All articles by Jennifer Paterson – Page 151
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Case Studies
Case study: David Lloyd Leisure gets perks in shape
When David Lloyd Leisure (DLL) introduced a flexible benefits plan in June 2010, it incorporated its existing voluntary benefits scheme into the new offering.The flex scheme includes a health cash plan, bikes for work, childcare vouchers, critical illness insurance, private medical insurance, a discount scheme, salary sacrifice company cars, holiday ...
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Article
TomTom Business Solutions launches fleet product
TomTom Business Solutions has launched a fleet product for organisations to promote safer and more economical driving.WebFleet OptiDrive provides fleet managers with performance information for speeding, fuel efficiency, idling and braking in one indicator bar.The indicator allows managers to compare the driving style, efficiency and safety of drivers, monitor trends ...
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Article
Ernst and Young softens the blow of pension tax changes
Ernst and Young has developed a strategy to mitigate the impact on high earners of the pensions tax changes taking effect on 6 April.The firm established that just over 40 employees will be affected by the reduction in the annual allowance from £255,000 to £50,000. As an interim measure, Ernst ...
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Article
Wolfson Microelectronics closes defined benefit pension scheme
?Wolfson Microelectronics is to close its final salary pension scheme to future accrual after a 60-day consultation with the 28 affected staff and has switched providers for its group personal pension (GPP) plan.The semiconductors supplier closed its scheme to new joiners in July 2002. Four of the remaining members were ...
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AnalysisSainsbury's staff appreciate retail therapy
Employee discounts are the most popular benefit among Sainsbury’s burgeoning workforce, says Jennifer PatersonWith a 150,000-strong workforce as diverse as the food products sold in its 890 UK retail stores, Sainsbury’s benefits and reward team faces big challenges, especially when it comes to communicating benefits.Employees, with an age range of ...
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Article
CFEB rebrands as Money Advice Service
The Consumer Financial Education Body has rebranded as the Money Advice Service.The organisation’s free workplace financial education programmes, which have been offered to employers for over four years, will be refreshed, but the content will not change.Stuart Bailey, national partnerships manager at Money Advice Service, said: “The core content will ...
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Article
Aon Hewitt research: Most employers offer over 20 DC pension investment options
The majority (63%) of employers offer over 20 investment options to defined contribution (DC) scheme members while only 12% offer no default investment option.The Aon Hewitt Employee Benefits and Trends Report, which surveyed 485 employers on various issues relating to employee benefits and pensions, warns that this array of investment ...
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Article
BT accelerates pension plan top-up
BT has brought forward a £505 million pension fund top-up from the due date in December 2011 to March 2011, in agreement with the trustee of the BT pension scheme (BTPS).In addition, the payment will be tax deductible at a corporation tax rate of 28%, rather than the 26% which ...
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Article
Aon Hewitt and TIGA research: Salaries rise in the UK games industry
The UK games industry saw increases of 3% in base salary over the last 12 months, about 0.5% above UK general industry in the same period, says the 2010/2011 Games Software Developers’ Salary Survey from Aon Hewitt and TIGA, the trade association representing the software development industry.Median graduate base salaries ...
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Article
Eversheds launches an employment law app
Eversheds has launched an interactive employment law guide available as a downloadable application for use on the iPhone, BlackBerry, and via the internet.The app, aimed at HR professionals, answers commonly asked questions on employment law issues, covering over 25 countries and four continents.It is also available online for use on ...
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Article
Goodman Masson re-launches payroll giving scheme
Goodman Masson re-launched its payroll giving scheme at the end of February.The scheme, which is open to the recruiting firm’s 120 employees, had been in place for five years but only two staff had enrolled due to lack of awareness.Keiley Shipperley, executive assistant at Goodman Masson, said: “We have had ...
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Article
CIPP research: Use of electronic payslips on the rise
Electronic payslips were the most popular method of payslip presentation in 2010, according to a survey from the Chartered Institute of Payroll Professionals (CIPP).The CIPP Member Payslips 2011 survey, which polled 266 employers, found there has been over a 10% rise from 2009 in the use of electronic payslips to ...
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Article
Towers Watson launches subsidiary in Turkey
Towers Watson has launched a new subsidiary in Turkey called Towers Watson Danismanlik Sti.It has also appointed Suha Alici, who has been with Towers Watson since 2007, as managing consultant to lead and grow the Turkish business, which will be based in Istanbul.Towers Watson has been working with employers in ...
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Article
Buck Consultants launches global investment advisor division
Buck Consultants has expanded its investment consulting services to enable employers to access a broader range of fund managers and investment strategies.Buck Global Investment Advisors (BGIA) comprises more than 50 investment professionals, advising more than 400 clients on the investment of assets valued at more than £31 billion.BGIA provides a ...
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Article
Hay Group research: Salaries to increase by 2.5% in 2011
Salaries will increase on average by 2.5% in 2011, driven primarily by cautious private sector recovery, according to the Hay Group’s PayNet UK Salary Tracker.This optimism also assumes that UK economic performance continues to improve and does not enter a "double dip" as some commentators have suggested could be the ...
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Article
Towers Watson launches human capital iPad application
Towers Watson has launched an application (app) for the iPad, designed to provide human resource and benefit professionals with instant access to human capital data in 57 countries.The TWGlobal50 app allows users to access and compare current and trend information in four major categories, including planned pay increases, employee engagement ...
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Article
BBC outlines recovery plan to plug £1.6 billion pension deficit
The BBC will pay an initial £110 million this year as part of a recovery plan to plug a pension deficit of £1.6 billion.The recovery plan includes a payment of £60 million in each of 2012 and 2013, £100 million for the following three years, and £75 million for the ...
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Article
Unilever adds global mobility service for its international employees
Unilever has appointed Crown Relocations to provide global mobility services for its international employees.The household products firm has a presence in over 100 countries.The relocation package will include pre-relocation services such as preview trips for assignees.Crown Relocations’ global mobility services team will coordinate a full range of destination services, providing ...
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Article
Budget 2011: Abolished tax reliefs to include life assurance premiums
The government intends to abolish the tax relief on life assurance premiums and life assurance premiums paid by employers under employer-financed retirement benefit schemes after 2012 in future finance bills or other legislative vehicles, with a final date set out after consultations.Based on the recommendations of the Office of Tax ...