All articles by Jennifer Paterson – Page 108
-
Article
MetLife Assurance: Employers take primary responsibility for de-risking pension schemes
Employers have become more engaged with the management of defined benefit (DB) pension schemes and increasingly take primary responsibility for de-risking, according to research by MetLife Assurance.The research found that 61% of respondents with turnover of more than £1 million accept primary responsibility in partnership with trustees or sole responsibility ...
-
Article
EXCLUSIVE: Northern Rail increases employee engagement year-on-year
Northern Rail has increased employee engagement year-on-year, according to the results of its latest engagement survey.The train company has been conducting the survey among its 4,800 employees since 2009. It measures five engagement areas: reward, work environment, training and development, and line-of-sight (an awareness of business objectives and performance management).†In ...
-
Article
HMRC to rewrite RDR guidelines
HM Revenue and Customs (HMRC) is to rewrite its retail distribution review (RDR) consultancy charging guidelines, reports Employee Benefits’ sister publication, Money Marketing.Under the retail distribution review (RDR), after 1 January 2013, all independent financial advisers and employee benefits consultants will be remunerated on a fees rather than a commission ...
-
Article
British Nutrition Foundation launches online health and wellbeing training for employees
The British Nutrition Foundation (BNF) has launched the first module in a series of online training packages, which can be incorporated into an organisation’s health and wellbeing programme for staff.The module, ‘Introduction to healthy eating and nutrition’, can also be used as a standalone course and takes up to four ...
-
Article
40% of retirees would work past age 65
Two in five (40%) employees planning to retire this year would be happy to work past 65 if they had the chance, according to research by Prudential.The Class of 2012 survey, which looked at the finances and expectations of those planning to retire in 2012, found that 48% of men ...
-
Article
Zipcar launches salary sacrifice scheme
Zipcar has launched a salary sacrifice arrangement for employers to offer to staff.The car-sharing organisation offers access to a range of low-carbon cars on a pay-as-you-go basis, for anything from one hour to a week at a time.The salary sacrifice scheme allows employees to sacrifice a specified amount of their ...
-
Article
Majority of respondents do not know how their DC pension is invested
Nearly nine out of 10 (88%) UK adults invested in defined contribution (DC) pension schemes cannot name, or do not know, all of the funds their pension contributions are invested in, according to research by Standard Life.Its DC investments research, which surveyed 2,035 adults, also found that three-quarters (74%) of ...
-
Article
Many business drivers would not switch to electric cars
More than half (68%) of drivers would not change their existing company car for an electric car, according to research by ALD Automotive.The research, which surveyed 1,000 employee drivers, found the main reasons for this include: a lack of suitable models on offer (60%) and a lack of charging points ...
-
Article
Vauxhall signs four-year pay deal and flexible working arrangement
Vauxhall has signed a four-year labour agreement for the 2,200 employees at its Ellesmere Port manufacturing plant in Chesire.The agreement includes a wage arrangement, which runs from 2013 to 2017. For the first two years of the arrangement, there will see a pay freeze, while the latter two years will ...
-
Article
Towers Watson launches defined contribution pension app
Track My Pension, which is available to all UK workplace pension schemes administered by Towers Watson, allows employees to view their current fund value, projected benefits, latest transactions, and the performance of their funds.The app is available on iPhones and iPads. A version for Android smartphones will be launched as ...
-
Article
West Lothian Council adds electric car to fleet
West Lothian Council has added an electric car to its 300-car fleet in a five-year deal with Automotive Leasing, the public sector division of fleet management organisation LeasePlan.Cairngorms National Park and Highland Council, both in Scotland, have also ordered electric cars through the fleet management firm for delivery later this ...
-
Article
30% of respondents do not communicate pensions to staff
Almost a third (30%) of respondents do not communicate with employees about their pensions, according to research by Aviva.The first Aviva Working lives report surveyed 2,004 private sector employees and 210 employers in the first quarter of 2012.A quarter (24%) of employers surveyed leave it to the pension provider or ...
-
Article
Third of employers to increase benefits spend in 2012
More than a third of employers plan to increase their spend on employee benefits in 2012, according to research by the Chartered Institute of Personnel and Development (CIPD).The CIPD/Benefex reward management survey 2012 also found that only 18% of respondents provide total reward statements (TRS) to staff and 20% offer ...
-
Article
Ford employees to be balloted for industrial action over pensions and pay
Ford employees will be balloted for industrial action over changes to their pensions and pay rates.The changes include the closure of the final salary pension scheme to new joiners and lower rates of pay for new joiners.The union Unite has been attempting to reach a deal on behalf of the ...
-
Article
EXCLUSIVE: Nomura develops parental transitions programme
Investment bank Nomura has developed a parental transitions programme that puts all its benefits for working parents in one place, and has brought in a range of perks targeted at new parents.The new benefits include career-coaching sessions for expectant parents before leave, once they have returned to the workplace, and ...
-
Article
EXCLUSIVE: JP Morgan uses NI savings to relaunch flexible benefits scheme
JP Morgan has used its employer national insurance (NI) savings from offering some benefits via salary sacrifice to fund the rebranding and relaunch of its flexible benefits plan.The financial services firm has operated an unchanged flex plan for five years. But access to its benefits was previously split across various ...
-
Article
EXCLUSIVE: GKN focuses on employee wellbeing
GKN is to add a variety of health and wellbeing benefits to its flexible benefits scheme for this year’s enrolment window.The global engineering firm, which has 6,000 UK staff, is introducing modular wellness programmes tailored for each of its 14 sites. It will also have wellness champions, walking clubs and ...
-
Article
European employers move to outsource flexible benefits
?Many European employers have outsourced their flexible benefits plan over the past three years, according to research by Mercer.Its European employee choice in benefits survey 2012, which polled 560 respondents across 12 European countries, found that where respondents operated a comprehensive flex programme, only 16% managed it exclusively in-house, a ...
-
Article
Whitbread recruits John Farrell
?Whitbread has appointed John Farrell reward manager – benefits and incentives.Over 30 years in the benefits and reward industry, his previous positions include: reward and performance management manager at Lebara Mobile; compensation and benefits manager at SThree; HR operations consultant at Thomson Reuters; senior compensation specialist at Network Rail; senior ...
-
Article
EXCLUSIVE: Unilever offers health screenings to staff
?Unilever is offering its 7,000 staff in the UK and Ireland voluntary health screenings through its Fit Business scheme, which integrates medical and occupational health initiatives.The screenings, provided by Screenetics, will be rolled out to 26 sites over eight months. They include blood pressure, height, weight, hip/waist ratio, and blood ...