All articles by Jennifer Paterson – Page 74

  • Article

    HMRC warns employers about RTI

    2013-03-06T11:05:00Z

    HM Revenue and Customs (HMRC) is reminding employers about real-time information (RTI) reporting, one month before the legislation takes effect on 6 April.From that date, employers will be required to move to a new way of reporting pay-as-you-earn (PAYE), doing so each time employees are paid rather than annually.HMRC suggests ...

  • Article

    Salaries expected to rise in 2013

    2013-03-06T11:01:00Z

    Three-quarters (74%) of employer respondents are expecting to increase salaries in 2013, according to research by global management consultancy Hay Group.Its Reward in 2013 report surveyed 125 organisations, representing more than a quarter of a million UK employees.It found that 51% of respondents are expecting to increase salaries by up ...

  • Article

    ICR enters into pension insurance buy-in

    2013-03-05T12:25:00Z

    The Institute of Cancer Research (ICR) Pension Scheme has entered into a pension insurance buy-in to cover £30 million of liabilities for its defined benefit (DB) pension scheme.The buy-in was concluded by Pension Insurance Corporation (PIC). The trustees were advised by Punter Southall and Towers Watson.John Roberts, chair of the ...

  • Article

    Towers Watson launches DB pension app

    2013-03-05T12:24:00Z

    Towers Watson has launched an application (app) for iPads to help employers and trustees understand the factors that affect the size of their defined benefit (DB) pension deficits.The Funding Illustrator App allows employers and trustees to engage with the possible outcomes from actuarial valuations much earlier in the valuation process, ...

  • Article

    Buck Consultants launches auto-enrolment system

    2013-03-05T12:22:00Z

    Buck Consultants has launched an auto-enrolment system, which is designed for small and medium-sized employers.Enrolment Pro can be integrated with employers existing systems or used as a standalone platform. It includes modules that guide employers through each stage of auto-enrolment, from auditing existing systems through to assessing ongoing governance.The modules ...

  • Article

    Hotel group considers global framework vital

    2013-03-01T14:03:00Z

    EB Connect 2013: It is vital to consider framework and processes when implementing a global reward infrastructure, said Nicos Nicolaides, director, compensation and benefits, Europe, Intercontinental Hotels Group (IHG) at Employee Benefits Connect on 1 March.Speaking at a session on what to consider when building a global reward infrastructure, he ...

  • Article

    Employers change contribution structure for auto-enrolment

    2013-03-01T11:40:00Z

    EB Connect 2013: Employers need to consider their pension contribution structure when complying with auto-enrolment to ensure that it is future-proof.During a panel session at Employee Benefits Connect on 1 March, pensions and benefits profiessionals from Heineken, British Airways (BA) and Marriott Hotels Europe discussed the lessons they have learned ...

  • Article

    JP Morgan to launch family homecare scheme

    2013-03-01T09:45:00Z

    JP Morgan is to launch a family homecare scheme, which includes up to six weeks at-home assistance in the event of an accident or unforeseen illness.The Insured Family Homecare scheme, which will go live on 1 April 2013, includes personal care, domestic help, meal preparation, and transport to and from ...

  • Article

    Saving for retirement not top priority

    2013-03-01T00:00:00Z

    Only one-fifth (21%) of respondents said that saving for retirement was their top financial priority, according to research by Friends Life.Its survey of 1,600 employees over the age of 50, found that this age group is more focused on making ends meet (23%), saving for holidays or leisure activities (15%) ...

  • Article

    Premier launches online retirement service

    2013-03-01T00:00:00Z

    Premier has launched an online retirement service for both employers and trustees.The web-based service, Gateway2Retirement, is aimed at helping employees understand all of their pension options, and guiding them to the right one for them, whether it is an annuity, a drawdown pension or a phased retirement.For instance, if annuity ...

  • Article

    Wealth at Work launches retirement options service

    2013-03-01T00:00:00Z

    Wealth at Work has launched a retirement income option service, which is designed to ensure employees maximise their retirement income.The service includes:Financial education, which will ensure employees understand the retirement income options available to them.Internet support tools to help support employees on all aspects of retirement which are easily accessible ...

  • Article

    Killik launches wealth management service

    2013-03-01T00:00:00Z

    EXCLUSIVE: Killik Employee Services, a division of Killik and Co, has launched a wealth management service aimed at helping senior executives achieve full value from equity participation in their employer.The service, called Encompass, focuses on ways that share participation, whether through share schemes or direct acquisition, can be used to ...

  • Article

    JLT Wealth Management launches retirement service

    2013-03-01T00:00:00Z

    JLT Wealth Management has launched a range of services to ensure that employers can provide their workforce with effective pre and at-retirement advice.The service, called Road to Retirement, supports employees in both defined benefit (DB) and defined contribution (DC) pension schemes.It includes:A pre and at-retirement information pack for all employees ...

  • Article

    Sergeant review of financial products published

    2013-03-01T00:00:00Z

    An independent steering group set up by the government has published its final recommendations, Sergeant review of simple financial products, on simplifying financial services products, such as life insurance products and savings accounts.While the report does not immediately change anything for employers, it does indicate that they should play a ...

  • Article

    Unpaid parental leave extended

    2013-03-01T00:00:00Z

    The right to unpaid parental leave for parents with children under the age of five will be extended from 13 to 18 weeks from 8 March.The change is being made under the revised Parental Leave (EU Directive) Regulations 2013, which were originally due to come in to effect from March ...

  • Article

    FTSE pension schemes invest mainly in equities

    2013-03-01T00:00:00Z

    More than three-quarters (79%) of average asset allocations for FTSE 100 and FTSE 250 defined contribution (DC) pension schemes are in equities, according to research by asset management firm Schroders.The DC default research, which looked at 16 FTSE 100 companies and nine FTSE 250 companies, found that global equities, including ...

  • Article

    Employers do not monitor wellness strategies' outcomes

    2013-03-01T00:00:00Z

    Only 9% of employer respondents actively monitor and measure specific outcomes of their workplace wellness strategy against original objectives, according to research by Buck Consultants.Its Working well: a global survey of health promotion and workplace wellness strategies report, found that 74% of respondents do not measure the impact of their ...

  • Article

    TR Fleet partners Specsavers for driver risk management

    2013-03-01T00:00:00Z

    Fleet consultancy TR Fleet has formed a partnership with Specsavers Corporate Eyecare to tackle the issue of poor eyesight and driver safety.Employers that use TR Fleet’s DriveSecure risk-management programme issued with Specsavers vouchers for free eye tests for their staff.The system will identify the drivers who are considered to be ...

  • Article

    Social investment fund is most popular default

    2013-03-01T00:00:00Z

    More than three-quarters (77%) of respondents would prefer to contribute to a social investment fund rather than a conventional fund when selecting the default fund for a defined contribution (DC) pension scheme, according to research by Standard Life Investments.Its research, Identifying new ways to engage with savers in defined contribution ...

  • Article

    Mercer launches new DC pension and workplace savings division

    2013-03-01T00:00:00Z

    Mercer has created a new defined contribution (DC) pension and workplace savings division.The consultancy has also appointed Brian Henderson (pictured) as UK leader for the division. Henderson has been a partner at Mercer since 2008, most recently as DC leader for investments in the UK. He has also been a ...