All articles by Jennifer Paterson – Page 131
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Mercer introduces global health management product
Mercer has launched a global health (GH) management tool aimed at helping multinational employers create a uniform culture of health throughout the organisation.Mercer’s GH Accelerator helps organisations prepare for full global health management programmes by:Learning about health issues and opportunities around the worldPrioritising countries for health management interventionsAggregating and assessing ...
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EXCLUSIVE: European Bank of Reconstruction and Development sees benefits take-up rise after roadshow
The European Bank of Reconstruction and Development (EBRD) has increased take-up of its employee discounts scheme following a roadshow in October.The roadshow, held with provider Asperity Employee Benefits, gave the financial investor’s 1,400 employees the chance to ask questions about the scheme and take home gifts, such as piggy banks ...
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Turner and Newall pension scheme enters into £1.1bn bulk annuity contract
The trustee of the Turner and Newall (T&N) pension scheme has entered into a £1.1 billion bulk annuity contract with Legal and General.The scheme has been in the Pension Protection Fund’s (PPF) assessment period since 2006. However, because the scheme’s financial strength exceeds the threshold below which the PPF would ...
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Mercer research: Half of employers expect to outsource pension administration
Almost half (45%) of employers are expecting to outsource the administration of their pension schemes over the next three years, according to research by Mercer and Chatham Partners. The research, from a poll of a cross-section of large private and public sector organisations, also found that a further 10% expressed ...
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Ilford Imaging UK pension scheme transferred to Pension Protection Fund
The Ilford Imaging UK pension scheme has been transferred to the Pension Protection Fund (PPF).The transfer, which was completed by Independent Trustee Services (ITS), follows an assessment period for the 3,000-member scheme of one year.Ilford Imaging UK went into administrative readership in 2004, subsequently entering liquidation in October 2010, which ...
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Cineworld and Filmology partner for launch of digital cinema voucher programme
Cineworld and Filmology have partnered to introduce a digital cinema voucher programme.The programme enables employers to reward, motivate and incentivise staff via email or mobile.Bobbie Andrews, marketing manager at Cineworld, said: “Due to the increasing number of smartphones, digital codes and vouchers are now an inherent part of many people’s ...
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Goodman Masson to launch mortgage fund for staff
Financial recruitment firm Goodman Masson will introduce a mortgage fund to help its employees, most of whom are aged between 25 and 28, to get a step up on the property ladder.The fund, as reported by sister title Recruiter, is available from January 2012. It will give employees the opportunity ...
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Mercer research: One-fifth of employers have made plans for auto-enrolment
One-fifth (22%) of employers are some way into planning for auto-enrolment, according to research by Mercer.Among 200 private sector and public sector organisations, only 1% have already implementing their plan for auto-enrolment and another 1% are almost ready to deliver subject to final regulations.Only 2% of survey respondents said they ...
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Finmeccanica, Taylor Wimpey and Total E&P UK awarded PQM Plus
Finmeccanica, Taylor Wimpey and Total E&P UK have been awarded the Pension Quality Mark (PQM) Plus.The PQM, launched by the National Association of Pension Funds (NAPF) in September 2009, has been awarded to 125 pension schemes. It recognises defined contribution (DC) pension schemes with contributions of at least 15%, with ...
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JLT Wealth Management launches financial advice helpline
JLT Wealth Management (JLTWM) has introduced a financial advice helpline in preparation for the effects of the retail distribution review (RDR).Advice Centre, the telephone-based service, will support employers in providing financial advice to their employees.Karen McCaffrey, managing director at JLTWM, said: “High standards of fee-based financial advice for employers is ...
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Aon Hewitt research: 10% of pension schemes have funding-level triggers
One in ten pension schemes has funding-level triggers in place, according to research by Aon Hewitt.The survey, which covered schemes ranging in size from under £10 million to over £5 billion, found that the majority of funding-level triggers have been put in place within the last two or three years.Aon ...
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Whitbread wins top prize at payroll giving awards
Whitbread has been awarded the best overall payroll giving campaign at the National Payroll Giving Excellence Awards 2011.The hotel and restaurant organisation, which owns Premier Inn, Beefeater and Costa Coffee, was commended by the judges for a 20% take-up among its 35,000 employees. This was felt to be particularly impressive ...
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D Young boosts healthcare benefits with savings from pensions salary sacrifice
D Young has increased its healthcare provision with savings made from offering a pensions salary sacrifice arrangement.Its new health cash plan includes access to opticians and prescriptions for employees, and health screening and employee assistance programmes (EAPs) for family members.The firm already offers private medical insurance (PMI), health screening and ...
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Capita Hartshead staff volunteer in the community
Capita Hartshead employees in Sheffield will be volunteering with primary school students in a charity initiative designed to teach young people about business.The initiative, the Southey Rave (Raising aspiration and the value of education), run by Business in the Community (BITC), was first piloted in Leeds, where it was a ...
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NAPF research: One in three accept a job without knowing about the pension
One-third (31%) of employees accept a new job with no idea about whether it comes with a pension scheme, according to research by the National Association of Pension Funds (NAPF).The survey, run by pollsters Populus, showed that 25% started their first day in a new job without knowing if a ...
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Capita TV Licensing workers strike over low pay offer
Capita TV Licensing workers are striking today over a below-inflation pay offer.The offer, £550 for 2010 and £600 for 2011, represents a minimum increase of 2.6% and 2.7%, respectively. This falls short of the retail prices index (RPI) levels, which have averaged 5% since April 2010.Workers across the UK, working ...
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Draka UK appoints SEI for fiduciary management of DB scheme
Draka UK has appointed SEI to provide fiduciary management services for its defined benefit (DB) pension scheme.The appointment followed a formal review process of fiduciary managers conducted by KPMG Investment Advisory. KPMG assisted the trustees in managing a request for proposal and individual site visits.Alex Carter, trustee and finance director ...
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DLA Piper research: Employers encourage social media for work activities
Many employers (65%) actively encourage the use of social media for work-related activities, according to research by DLA Piper.The report, Knowing your tweet from your trend: keeping pace with social media in the workplace, addresses the problems that employers face keeping up with social media and the procedures that can ...
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LCP Ireland research: Irish DB pension liabilities fall by €2 billion
Defined benefit (DB) pension scheme liabilities of the top 30 publicly-quoted Irish organisations and 11 semi-state organisations fell by over €2 billion to €24 billion in 2010, according to research by LCP Ireland.Of the organisations analysed, the research found that approximately half had recognised a reduction in their pension liabilities ...
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Immedia Group launches radio station for employees
Immedia Group, which provides radio and in-store media for retailers, has launched its first radio station dedicated to its own employees.The station, which will be broadcast at Immedia’s headquarters in Newbury, will play a mixture of music, organisation news and features, as well as providing a pilot for new services ...