All articles by Jennifer Paterson – Page 53
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Tusker partners FMG to enhance car scheme
Tusker has partnered fleet optimisation organisation FMG to provide incident management services to employers that offer staff its salary sacrifice company car scheme.The contract will initially cover more than 6,000 cars from more than 110 private and public sector organisations.FMG will provide full incident and repair management services to support ...
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London Overground launches online voluntary benefits plan
London Overground Rail Operations (LOROL) has launched an online voluntary benefits programme.The LOROL Extras website, which was rolled out on 1 August, includes telephone and online discount codes to save money on purchases, such as clothes, music and do-it-yourself items, as well as insurance policies and hotel bookings.Employees can also ...
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VIDEO: Roger Barker: Executive pay out of touch with society
There is increasing concern that executive pay is increasing at a rate that is out of touch with the rest of society, said Roger Barker, director of corporate governance and professional standards at the Institute of Directors, during an interview with Debbie Lovewell, deputy editor of Employee Benefits.He added: “This ...
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VIDEO: Steven Poelmans: Work-life balance beneficial on many levels
A focus on work-life balance is beneficial from a macro level, societal level, organisational level and individual level, said Dr Steven Poelmans, professor and director of the Coaching Competency Center at EADA Business School in an interview with Debi O’Donovan, editor of Employee Benefits.He added: “Academic studies demonstrate a relationship ...
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LEBC Group auto-enrols staff one year early
LEBC Group has auto-enrolled its workforce almost a year before its staging date.The independent financial advice firm and employee benefits consultancy opted to auto-enrol on 1 July 2013, rather than 1 May 2014, to ensure it fully understood, from practical experience, the actual issues its employer clients’ HR and finance ...
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TPR launches guides on choosing pensions for auto-enrolment
The Pensions Regulator (TPR) has launched a suite of new guides to help employers with limited pensions experience select a good-quality pension scheme for auto-enrolment.An employer’s guide to selecting a good-quality pension scheme for automatic-enrolment helps employers evaluate whether a scheme is well run, offers value for money and protects ...
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VIDEO: Stephen Gay: Auto-enrolment to create a resilient society
Employers are crucial in making auto-enrolment work and will need to consider how much effort they are going to put into engaging their staff with pensions, said Stephen Gay, director of life, savings and protection at the Association of British Insurers (ABI).During an interview with Debi O’Donovan, editor of Employee ...
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Jelf launches annuity service as standalone product
Jelf Employee Benefits is launching its whole-of-market annuity-broking service as a standalone product.The Retirement Income Finder is already available to its existing pension and financial-planning clients, but will now be rolled out to the wider market as a standalone product.The service encourages pension scheme members to select the most appropriate ...
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University of St Andrews launches master trust
The University of St Andrews has launched a master trust to comply with its auto-enrolment duties.It has appointed Now: Pensions to provide the scheme for its 460 eligible employees, who were auto-enrolled on the university’s staging date of 1 July 2013.The University of St Andrews is the second university to ...
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VIDEO: Andrew Garner: EVP has to be broken down into component parts
The employee value proposition (EVP) has to be broken down into its component parts, said Andrew Garner, author of Smart moves – successful strategies and tactics for career management, in an interview with Debi O’Donovan, editor of Employee Benefits.He added that the employee value proposition embraces, in its component parts, ...
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John Lewis extends physio service to all staff
The John Lewis Partnership has extended its physiotherapy service to all 84,500 John Lewis and Waitrose employees.The retail organisation previously offered the service, which is provided by Physio Med, to its Waitrose employees, but has now extended it across the partnership.It was keen to reduce the incidence, duration and recurrence ...
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Age UK partners L&G to launch pension project nationwide
EXCLUSIVE: Age UK has partnered Legal and General to roll out its Living on the state pension project to employers across the UK.The pension provider worked with Age UK to complete the project in 2012, challenging volunteer employees to try to live off the state pension. For every employee who ...
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Most female workers return to flexible roles after maternity leave
The majority (83%) of female employees in respondents’ organisations who return to work following maternity leave have moved into part-time or flexible-working roles, according to research by recruitment consultancy Robert Half.Its research, which surveyed 200 UK HR directors, found that this rose to 92% of employees in London and the ...
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A third unconcerned about funding retirement
One-third (33%) of respondents who are at retirement or are looking to retire in the future are unconcerned about funding their retirement, according to Close Brothers Asset Management.Its inaugural Trends in wealth report: Road to retirement, which surveyed more than 1,000 UK adults with gross household incomes of £70,000 or ...
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ABI launches annuity initiative
The Association of British Insurers (ABI) is to publish specimen annuity rates offered by its members to highlight the importance of shopping around for the best deal when it comes to buying an annuity.The publication is part of the ABI’s Code of conduct on retirement choices, which was launched in ...
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L&G sees 5% auto-enrolment opt out
EXCLUSIVE: Legal and General has only seen 5%, 11 of 207, auto-enrolled employees opt out since its staging date on 1 April.Prior to staging, 700 employees were in a defined benefit (DB) pension scheme that is closed to future accrual and all but 207 of the remainder of its 7,500 ...
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William Hill staff to receive £3.5m sharesave payout
William Hill employees are to share a £3.5 million-payout from the organisation’s three-year sharesave plan.Almost 550 UK employees will benefit from a rise in the organisation’s share price from £1.48 to £4.86 during the period of July 2010 to July 2013.In 2012, almost 700 employees received a £3.5 million-payout after ...
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Most Britons think 20s is ideal time to start pension savings
The majority (91%) of respondents believe it is best for individuals to start saving into a pension in their 20s, according to research by the Money Advice Service.The financial capability of the UK report surveyed more than 5,000 people and followed 72 families closely for a year to provide a ...
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Sports13 partners PosturePip for workplace health
Workplace health and wellbeing organisation Sports13 has partnered PosturePip to offers its product to employers.PosturePip, which is designed to help office workers improve their posture, health and wellbeing, is an animated exercise reminder in the form of a virtual pet to demonstrate and encourage the performance of simple exercises.It is ...
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Mattioli Woods acquires Atkinson Bolton
Pensions and wealth management firm Mattioli Woods has acquired employee benefits and wealth management business Atkinson Bolton.The deal will see an additional £420 million of funds under management and advice, with 50 employees added to the group, which now employs more than 300 staff and has more than £4 billion ...