All articles by Jennifer Paterson – Page 122
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Friends Life to launch online auto-enrolment product
Friends Life is to launch an online product that will help employers meet their duties under auto-enrolment, which comes into effect from October 2012.The online portal, which is designed to work with the provider's existing platforms, will collect information from employers' payroll and HR systems, and assess it against the ...
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Health Matters 360 introduces Olympic-themed wellbeing programmes
Health Matters 360 is introducing workplace health and wellbeing programmes aligned to the Olympic and Paralympic Games.The health and wellbeing provider will work with previous Olympics’ athletes to design corporate programmes to help employees achieve physical and emotional wellbeing.The programmes can be tailored to each organisation’s specific needs.Anna Hemmings, the ...
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Mercer appoints Paul Macro as head of defined contribution
Mercer has appointed Paul Macro head of defined contribution (DC) in its UK retirement business.Macro will be responsible for managing Mercer’s UK DC consulting team.He joins from Towers Watson, where he was senior consultant and a member of the DC management team. He also worked on formulating the consultancy’s response ...
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House of Fraser for Business launches e-gift card
House of Fraser for Business has introduced an e-gift card, which can be used by employers in motivation and incentive schemes.The e-gift card can be sent in PDF format via email so it can be printed and used in any House of Fraser store nationwide. The cards can be loaded ...
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Pensions Regulator to issue statement on recovery plans for defined benefit pensions
The Pensions Regulator will issue a statement in April to help trustees dealing with the valuation and recovery of defined benefit (DB) pension schemes.Stephen Soper, executive director for DB regulation at TPR, has announced it will also publish an annual statement setting out its stance.TPR will consult with the industry ...
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PizzaExpress enters motivation and incentives market
PizzaExpress has entered the corporate incentives market with the creation of PizzaExpress for Business.The reward and motivation division will supply gift cards and electronic rewards to employers across the UK and Ireland for use in employee reward and benefits schemes.The £10 and £15 gift cards will be pre-loaded with the ...
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Paradigm Group to launch corporate wrap business
Paradigm Group is to launch a standalone corporate wrap business.The independently-run business will join the consultancy group’s other businesses: Paradigm Partners, Paradigm Pensions and Paradigm Mortgages.Its corporate wrap product will include a group personal pension (GPP) plan, alongside a workplace independent savings account (Isa) and other savings vehicles.The product can ...
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Two-thirds of respondents expect pay to rise
Nearly two-thirds of accounting, business support and financial services employee respondents expect pay to rise in 2012, according to two salary surveys conducted by Morgan McKinley.The Accounting, finance and support UK 2012 survey was conducted in November 2011 among 350 HR and operational managers working with accountancy, finance and business ...
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Pay growth down in private and public sectors
Total pay, including bonuses, was down 0.2% on the three months to October 2011, with both the private and public sectors showing lower pay growth, according to figures by the Office for National Statistics (ONS).The Labour market statistics: January 2012 found that regular pay, excluding bonuses, rose by 1.9% on ...
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A third of employees will go to work ill due to economy
A third (30%) of employees are more likely to go into work ill due to the economic downturn, according to a survey by Nuffield Health.The Wellbeing at work survey, which polled 1,600 UK workers, also found that the group most likely to go into work ill is those earning below ...
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Toshiba and Verizon among employers awarded the Pension Quality Mark
Five organisations have been awarded the Pension Quality Mark (PQM) since the start of 2012.The firms are Cambridge Silicon Group, independent bank C. Hoare and Co, Toshiba, manufacturer Urenco and Verizon.Awarded by the National Association of Pension Funds (NAPF), the PQM recognises defined contribution (DC) pension schemes with minimum employee ...
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Clegg outlines plans to boost employee share ownership
Employees could be given the right to request shares in the organisations they work for under proposals put forward by deputy prime minister Nick Clegg.During a keynote speech to the CentreForum and the City of London Corporation on 16 January, Clegg outlined plans to boost employee share ownership by giving ...
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Majority of respondents offer flexible benefits
The majority (79%) of respondents to research by the Chartered Institute of Payroll Professionals (CIPP) offer flexible benefits to staff.The research, Flexible employee benefits survey, also found that 85% of employee respondents rate employee benefits as either important or very important.Of the benefits offered by the employer sample, the most ...
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BMW to return to discussions with trade union about pension scheme
BMW has agreed with trade union Unite to return to discussions on plans to close its final salary pension scheme to new entrants and the use of Swedish derogation in the Agency Workers Regulations (AWR).Following discussions between the car manufacturer and Unite on 12 January, BMW agreed to enter into ...
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Mercer appoints Gail Philippart to retirement services team
Mercer has appointed Gail Philippart as a principal in its retirement business, specialising in defined contribution (DC) pension advice.She will be responsible for managing Mercer’s DC consulting business in the southwest and Midlands.Philippart has over 20 years’ experience in the retirement industry. She joins Mercer from Aon Hewitt where she ...
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The Donkey Sanctuary to introduce payroll services system
International animal welfare charity The Donkey Sanctuary, which provides sanctuary for 14,500 donkeys in 29 countries, will introduce a financial management and payroll services system.The system, from Advanced Business Solutions, will go live in a phased approach from April 2012.The Donkey Sanctuary has grown in size in the past few ...
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Employees do not trust their pension scheme
The majority (86%) of employees have less trust in their workplace pension scheme than 15 years ago, an increase on the 74% that said the same in 2008, according to research by Towers Watson.The research on the future of workplace savings also found that two-thirds of organisations believe they are ...
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UK employees do not expect pay rise in 2012
Less than 30% of UK workers are expecting a pay rise in 2012, according to research by USwitch.com.The independent price comparison and switching service also found that 65% of respondents have suffered pay freezes, with 15% not seeing a pay rise for at least three years.For those expecting a pay ...
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Pension jargon puts savers off
One in three (29%) employees put off thinking about saving for retirement because they find pensions confusing, according to research by the National Employment Savings Trust (Nest).The Nest/YouGov survey, which polled nearly 2,000 UK adults, found that few respondents (6%) think pensions are straightforward, 4% find them easy to understand, ...
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EXCLUSIVE: British Airways appoints new employee discount scheme provider
British Airways has appointed Next Jump as provider of its employee discount scheme to give staff a wide range of offers. The new, Altitude Plus scheme launched in October 2011.A previous voluntary benefits scheme had been in place for more than three years until 30 June 2011 and was provided ...