All articles by Jennifer Paterson – Page 133
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Article
EXCLUSIVE: Which? increases pension scheme and PMI take-up
Comparison website Which? has increased the take-up of its pension and private medical insurance (PMI) schemes after adding personalised information to its total reward statements (TRS).Take-up levels for the pension scheme are now 82%, while take-up for the PMI scheme is at 56%.Since launching TRS in 2010 with provider Enrich ...
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Article
Nest Corporation will offer Nest to its employees
Nest Corporation will be one of the employers offering the national employment savings trust (Nest) to its employees, alongside a group personal pension (GPP) plan provided by Aviva.Nest Corporation is among a range of employers of different sizes and sectors using Nest ahead of the introduction of the 2012 pension ...
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Opinion
Chris Coyne: Should employers provide healthcare perks for older workers?
A quick look at the facts is interesting. In 1995 there were nine million people in the UK aged over 60; in 2030, just 19 years away, it is estimated there will be 13 million. And the trend continues for women to have children later in life. The abolition of ...
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Article
EXCLUSIVE: NHS trust switches to online childcare vouchers
Hillingdon Hospitals NHS Foundation Trust has switched its childcare vouchers provider, moving to an online scheme with iPhone accessibility.Take-up in the new scheme, provided by Busy Bees Benefits, has risen to 119 staff from just under 100 previously.The trust has offered childcare vouchers to its 2,500 staff for several years ...
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Article
Leicestershire County Council switches childcare voucher providers
Exclusive: Leicestershire County Council has switched childcare voucher providers.The council switched to Kiddivouchers from RSM Tenon after the latter provider discontinued its childcare services.Davendra Rana, benefits coordinator at Leicestershire County Council, said: “We have received good feedback so far. Once an employees’ payment has come out they will receive a ...
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Article
Santander launches salary sacrifice company car scheme
Santander has introduced a salary sacrifice company car scheme for its UK employees.The scheme, run by Zenith, is available to all staff. The banking group also launched a company car scheme only available to essential business users, which includes 750 eligible employees. The eligible drivers cover over 8,000 miles a ...
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Article
Emap completes buyout of defined contribution pension scheme
Emap has completed the buyout of its defined contribution (DC) pension scheme, which had 6,000 employee members.The scheme had assets before the transaction of around £140 million. The buyout was completed with assistance from Mercer and Capita Hartshead.As part of the buyout agreement, and depending on their membership status and ...
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Article
EXCLUSIVE: Mayer Brown rolls out emergency care plan in National Work-Life Week
Law firm Mayer Brown has introduced an emergency care scheme as part of a range of benefits events held during National Work-Life Week, from 26-30 September.The scheme includes emergency childcare, holiday care and care for dependent adults. In its first week, 5% of the firm’s nearly 600 employees signed up ...
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Article
EXCLUSIVE: BNP Paribas extends childcare service
BNP Paribas has extended the emergency childcare and carer service offered in its US banking division to its 3,500 permanent UK staff.The service provides up to 10 days’ emergency care for children in the form of a nanny or nursery place, or in-home care for dependent adults.The bank’s US offices ...
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Article
Aspire introduces GPP to prepare for auto-enrolment
EXCLUSIVE: Charity Aspire has rolled out a group personal pension (GPP) scheme in preparation for the 2012 pension reforms, and has launched an online flexible benefits scheme.The charity’s staging date, to comply with the reforms, is 2014, because it has 59 employees.Tasha Webster, director of operations at Aspire, said: “I ...
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Article
Sapient adds pension fund choices
Technology firm Sapient has halved its pensions annual management charge (AMC) by switching providers for its group personal pension (GPP).The firm has also introduced a self-invested personal pension (Sipp) and 12 core fund ranges.Sapient switched from Friends Life to Scottish Widows to reduce its AMC from 0.8% to 0.4%. In ...
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Article
EXCLUSIVE: Personal Group adds nurse advisory service to voluntary group income protection
Personal Group has added a nurse advisory service to its voluntary group income protection (VGIP) product.The Support product provides employees with a trained nurse via telephone support, referrals to other supporting organisations, and a home visit.Additional advice is also provided for family members affected by the incapacity.A clause has also ...
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Article
Alphabet finalises acquisition of ING Car Lease
International fleet management firm Alphabet has completed its acquisition of ING Car Lease.The acquisition, which was announced in July, was for a purchase price of €637 million, and was completed on 30 September.The integrated organisation will operate under the name Alphabet.The new organisation now has more than 460,000 financed cars ...
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Article
Sodexo adds Smartphone access to childcare vouchers
Exclusive: Sodexo Motivation Solutions has launched a product that allows its childcare voucher scheme users to access their accounts using a Smartphone.Employees can access a mobile-enabled website which works on all handsets. They can log in, view their statement, make a payment, and check which payments are pending. The site ...
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Article
CIPP research: Less than 10% of UK workers have option of flexible working
Less than 10% of UK employees have flexible working arrangements as part of their contract, according to research by the Chartered Institute of Payroll Professionals (CIPP).The research also found that over one-third (36%) would like to be able to work from home under flexible working arrangements. Nearly half (43%) were ...
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Article
Ernst & Young's maternity coaching webinars see increased take-up
Ernst & Young has seen a rise in the take-up of its maternity coaching webinars since they were launched in February 2011. The coaching covers all stages of pre and post-maternity, and help staff manage the transition in and out of the workplace successfully. So far, 500 employees have booked ...
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Article
National minimum wage to rise on 1 October
The national minimum wage will increase from 1 October.The main rate for employees aged 21 and over will increase 2.5% to £6.08 per hour.The rate for employees aged 18-20 will go up to £4.68 per hour.The rate for employees aged 16-17 will be £3.68 per hour.The national minimum wage rates ...
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Article
The Agency Workers Regulations comes in on 1 October
The Agency Workers Regulations (AWR) will come in on 1 October.The legislation means that, after 12 weeks of employment, temporary agency workers will have the right to the same basic working and employment conditions as if they had been recruited directly by the hiring organisation.This applies to pay, working hours, ...
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Article
Default retirement age to be scrapped on 1 October
The default retirement age (DRA) will be scrapped from 1 October, after a phase-out that started on 6 April 2011.The removal of the DRA means employers will no longer be able to issue notifications for compulsory retirement using the DRA procedure.Although the government is removing the DRA, individual employers will ...
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Article
Employee Benefits Live: Level of pay awards could rise in 2012 but pace will be slow
Levels of pay awards could rise in 2012 but the pace will be slow, said Ken Mulkearn, editor of the IDS Pay Report, in his session at Employee Benefits Live 2011.Outlining the latest picture on basic pay awards, Mulkearn showed that 3% has been the single most popular pay rise ...