All articles by Jennifer Paterson – Page 166
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Article
Bluefin Group tool delivers pension information
Bluefin Group has added a pension fund information tool to its Orbit benefits platform.The Fund Centre, which is tailored to contract-based defined contribution (DC) plans, includes an educational video; industry ratings from fund managers; new risk ratings for the sector and the fund; a portfolio management tool; and a news ...
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Article
Government issues guidance on changes to employer-supported childcare
As a result of the changes to employer-supported childcare schemes due in April 2011, HM Revenue and Customs has issued guidance on changes that employers and employees should be aware of.Under current arrangements, employees on higher earnings receive a greater tax saving than those who pay tax at the basic ...
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Article
Pensions salary sacrifice tops list of valued benefits for UK staff
Over half (56%) of UK employees would sacrifice pay for a higher pension contribution by their employer, according to Aon Hewitt.Its European Employee Benefits Benchmark, which surveyed more than 7,500 employees in Belgium, Denmark, France, Germany, Ireland, the Netherlands, Norway, Spain, Switzerland and the UK, focuses on topics such as ...
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Analysis
Benefits to support working parents
If you read nothing else, read this...Childcare vouchers and on-site nurseries are flexible, tax-efficient ways to cover staff childcare costs.Emergency childcare is a back-up service that can be offered as a core benefit, a voluntary benefit or as part of a flexible benefits package.Flexible working encompasses part-time working or flexible ...
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Analysis
Switching from defined benefit to defined contribution pension can be a positive step
If you read nothing else, read this…Changes in life expectancy, the economic downturn and mobility in the labour market have contributed to the shift from defined benefit (DB) to defined contribution (DC) schemes.Many staff perceive DB plans to be of greater value than DC, but this is not necessarily so. ...
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Article
Lex Autolease research: Company car voted top salary sacrifice benefit
More than 20% of employers would opt for a company car above other salary sacrifice benefits, according to a survey from Lex Autolease.Conducted among 130 employees, the survey also found 78% of respondents would take up a salary sacrifice car if they had to replace a privately owned one.A similar ...
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Case Studies
Case study: Parenting network adds up for KPMG
KPMG offers its 10,200 staff a variety of childcare and flexible working options, including childcare vouchers and emergency childcare.In 2009, the professional services firm formed the KPMG Parenting Network to offer information through a dedicated website, networking events, training seminars and an opportunity for parents to offer each other advice.Gaynor ...
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Article
Buyer's guide to motivation vouchers 2010
Focus on factsWhat are motivation vouchers?They are paper-based or electronic gifts cards with a monetary value, which employers can use to incentivise staff. Shopping vouchers can be redeemed at a single store or at multiple retailers, and employers can also offer travel or experience vouchers.What are their origins?Gift vouchers, in ...
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Article
Leisure Vouchers partners with Planet Hollywood
Leisure Vouchers has signed a partnership with Planet Hollywood.Organisations that offer Leisure Vouchers, which is part of Acorne, to their employees will now be able to offer access to Planet Hollywood’s new London restaurant, after it moved from its original location in the City's Trocadero centre to nearby Haymarket in ...
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Article
Vinci Construction UK launches employee engagement initiative
Vinci Construction UK has launched an employee engagement initiative called ‘Stand Out, Make a Difference’.The initiative, which is a partnership agreement with the Construction Youth Trust, The Duke of Edinburgh’s Award and The Prince’s Trust, will allow the construction firm to engage with local communities, create chances for young people ...
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Article
Team (Energy Auditing Agency) introduces health screening
Team (Energy Auditing Agency) is introducing a health screening programme for its 77 employees.The supplier of energy management solutions is providing the health checks through its health cash plan, which has been in place since January 2009.Team initially introduced the screenings, provided by Screenetics, to increase health awareness across the ...
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Article
Cache achieves 81% take up of voluntary benefits plan
Charity Cache has achieved 81% take up of its voluntary benefits scheme since it launched on 1 September.On the first day alone, the organisation saw a 58% take up from its 120 employees. The scheme, which is provided by Asperity Employee Benefits, includes bike for work, childcare vouchers, gym membership ...
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Article
Alliance Boots consolidates pension schemes into one GPP
Alliance Boots has consolidated several pension schemes into a single group personal pension (GPP) called WorkSave.The consolidation follows the 2006 merger of Alliance UniChem and Boots Group.The new GPP, provided by Legal and General, enables employees to transfer from the firm’s closed defined benefit (DB) and defined contribution (DC) pension ...
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Article
Computacenter extends incentive programme to South African staff
Computacenter is to roll out its staff recognition programme to its 250 employees in South Africa based on the programme’s success with its 4,000 UK-based staff.Its Excellence in Action scheme, which is provided by incentive and motivation firm AYMTM, was launched via an online communication platform which delivers rewards to ...
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Article
Majority of employers award 2%-3% pay increases
The majority of employers continue to award pay increases between 2% and 3%, according to data recorded in IDSPay.co.uk at Incomes Data Services (IDS).The analysis is based on 69 pay settlements effective in the three months to the end of September, covering 1,446,445 employees.The proportion of pay freezes remains relatively ...
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Article
A million active members contribute to trust-based DC pension schemes
One million active members contribute to trust-based defined contribution (DC) pension schemes in the private sector, while more than two million that contribute to defined benefit (DB) pension schemes.A snapshot of the trust-based DC pensions landscape, DC Trust: A presentation of scheme return data, published by The Pensions Regulator, also ...
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Article
Network Rail appoints P-Solve to Care and DC pension schemes
Network Rail has appointed P-Solve to its career average re-valued earnings (Care) pension scheme.The investment consultancy and fiduciary management business of the Punter Southall Group will use the asset allocation decision-making powers delegated to them by the scheme trustees to invest in all appropriate asset classes within the Legal and ...
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Article
Equiniti and BNY Mellon to form share scheme alliance
Employee share plan administrators Equiniti and BNY Mellon Shareowner Services have entered into discussions to form a strategic alliance that will enable both firms to provide enhanced product offerings.As part of BNY Mellon’s issuer services group, BNY Mellon Shareowner Services provides corporate equity solutions and employee share plan administration in ...
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Article
Pierre Fabre launches total reward statements and voluntary benefits
Pierre Fabre has launched online total reward statements and a voluntary benefits scheme.The subsidiary of the French pharmaceutical firm rolled out the offerings, provided by Portus Online, to promote a better understanding of its benefits package among its 40 UK-based staff.Martin Grange, managing director at Pierre Fabre, said: “We reviewed ...
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Article
Sellafield links safety to reward and incentives
Nuclear plant Sellafield has given more than 5,000 rewards to employees since launching a reward scheme to encourage behavioural safety in the workplace at the beginning of April.Its Peer-to-Peer Observation programme and VIP (Virtual Incentive Points) reward account, which is provided by Love2reward, is available to more than 12,500 employees ...