All articles by Jennifer Paterson – Page 171
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Grant Thornton launches employee benefits consultancy
Grant Thornton is launching an employee benefits consultancy.Grant Thornton Employee Benefits Consultancy will provide employee remuneration and pension advice, and arrangements to larger pension funds, small and medium-sized enterprises (SMEs) and professional firms.The consultancy will design benefit and reward structures, pension scheme restructuring, the harmonisation of cross-border benefits including qualifying ...
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FTSE 350 defined benefit pension deficits fall by £12 billion
The total deficit in the defined benefit (DB) pension schemes of the FTSE 350 stood at £90 billion at the end of June, according to research from Pension Capital Strategies.This represents an improvement of £12 billion on the position a year ago.Pension Capital Strategies' report The FTSE 350 and their ...
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Mercer research: Majority of organisations reviewing expatriate benefits
Nine out of 10 organisations are planning to review or revise their global expatriate policies, including benefits and allowances, in order to cut costs.According to Mercer’s ‘International Assignments Survey 2010’ which collects data from over 220 multinational firms across all industries, among all regions, benefits (housing, education and home leave) ...
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The BOC Group achieves good bikes for work take up
The BOC Group has achieved a 4% take up of its cycle-to-work scheme since it was launched in May. This is †double the average scheme take up of 2%.The scheme was launched after a ‘Green Ideas At Work’ campaign highlighted employees desire for a green way to commute to work.As ...
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BBC adds career average scheme to pension proposals
The BBC has proposed adding a career average (Care) scheme called CAB 2011 to its pension proposals.This option joins two previous proposals to members of its defined benefit (DB) scheme: the option to stay in the scheme with a 1% annual cap on the future growth of pensionable pay or ...
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BA’s Heathrow staff vote to accept flexible working deal
British Airways’ Heathrow staff have voted to accept new working practices which include more flexible working arrangements.The deal, which was agreed with the Unite and GMB trade unions, covers 2,850 staff based at Terminals 3 and 5.This follows agreements already reached with Balpa, the union representing the airline’s pilots and ...
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Epsilon to introduce pensions salary sacrifice
Epsilon is to introduce a salary sacrifice arrangement to its group personal pension (GPP) plan on 1 November, introduce critical illness insurance and launch an online benefits system.The computer and peripherals firm will roll out the option to its 80 UK staff. Half of the employer national insurance (NI) savings ...
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Average pay for junior City staff starts to rise
The average pay for junior City staff has risen aggressively over the summer, according to Astbury Marsden, a financial services recruitment firm.Average base salaries for City workers at assistant vice president level have increased by 12% from £62,945 to £70,480 over the last year.Up until the last three months more ...
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Vebnet refreshes its brand
Vebnet has completed a brand refresh to coincide with its tenth anniversary and introduced a new strapline, ‘Shaping Futures Together’.Gerry O’Neill, chief executive officer of Vebnet, said: “We decided it was time to refresh Vebnet’s look and feel, but felt there was no need for a complete rebrand.“The purchase of ...
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Resolution completes acquisition of Axa UK Life
Resolution has completed the acquisition of the Axa UK life businesses comprising protection, corporate benefits and pensions.The combined business is now held by Friends Provident Holdings (UK) which will have almost 6,000 employeesFriends Life, the new brand name for the combined business, is expected to be unveiled in early 2011.Following ...
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Fair Care launches benefits management system
Fair Care has launched a voluntary and flexible benefits management system called ‘Benefit Select’ which will be initially rolled out to its 1,000 employer clients.Organisations can use the system to improve the presentation of existing benefits, add or remove benefits instantly, and give employers control and flexibility over their benefits ...
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Royal Mail opens two more onsite gyms
Royal Mail has added onsite gyms to two of its depots: the Mount Pleasant and Paisley sorting offices.Royal Mail now has 27 sites run by Energy Fitness Professionals (EFP).The onsite gyms offer fitness consultations and health checks, programming, weight management, cholesterol and body stat testing, and one-to-one training sessions.Jon Durrant, ...
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Directors' pensions worth 26 times the average pension fund
Directors of the UK’s top organistaions have amassed pensions pots that are 26 times the average occupational pension, according to the Trades Union Congress (TUC) PensionsWatch survey.The survey, which analyses the pension arrangements of 329 directors from 102 of the UK’s top organisations, shows the average transfer value for a ...
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Linklaters and Clifford Chance top The Legal 500 in employee share schemes
Linklaters has been highly recommended among law firms specialising in employee share schemes, according to The Legal 500.The annual guide to the UK legal profession and the country’s top lawyers is the result of nine months of research and is now in its 23rd year.Linklaters’ blue-chip clients include Aviva, BAE ...
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Tim Banks appointed head of DC sales at AllianceBernstein
AllianceBernstein has appointed Tim Banks head of defined contribution (DC) sales to further develop the firm’s expansion efforts in the UK DC market.Banks brings more than 20 years of experience in the pensions industry to AllianceBernstein. He joins from Prudential where he was director of business development, responsible for the ...
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Marshalls increases take-up of voluntary benefits scheme
Since landscaping firm Marshalls launched a voluntary benefits scheme in April, the majority of its 2,400 employees have taken advantage of the offering.The scheme harmonised benefits such as cycle-to-work, childcare vouchers and discounts under one banner. The offerings are divided between four core areas: health, leisure, motoring and retail.Staff can ...
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Towers Watson acquires Swedish benefits consultancy
Towers Watson has acquired HRS, a Swedish-based consultancy specialising in executive compensation and employee rewards.Primarily operating in the Nordic market, HRS’s full set of offerings includes: executive compensation, incentive design and employee pay; pension design and global coordination; and performance management and compensation benchmarking.Babloo Ramamurthy, regional manager, EMEA for Towers ...
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Shilling Communication launches online pensions directory
Shilling Communication has launched an online pensions directory which provides the public with access to a catalogue of UK organisations’ pension websites.The website is available to current and deferred members, retirees, families and dependants to find their organisation’s pension schemes, where the organisations have put their schemes online.Kevin Shilling, CEO ...
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B&Q to offer environmental scheme for 30,000 staff
B&Q is to help its 30,000 employees reduce their energy bills and their carbon footprint with a programme of eco-incentives that could save up to an estimated £4.2 million and over 19 million kg of carbon dioxide.Over the next three months, all 30,000 employees will be able to take up ...
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Premier Farnell introduces attendance management tool
Premier Farnell has launched a time and attendance management tool to manage the sickness absence of the 350 employees based in its Leeds distribution centre.The implementation of the system, provided by Kronos, will allow employees to better manage their time and enable the electronic components distributor to increase payroll accuracy ...