All articles by Jennifer Paterson – Page 177
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Article
Pay gap between carbon and energy traders is closing
The pay gap between carbon and energy traders has halved in the past three years, resting at 12%, according to a report from Selby Jennings.The report says that carbon traders would have been earning between 20-25% less on average than energy traders prior to the economic downturn.Pay for carbon traders ...
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Article
Premier Employer Services launches flexible benefit product
Premier Employer Services (PES), which is part of the Benefex Group, has launched a flexible benefit product specifically tailored to the small and medium enterprises (SME) market.The product, which is hosted and accessed online, offers smaller organisations the ability to offer their employees a range of benefits at a fixed ...
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Article
Craig and Derricott appoints Goddard Perry Actuarial
Craig and Derricott have appointed Goddard Perry Actuarial as scheme actuary to its retirement benefits scheme.The control gear products manufacturer's 108-member scheme has assets of £1.3million. Its independent trustee is Pension Professionals.David Pettitt, managing director of Goddard Perry Actuarial, said “We are excited to secure this new appointment as our ...
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Article
Business in the Community launches employee volunteering tool
Business in the Community (BITC) has launched the Employee Volunteering Check Up with input from Aramark, Linklaters, Lloyds Banking Group, and Prudential UK and Europe.The Check Up is an online, interactive quiz that provides respondents with tips and guidance on developing a range of employee volunteering opportunities.Respondents will also gain ...
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Article
Reform proposals for the universities’ pension scheme to be recommended to trustees
The Joint Negotiating Committee of the Universities Superannuation Scheme (USS), the principal final salary pension scheme for university and higher education employees, has confirmed that a package of proposals for benefit reforms from the employers would be recommended to the USS trustees on 22 July.The conclusion was reached after independent ...
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Article
The Pensions Regulator issues FSD against Nortel group companies
The Pensions Regulator (TPR) has issued a Financial Support Direction against organisations in the Nortel group that will require them to provide support for the UK scheme, which had a shortfall of £2.1 billion.The Pensions Regulator’s determinations panel found that it would be reasonable to impose the requirements of an ...
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Article
Clifford Chance, Nationwide and Amey appoint new pension software provider
Clifford Chance, Nationwide and Amey have all appointed eShare as their pension scheme software provider.eShare’s software aids in the workflow and administrative processes surrounding scheme governance and allows trustees to access information, communicate and collaborate with one another through a single location without requiring access to an internal computer network.David ...
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Article
Hay Group research: UK employers raise the bar for staff to earn bonuses
More than half (52%) of UK firms are raising performance thresholds for staff to earn bonuses and incentives while almost half (46 are putting more emphasis on variable pay for all levels of employees.A study from Hay Group, based on the views of HR professionals from 1,300 global firms of ...
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Article
BBC senior executives see pay rise despite promises of a curb in the pay bill
Senior executives at the BBC received pay rises last year despite promises of a reduction in the pay bill and an executive board pay freeze over three and a half years.The broadcaster’s annual report stated that the executive board received a total of just under £4.77 million in 2009-2010, up ...
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Article
Legal and General and Hymans Robertson launch prohibitive pension product
Legal and General and Hymans Robertson have launched a product designed to insure local government pension scheme (LGPS) providers against the potentially prohibitive costs incurred in the event of employees taking ill health early retirement.The product has been developed in response to legislative changes to LGPS rules concerning ill health ...
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Article
Working Links launches integrated pension and flexible benefits offering
Working Links has enhanced its flexible benefits offering with an improved shopping voucher product, the opportunity to buy holidays and a cycle-to-work scheme.Additionally, employees can now apply for pension benefits through the same website as the flexible benefit offering.The employment and skills specialist appointed JLT Online Benefits as provider of ...
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Article
Employers believe dental benefits enhance staff wellbeing
Three quarters (75%) of organisations believe a dental plan enhances employee wellbeing, according to the 2010 Dental Benefits Survey by Denplan.The survey also found 34% of respondents that are considering adding or removing benefits in 2010 were considering adding a dental plan.More than half (62%) of the respondents said that ...
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Article
Marshalls staff take advantage of new benefits scheme
Marshalls has seen a rise in take-up since launching a new benefit scheme in March.More than 400 employees logged on to the ‘Options’ website to look at the range of benefits on offer.The scheme, which is administered by Team Rewards, has been designed to give employees a broader range of ...
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Article
Employees feel more stressed at work than in home life
Nearly half of employees (47%) say that they feel much tenser at work than in their home life according to Aviva's annual Health of the Workplace study.The survey found that 50% of employers consider themselves to be good role models, but 45% also admit to being stressed at work.One in ...
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Article
Jeannie Drake leaves Nest role
Jeannie Drake has stepped down as deputy chairman designate of Nest (National Employment Savings Trust) Corporation following her appointment as a Labour Peer to the House of Lords.Drake was set to formally take on the role today [5 July], when the Personal Accounts Delivery Authority (Pada) was wound up and ...
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Analysis
Health screening for younger staff can head off problems
If you read nothing else, read this …The foundations of coronary heart disease, osteoporosis and many cancers are laid down in the teens and early 20s, depending on diet and other risk factors.Stress-related ill-health and dependency on drink or drugs are putting more employees under the age of 50 at ...
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Analysis
Group risk: How the market is changing
If you read nothing else, read this . . .Phasing out the default retirement age will have a negative impact on both employers and employees, because group risk products could become more expensive.The Equality Act 2010 could affect pricing in the group risk market because the cost of these products ...
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Case Studies
Case Study: Dennis Publishing
When Dennis Publishing appointed Screenetics to provide on-site salary sacrifice health screening to its 300 staff for the first time, it saw take-up exceed 60%, rising to 75% for employees under the age of 40. The average age of staff at the company is 32.Alison Hunter, HR director at Dennis ...
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Article
RBS revives charity lottery and retenders insured benefits
Royal Bank of Scotland Group (RBS) is to reintroduce a charity lottery benefit to its flexible benefits scheme and has retendered many of its insured benefits.The charity lottery, which it suspended temporarily in 2008 after its then administrators’ withdrawal from the market, works on the basis that staff can contribute ...
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Article
Centrica staff get flexible benefits top-up
More than 4,000 Centrica staff have topped up their flexible benefits allowance via salary sacrifice since the energy firm introduced the option to do so in April this year.Through a salary sacrifice arrangement, staff can choose to make a deduction from their pre-tax salary to top up their flex fund. ...