All articles by Jennifer Paterson – Page 71
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Article
Most employers proactively record staff absence
The majority (82%) of respondents proactively record, monitor and manage employee absence, according to research by industry body Group Risk Development (Grid).Its Group risk employer research study, which surveyed 500 organisations, found that 27% of respondents already publish their absence statistics in their annual report and accounts, while 48% are ...
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Phones 4U sets plan for auto-enrolment
Phones 4U has chosen its pensions auto-enrolment product to comply with its staging date of 1 May 2013.The mobile retailer will use Staffcare’s Auto-Enrolment Portal to enrol its 5,000 UK employees into a group personal pension (GPP) plan with Aegon.Its pension advisers, Close Brothers, will manage the employer’s day-to-day auto-enrolment ...
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Article
Centrica pays executive directors £16.4m
Centrica paid its five executive directors £16.4 million in pay and bonuses in 2012, up £1 million from the £15.4 million paid in 2011.The utilities firm’s Annual report and accounts 2012 showed that chief executive Sam Laidlaw was paid £4.96 million, compared to the £4.97 million he rceived in 2011.It ...
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Report on employee ownership published
The Employee Ownership Association (EOA) has published a report that calls for a three-fold increase in the value of employee-owned firms to UK gross domestic product (GDP) by 2020.The Employee ownership impact report, which makes the business case for more organisations to opt for employee ownership, showed that the sector ...
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Benefits not seen as a tool to support business performance
Only a quarter (26%) of employer respondents understand or value the role of benefits as a tool to support business performance, according to research by Edenred.Its Engage to perform study, which examined the key priorities for benefits professionals in 2013, found that 69% of respondents said the role of benefits ...
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Article
Many SMEs unaware of auto-enrolment
More than half (56%) of small and medium-sized employers (SMEs) surveyed said they do not know what auto-enrolment is or are not aware how it applies to their organisation, according to research by RSM Tenon.The RSM Tenon business barometer, a quarterly survey carried out by YouGov among organisations with between ...
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Article
Informa runs global fitness challenge
EXCLUSIVE: Informa has held a fitness challenge for its 8,000 employees globally to encourage staff health and wellbeing.February Fitness saw 100 teams from Australia, Switzerland, Singapore, the UK and the US cycle, swim, run or walk to support their favourite charity.Employees covered 50,000 miles, with three winning teams each receiving ...
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Article
Pensions gender gap wider than in 2012
Women retiring this year expect their annual retirement income to be more than a third (36%) lower than men’s, adding up to a pension gender gap of £6,500, according to research by Prudential.Its Class of 2013 study found that the pension gender gap is 13% wider than it was in ...
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Article
Chief executive to leave The Pensions Regulator
Bill Galvin will step down from his role as chief executive at The Pensions Regulator (TPR) in June to take up a new role as group chief executive at the Universities Superannuation Scheme (USS).TPR will shortly begin a recruitment process to find Galvin’s successor. Until a new chief executive is ...
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Article
Lloyds Banking Group reduces bonus pool
Lloyds Banking Group reduced its bonus pool by approximately 3% to £365 million in 2012, and will not increase salaries in 2013.The group’s 2012 Annual reports and accounts showed the greater impact of this reduction was applied to senior staff, and managed in the context of business and individual performance.It ...
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Article
Fujitsu invests £800m in DB pension schemes
Fujitsu Limited has invested a special payment of £800 million into three of its UK defined benefit (DB) pension schemes.The investment is aimed at improving the funding position of the schemes, which cover more than 21,000 members.It has also negotiated reduced ongoing annual contributions with the pension scheme trustees.Steve Clayton, ...
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Article
Aviva cuts bonuses and pay after shareholder revolt
Aviva did not award bonuses to executive directors in 2012 and is to freeze executive directors’ base pay in 2013.In its 2012 Full year results, the insurer showed that it paid its directors £4.77 million in 2012, down from £7.28 million in 2011.This comes a year after Aviva lost a ...
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Article
Half financial services staff received no pay rise in 2012
More than half (52%) of banking and financial services professionals surveyed did not receive a pay rise in 2012, although 60% expect to receive one in 2013, according to research by recruitment consultancy Robert Walters.The research found that where respondents did receive pay rises in 2012, most were modest at ...
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Case Studies
GSK wants staff to plan their future
GlaxoSmithKline (GSK) UK’s headquarters in Brentford, Middlesex, provides employees with their own self-contained town. It boasts a high street with cafés, a sit-down restaurant, bike shop, flower shop, dry cleaners and a gym.Harsha Modha, director, UK benefits at GSK, says: “We encourage employees to walk along our street and have ...
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Article
Employers plan to evolve health strategies
EXCLUSIVE: Almost two-thirds (69%) of employer respondents plan to develop their health and wellbeing strategies over the next two or three years, according to research by Towers Watson.Its Health, wellbeing and productivity survey 2012-2013 found that 15% of respondents plan to significantly increase their support over the next two or ...
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Article
Findel Group appoints DB pension adviser
Findel Group has appointed an adviser to provide actuarial, administration and investment services to its £120 million defined benefit (DB) pension fund.The group has appointed Barnett Waddingham, effective from April 2013.Steve Delo, chief executive of Pan Governance, the independent chair of the trustees for the Findel Group Pension Fund (pictured), ...
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How employers are mitigating the risk of DB pension deficits
Over the past few weeks, the Institute of Cancer Research, BAE Systems and the UK Chamber of Shipping have taken up buy-ins.Jay Shah, co-head of business origination at the Pension Insurance Corporation, said: “From a value perspective, pension schemes are comparing the cost of a buy-in versus the amount of ...
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Article
Employer communications boost auto-enrolment opt-ins
Serco Group saw 2% of staff opt in to its stakeholder scheme ahead of its staging date of 1 May 2013. It began communicating auto enrolment to its 30,000 UK staff in January 2013. This led to many calls to HR, requests for 152pension information packs and the 2% rise ...
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Get set for Employee Benefits Live 2013
The show will offer more than 35 conference sessions and a huge range of exhibitors to meet all your benefits needs, as well as networking and development opportunities.More information is available here.
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Employee Benefits Connect: Delegates have luck of the draw
Doug Killen, compensation and benefits manager at Dunnhumby, was the winner of £250 worth of John Lewis vouchers.Individual exhibitor stands also gave delegates the chance to win prizes and giveaways. For instance, Miriam Tapak, HR officer, pay and benefits at the Stroke Association, won a bottle of champagne in a ...