All articles by Marianne – Page 24
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ArticleEmployers paid £7bn towards DB pension deficits in 2014
Respondents paid £7 billion towards their defined benefit (DB) pension deficits in 2014, according to research by Barnett Waddingham.The research, which is based on publically disclosed pension accounts from 218 FTSE 350 organisations, also revealed that aggregate pension deficits have reached their highest level in five years, and employee pension ...
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ArticleBT Pension Scheme invests £1 billion in private equity
BT Pension Scheme, one of the UK’s largest occupational pension schemes, has given a £1 billion mandate to private equity specialist Hermes. The £1 billion allocation from the defined benefit (DB) pension scheme will be invested over three years.It will be split evenly between funds and co-investments, and invested on ...
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ArticleAmey extends wellbeing strategy
EXCLUSIVE: Public and regulated services provider Amey has introduced new wellbeing initiatives to improve the health and wellbeing of its 21,000 members of staff.The new initiatives, provided by The Tonic and implemented from July, include health and wellbeing days, as well as health assessments, mindfulness training, and injury clinics. The ...
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ArticleTowers Watson launches employee benefits insurance agency in Japan
Global professional services firm Towers Watson has established an employee benefits insurance agency in Japan, known as Towers Watson Insurance Advisors Japan.The new agency forms part of an organisation-wide initiative to provide integrated global benefit services for multinational clients, and to meet the needs of major local organisations. Towers Watson ...
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ArticleRobert Downey Junior is Hollywood’s highest-paid actor
Something for the weekend…Robert Downey Junior has been named Hollywood’s highest-paid actor by Forbes magazine, with average earnings of £51.2 ($80) million between June 2014 and June 2015.Also topping the list are Jackie Chan, Vin Diesel, Bradley Cooper and Adam Sandler.The top 15 highest-paid actors are:1. Robert Downey Junior (pictured): ...
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ArticleUS employers must reveal CEO and median staff pay gap
The US Securities and Exchange Commission (SEC) has adopted a final rule that will require public employers in the US to disclose the difference in pay between the chief executive officer and the median compensation received by other employees.Organisations can choose what methodology they use to identify their median employee ...
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ArticleLinkedIn redesigns Sydney office to motivate staff
Social networking website LinkedIn has revealed a newly redesigned office at one of its locations in Sydney, Australia, to motivate staff.Changes include a games arcade, cinema, indoor barbeque and smoothie station.The design incorporates an Australian theme, with the walls decorated with kangaroos, and boardrooms given names such as ‘Strewth’ and ...
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Article32% of London workers are motivated by non-monetary benefits
Around a third (32%) of workers in London are most motivated by non-monetary benefits, selecting them as a key differential when looking for work, according to research by NGA Human Resources.The study, which surveyed 1,500 people working full-time in UK-based organisations, also found that around three-quarters (76%) of Londoners say ...
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ArticleTribunal rules on valuation of restricted shares
The First-Tier Tribunal has ruled that restrictions should be taken into account when shares issued to employees are valued for tax purposes.In the case of Sjumarken v HM Revenue and Customs [HMRC], Lars Sjumarken was employed by BNP Paribas as an investment banker, in charge of BNP’s EU investment banking ...
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ArticleVolkswagen launches pension sessions for staff
EXCLUSIVE: Volkswagen has introduced educational classes about the pension freedoms for its 960 UK staff.The classes were designed following the pension flexibilities, which were first announced in the 2014 Budget. The first session was launched at the end of June 2015, with more seminars planned for September and November.The organisation ...
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ArticleNetflix introduces unlimited maternity and paternity leave
Netflix has implemented unlimited maternity and paternity leave for its 2,019 members of staff during the first year after a child’s birth or adoption. The on-demand media streaming service has introduced the initiative in an attempt to combine the needs and aspirations of its employees and the business.Parents can return ...
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ArticlePeel Ports introduces car salary sacrifice scheme
Peel Ports Group has introduced a car salary sacrifice scheme for its 1,100 members of staff.The scheme, provided by Tusker, launched in May 2015. It will build on the group’s flexible benefits scheme, which was introduced in 2014. Howard Sloane, group human resources (HR) director at Peel Ports Group, said: ...
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ArticleAdobe enhances family leave package
Adobe will be introducing extended maternity and paternity leave for its 6,500 US employees from November 2015.New mothers at the California-based firm will receive 26 weeks of paid leave, through a combination of parental and medical leave.Under Adobe’s extended family leave package, primary caregivers and new parents will get 16 ...
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ArticleUnum acquires National Dental Plan
Financial protection firm Unum has announced the acquisition of National Dental Plan (NDP) from Capita plc in a deal worth £31.7 million.The acquisition of the dental insurance provider, which remains subject to regulatory approval, will widen Unum’s portfolio of employee benefits.The deal will help both Unum and NDP to expand ...
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Article59% believe they do not require pensions advice
Over half (59%) of respondents believe they do not require pensions and retirement advice when planning to make a withdrawal from their pension pots, according to research by Money.co.uk.The study, which surveyed 669 over 55-year-olds with a pension, also revealed that just one in five (20%) of respondents that are ...
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ArticleBT staff to receive £265m through share schemes
Some 23,000 BT employees are to receive £265 million between them through the organisation’s share scheme payout.Two of the communication firm’s sharesave plans have matured, a five-year plan that opened in 2010 and a three-year plan that commenced in 2012.Almost 13,000 employees joined each of the schemes and around 2,500 ...
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ArticleEmployer-paid PMI policies decline by 14,000
There were 3.94 million private medical insurance (PMI) policies at the start of 2015, compared to 3.97 million a year earlier, according to a study by market intelligence firm LaingBuisson.Its Health cover UK market report also found that employer-paid PMI policies fell by around 14,000 over 2014.The research also found:The ...
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Analysis
25: The pros and cons of unlimited holiday
If you read nothing else, read this…Offering unlimited holiday can signal to staff that their work is valued.Employees and employers need to have open communication about holiday.Employers must work out whether unlimited holiday suits their organisation and employees.Unlimited holiday simply means salaried employees can take as much time off as ...
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Article5: Briefing: Top 15 most visited stories online in July
1. Tax-free childcare delayed until 2017 bit.ly/1INdQc02. Court rules on voluntary overtime in holiday pay bit.ly/1Mamcjs3. DHL Express launches online benefits portal bit.ly/1MSfdgo4. Centrica adds new benefits to flex for 30,000 staff bit.ly/1Dvt7SX5. How the Budget affects employee benefits bit.ly/1eMdScs6. Barclays C&ES closes to new business bit.ly/1MVUN5m7. EAT introduces 18-month ...
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ArticlePepsiCo and Starbucks boost productivity via wellbeing
EXCLUSIVE: Almost all (95%) of staff at Chiswick Park, which includes organisations such as Discovery, PepsiCo, Pernod Richard and Starbucks, feel that their productivity has been boosted by taking part in summer wellbeing events.The events, which are part of the business park’s Enjoy Work programme, are aimed at the 8,000 ...