All articles by Jennifer Paterson – Page 60
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Article
Most employers outsource pension administration
Three-quarters (75%) of respondents outsource the administration of their pension scheme, up from 69% in 2012, according to research by Aon Hewitt.Its 2013 Benefits administration survey, which questioned 361 employers with a combined £97 billion in pension assets and more than two million employees, found that nearly half of the ...
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ArticleMost common benefits to combat stress
EXCLUSIVE: Less than half (46%) of respondents have specific benefits and strategies in place to reduce workplace stress, according to research by Employee Benefits.The Employee Benefits Healthcare research 2013, which surveyed 376 HR and benefits professionals, found that the most common benefits to combat stress in the workplace include a ...
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Article
British Airways pension deficit increases by £100m
British Airways has seen a £100 million increase in the deficit of its two defined benefit (DB) pension schemes since 2010.The combined technical deficit at 31 March 2012 was £3.3 billion, compared to £3.2 billion at 31 March 2010.The increase is due to a reduction in the interest rates used ...
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Article
UK employees experience record pay cuts
In the period since 2008, real wages in the UK have fallen by more than in any comparable five-year period, according to research by the Institute for Fiscal Studies (IFS).The research, which was published as part of the IFS’s journal Fiscal Studies, found that a third of UK employees saw ...
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Article
Executive pay increased by £45 million in 2012
FTSE 100 chief executive officers (CEO) were collectively paid £425 million in 2012, up £45 million from 2011, according to annual research by Manifest and MM&K.The Executive director total remuneration survey 2013, which analysed the latest annual reports of 581 organisations, found the increased payouts were almost entirely due to ...
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Article
TPR publishes auto-enrolment codes of practice
The Pensions Regulator (TPR) has published guidance and revised codes of practice, which aim to support auto-enrolment by helping to ensure workplace pension scheme members receive the pension contributions they are due.The documents set out:Guidance for employers that have primary responsibility for ensuring the correct level of contribution is paid ...
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John Lewis extends staff volunteering
John Lewis will allocate more than 33,000 working hours each year to enable its employees to spend more time volunteering.Each of the retailer’s stores has a community liaison coordinator who works with local community groups and charities to identify a range of ways in which staff can support them, including ...
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Article
Heineken appoints DB pension administrator
Heineken has appointed Capita Employee Benefits to provide pensions administration services to its Scottish and Newcastle Pension Plan, its closed defined benefit (DB) pension scheme in the UK.Capita will also provide the brewer with trustee and scheme accounting, pensioner payroll services and will carry out a data-rectification project.The DB scheme, ...
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Article
NAPF appoints new chairman
The National Association of Pension Funds (NAPF) has appointed Ruston Smith chairman.He will succeed Mark Hyde Harrison, whose two-year tenure will end at the NAPF’s annual general meeting in October 2013.Ruston is group pensions and insurable risk director at Tesco. In this role, he is accountable for the running of ...
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Article
Tune in live for Employee Benefits Awards’ winners
Asda, BMW (UK), Coca-Cola Enterprises, E.On, FirstGroup, JP Morgan or Samsung?Which employer will take home a coveted prize at the Employee Benefits Awards.The winners will be announced during a lunch-time ceremony at the Artillery Garden at the HAC in London on 7 June.Follow @EmployeeBenefit or search hashtag #EBAwards on Twitter ...
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Article
How the economic climate has impacted health benefits
EXCLUSIVE: Nearly half (44%) of respondents said the economic climate has increased pressure to reduce the cost of providing healthcare benefits over the past 12 months, according to research by Employee Benefits.The Employee Benefits Healthcare research 2013, which surveyed 376 HR and benefits professionals, found that 42% were prompted to ...
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Article
Freshfields and Merlin shortlisted for benefits team of the year
Freshfields Bruckhaus Deringer and Merlin Entertainments are among the employers shortlisted for ‘Benefits team of the year’ at the Employee Benefits Awards 2013.This category celebrates how an in-house benefits team worked together to deliver benefits that meet the HR and business strategies of their organisation.The full shortlist is: Freshfields Bruckhaus ...
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Analysis
Interview with Jane Fenwick, associate director of total rewards at Shire Pharmaceuticals
When Fenwick decided to join the world of work at the age of 18, she was unsure exactly what her vocational leanings might be.“I had strong academic results, but I didn’t like living in the theoretical world,” she says. “I felt I would be better served going down an employment ...
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Article
Heineken and ITV shortlisted for benefits communications
Heineken UK, ITV and Kimberly-Clark are among the employers shortlisted for the ‘Best benefits communications – small employer’ at the Employee Benefits Awards 2013.For this category, the judges looked at a range of entries, highlighting one-off benefits promotions or a whole benefits package.The full category shortlist is: Benefex - The ...
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Article
Cycling to work could halve sick days
Cycling to work could halve the number of sick days taken by UK employees and provide a £13.7 billion annual boost to UK business, according to a report by Sustrans.The report has been launched in tandem with the charity’s Support Cycling to Work campaign.It calls on government to recognise the ...
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ArticleEmployers to focus on communicating health benefits
EXCLUSIVE: Over a quarter (28%) of respondents intend to put a greater focus on communicating their healthcare benefits to staff over the next 12 months, according to exclusive research by Employee Benefits.The Employee Benefits Healthcare research 2013, which surveyed 376 HR and benefits professionals, also found that 22% of respondents ...
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Article
Employers face cost of ill-health early retirement provision
Just over a third (35%) of respondents closing a defined benefit (DB) pension plan are considering the issue of how to manage ill-health early retirement provision, according to research by trade body Group Risk Development (Grid).The research, which surveyed 500 UK organisations, also found that almost one in five (19%) ...
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Article
Computershare acquires Morgan Stanley EMEA shares business
Computershare has completed the acquisition of the Europe, Middle East and Africa (EMEA) portion of Morgan Stanley’s global employee share plan services business.The acquisition, which was first announced in February 2013, will transfer to Computershare the business’s recordkeeping, administration and trade executive services for corporate shares and option-based compensation plans ...
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Article
E.On and Oracle shortlisted for benefits communication
E.On, Mondelez International and Oracle are among the employers shortlisted for ‘Best benefits communications – large employer’ at the Employee Benefits Awards 2013.For this category, judges looked for an effective and innovative approach to benefits communications, whether it was through face-to-face, print, social media or digital media.The full category shortlist ...
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ArticleBonus culture in the City on the decline
Bonus culture in the City has declined with a 14% drop in employees receiving bonuses for 2012/13, according to research by Morgan McKinley Financial Services.Its 2012/13 Bonus satisfaction survey, which questioned financial services professionals in London, found that 68% were paid bonuses in 2012/13, compared to 82% in 2011/12.The research ...