All articles by Jennifer Paterson – Page 145
-
Article
North Yorkshire County Council sees substantial take-up of salary sacrifice car scheme
Over the past year 250 North Yorkshire County Council staff have selected low-emission cars through the council's salary sacrifice scheme ‘Everybody benefits’.The salary sacrifice car scheme is provided by Tusker, and the cars have been available to council staff since April 2010.Staff taking part are only allowed to choose cars ...
-
Article
GE Capital research: Less employers offering cash payment instead of company car
One-quarter (25%) of employers are offering a cash payment instead of a company car, down from 36% two years ago.The Company Car Trends research by GE Capital, Fleet Services surveyed 300 fleet decision makers.Gary Killeen, commercial director of Fleet Services at GE Capital UK, said: “In the early part of ...
-
Article
TomTom Business Solutions research: Employers unaware inaccurate mileage claims could increase tax
Almost half (47%) of employers that operate fleets are unaware that they could face tax bills for thousands of pounds if staff mileage claims are inaccurate, according to a study by TomTom Business Solutions.The research reveals that while 50% of respondents do not routinely double-check the accuracy of their drivers’ ...
-
Article
BGL Group launches financial education programme for staff
BGL Group has launched a financial education programme for its staff.The new Making the most of your money seminars cover areas such as basic financial planning, borrowing, savings and investment, as well as preparing for retirement.Since the scheme's launch in May, 170 employees have signed up for the sessions, which ...
-
Article
Standard Life research: A quarter of employees are not making full use of benefits
A quarter (25%) of employees are not making full use of their benefits package, according to research from Standard Life.Part of the Insights into Financial Responsibility report which polled 8,500 people, the research also found that 31% of respondents are not confident about their financial security at age 60, while ...
-
Article
Computershare Voucher Services research: Working parents unaware of all the uses of childcare vouchers
Just over half (56%) of working parents are unaware that childcare vouchers can be used to help with the cost of summer childcare including holiday sports courses and adventure camps, according to research by Computershare Voucher Services (CVS).The research, which surveyed more than 1,000 working parents, showed that only 1% ...
-
Article
HMRC changes company car advisory fuel rates
HM Revenue and Customs (HMRC) has announced a change to advisory fuel rates, applicable only to company cars.All the petrol rates have increased, ranging now from 15p for an engine size of 1,400 cubic centimetres (cc) or less and 26p for over 2,000 cc, while diesel rates are now between ...
-
Article
Prudential UK appoints pension scheme administrator
Prudential UK has appointed Xafinity Paymaster for the administration services of its money purchase pension (MPP) and group personal pension (GPP) schemes.Linda Conner, customer services manager at Prudential, said: “Xafinity Paymaster has provided pensions administration services to Prudential for many years.“Our decision to extend the activity undertaken by Xafinity Paymaster, ...
-
Article
ALD Automotive research: Employers unaware of CO2 emissions impact on NI contributions
Just over one-third (35%) of financial directors are unaware of the impact of carbon dioxide (CO2) emissions on national insurance (NI) contributions, according to research from ALD Automotive.The ALD Corporate Survey also showed that only 15% of respondents felt they had any detailed understanding of the costs associated with the ...
-
Article
Specsavers rolls out employee discounts scheme
Specsavers has launched an employee discounts website to cater to staff across its UK and Guernsey offices.Of the organisation’s 1,000 staff, just over 500 are based in Guernsey. Specsavers Perks, provided by Asperity Employee Benefits, was introduced to ensure that staff had offers that were applicable to them at the ...
-
Article
Britvic closes defined benefit pension scheme to future accrual
Soft drinks giant Britvic has closed its UK defined benefit (DB) scheme to future accrual for active members.The scheme was closed to new entrants in August 2002. Current members will move into the defined contribution (DC) scheme for future benefits.The latest formal actuarial valuation for contribution purposes was carried out ...
-
Article
JLT Pension Capital Strategies research: FTSE 100 pension liabilities improve to £32 billion
The total deficit of the FTSE 100 pension schemes totalled £32 billion at 31 March 2011, according to research by JLT Pension Capital Strategies. This amounts to an improvement of £36 billion on 12 months ago. The number of organisations disclosing a pension surplus has doubled from six to 12 ...
-
Article
Government launches consultation on abolishing tax reliefs
The government has launched a consultation on the removal of 36 tax reliefs including the provision of meals for bikes for work, luncheon vouchers, and life assurance premiums and life assurance premiums paid by employers under employer-financed retirement benefits schemes (Efrbs).This follows Chancellor George Osborne’s announcement in the 2011 Budget ...
-
Article
MNPA introduces a healthcare trust
Pensions provider MNPA has switched its private medical insurance (PMI) scheme to a healthcare trust.The switch, with provider Healix, was made to manage claims costs and improve the level of care to its employees.Elizabeth Dorey, HR manager at MNPA, said: "We wanted to improve the level of care we provided ...
-
Article
NAPF research: Only 49% of UK using a pension scheme for retirement savings
Only half (49%) of UK employees are saving for their retirement through a workplace or private pension.But 8% are relying on a lottery win and 9% are banking on an inheritance windfall, according to research from the National Association of Pension Funds (NAPF) and YouGov.The research, which surveyed 4,177 UK ...
-
Article
BGL Group launches monthly prize draw for staff
The BGL Group has launched a monthly prize draw for its 2,150 employees across the UK as part of efforts to create a fun working atmosphere.The insurance intermediary’s first ten winners were announced in April, and took home prizes ranging from luxury weekend breaks to shopping and holiday vouchers. Each ...
-
Article
Office for National Statistics research: Total pay and bonuses on the rise
Total pay and bonuses rose by 2.3% for the three months to March 2011, according to the Labour market statistics from the Office for National Statistics.Annual growth rate for regular pay, excluding bonuses, was 2.1% for the three months to March 2011, down from 2.2% for the three months to ...
-
Article
TUI Travel finalises funding plan for defined benefit pension schemes
TUI Travel has finalised its funding and management plans for its defined benefit (DB) pension schemes.The travel firm’s interim results stated that it had reached an agreement with trustees and unions to cap the rate of future growth of pensionable pay for its UK DB schemes to a maximum of ...
-
Article
Standard Life suspends Gerry O'Neil and James Verner
Standard Life has suspended Gerry O’Neil, managing director of corporate solutions, and James Verner, sales director at Vebnet, pending further investigation.The firm says it is unable to disclose the reason for the suspension at this time but adds that O’Neil had been relieved of his role after the launch of ...
-
Article
Towers Watson research: Pay issues are most important HR priority in financial services sector
A third of HR professionals from the financial services industry view pay issues as the most important HR priority, according to a poll conducted by Towers Watson.The Towers Watson Global Financial Services HR Study 2011, which involved 130 HR professionals from over 60 of the largest global banking and financial ...