All articles by Jennifer Paterson – Page 20
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ArticleSainsbury’s staff raise money for Sport Relief
Sainsbury’s employees have helped to raise £6.5 million for charity Sport Relief, £1 million higher than that given by the supermarket chain in 2012.Sainsbury’s offered employees the opportunity to take part in a range of fundraising activities in the weeks leading up to Friday 21 March, when the first-ever Sainsbury’s ...
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ArticlePublic sector pension liabilities reach £1.7 trillion
Public sector pension liabilities stand at £1.7 trillion, £600 billion higher than the amount calculated by the government, according to a report by The Taxpayers’ Alliance (TPA).Its report found that the liability facing taxpayers for unfunded public sector pension schemes is higher than the government’s official estimates of £1.1 trillion.The ...
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ArticleGovernment sets pension charges cap at 0.75%
The government has announced it will set the charges cap for workplace pensions at 0.75%.The proposal for the cap on pension charges was part of the Department of Work and Pensions’ consultation into charges on workplace pension schemes, which opened in October 2013 and closed in November 2013.The government has ...
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ArticleE.On and McDonald’s shortlisted for auto-enrolment
E.On and McDonald’s Restaurants are among the employers that have been shortlisted for the award ‘Best pensions auto-enrolment strategy – large employer’ at the Employee Benefits Awards 2014.This award recognises employers that maximised the opportunities offered by the need to comply with auto-enrolment legislation, and that demonstrated how these actions ...
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ArticleCycling to work more than doubles in 10 years
The number of working UK residents who cycle to work increased by 90,000 between 2001 and 2011, according to figures from the Office for National Statistics (ONS). The largest increase was in the number of London residents who cycle to work, which more than doubled in the period between 2001 ...
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ArticleTranslink to launch voluntary benefits
Translink is to launch a voluntary benefits scheme for its 3,940 employees.Northern Ireland’s public transport provider, which owns Metro, Northern Ireland Railways and Ulsterbus, will implement a programme called ‘Your Benefits’.The scheme, provided by Personal Group, includes both online and offline access to 8,000 retail discounts, at stores such as ...
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Teachers to strike over pay and pension changes
Teachers are to strike over performance-related pay, changes to their pensions and workloads on 26 March.A new national pay framework for teachers came into effect from September 2013. This will:End pay increases based on length of service. Currently, virtually all full-time classroom teachers on the main pay scale automatically progress ...
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McDonald's UK promotes Jez Langhorn
He had held the role of vice-president of people since December 2010.Langhorn has also been UK HR director and head of talent and education at the fast food giant.He joined McDonald’s UK in 1984 as a crew member and has held a number of roles in operations, franchising and HR.His ...
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Fidelity promotes Kate Naylor
Her previous role was head of compensation – financial services, UK and India at Fidelity Worldwide Investment.Naylor previously held a range of reward roles at Barclays, following a background in consulting at Towers Watson.
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Abbiss Cadres appoints Tim Wells
In May 2013, Wells founded a consultancy, called Wells and Co Consulting, of which he is the director.His other previous roles in the industry include group global mobility manager at Britvic Soft Drinks, global mobility manager at Electronic Arts, manager of assignment services at EY, senior international assignment consultant at ...
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ArticleBP and Tui criticised over executive pay
BHP Billiton, BP, Morrisons, Sage Group and Tui have been held up as examples of employers that are not fully complying with regulations governing the reporting of executive pay.The High Pay Centre and partner organisations, including Pensions and Investment Research Consultants, Trade Union Share Owners, ShareAction and the Friends Provident ...
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ArticleJLT to acquire Ensign Pensions
JLT Employee Benefits is to acquire Ensign Pensions Administration (EPA), subject to regulatory approval.The pensions administration firm, which employs more than 250 staff, had been part of the Merchant Navy Officers Pension Fund (MNOPF).Mark Wood, chief executive officer of JLT Employee Benefits, said: “Following this transaction, JLT’s range of services ...
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ArticleThe Bar Council launches master trust
The Bar Council has introduced a master trust pension to ensure each Chambers comply with their auto-enrolment requirements.The master trust, known as YourWorkplacePension, links to provider Close Brothers Asset Management’s (CBAM) auto-enrolment platform, CloseToMyPension.This enables CBAM to manage all of the complexities of auto-enrolment on behalf of each Chamber, including ...
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ArticleEpson Europe moves to global HR tool
Epson Europe has aligned its HR systems across Europe, the Middle East, Africa and Russia (EMEAR).The digital imaging technology organisation has launched a single HR platform, which incorporates compensation and benefits, with provider Talentia Software, which is used by more than 1,000 employees across 26 countries, including more than 300 ...
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ArticleLearn how to boost productivity at Employee Benefits Connect
Given the evolution of the workforce and its changing needs, organizations need to understand their own needs and adapt accordingly.Stephanie Franklin, vice president, talent and integrated HR at Blue Cross Blue Shield of Massachusetts, will lead a session called e-working programs: a tool to boost productivity at Employee Benefits Connect ...
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ArticleExpat share scheme tax changes to be postponed
The government has proposed that share scheme tax and national insurance contribution (NIC) changes for expatriate employees should take effect from April 2015, rather than September 2014 as previously proposed.In its Overview of tax legislation and rates, which was published alongside the Budget 2014 on 19 March, the government confirmed ...
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ArticleMore flexibility to be allowed when taking DC pension savings
In the Budget 2014, Chancellor George Osborne (pictured) announced greater flexibility in the way employees retiring with defined contribution (DC) pensions can take their savings.In the future DC members will be able to take their pension wealth as a lump sum, drawdown, or an annuity.From 27 March the maximum lump ...
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ArticleFlexibility on pension pots could hurt low earners
The government will increase the tax-free amount that can be taken out of small individual pension pots as a cash lump sum to £10,000, up from £2,000. This is regardless of overall total pension wealth of an individual, and cash can be accessed from age 60.Chancellor George Osborne announced in ...
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Expedia aligns flex and auto-enrolment
EXCLUSIVE: Expedia postponed its auto-enrolment staging date by three months to align it with the launch of a new flexible benefits scheme.The organisation had planned to introduce a flexible benefits scheme for some time, but saw the impending auto-enrolment requirements as an ideal opportunity to roll both out at the ...
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Hallmark Cards to share health ideas at Employee Benefits Connect
Employers should take an integrated approach to the design of health and wellness programs.Sally Luck, HR director, corporate services and wellness at Hallmark Cards, will speak in a session titled Health and wellness in the workplace at Employee Benefits Connect in New York on March 25.She said: “There is a ...