All articles by Jennifer Paterson – Page 69
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Disability charity selects pension consultancy
The Queen Elizabeth’s Foundation (QEF) for Disabled People has appointed Premier to provide actuarial, consultancy and administration services for its defined benefit (DB) pension scheme.Its DB scheme has 600 members and assets of £24.5 million.Gary Allcott, deputy chief executive and finance director at QEF, said: “Premier was selected for a ...
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Pay by performance still common practice
Pay differentiation, the practice of varying pay awards for employees, is common practice in 93% of UK organisations surveyed, according to research by Towers Watson.The research, which surveyed 124 UK organisations, found that base pay rises were 67% higher, on average, for employees identified as high performing.Respondents with pay budgets ...
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East Cheshire NHS Trust outsources HR services
East Cheshire NHS Trust has outsourced its HR shared service centre.The trust has awarded a four-year, single-supplier contract to Arvato UK and Ireland, under which Arvato will acquire and operate the trust’s Cheshire HR Service.It will provide payroll administration, learning and development and HR consulting.The deal will enable Arvato to ...
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BG Group looks to close legacy DB pension schemes
BG Group has proposed closing its legacy UK defined benefit (DB) pension schemes to future accrual from 1 December 2013.In its Annual report and accounts 2012, the utilities company proposed the closure of its BG Pension Scheme (BGPS) and BG Supplementary Benefits Scheme (BGSBS), subject to the outcome of statutory ...
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Civil servants strike over pay and pensions
Nearly 250,000 civil service employees who work for HM Revenue and Customs (HMRC), the Valuation Office, the Home Office and the UK Border Agency will take strike action today to protest cuts to their pay, pensions and working conditions.This HMRC and Valuation Office members will also hold a half-day strike ...
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University of Leicester appoints pension adviser
The University of Leicester Pension and Assurance Scheme has appointed Aon Hewitt to provide a range of actuarial advice and pension administration services.The defined benefit (DB) pension scheme has approximately 2,200 members and assets of around £110 million.John Holloway, chairman of the trustees at the University of Leicester Pension and ...
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Government criticised for state pension changes
The key to the successful implementation of the single-tier state pension lies in the government informing the public as soon as possible about how it will impact individuals, according to a report by the Work and Pensions Select Committee.In its Single-tier state pension: part 1 of the draft pensions bill, ...
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Stagecoach drivers to receive cycling training
Stagecoach London has developed a training programme for its bus drivers to help them to emphasise with cyclists and understand how to minimise the risk of sharing the road.The programme, in conjunction with Cycle Training UK, follows the implementation of a bikes-for-work scheme by the employer in 2012. A total ...
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Employers create project teams for auto-enrolment
More than half (70%) of respondents have set up a project team for auto-enrolment, up from the 50% that had done so in 2012, according to research by the Chartered Institute of Payroll Professionals.Its second Research paper to understand business readiness for automatic enrolment, published this week, had 95 respondents ...
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UK staff have low pay rise expectations
UK employees have the lowest pay increase expectations of any workforce around the world, according to new research by the Corporate Executive Board (CEB).Its Global labour market survey: a view of Q4 2012 workforce trends, which polled 18,000 employees, found that the UK was followed closely by Belgium, France and ...
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Employees feel demotivated in the workplace
More than half (53%) of UK business leaders are generating demotivating working environments, according to research by Hay Group.The research, which analysed the consultancy’s own data covering around 14,000 leaders in almost 400 UK organisations, found that this figure has fallen by 12% since similar research was published in 2005.It ...
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Standard Life pays £12m to three executives
Standard Life has increased the remuneration levels of its top three executives for 2013 after awarding them pay and bonuses worth nearly £12 million in 2012.The life company will increase the base pay of its chief executive, David Nish, by 1.9% to £790,000, its chief financial officer, Jackie Hunt, by ...
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Salary and benefits top wish list for new graduates
Salary and benefits are at the top of the wish list for graduates looking for their first employer, according to research by Ernst and Young.The research, which was conducted among 2,205 students, found that 22% of respondents ranked salary and benefits as the most important consideration when choosing a future ...
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BGL Group launches fitness initiative
BGL Group has launched an initiative to encourage its staff to be more active.The four-week Active121 programme aims to help employees complete 30 minutes’ exercise five days per week.Around 100 employees have registered for the free benefit, which includes unlimited email access to a wellbeing advisor for personal support, a ...
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BHSF partners Torquil Clark for auto-enrolment product
BHSF has partnered with financial planners Torquil Clark to offer an auto-enrolment product to employers.The employee benefits provider and health insurer has around 3,000 employer clients, the majority of which fall into the small and medium-sized enterprises (SMEs) bracket and the auto-enrolment staging window of 2013/2014.BHSF will offer employers access ...
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Mills and Reeve streamlines three pension schemes
EXCLUSIVE: Mills and Reeve has streamlined its three pension schemes ahead of its October 2013 auto-enrolment staging date.In March 2012, the law firm began a review of its pension provision and opted to streamline its three defined contribution (DC) pension schemes, one stakeholder and two group personal pension (GPP) plans, ...
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KFC launches total reward platform
EXCLUSIVE: Kentucky Fried Chicken (KFC), part of Yum! brands, has launched an online total reward platform for its 10,000 employees, a flexible benefits scheme for its 1,000 salaried employees, and will roll out a defined contribution (DC) pension scheme for its 9,000 weekly-paid staff to comply with its auto-enrolment obligations.The ...
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Paddy Power to introduce new L-tip
Paddy Power has asked its shareholders to approve the adoption of a new long-term incentive plan (L-tip) for 2013.The bookmaker’s annual report highlighted that its 2004 L-tip will expire in mid-2014. The organisation’s board has proposed the introduction of a new L-tip to replace and update it.The new L-tip will ...
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UK workers unaware of income protection options
More than half (51%) of respondents mistakenly assume their employer would pay full salary for at least three to six months in the event of an illness that prevents them from working, according to research by think tank Demos.The research, Investigating how to protect financial wellbeing during times of austerity, ...
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Green fleet targets on the rise
The proportion of organisations setting green fleet targets increased significantly between 2011 and 2012, according to research by Alphabet.The Alphabet fleet management report 2012, which surveyed 250 UK fleet managers, found that 83% of public sector respondents have now set green fleet targets, up from 67% in 2011, while 79% ...