All articles by Marianne – Page 26
-
ArticleAxa closes £2.8 billion DB pension longevity swap
Axa UK Group Pension Scheme has closed a longevity swap for its defined benefit (DB) pension scheme with Reinsurance Group of America.The longevity swap transaction covers £2.8 billion of pension liabilities and provides long term protection against costs resulting from pensioners living longer than initially expected, hence enhancing security for ...
-
ArticleAsda appoints pension scheme actuary
Asda has appointed Aon Hewitt as actuarial adviser to the Trustees of the Asda Group pension scheme.The retailer, which is part of Walmart, has 13,500 members in its defined benefit (DB) pension scheme.Trustees of the scheme have chosen Aon Hewitt to be the actuary of the scheme.
-
AnalysisWhere should group risk sit in a health and wellbeing strategy?
If you read nothing else, read this…Group risk benefits are designed to support staff and employers when workers are absent due to an injury or critical illness.Employers could do more to highlight the importance of group risk benefits and promote these alongside other healthcare benefits.An ageing workforce increases the need ...
-
Case StudiesNHBC uses group risk benefits to prepare for the future
Employees receive group life insurance if they are part of the homeowners insurance firm’s group personal pension (GPP) scheme. The insurance policy consists of four times the employee’s annual salary to be passed onto dependants. Dependants of employees who are not a member of the pension scheme receive one year’s ...
-
ArticleSainsbury’s staff bring legal action over equal pay
Sainsbury’s faces legal action from four female shop-floor employees over claims that male employees are being paid more, despite doing comparable work.If successful, the members of staff may be entitled to six years’ back pay for the difference in earnings.Three of the employees are working in the Shrewsbury area and ...
-
Article66% do not receive workplace health support
Around two-thirds (66%) of employees do not receive health and wellbeing support from their employer, according to research from Simplyhealth and YouGov.The first Simplyhealth/You Gov everday health tracker survey, which had 1,998 respondents, also found that 22% of those who receive no support would like more health support from their ...
-
ArticleWorkplace benefits of the future
Something for the weekend…From paid surrogacy leave to non-medical egg freezing and unlimited holiday, there are some unusual employee benefits lined up for workplaces in the future.According to an American study by the Society of Human Resources Managers (SHRM), many US-based employers are likely to introduce quirkier benefits to attract ...
-
ArticleTop 10 most read stories this week
The top 10 most read stories on employeebenefits.co.uk between 2-9 July:1. Tax-free childcare delayed until 20172. ABInBev introduces financial education3. Stay up-to-date with the Budget4. Lifetime and annual allowances reduced5. British Sugar introduces holiday trading6. Government to consult on pensions tax relief7. Flexible working and holiday most important perks for ...
-
ArticleQantas staff to receive 5% bonus
Qantas Airways’ 28,000 employees will be receiving a £43 million bonus as a reward for agreeing to an 18-month pay freeze policy to cut costs.The bonus will be worth 5% of an employee’s base annual salary.It will cost approximately AUS$90 million on full implementation.This news follows Qantas reporting its best ...
-
ArticlePersonal allowance increases to £11,000
Summer Budget 2015: The tax-free personal allowance will increase to £11,000 a year, Chancellor George Osborne announced during his Summer Budget speech today (8 July).In 2016-17, employees who earn up to £11,000 a year will not pay income tax. The new tax-free personal allowance threshold represents an increase of £400. ...
-
ArticlePublic sector pay rises capped at 1%
Summer Budget 2015: Pay rises in the public sector are to be capped at 1% for a further four years, Chancellor George Osborne announced during the Summer Budget today (8 July).This cap will begin in 2016-2017. The measure is expected to save around £5 billion by 2019-20. Osborne (pictured) said: ...
-
ArticleStay up-to-date with the Budget
Chancellor George Osborne will unveil the Summer Budget at 12:30pm today (8 July). Make sure you stay tuned to the Employee Benefits website for the latest news and updates following the announcement.Employee Benefits will be covering all aspects of the Budget impacting employee benefits, such as pensions, healthcare, pay and ...
-
ArticleIkea to raise minimum hourly salaries to almost $12 in the US
Ikea will increase its minimum hourly wage for its US employees to $11.87, which is $4.62 above the US national minimum wage of $7.25 per hour.From 1 January 2016, the average minimum hourly wage paid to staff will rise from $10.76 to $11.87, a $1.11, representing a 10.3% increase.The initiative ...
-
AnalysisRead all about it: what health headlines should employers take note of?
If you read nothing else, read this…Staff’s health should be prioritised.Media coverage can tarnish the way health problems are perceived, or give employees and employers confidence to discuss issues.Keeping employees fit and healthy should be a key priority for employers because of the impact wellness has on productivity and retention. ...
-
ArticleTop tweets about the Employee Benefits Awards 2015
@Visualsoft: We had an amazing day in London on Friday at the #EBAwards (and walked away winners too!) – thank you @employeebenefit@Lucywillmeister: Reminded yesterday how fun bumper cars are #EBAwards @JoannaLongman: Congratulations to all the winners at the Employee Benefits Awards #EBAwards #Simplyhealth @Gramemejmooney: Great day so far at #EBAwards. ...
-
ArticleCope moves to Konica Minolta Business Solutions
Michael Cope has become compensation and benefits manager at Konica Minolta Business Solutions.Cope previously held the position of interim reward manager at Shop Direct, Morrisons, Ericsson and Severn Trent Water, as well as regional reward manager (Europe) at Cristal Global and reward manager at Carillion and St Ives.
-
ArticleSky promotes Ralph Tribe
Ralph Tribe has been promoted to director of people at Sky UK and Ireland.He is now responsible for all HR activity in the UK and Ireland across the organisation, and will lead a team of 200 HR employees.Tribe was previously director of organisation and people development at the broadcasting business, ...
-
Case StudiesBalreed boosts cancer awareness at work
The programme, provided by HealthScreen UK, offered male staff over the age of 40 a free prostate-specific antigen (PSA) test following a workshop. Invitations were extended to family and friends of female staff, as well as to men under 40.The organisation created its ‘Be A Hero’ campaign when its managing ...
-
-
ArticleFlexible working and holiday most important perks for staff
EXCLUSIVE: Around two-thirds (65%) of workers consider flexible-working options to be the most important staff benefit, according to research from marketing organisation Mintel.The study, which surveyed 1,000 full and part-time workers, asked respondents to consider which employee benefits are most important to them.Of those surveyed, 66% believe having over 20 ...