All articles by Jennifer Paterson – Page 121
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Friends Life launches workplace savings platform
Friends Life has launched an online workplace savings platform, which includes a pension scheme, individual savings accounts (Isas), and investment accounts.Its My Money platform, which provides information and educational support products, will allow employers to offer pension and non-pension savings in one place, tailoring the benefits package to enable staff ...
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Government to create a system of police pay that saves £150 million a year
Home secretary Theresa May has approved a pay deal for police in England and Wales that will save an estimated £150 million a year.The home secretary told an audience at the Institute of Civil Engineers on 30 January that police reforms will not just save money but equip the police ...
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Maybourne Hotel Group rolls out payroll management system
Maybourne Hotel Group has introduced a system to manage its payroll process for 1,500 employees.The system, provided by Kronos, will reduce the time spent on processing payroll by 50%.The hotel group’s staff are based at three hotels in London: Claridge’s, The Berkeley and The Connaught.Ralf Balzer, director of information technology ...
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Denplan introduces online portal
Denplan has launched an online portal for employees to track their dental claims.The portal allows employees to submit claims online, track their claims, view policy terms and conditions, update contact details, and request up-to-date benefit statements via email.Jo Winkle, corporate customer services manager at Denplan, said: “Our customer services advisors ...
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Serco Docklands staff to be awarded Olympic bonus
Serco Docklands employees, working on the Dockland Light Railway (DLR), will get a bonus deal worth £2,500 for working during the Olympic and Paralympic Games.The deal is made up of a guaranteed attendance payment of £900, paid at £100 per week over a nine-week period for all staff in every ...
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Saga saves on administration by using online payslips
Saga has introduced online payslips to increase efficiencies across the organisation.Since the over-50s insurance, holidays and homecare organisation introduced the system in April 2011, it has noticed considerable time and cost savings, including two days saved every month by eliminating the need to product and distribute payslips manually.Employees can log ...
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Mercer to acquire Norwegian investment and pensions consulting firm
Mercer has signed a definitive agreement to acquire Pensjon and Finans, a Norwegian-based investment and pensions consulting firm.The closing of the transaction is subject to regulatory approval and other conditions. Terms of the agreement have not been disclosed.The acquisition will give Pensjon and Finans’ existing employers access to Mercer’s range ...
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UK Mail introduces payroll and HR service
UK Mail has introduced a payroll and HR service for its 3,000 employees.The mail and logistics service provider has signed a five-year contract with NorthgateArinso to use its Resourcelink Aurora product.Kelly Rock, HR director at UK Mail, said: “We have worked with NorthgateArinso for a number of years.†“The relationship has ...
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Employers to focus on aligning pay awards and performance
The alignment of pay awards and individual or business unit-performance is the top priority for UK employers in 2012, according to research by Curo Compensation.The first annual UK compensation trends survey, run jointly with HR recruitment firm Digby Morgan, found that 40% of respondents intend to increase the differential in ...
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Evans Cycles launches online hire agreements for bikes for work
Evans Cycles has introduced a facility to enable participants in its bikes-for-work scheme, Ride2Work, to complete hire agreements online .The facility is aimed at reducing the administrative workload for employers, while speeding up the application process for staff joining a workplace salary sacrifice bikes-for-work scheme.Mark Brown, head of Ride2Work at ...
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Reed Group loses tribunal appeal on salary sacrifice arrangements
Twelve Reed Group organisations have lost an appeal in a case that concerned the tax treatment of travel and subsistence payments to staff.The scheme was set up by way of a salary sacrifice arrangement.The case, in the First Tier Tribunal, concerned payments made between January 2001 and April 2006 to ...
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A third of respondents would rely on employers' sick pay if unable to work
A third (31%) of respondents to research by Friends Life would rely on sick pay from their employer if they found themselves unable to work.Who can you rely on when times are tough?, which surveyed 2,000 employees, also found a similar number of respondents did not know how long their ...
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Aegon outlines plans for online auto-enrolment portal
Aegon has outlined plans for its online auto-enrolment proposition that it expects to launch in the fourth quarter of 2012.The life insurance and pension provider is also in discussion with the national employment savings trust (Nest) to determine how it will integrate the government scheme into its workplace savings proposition ...
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Glenmorangie and Avery Dennison introduce workplace savings platform
Scotch whisky distiller The Glenmorangie Company and office materials manufacturer Avery Dennison are among 25 employers that have introduced a workplace savings platform provided by consultancy Mercer.In doing so, Glenmorangie was looking to save cost and strengthen the existing governance structures for its defined contribution (DC) pension arrangements.Ian Drysdale, HR ...
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Pension consultancies partner to launch public sector pensions offering
Atkin and Co, Pinsent Masons and Jackal Advisory have joined forces to launch a pensions offering for the public sector, focused on meeting the needs of not-for-profit bodies and charities that are part of the Local Government Pension Scheme (LGPS).The three pensions and consultancy firms will offer liability management services ...
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Mazars launches employee benefits business
Accountancy firm Mazars has launched an employee benefits business to help employers implement and manage employee benefits packages.The announcement comes after the acquisition of Redbourne Employee Benefits in April 2011. The new business is formed from people from the Redbourne business and Mazars Financial PlanningRichard Stewart, head of employee benefits ...
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Devon County Council increases eyecare voucher take-up
Devon County Council has increased take-up of eyecare vouchers to 550 since it switched providers in August 2011.The council, which has 4,000 employees classified as visual display unit (VDU) users, switched to Specsavers after conducting a tender exercise.Jason Wilson, business support manager and part of the Wellbeing@Work services team at ...
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Government rolls out auto-enrolment advertising campaign
The government has rolled out an advertising campaign aimed at getting millions of people saving for retirement.The campaign, launched on 23 January, comes ahead of the start of auto-enrolment into workplace pensions, beginning in October 2012 for the largest employers.It will explain the fundamentals of auto-enrolment and signpost people to ...
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Wages fell 4.2% in last year
Real wages have fallen 4.2% (equivalent to around £650) over the last year, according to research by independent think tank the Resolution Foundation.Its annual research, Squeezed Britain, found that even if income growth returns to the strong levels seen in the late 19902 and early 2000s, it will take until ...
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Goddard Perry Consulting launches master trust as auto-enrolment option
Goddard Perry Consulting (GPC) has introduced a master trust to help employers comply with auto-enrolment.The Pensions Master Trust (TPMT) will be priced at an annual management charge of 0.5% with no other regular administrative fees or set-up costs. It offers a wide range of investment funds and allows members to ...