All articles by Jennifer Paterson – Page 138
-
Article
Royal Bank of Scotland's pay rates for temporary workers revealed in email
An email sent out by an employee at recruitment firm Hays has revealed the pay of over 3,000 temporary contractors at the Royal Bank of Scotland (RBS).According to the email, temporary staff at RBS were paid daily rates of up to £2,000.An RBS spokesperson said: "We are extremely disappointed that ...
-
Article
Admiral Group shares £8 million bonus pot with staff
Admiral Group staff will split an £8 million bonus payout from the organisation’s approved share incentive plan (Sip).The employee share scheme will distribute £8 million in shares to 5,700 staff, which works out to £1,500 worth of shares per employee.The payout comes after the firm posted a pre-tax profit of ...
-
Article
Nova Chemicals enters into pension insurance buy-out agreement
Nova Chemicals has entered into a pension insurance buy-out agreement with Pension Insurance Corporation.The buy-out agreement covers liabilities of £30 million and the manufacturer’s 155 pension scheme members.It is the result of a risk management approach taken by the scheme’s trustee, which saw the trustee invest in low-risk assets and ...
-
Article
Headlam Group halves pension scheme deficit
Headlam Group has reduced the deficit of its UK defined benefit (DB) pension scheme from £22.4 million to £11.5 million since March 2008.The reduction follows an enhanced transfer value (ETV) exercise, which offered deferred members of the UK DB pension scheme the opportunity to transfer out on enhanced terms.Since June ...
-
Article
Payroll Giving in Action launches smartphone payroll donation service
Payroll Giving in Action (PGA) has launched a smartphone-friendly payroll donation service called Go Mobile.Owners of smartphone devices, including iPhone, Blackberry and HTC, can access the online giving initiative, which allows employers to create and promote their own payroll giving website to employees.The site can be shared with employees electronically ...
-
Article
ITV protects pension scheme from longevity risk
ITV has partnered with Credit Suisse to protect its pension scheme from increasing longevity.Under the contract, the ITV pension scheme will make fixed monthly payments to Credit Suisse. In return, Credit Suisse will make payments to the scheme that broadly match the value of benefits being paid out.The fixed payments ...
-
Article
Aviva research: Over one third of employers that offer food to staff do not offer healthy options
Over one third (38%) of employers that offer food to staff do not provide healthy options, according to research by Aviva.The research, Health of the workplace, which surveyed UK employers and employees about issues relating to workplace wellbeing, also found that 43% of employees said their managers encouraged lunch breaks ...
-
Article
Healix Group employees to cycle 1,550 miles for charity
Employees at Healix Group are completing an 18-day cycling challenge to raise money for the British Heart Foundation.Starting off at Big Ben in London, the employees will cover 1,550 miles, cycling south to Portsmouth, taking an overnight ferry to France, before continuing through the Normandy and Loire regions, following the ...
-
Article
Jelf Employee Benefits: Most employers are not prepared for auto-enrolment
Most employers (71%) are not yet prepared for auto-enrolling employees into workplace pensions, according to research by Jelf Employee Benefits.The provider suggests that these organisations should consider incorporating their employer brand into their pension and benefits planning ahead of the 2012 pension reforms. The firm reasons that, post-2017 when occupational ...
-
Article
Morgan McKinley research: Dip in starting salaries in financial services
The average salary for employees in the financial services sector securing new roles in July 2011 dipped by 3% compared to salary levels for those starting new roles in July 2010, according to research by Morgan McKinley.The Morgan McKinley Employment Monitor found that the average salary for those securing new ...
-
Article
Zenith Provecta employees take part in charity and volunteering programmes
Zenith Provecta employees have taken part in fundraising activities and a local volunteering project.The fleet provider raised more than £1,100 for the automotive industry charity BEN through fundraising activities such as a barbecue, quiz, raffle, and an auction selling unused IT equipment to employees.Ian Hughes, commercial director at Zenith Provecta, ...
-
Article
Barnett Waddingham research: FTSE 350 pension scheme deficits were down in 2010
The aggregate pension scheme deficit for FTSE 350 organisations was £48.3 billion in 2010, down from £58.1 billion the previous year, according to research by Barnett Waddingham.The research, Impact of pensions schemes on UK business, which collected data from the 221 FTSE 350 organisations, that have a defined benefit (DB) ...
-
Article
RSA appoints new group reward and pensions director
Global insurer RSA has appointed Leigh Harrison as group reward and pensions director.Harrison begins her new role in October, and replaces Tim Rolfe who has moved to Prudential.Harrison joins RSA from Sainsbury’s, where she was head of executive and corporate reward.In her new role, Harrison will manage the Board Remuneration ...
-
Article
Goddard Perry Consulting acquires KKW Pensions Management
Employee benefits consultancy Goddard Perry Consulting (GPC) has acquired KKW Pensions Management.The acquisition follows GPC’s acquisition of HS Administrative Services from Aegon in 2010.Steve Goddard, managing director of GPC, said: “KKW is a valuable addition to our group and brings additional resources and weight to our proposition, especially in the ...
-
Article
Trinity Mirror cuts pension deficit by £43.6 million
Trinity Mirror has reduced its pension fund deficit by £43.6 million, which means it has fallen from £117.5 million to £73.9 million.The reduction, which took place over the first six months of 2011, was published in the newspaper group’s half yearly report.In 2010, which saw Trinity Mirror close a number ...
-
Article
JLT Pension Capital Strategies research: Fewer firms have high equity exposure in their pension schemes
IAG, BT and BAE Systems are among FTSE 100 firms with the highest equity exposure within their pensions schemes, according to research by JLT Pension Capital Strategies (PCS).Despite finding that FTSE 100 firms with high equity exposure within their pension schemes fell by an average of 26%, The FTSE 100 ...
-
Article
Towers Watson research: FTSE 350 pension deficit rises £2 billion a day
Pension deficits of FTSE 350 organisations have increased at an average rate of more than £2 billion a day during August, according to research by Towers Watson.The firm calculated that the aggregate deficit in FTSE 350 firms' defined benefit (DB) pension schemes has increased by £21 billion so far this ...
-
Article
Baring Asset Management research: 38% of British adults do not have a pension
More than one-third (13.6 million) of British adults do not have a pension, according to research by international firm Baring Asset Management (Barings).The research, conducted online by ICM research on behalf of the firm, surveyed 1,589 working UK adults.It found that 1.4 million aged 55 and older do not have ...
-
Article
Grass Roots Group and Cyclescheme staff to cycle for charity
Grass Roots Group and Cyclescheme employees will be raising money for the Willow Foundation by doing a 100-mile bike ride.Setting off from Cyclescheme’s head office in Bath on 19 August, the employees will finish the charity bike ride at Grass Roots Group head office in Tring, Hertfordshire.Daniel Gillborn, head of ...
-
Article
Mercer appoints new UK head of human resources
Mercer has appointed Mark Moorton UK head of HR.Moorton joins Mercer from Specsavers, where he has been international HR director since 2009.Previously, he held the position of HR and engagement director at Axa PPP Healthchare for nine years, and HR director at Centaur Communications.Read more articles on careers in the ...