES is to use Benefex’s Enroller technology and additional services to support employers through the auto-enrolment process.Enroller is part of the Benefex’s RewardHub portal, which manages all aspects of auto-enrolment, including administration, employee ...
-
ArticleUK tops millionaire bankers league table
There are more than 2,000 millionaire bankers in the UK, according to research by the European Banking Authority (EBA).Its High earners 2010 and 2011 data, which looked at the remuneration of European Union (EU) bank staff who received €1 million [£865,260] or more in total in 2010 and 2011, found ...
-
Article
Majority of new jobs are low paid
Nearly 80% of net job creation since June 2010 has taken place in industries where the average wage is less than £7.95 an hour, according to research by the Trades Union Congress (TUC).The UK’s low pay recovery research found that, of the 598,000 net rise in new jobs across high ...
-
Article
EU CEOs' base salaries stand at £1.14m
The median base salary of chief executive officers (CEOs) across Europe is €1.325 (£1.14) million, according to research by Fit Remuneration Consultants.Its survey, which examined pay practices within the FTSE Eurotop 100 (the 100 largest European employers by market capitalisation), found that 45% of CEOs in this group received no ...
-
Article
Songs of soap opera
Something for the weekend…What better way to get together with your fellow employees in the summer months than to start a choir?The cast and crew of popular TV soap opera Coronation Street have done just that.The sing-alongs, which cost £3 a head and are provided by Voiceability, could be a ...
-
ArticleIPSA proposes £74,000 annual salary for MPs
The Independent Parliamentary Standards Authority (IPSA) has called for MPs pay to rise to £74,000 in 2015.The proposed 9.75% increase, up from the current salary of £66,396, comes as the IPSA also launched a consultation on MPs’ pay and pensions.The consultation, which runs until 20 October 2013, contains the following ...
-
Article
Barclays Cycle Hire staff to strike over pay
Employees of the Barclays Cycle Hire scheme have voted for industrial action in a row over pay.The workers cited the imposition of a 2% pay increase for 2013 and a stop to overtime.The employees will stop overtime work from midnight on Tuesday 16 July.The Rail, Maritime and Transport (RMT) trade ...
-
Article
London graduate starting salaries at £28,500
London attracted the highest median graduate starting salary of £28,500 in the first half of 2013, according to research by the Association of Graduate Recruiters (AGR).The AGR Graduate recruitment summer survey 2013, which questioned 209 AGR members, also found that the West Midlands, Scotland and the east of England are ...
-
Article
Royal Mail staff set to receive £2,000 share payout
Royal Mail employees are to be offered shares worth up to £2,000 as part of the organisation’s privatisation process.Vince Cable, business secretary, has confirmed that the government will give Royal Mail staff 10% of shares in the organisation, following its proposed flotation on the the London Stock Exchange. The government ...
-
Article
Flexible benefits plans used to boost engagement
EXCLUSIVE: Nearly three-quarters (70%) of respondents now offer flexible benefit schemes, up from 62% in 2012, according to research by consultancy Aon Hewitt.Its 2013 Benefits administration survey, which questioned 361 HR practitioners and pension managers, found that 73% of respondents outsource the administration of their flex schemes, up from 60% ...
-
Article
EMI Group completes DB pension buyout
EMI Group has completed a £1.5 billion pension insurance buyout for its defined benefit (DB) pension scheme.The buyout, which was completed by Pension Insurance Corporation (PIC), covers 20,000 members.Citigroup has been the sponsoring employer of the EMI Group Pension Fund since 2012. It was advised by consultancy Mercer on structuring ...
-
Article
RTI drives rising compliance costs
The total cost of compliance for small and medium-sized enterprises (SMEs) now stands at more than £18.2 billion, according to research by the Forum of Private Business.Its Referendum 204 report: the cost of compliance survey, which questioned 4,000 forum members, found that SMEs now pay 11% more to external providers ...
-
Article
Value of executive pension provision rises to £242,000
The average value of a FTSE 100 executive’s pension provision has risen to £242,000 over the past two years, according to research by consultancy Lane Clark and Peacock (LCP).The 2013 LCP FTSE 100 Executive pensions survey, which questioned 340 executive employees in FTSE 100 organisations, showed a 7.5% rise in ...
-
Article
Kenwood enters DB pensions buy-in
Kenwood Pension Scheme has entered into a buy-in agreement for its UK defined benefit (DB) pension scheme.The agreement, with Legal and General, enables the trustees of the pension scheme to insure its remaining liabilities, which mainly cover members yet to retire.The transaction incorporates a deferred premium facility, which means that ...
-
Article
Gamevy staff take salary cut for employee ownership
EXCLUSIVE: Gamevy, an organisation that builds online game shows, has been set up as an employee-owned model, offering its staff a stake in the business rather than a salary.Four of the eight-week-old start-ups’ five employees do not receive a salary.Paul Dolman-Darrall, chairman of Gamevy, said: “Every single person in our ...
-
Article
Sodexo launches online incentive and reward portal
Sodexo Motivation Solutions has launched an online incentive and reward product.Its Reward Portal Premium allows employers to recognise employees’ work by using a choice-based approach to incentivising and rewarding staff.Employees can collect recognition points for various achievements and then select their reward from an online reward catalogue.Iain McMath (pictured), managing ...
-
Article
Run to the bar ... run from constituents
Something for the weekend …MPs may be seeing more of the number of the beast, or rather blurring lights, as Iron Maiden’s specialist ale has been stocked in the House of Commons’ drinking hole.The Strangers’ Bar, which regularly hosts guest ales, introduced the beer after Mike Weatherley, MP for Hove, ...
-
Article
Employee ownership guidance published
The government has published joint government and industry-led guidance aimed at helping organisations move towards employee ownership.The announcement, from business secretary Vince Cable, came on the first Employee Ownership Day on 4 July.Cable also confirmed that the government is to set aside £50 million each year from April 2014 to ...