All articles by Jennifer Paterson – Page 22
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ArticleCoca-Cola signs up to staff engagement initiative
Coca-Cola Enterprises and Telent are among the employers that have signed up for a new employee engagement initiative.The initiative, which was launched by Standard Life, aims to develop the most effective means of employee engagement in a post-auto-enrolment world.It includes a range of messaging campaigns available for all employers with ...
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ArticleWhat benefits do your competitors offer?
By taking part you will be able to confidentially share your data and it in turn receive a report showing a comprehensive overview of benefits offered by hundreds of UK organisations.Please click here to take the survey.As a thank you for taking part, we will send respondents an extended version ...
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ArticlePension contributions should begin before age 22
Nearly half (45%) of respondents believe people should begin contributing towards a pension before they reach the age of 22 to ensure they have a comfortable retirement, according to research by software and services organisation Sage.Its research, which surveyed 2,040 UK adults, found that six out of 10 respondents expect ...
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Premier Foods rejigs pensions deficit payment
Premier Foods is to restructure the deficit contribution schedule covering its eight defined benefit (DB) pension schemes as part of a larger capital restructure.In its full year results for the year to 31 December 2013, the foods producer, which owns brands such as Ambrosia, Hovis, Oxo and Sharwood’s, stated that ...
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ArticleBanks restructure bonuses to meet FCA guidance
All major retail banks have either replaced or made substantial changes to their financial incentive schemes, according to the Financial Conduct Authority (FCA).The City watchdog’s latest review of financial incentive schemes found significant improvements at many UK banks, but adds that further work is needed.For example, the FCA has identified ...
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Telefonica to extend recognition plan to Latin America
Telefonica is to extend its new recognition programme across Latin America in March.The plan, which was rolled out across Europe in autumn 2013, has been aligned with the technology organisation’s latest global transformation programme.Natasha Rice, director of reward and recognition at Telefonica Europe, spoke about the recognition plan and the ...
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American Express reviews global benefits
American Express has implemented a global benefits database and used the resulting data to complete a review of its multinational pooling networks.In a session titled How to obtain value with a global workforce when budgets are strained at Employee Benefits Connect on 27 February, Jamie Green, global benefits analyst at ...
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ArticleGoodman Masson trademarks staff engagement
EXCLUSIVE: Recruitment firm Goodman Masson has trademarked its employee engagement philosophy.The Experience® and the phrase ‘There is more to life than work®’ become registered trademarks on 28 February.Goodman Masson credits its low levels of employee attrition and high levels of employee engagement to a range of factors, including:Wellbeing initiatives, such ...
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ArticleGovernment names five employers which failed to pay minimum wage
The government has named and shamed five employers for failing to pay the correct national minimum wage.It is is introducing a series of measures to crack down on employers that fail to pay the national minimum wage. The first of these, a tougher naming and shaming scheme, came into effect ...
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VideoVIDEO: Simon Nash: Pay does not motivate staff
Pay is virtually unimportant in motivating employees, said Simon Nash, HR director at Carey Olsen, in an interview with Clare Bettelley, associate editor of Employee Benefits.“There is a myth in the world of HR and management that pay motivates, but most studies have proven that pay actually doesn’t motivate,” he ...
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ArticleEmployers support government's Health and Work Service
More than half (58%) of respondents intend to build referrals to the government’s incoming Health and Work Service (HWS) into their absence management policies, according to research by Jelf Employee Benefits.Its research, which surveyed 124 employers, found that just 7% of respondents do not intend to make referrals, while a ...
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ArticleEmployers to increase share plan savings limits
EXCLUSIVE: More than half (54%) of employer respondents that provide sharesave schemes intend to increase the monthly savings limits when new legislation comes into force from 6 April, according to research by Equiniti.Its research, which surveyed 40 employers that provide a sharesave plan and 26 that provide a share incentive ...
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ArticleGovernment publishes draft regulations on shared parental leave pay
The government has published draft regulations on shared parental leave pay.The draft regulations, which are part of the Children and Families Bill, will be laid before Parliament as part of a set of secondary legislation that will bring the new shared parental leave and pay system into effect.The regulations introduce ...
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ArticleTPR and FCA launch DC pension regulatory guide
The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) have published a joint guide that sets out how they will regulate workplace defined contribution (DC) pensions.The Guide to the regulation of workplace defined contribution pensions, which is aimed at pension providers, advisers and trustees, outlines each regulator’s approach, and ...
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VideoVIDEO: Rosemary Lemon: Share schemes create financial wellbeing
Employee share schemes create a greater sense of financial wellbeing, said Rosemary Lemon (pictured), group head of executive remuneration and reward at Legal and General (L&G), in an interview with Jennifer Paterson, senior reporter at Employee Benefits.Lemon said that the organisation’s share plans are very important for aligning employees with ...
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ArticleEuropean court rules DC pensions could be exempt from VAT
The Court of Justice of the European Union (CJEU) has ruled that defined contribution (DC) pension schemes could be exempt from value-added tax (VAT).In case of ATP Pension Services, the CJEU has concluded that a DC pension arrangement may qualify as a special investment fund, meaning that fees for managing ...
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Express Newspapers cuts PMI costs
Express Newspapers has reduced its private medical insurance (PMI) premiums by 10%.The publishing firm, which has titles including the Daily Express, the Sunday Express, the Daily Star and the Daily Star on Sunday, appointed PMI Health Group to broker its PMI scheme for its 600 employees. One of its sister ...
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ArticleTrivial commutation limits to increase
The government has increased the trivial commutation limits, from £18,000 to £30,000.Trivial commutation is the opportunity, offered by pension providers, to convert 100% of a small pension into a one-off cash payment.The cash received is known as a trivial commutation lump sum.In the 2014 Budget, Chancellor George Osborne announced that ...
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ArticleEmployer-supported childcare vouchers to be phased out
The employer-supported childcare voucher scheme will be closed to new entrants from autumn 2015, when the government’s new tax-free childcare scheme, previosuly announced in the 2013 Budget, takes effect.On 18 March, the government announced it will raise the costs cap to £2,000, up from the £1,200 that was previously proposed.It ...