All articles by Jennifer Paterson – Page 104
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13% of have made changes to improve wellbeing policy in light of 2012 sports
The majority (90%) of respondents said that a healthier workforce would benefit their business, but only 13% felt their organisation has made changes to improve health and wellbeing in light of forthcoming sports events this summer, according to research by Cisco.Its Health and wellbeing research investigated health and wellbeing policies ...
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Government sets outs remit for Low Pay Commission
The government has set out its remit for the Low Pay Commission (LPC) for its 2013 report.The independent body will continue to monitor, evaluate and review the national minimum wage and its impact, and review the levels of each of the different minimum wage rates.As part of its remit, the ...
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Centre for Policy Studies report puts forward recommendations for pensions industry reform
Public hostility towards the pensions industry contributes to Britain’s lack of a savings culture, according to a report by Michael Johnson, research fellow at the Centre for Policy Studies.The report, Put the saver first: catalysing a savings culture, puts forward 104 recommendations, including 19 primary proposals, for reform of the ...
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Enterprise management incentive (EMI) limit increase to take effect
The enterprise management incentive (EMI) individual limit increase, from £120,000 to £250,000, will take effect on 16 June 2012.The increase, which was announced in the 2012 Budget, will allow qualifying organisations to grant EMI options to employees over shares with a value up to £250,000.Employers that have already granted EMI ...
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T-Mobile reduces sickness absence using company choir
T-Mobile has reduced its sickness absence rates by 50% since it introduced a motivational choir at its contact centre in Merthyr Tydfil, Wales.The Sing and Inspire programme was introduced in April 2011. More than 200 employees take part in the vocal health training and vocal power course, while 100 employees ...
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The Pensions Regulator publishes guide on delivering good DC outcomes
The Pensions Regulator (TPR) has published a guide to help employers, trustees and providers deliver good outcomes from defined contribution (DC) pension schemes.The guide, Enabling a good member outcome in DC pensions, includes a list of features that represent its current view of the core components of a DC scheme ...
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Number of employees working beyond state pension age has doubled since 1993
The number of older workers has nearly doubled over the past 20 years, according to a report by the Office of National Statistics (ONS).The report found there were 1.4 million employees were working beyond the stage pension age in 2011, up significantly from the 753,000 who were doing so in ...
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Global organisations have less centralised benefits strategy
The more countries in which an organisation operates, the less centralised its benefits strategy is, according to research by ComPsych.Its Global trends report: global workforce needs are universal found that, among employers based in one to five countries, 72% said the benefits strategy was highly centralised.Among employers based in more ...
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High Court ruling will protect the pension benefits of Urenco employees
A ruling from the High Court on 12 June against nuclear fuel company Urenco will protect the pension benefits of 13,000 former employees of British Nuclear Fuels (BNF) and the UK Atomic Energy Authority (UKAEA).The ruling stated that the pension protection provided by the Energy Act 2004 for the former ...
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CSR appoints global share plan administrator
Wireless technology manufacturer CSR has appointed Killik Employee Services (KES) to administer its range of global share plans.The plans, which were previously administered in-house, include a range of option and share-based plans for 2,500 employees in 15 countries.Peter Leach, a director at KES, said “It is a big decision for ...
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Code of practice on enhanced transfer values and pension increase exchanges published
An industry working group has published a voluntary code of practice for incentive exercises on enhanced transfer values (ETVs).The code is made up of seven principles, which include:No cash incentives should be offered that are contingent on the member's decision to accept the offer.For transfer exercises, advice should be provided ...
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FTSE 350 pension deficits nearly double since end of 2011
Pension scheme deficits among FTSE 350 companies have nearly doubled since the end of 2011 to £90 billion in May 2012, according to research by Towers Watson.Its Defined benefits pension schemes: the impact on FTSE 350 company accounts at 31 December 2011, analyses the financial reports of 192 FTSE 350 ...
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A third of respondents are ready for auto-enrolment
A third (31%) of respondents are ready for auto-enrolment, according to research by Jelf Employee Benefits.The research, which was carried out last year, has found little improvement over the last 12 months. In 2011, 30% of respondents were prepared for auto-enrolment.This year’s research found that employers are more aware of ...
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Gender gap in expected retirement income is narrowing
The gender gap in expected retirement incomes has fallen to £5,750, down from £6,500 in 2011, according to research by Prudential.Its Class of 2012 study into the finances and expectations of those planning to retire this year found that the average woman expects an annual income of £12,250 in retirement, ...
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ACF Car Finance wins payroll-giving award
Car dealer ACF Car Finance has been awarded a platinum award by the Institute of Fundraising for its commitment to payroll giving.The platinum-level award, which was introduced in 2012 to mark the 25th anniversary of payroll giving, is held by 30 UK organisations.It celebrates employers that encourage staff to make ...
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Tyne and Wear Metro staff strike over pay dispute
Tyne and Wear Metro staff are taking strike action today, 7 June, in a dispute over pay.They are protesting against contractor DB Regio Tyne and Wear’s (DBTW) decision that contract pay will be decided by the average weekly earnings (AWE) rather than the higher retail prices index (RPI). DB Regio ...
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EXCLUSIVE: Microsoft switches flexible benefits providers and moves plan online
Microsoft UK has switched providers of its flexible benefits scheme and moved the plan online for the first time.The scheme, paper-based since 2003 and previously provided by Edenred, was relaunched in May using Thomsons Online Benefits’ Darwin platform.The move is intended to improve the employee experience, reduce administration for Microsoft’s ...
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EXCLUSIVE: Large employers celebrate Queen'’s Jubilee with staff
Employers such as Asda, B&Q, Health Shield, Marks and Spencer and Sainsbury’s celebrated the Queen’s Diamond Jubilee at the beginning of June with tailored recognition schemes and motivational events for staff.Asda awarded one employee in each of its stores and distribution centres the title of ‘Jubilee Colleague of the Day’ ...
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EXCLUSIVE: Bwin.Party rolls out global benefits programme
Online gaming company Bwin.Party has launched a global benefits programme to harmonise its perks as it makes new acquisitions.The firm has 2,700 staff spread across three continents. Its Just.Rewards programme, provided by Thomsons Online Benefits, will be launched in Bulgaria and India on 1 July, then in Austria, Israel, Italy ...
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Most respondents do not have formal cancer policy
Three-quarters of respondents do not have a formal policy in place for managing cancer among employees, according to research by independent financial adviser Helm Godfrey.Its research, Cancer in the workplace: its impact and how companies manage it, also found that 41% of respondents said dealing with cancer in the workplace ...