All articles by Jennifer Paterson – Page 149
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Benefits communication consultancy launched
Face to Face Consultancy has launched as a specialist employee communications consultancy.The organisation will work with employers, providers and intermediaries to communicate pensions and benefits effectively. A team of specialists will go into workplaces to answer employees’ pensions and benefits questions in person.Greg Thorley and Richard Ayers, both formerly of ...
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Grass Roots raises over £4,000 for charity
Grass Roots’ employees have raised over £4,000 in one month for its new corporate charity, Kidscape.The partnership between Grass Roots and Kidscape began in March 2011 with a balloon release from each of Grass Roots’ three sites, and an apprentice-style challenge that saw teams of staff competing to raise the ...
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Kas Bank launches pension fund monitor app for iPad
Kas Bank has launched a pension fund monitor application for the iPad.The app enables pension fund managers, trustees, sponsors and fund administrators to access up-to-date fund data at any time, from any location.It links to Kas Bank’s pensions dashboard which delivers metrics for the scheme’s funding level combined with compliance, ...
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Barnett Waddingham research: Funding level of university pensions has improved
The average FRS17 funding level of university pension schemes has improved by 3% between 2009 and 2010, according to the second annual Survey of University Self Administered Trusts (SATs) conducted by Barnett Waddingham.The survey is based on data in the published accounts of universities with financial years that ended on ...
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Teach First to introduce online reward statements and pension salary sacrifice
Teach First plans to introduce online total reward statements, access to an employee discounts website, and is adding a salary sacrifice arrangement to its trust-based defined contribution (DC) pension scheme.The charity will also be consulting with its 180 staff, via surveys and focus groups, to determine what type of flexible ...
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Emap International appoints Aon Hewitt for benefits provision
Emap International has appointed Aon Hewitt to provide group risk benefits, private medical insurance (PMI) and dental cover, and consulting and broking services for its 880 UK employees.The group risk provision will include life insurance, ill-health cover, group life insurance, group income protection, and critical illness cover.Jason Stead, head of ...
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Mercer re-launches DB scheme discontinuance service
Mercer has re-launched its scheme discontinuance service to help trustees with wind-up and buy-out plans for their defined benefit (DB) schemes.The service will support trustees in meeting the Pensions Regulator’s two-year timeline for completing wind-ups and in complying with its record-keeping guidelines.The modular-based service will enable trustees to either fully ...
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Mercedes GP Petronas launches workplace health and wellbeing programmes
Formula One team Mercedes GP Petronas has appointed Daniels Fitness Group (DFG) as its partner for its workplace fitness, health and wellbeing programmes.DFG will be responsible for providing full consultancy and implementation of fitness and health programmes to all staff at Mercedes GP Petronas.John Marsden, HR director at Mercedes GP ...
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Nest appoints fund managers for ethical and sharia mandates
Nest Corporation has appointed fund managers for its ethical and sharia mandates.The ethical mandate has been awarded to F&C Asset Management and the sharia mandate has been awarded to HSBC Global Asset Management.Nest’s ethical fund will initially invest in actively managed and screened global equities, as well as some UK ...
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Red Letter Days launches new website
Red Letter Days has launched a new business-to-business (B2B) website.It precipitates the third quarter launch of a new business-facing product, the latest addition to the organisation’s existing range of experiences, events and gifts. The new website has been designed to highlight and meet the HR objectives within an organisation including ...
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Baker Tilly research: Large pension schemes report higher levels of fraud
Over one in 10 (12%) of UK pensions scheme have suffered from incidents of fraud in the last 24 months, with large schemes, (more than 10,000 members) being the worst hit, according the Baker Tilly Pensions Fraud Risk Survey.The survey, which was conducted among over 170 trustees and pension scheme ...
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Aegon UK staff raise £75,000 for local charities
Staff at life and pensions organisation Aegon UK have donated £75,000 to three local charities: Maggie’s, Simpson’s Memory Box Appeal and St John’s Hospital Oncology Unit.The money was raised by Aegon UK’s employees through regular fundraising events such as dress down days, quizzes and raffles.The raised funds will be divided ...
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Axa Wealth research: Seven-year gap between expected and actual retirement ages
The gap between expectation and reality when it comes to retirement age is seven years, according to the Axa Wealth Pension Index.The average age that employees in the UK would like to retire is 58. The average age that employees expect to be able to afford to retire is 64. ...
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National minimum wage to rise by 2.5%
The national minimum wage for adults is to increase by 15p an hour to £6.08 in October 2011.The wage for young people will get lower increases: the rate for 18 to 20-year-olds will increase by 6p to £4.98 an hour and the rate for 16 to 17-year-olds will increase by ...
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Westminster Roman Catholic Diocese introduces HR and payroll software
Westminster Roman Catholic Diocese has introduced a new HR and payroll software system provided by Bond International Software.The Bond TeamSpirit system will allow the diocese to combine existing payroll processes with its HR function, sharing data between the two departments, which will significantly decrease the time spent on administration.The diocese ...
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Barnett Waddingham produces guide on payroll deductions
Barnett Waddingham has produced a guide for managers of occupational pension scheme contributions and administers of staff payroll.The booklet focuses on the two main types of trust-based occupational pension scheme, defined benefit (DB) schemes and defined contribution (DC) schemes. Many parts of the guide are also relevant to other arrangements ...
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Round-up of tax and legislation changes coming in today
A number of the government’s tax and legislation changes that come into effect from today, 6 April, will have an impact on benefits.Phasing out of the default retirement age (DRA):From 6 April, the removal of the DRA means employers will not be able to issue notifications for compulsory retirement using ...
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Saint-Gobain re-appoints Mercer for DB scheme administration
Saint-Gobain, the manufacturer and distributor of construction materials, has extended its relationship with Mercer by seven years.Mercer will provide third-party administration of its defined benefit (DB) pension scheme in the UK.The scheme has over 45,000 members and a £2.2 billion fund value.Neil Bolding, client relationship manager at Mercer, said: “The ...
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HMRC confirms changes to PAYE system
HM Revenue and Customs (HMRC) has confirmed that Real Time Information (RTI), a new system that will improve the operation of pay as you earn (PAYE), will go ahead.Following consultation, HMRC confirmed that a pilot will begin in April 2012 with volunteer employers and software developers. It will work to ...
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Mazars Financial Planning acquires Redbourne
Mazars Financial Planning, the financial planning and advisory business of accountancy firm Mazars, has acquired the business and assets of specialist employee benefit business Redbourne.Redbourne, which was established in 2000, has been developed by Richard Stewart and Steve Carter, who remain with the business on its transfer to Mazars.Redbourne’s management ...