All articles by Jennifer Paterson – Page 45
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Article
Jelf promotes Chris Ford and Alan Millward
Jelf Employee Benefits has promoted two directors.Chris Ford (pictured) has been promoted to director of group risk and individual protection. He was previously director of group risk.In his new role, Ford will also be responsible for individual protection services for both the corporate and individual markets.Alan Millward has been promoted ...
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Article
Employers should fund PMI to aid return to work
A court ruling in a case involving work-related stress has determined that employers could be required to fund private medical insurance (PMI) as part of a ‘reasonable adjustment’ to help employees return to work.The claimant in Croft Vets Ltd v Butcher, who had been a long-serving employee, left work with ...
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Article
Working mums earn less after baby
More than two-thirds (68%) of working mothers claim to earn less than they did before having a baby, according to research by Maternitycover.com.Its research, Boardrooms and babies, which surveyed 1,300 UK women, found that only 5% of respondents experienced an increase in salary.The research also found that 45% of respondents ...
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Article
Passive investment funds perform better than active funds
Passive investment funds cost less than active ones, and perform better over most time periods, according to research by investment management firm Evercore Pan-Asset (EPA).The governance revolution paper, which analysed 14 equity, bond and alternative asset classes, showed that the passive funds selected performed better than the median actively-managed fund ...
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Article
Busy Bees acquired by Canadian pension fund
The Ontario Teachers’ Pension Plan has acquired UK childcare provider Busy Bees Nursery Group for an undisclosed sum. Busy Bees currently operates 213 nurseries and employs 7,000 employees.Jo Taylor, head of the Canadian pension fund’s London office, said: “We hope that with our support Busy Bees will be able to ...
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ArticleAbsence could be cut by over a third
The UK and Germany have the worst sickness absence rates in Europe, lagging behind countries such as France, Poland and Romania, according to a report by the Fit for Work Europe Coalition.The report, which was written by The Work Foundation, found that an extra one million employees could be at ...
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Article
Sickness absence levels up slightly
Sickness absence is back up to the levels observed in 2010 and 2011, at an average of 7.6 days per employee per year, following a small decrease in 2012, according to research by the Chartered Institute of Personnel and Development (CIPD).The annual CIPD/Simplyhealth Absence management survey, which was completed by ...
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Video
VIDEO: Sally Purbrick: Taking tough decisions about benefits
Difficult economic times have led to tough decisions about benefits, said Sally Purbrick, head of reward at Anglian Water, in an interview with Jennifer Paterson, senior reporter at Employee Benefits magazine.She added: “There’s one benefit in particular that we didn’t feel was getting a good [take-up], which was an online ...
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Article
Aberdeen in talks to acquire Scottish Widows
Aberdeen Asset Management has confirmed it is in talks with Lloyds Banking Group about acquiring Scottish Widows Investment Partnership.Aberdeen Asset Management said the proposed transaction would offer substantial cost efficiencies and synergies to the business, and that it would reinforce its commitment to a progressive dividend policy and to return ...
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Article
95% of LV= pension members trust their employer
The majority (95%) of LV= pension members who completed its inaugural pension survey trust their employer to make a difference in their path to retirement.Speaking at the National Association of Pension Funds (NAPF) conference in Manchester on 17 October, Mike Acred, pensions manager at the insurance firm, said: “I was ...
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Article
95% not confident about reaching retirement goals
The majority (95%) of young and middle-aged adults do not feel confident they are on track to reach their retirement goals and are looking to their employers for help, according to research by State Street Global Advisors (SSGA).Its UK Defined contribution research, which surveyed more than 1,000 respondents who participate ...
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Article
71% will have to supplement retirement funds
Almost three-quarters (71%) of respondents believe they will need to supplement their income in retirement, according to research by financial services provider Partnership.Its research, which surveyed 2,000 people between the ages of 45 and 65, found that, while 33% of respondents aged between 50 and 65 had put aside savings ...
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Article94% of over 55s glad to be pension savers
The majority (94%) of respondents aged over 55 who participate in a workplace pension scheme are glad they opted to do so, according to research by Aviva.Its Real retirement report, which surveyed almost 18,000 UK consumers aged over 55, examines the financial pressures affecting the UK’s three ages of retirement: ...
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Article
48% feel stressed at work
Nearly half (48%) of respondents feel stressed at work two to three or more times a week, according to research by Axa PPP Healthcare.The Axa PPP Healthcare Workplace wellbeing survey, which surveyed 500 small and medium-sized employers (SMEs) and 500 employees, found that two-thirds (63%) of employer respondents do not ...
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Article
36% provide salary sacrifice car scheme
More than a third (36%) of respondents offer employees a salary sacrifice company car scheme, according to research by the Association of Car Fleet Operators (AFCO).Its research, which questioned fleet decision-makers who collectively operate more than 19,000 company cars and employ more than 100,000 staff, found that this figure is ...
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Article
Warburtons sees 2.3% auto-enrolment opt-out
Warburtons has had 2.3% of its auto-enrolled employees opt out of its trust-based defined contribution (DC) pension scheme, said Anne Hunt, pensions manager at the bakery, at the National Association of Pension Funds (NAPF) conference in Manchester on 17 October.The bakery, which has 4,500 employees across 26 sites, auto-enrolled 1,800 ...
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Article
18% want pension invested in ethical funds
Almost one in five (18%) respondents would like to see 100% of their pension scheme invested in a fund that avoids anything where there may be a negative environemental, social or goverance impact, according to research by the Ethical Investment Research and Information Service (EIRIS).Its research, which was launched to ...
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Article
HMRC reports on real-time information issues
HM Revenue and Customs (HMRC) has published a report into the findings from analysis of disputed pay-as-you-earn (PAYE) charges associated with real-time information reporting.It had received feedback that some PAYE schemes have experienced difficulties in reconciling the difference between the tax HMRC says is due and the tax the employer ...
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ArticleWage gap to narrow between UK and emerging countries
The narrowing wage gap between the UK and emerging economies, such as China, India and the Philippines, will have major implications for business, according to research by PricewaterhouseCoopers (PWC).Its research, which is based on estimates of average monthly wage levels from the International Labour Organisation, found that India and the ...
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Article
Aker Solutions appoints Philip Hutchinson
He will remain in his role as director of RePosition Consulting, which he founded in January 2010.Over the past five years, Hutchinson has held a range of interim reward manager roles with organisations such as the Post Office, Bwin.Party Digital Entertainment and International Power.His other previous roles have included head ...