All articles by Jennifer Paterson – Page 86
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Article
New industry code on pension charges
A new industry code of conduct for disclosing information to employers on the charges made on workplace pensions has been published.The code enables the consistent disclosure of charges and investments costs. It specifies that all charges are clearly and accurately stated in writing, and that employers receive a standard template ...
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Article
Report on pensions auto-enrolment 2012
Employee Benefits’ pension auto-enrolment report highlights the mains topics and issues employers should be aware of around the legislative changes.The report (download PDF) covers:Step-by-step guide to auto-enrolment complianceLegal issues around auto-enrolmentCharles Counsell: Do not leave auto-enrolment plans too lateChoosing a provider for auto-enrolmentMorrisons helps employees to save moneyPaul Gilbody: Rise ...
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Article
Islington Council to invest pension in real estate
Islington Council is to invest £20 million of its £800 million defined benefit (DB) pension fund in residential real estate to reduce liabilities and boost the supply of housing.The fund will hold a diversified mix of new and recently built properties, half of which are based in London and the ...
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Article
Most employees will not opt-out when auto-enrolled
Nearly three-quarters (70%) of respondents are likely to stay in a pension scheme once they have been auto-enrolled, according to research by the Department for Work and Pensions (DWP).Its Attitudes to pensions: the 2013 survey, which polled 1,949 UK adults, also found that almost two-thirds (59%) do not feel they ...
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Article
News International has 1,000 bike scheme members
News International has signed up its 1,000th employee to its bikes-for-work scheme.Lars Gilry, a technical support engineer in the publisher’s printing division in Broxbourne, Hertfordshire, was awarded with a £100 gift voucher from Evans Cycles, the scheme’s provider.The Evans Cycles’ Ride2Work team visited Gilry’s workplace to present him with the ...
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Article
Edenred launches employee engagement guide
EXCLUSIVE: Edenred has launched a guide to help employers improve employee engagement.It aims to help organisations work with managers to ensure reward and benefits better support employee engagement, improve organisational performance and deliver return on investment.The guide builds on the ideas of Engage for Success, the new movement led by ...
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Article
Good practice trend emerges in exec remuneration
Deborah Rees, director of consulting at Innecto Reward Consulting, said: “There is some very long and hard thinking going on about the things that make a business successful in the short and long term, and how these can be combined effectively into a plan that rewards executives but also gives ...
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Article
Employers spread seasonal cheer
Michael Rose, director at Rewards Consulting, said employers are more aware of the diversity in their workforces, which is reflected in the gifts they give.Staff at Asda received a ‘thank-you’ £20 gift voucher to spend at the store, contributions to their Christmas party and a free festive lunch. Jane Earnshaw, ...
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AnalysisNew look for long-service awards
IF YOU READ NOTHING ELSE, READ THIS…The cost to employers of providing long-service awards will increase as employees work longer.Recognition for one or two years’ service is increasing as the UK workforce becomes more transient.The value of long-service awards increases with employees’ length of service.Gold watches, carriage clocks and lunch ...
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Article
Interview with Jane Earnshaw, head of reward and recognition, Asda
Jane Earnshaw has had a varied career at Asda, during her 20-year tenure. She joined the grocery retailer in 1995 as a company secretarial assistant and has since risen through the ranks to become head of reward and recognition.Earnshaw made the transition into reward after being introduced to share schemes ...
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Case Studies
Asda staff wear service badges with pride
Employees receive a one-off cash payment of £15 or £20 at 15 and 20 years’ service, respectively, on which Asda pays the tax and national insurance.Alan Robertson, recognition team leader at Asda, says: “We are reviewing that because £15 and £20 payments are not particularly relevant in today’s economy. It ...
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VideoMondelez International's tasty rewards
Kraft Foods spent last year overhauling its reward package following its acquisition of Cadbury in 2010. The US food and beverage giant is now set to decide what, if any, changes it will make to the package after renaming the merged entity Mondelez International, with the new company unveiled in ...
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Analysis
Pros and cons of absolute return funds
IF YOU READ NOTHING ELSE, READ THIS…Absolute return funds (AFRs) have grown in popularity on the back of volatile equity market performance.ARFs are relatively expensive and, despite their name, can still lose money.Employers tend to use ARFs in conjunction with a more passive fund for their default investment option.Absolute return ...
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Article
EAP guidelines published
EXCLUSIVE: The UK Employee Assistance Professionals Association (UK EAPA) has published a set of guidelines that provide an up-to-date review of issues relating to the commissioning, delivery and evaluation of employee assistance programmes (EAPs).The guidelines, which include a foreword from Cary Cooper, professor of organisational psychology and health at Lancaster ...
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Article
Lorica adds Aviva’s auto-enrolment product to portal
Lorica Employee Benefits is to integrate Aviva’s online auto-enrolment modelling and compliance product into its auto-enrolment portal Simplicity.The product, Auto-enrolment Manager for Employers (AME), provides employers with a way to prepare for and manage their responsibilities around auto-enrolment. This includes keeping up to date with compliance duties such as employee ...
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Article
Adactus sends out Christmas cards to staff
EXCLUSIVE: Adactus Housing Group has sent out a Christmas card to all staff with their payslip to remind them of the offers available via its voluntary benefits scheme.The scheme, Adactus Perks in Employment, was introduced in November 2011. At launch, it was communicated to suit an online and offline workforce, ...
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Article
Busy Bees Benefits launches online discounts product
EXCLUSIVE: Busy Bees Benefits has launched an employee discounts scheme, which employers can offer to staff to help them make savings on lifestyle costs.The scheme, BusyBuyer, is an online portal that provides exclusive offers, discounts, cash back, and national and local deals at specific stores and online shops.The offers include: ...
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Article
Above-inflation UK pay rises predicted in 2013
Employees in the UK will experience a year of above-inflation pay rises in 2013, according to research by Mercer.Its Salary movement snapshot, which tracked the pay plans of 570 multi-national organisations operating in 76 countries in Europe, the Middle East and Africa, found that UK employers are anticipating base pay ...
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Article
Caerphilly Council launches eyecare scheme
EXCLUSIVE: Caerphilly County Borough Council has launched an eyecare scheme for its 4,500 employees using a series of roadshows to communicate with staff.During the roadshows, which were held at the end of October across various locations, employees were able to view a range of glasses and have their vision screened ...
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Article
Majority of employers aware of auto-enrolment
The majority (88%) of respondents to research by the Chartered Institute of Personnel and Development (CIPD) are aware of their requirements to auto-enrol staff into a pension scheme.Its Labour market outlook: Focus on pension auto-enrolment, which surveyed more than 1,000 employers, found that more than half (59%) of respondents have ...