All articles by Jennifer Paterson – Page 152
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Budget 2011: Government welcomes Hutton report on public sector pay
The government welcomes Lord Hutton’s Review of Fair Pay in the Public Sector as a basis for setting senior pay in the sector.The Hutton report was published on 8 March.Departments will give consideration to these proposals and bring forward implementation plans for their sectors by July 2011.Read more articles on ...
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Budget 2011: Abolished tax reliefs include meals for bikes for work and luncheon vouchers
The government intends to abolish 43 tax reliefs whose rationale is no longer valid based on the recommendations of the Office of Tax Simplification’s (OTS) review of tax reliefs, and continuing work from HM Revenue and Customs,.According to Chancellor George Osborne, this will help to reduce complexity, be efficient and ...
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Budget 2011: Government to consult on merging income tax and NI
The Chancellor George Osborne has announced the government will consult this year on options for integrating the operation of income tax and national insurance (NI) contributions.The consultation will cover the options, stages and timing of reforms for a merger, which the government believes can remove distortions, reduce burdens on businesses ...
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PMI/Towers Watson research: Pension scheme members want information in one place
The majority (84%) of pensions scheme managers agree that members want to be able to see all their pensions in one place to be able to realistically assess their total retirement income.The same proportion (84%) agree pensions schemes should do more to promote pensions websites.The findings are from the joint ...
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Royal Mail’s share scheme will have no value at maturity
Royal Mail staff have been informed that their employee share scheme will be virtually worthless when it matures next year.The ColleagueShares scheme, which was launched in 2007 and will mature in 2012, was set up by former chairman Allan Leighton and former chief executive Adam Crozier as a phantom equity ...
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Sewell Group adds to benefits scheme
Sewell Group has added payroll giving, volunteering days and bikes for work to its benefits package for its 300 employees.The development, construction and facilities management firm launched its in-house reward package Sewell Select in January 2010 following a complete review of its benefits offering. The programme combines flexible and voluntary ...
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MPs agree to freeze their salaries at £65,738
MPs have agreed to freeze their salaries at £65,738 to put them in step with two-year pay freezes across the public sector.The Senior Salaries Review Body, whose recommendations have been implemented since 2008, had suggested a 1% rise.However, MPs pay will be frozen, for the period beginning 1 April 2011, ...
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NAPF research: West Midlands least confident about retirement savings
More than half (62%) of employees in the West Midland are not confident they will have enough money in their retirement compared to 55% across the UK, according to a survey from YouGov and the National Association of Pension Funds (NAPF).The survey also found only 44% in the West Midlands ...
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IFF research: 47% in public sector think they are worse off than private sector
When it comes to perceptions of pay and financial reward, 47% of public sector workers think they are worse off than private sector staff, but 35% of private sector staff think the public sector is ahead on remuneration.This is according to the Attitudes to Work study conducted by IFF Research, ...
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Government accepts pay review bodies recommendations for public sector
The government has accepted the recommendations of pay review bodies for public sector pay awards for 2011-12 in line with the announcement made in the Budget in June 2010. Employees covered by the bodies who earn £21,000 or less will receive a pay increase of £250 for 2011-12.Those earning over ...
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UK Employee Ownership Index: Employee-owned firms outperformed FTSE
Employee-owned organisations outperformed FTSE All-Share organisations in 2010, according to the UK Employee Ownership Index (EOI) published by law firm Field Fisher Waterhouse.The share prices of employee-owned firms were up 16%, while the share prices of the FTSE All-Share firms were up only 11%.The EOI monitors the share price performance ...
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Brunner Mond rolls out online workforce management system
Brunner Mond, part of Tata Chemicals, is rolling out a workforce management system across its two UK plants.The Open Options system provided by Crown Computing will give the 500 permanent staff and 300 contractors access to a web browser where they can request leave, check remaining holiday allowance or view ...
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Eaga Partnership Trust to pay out cash and shares worth £9,000 to staff
Eaga Partnership Trust (EPT) will pay out cash and shares worth £9,000 for Eaga’s staff.The payout comes as the green services firm is being purchased by Carillion in a £306 million deal which was announced on 11 February.†After the announcement, many Eaga employees, who are also partners in the business, ...
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Isle of Man Post Office staff vote to strike over pay dispute
Postal workers at the Isle of Man Post Office (IMPO) have voted for strike action in a dispute over pay.The ballot of over 250 postal workers, and members of the Communications Worker Union (CWU), closed on Wednesday 16 March with 84% voting for strike action.The postal workers are seeking reward ...
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MidlandHR and Staffcare form partnership
MidlandHR will launch a new suite of online tools through Staffcare’s software platform to help its employer clients with benefits communication and administration, including flexible benefits.MidlandHR will integrate its own iTrent platform with Staffcare’s software.Iain Moffat, managing director at MidlandHR, said: “To support the increasing demand from our clients, MidlandHR ...
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Lane Clark and Peacock and Shilling Communication launch pensions tax calculator
Lane Clark and Peacock (LCP) and Shilling Communication have launched a pensions tax calculator.The calculator, which can cover any occupational pension scheme, has been created to help pension scheme members understand the potential impact of the pensions tax changes effective from April 2011.The pensions tax calculator can be accessed by ...
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Yorkshire Building Society launches global website
Yorkshire Building Society Share Plans has launched a new global website.The building society's share plans service delivers administration and account management services to over 350 clients, covering 53 countries and 30 currencies.Jill Evans, head of Yorkshire Building Society Share Plans, said: “Share plans is a varied and challenging market which ...
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Giant Group research: Healthcare contractors expect pay rise this year
The majority (70%) of healthcare contractors expect to see their pay rise in 2011, up from 65% last year.According to research by contractor services provider Giant Group, contractors are not likely to be affected by the public sector pay freeze that will hit other public sector healthcare professionals.Matthew Brown, managing ...
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NAPF publishes guide to hedge funds
The National Association of Pension Funds (NAPF) has published a guide to help pension funds understand hedge funds and how they could use these as part of their investment strategy. ‘Hedge Funds made simple’ offers a clear explanation of the main features of hedge funds as an investment for UK ...
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Sequents launches stress assessment technology
Sequents has launched stress assessment technology, which employers can use to measure stress levels in employees.It allows employers to combat stress and absenteeism, identify and address issues within their organisations, and reduce costs and business risk through identifying areas of critical need.The Sequents Assessment Technology Test interprets the autonomic nervous ...