All articles by Jennifer Paterson – Page 39
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Article
UK ranks last in Europe for well-paid parental leave
The UK ranks last in Europe for providing working parents with well-paid leave following the birth of a child, according to research by Trades Union Congress (TUC).The research, which was published to coincide with the Children and Families Bill beginning its committee stage in the House of Lords on 19 ...
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Article
Standard Life moves wealth division into investments
Standard Life Wealth is to move within the Standard Life group to its global fund manager Standard Life Investments with effect from 1 January 2014.Richard Charnock, chief executive officer of Standard Life Wealth, who will report to Keith Skeoch, chief executive officer of Standard Life Investments, will be appointed to ...
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Article
EHRC to investigate maternity discrimination
The Equality and Human Rights Commission (EHRC) is to undertake a comprehensive research project into the scale of pregnancy and maternity discrimination in the workplace.The EHRC has launched the project due to anecdotal evidence that suggests some pregnant women experience discrimination while on maternity leave or on their return to ...
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Article
Standard Life Investments to launch new default fund
Standard Life Investments is to launch a new default fund for defined contribution (DC) pension scheme members.The Enhanced-Diversification Growth Fund (EDGF) is a lower volatility diversified growth fund, which is designed to generate equity-like returns with lower volatility than investing in equity markets.The fund, which will be launched in the ...
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DWP launches consultation on money purchase pensions
The Department for Work and Pensions (DWP) has launched a consultation on money purchase pension schemes.The consultation, which is open to pension industry bodies, trustees or scheme managers, pension scheme members and employers, seeks to clarify the definition of money purchase included in section 29 of the Pensions Act 2011.The ...
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Article
Pension comparison service launched
Pension PlayPen has launched an online service to help UK employers choose a workplace pension.The service, Cap (choose a pension), gives employers direct access to all major providers of contract- and trust-based pension schemes.The free service allows employers to access quotes, compare offerings and decide on the workplace pension that ...
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Article
TPR DC code comes into effect
The Pensions Regulator has published its regulatory guidance for defined contribution (DC) pension schemes to sit alongside its DC code, which came into effect on 21 November.The code, which was consulted upon earlier in 2013, sets out practical guidance on how pension trustees can meet the underlying requirements of pensions ...
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Scisys boosts employee pensions engagement
EXCLUSIVE: Scisys Group has seen 85% of its staff register to manage their pension scheme online and 47% opt to select their own investments following the launch of its workplace savings platform.The IT services developer has also seen 30% of employees increase their pension contributions and 35% log-in to view ...
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Article
Wolseley UK launches flexible benefits
EXCLUSIVE: Heating and plumbing organisation, Wolseley UK, has launched a flexible benefits scheme for the first time.The scheme, Your Choices, includes dental insurance, a health cash plan, additional life assurance, life assurance for partners and personal accident insurance.It also includes a flex fund for all 6,200 employees, at 1% of ...
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Article
Retirement plans pushed back four years
Those approaching retirement are pushing back their retirement plans by an average of four years, according to research by pensions and investment provider NFU Mutual.Its research, which surveyed more than 2,000 UK adults, found that one in 10 respondents who are past the age of 55 and still working said ...
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Video
VIDEO: Elaine Nisbet: Entering Employee Benefits Awards offers many benefits
The benefits of entering the Employee Benefits Awardswas fantastic, said Elaine Nisbet, employee and learning resources director at City Health Care Partnership CIC.The benefits included going to the event, meeting other people and seeing what other employers are doing, she said during an interview with Jennifer Paterson, senior reporter at ...
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Article
Barclays and Danone win family-friendly employer awards
Atkins, Barclays, Danone and Royal Mail Group are among the employers recognised in the Workingmums.co.uk Top Employer Awards.The awards, which were presented earlier in November, recognise both large and small employers that have embraced the business benefits of flexible working and been proactive in creating a family-friendly working environment for ...
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Article
Capita appoints senior investment consultant
Capita Employee Benefits has appointed Sam Roberts (pictured) senior investment consultant.Roberts joins from Lane Clark and Peacock (LCP) where he was a lead consultant with a specific focus on investment.In the new role, Roberts will provide a range of investment advice to both trustee boards and employers, including advice on ...
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Article
Aon Hewitt launches guide to DC pensions
Aon Hewitt has launched a guide to defined contribution (DC) pension schemes.Achieving better member outcomes – a practical guide to DC pensions provides an overview to employers and trustees of all aspects of DC pensions.The guide covers:Understanding the plan and setting priorities.Improving savings rates.Investment strategies.Designing the default option.Making the right ...
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Article
Government consults on defined ambition pensions
The government has published a consultation into its defined ambition pension scheme.The Department for Work and Pensions (DWP) introduced its proposals for a defined ambition pension in November 2012 in its paper, Reinvigorating workplace pensions.The defined ambition pension is designed to reshape workplace pensions for future generations, create more certainty ...
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Article
Royal Mail staff must wait for full shares allocation
Royal Mail employees will not receive their full free share allocation until April 2014.Using calculations based on a maximum share price offer of 330p per share, the 150,000 eligible full-time employees were due to immediately receive around 725 free shares each, while part-time staff would receive a smaller number of ...
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Article
London Luton Airport halves healthcare costs
EXCLUSIVE: London Luton Airport has halved its health insurance premiums and seen employee take up of its health benefits rise to nearly 100% over the past year.The airport launched a health cash plan, Mosaic, and hospital treatment insurance, with healthcare provider Westfield Health in 2012.Mosaic, which can be tailored to ...
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Article
Computershare acquires Kidsunlimited voucher business
Computershare Voucher Services (CVS) has acquired Kidsunlimited’s childcare voucher business from Bright Horizons, which had purchased it in April 2013.It has also formed a strategic partnership with Bright Horizons, which will build on the two organisations’ common goals and childcare expertise.The partnership will see CVS and Bright Horizons work closely ...
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Article
Aetna International to acquire InterGlobal
Aetna International is to acquire InterGlobal from a group led by its majority shareholder, Alchemy Partners, for an undisclosed sum. InterGlobal has more than 65,000 medical members worldwide and specialises in international private medical insurance (PMI) for organisations and individuals in Africa, Asia, Europe and the Middle East.The transaction is ...
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Article
Aberdeen confirms acquisition of Scottish Widows’ investment business
Aberdeen Asset Management has confirmed that it is to acquire Scottish Widows Investment Partnership (SWIP), as well as its private equity and infrastructure fund management businesses.The acquisition, which was first proposed in October, includes a long-term strategic relationship with SWIP’s parent company, Lloyds Banking Group.The consideration for the acquisition of ...