All articles by Marianne – Page 33
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ArticleTop tweets about the Employee Benefits Awards 2015 shortlist
The Pension Quality Mark @PQM: Congrats @PeelPorts and National Housebuilding Council PQM Plus schemes nominated in @EmployeeBenefit awards. Good luck! @NAPFnewsDeborah Rees @Deborah_Rees: Congratulations to team at Penguin Random House on being shortlisted for Employee Benefits award @PenguinUKBooks @neilmorrison @EB__AwardsDarren Childs @DarrenMChilds: @UKTV wins two nominations @EmployeeBenefit Awards bit.ly/1FgTNDI recognising ...
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ArticleLehman Brothers agrees £675 million pension buy-in
Financial services firm Lehman Brothers has agreed a £675 million buy-in transaction for its pension scheme with insurance firm Rothesay Life, following its application for bankruptcy in 2008.The buy-in has also secured full employee benefits for all members as a result of the settlement between the pension scheme trustees and ...
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ArticleTPR issues first escalated auto-enrolment fines
The Pensions Regulator (TPR) has issued its first four escalated auto-enrolment penalties, which range from £50 to £10,000 a day depending on the severity of the breach.The organisations received fixed penalty notices for failure to comply with a statutory notice or specific employer duties.The quarterly bulletin from TPR also found:198 ...
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ArticleLong-term incentives for executives should be scrapped
Long-term incentive plans (L-tips) should be scrapped for executives, and performance-related pay should be given in cash rather than shares, to prevent executives from benefiting from sudden increases in the share price caused by external factors, according to research by The High Pay Centre.Its No routine riches: reforms to performance-related ...
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Article
Income protection take up could treble if part funded by employers
Take up of group income protection could potentially treble when offered via flexible benefits schemes if the benefit was partially funded by employers, according to research by MetLife.Its UK employee benefit trends study, which surveyed 500 employees and 300 employers, also found that take up of life insurance could potentially ...
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ArticlePension freedoms prompt review of scheme design
Pension schemes have begun to evolve in terms of the member support they provide and and their at-retirement investment design, according to research by The Defined Contribution Investment Forum (DCIF).Its At-retirement solutions for the new pensions era report, based on in-depth interviews with providers behind nine large defined contribution (DC) ...
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ArticleMaternity provision dependent on employee grade
Just over half (59%) of new mums in junior positions only receive the legal minimum provision from their employer in the run up to and while taking maternity leave, according to research by Axa PPP Healthcare.However, its research, which surveyed 1,186 first-time UK mums, including 64 entry level, 294 management ...
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ArticleCompliance top issue driving DC pensions
More than half (56%) of respondents say compliance with legislation is their top issue driving their defined contribution (DC) pensions provision, according to research by Towers Watson.Its Fit for retirement report, which surveyed 101 organisations, also found that more than a third (38%) of employers cite their employees’ ability to ...
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ArticleFacebook sets pay and benefits standards for suppliers
Facebook is implementing a new set of standards on pay and benefits for its contractors and suppliers in the United States (US).The social networking site has stipulated that contractors and vendors that supply services and products to Facebook must pay their workers a minimum hourly rate of $15, as well ...
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Article76% of employers unaware of Fit for Work service
EXCLUSIVE: More than three-quarters (76%) of employers are unaware of the Department for Work and Pensions’ (DWP) Fit for Work service, according to research by YouGov and medical insurance provider Cigna.The DWP Fit For Work awareness research, which surveyed 689 employer respondents who are senior decision makers in UK businesses, ...
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ArticleJust 7% are financially prepared for retirement
Less than one in 10 (7%) UK adults are financially on track for their retirement, according to research from Aegon.Its third UK readiness report, which surveyed 4,000 UK adults, also found that nearly two-thirds (62%) of respondents do not feel confident about being able to retire when they want to.The ...
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ArticleOver 1,500 staff rehabilitated back to work in 2014
Some 1,529 employees were helped to return to work with some form of support from an insurer in 2014 before they were away from work long enough to make a claim on group risk policies, according to research by Group Risk Development (Grid).It also found that £1.26 billion worth of ...
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ArticleDanwood promotes Roberts
Printing services business Danwood has promoted Jennifer Roberts to compensation and benefits manager and HR business partner, from compensation and benefits manager.The new addition to Roberts’ title means she is now also responsible for Danwood’s overall HR strategy to support the aims of the entire organisation.Roberts previously worked as an ...
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ArticleDonaldson moves up at E.On
Ant Donaldson has moved to the role of global product expert, benefits, from reward and benefits manager at energy organisation E.On.He is now responsible for employee benefits across E.On globally.Previously, Donaldson was senior specialist, employee benefits, and operations manager, home energy services and home installation, at E.On. He has worked ...
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Case StudiesTelent engages staff with pensions via default investment strategy
Since it was introduced in April 2013, its contract-based defined contribution (DC) scheme has achieved 95% take-up. Telent closed its defined benefit (DB) pension to new members in 2007 and to future accrual in 2012.Telent closed its defined benefit (DB) pension to new members in 2007 and to future accrual ...
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AnalysisWhat to consider when setting up a default investment strategy
If you read nothing else, read this…A default investment strategy should be created to help employees who do not want to make active choices about their pension investment.A strategy should take into account an organisation’s demographics, such as age, likely retirement age and contribution levels.The pension freedoms, which came into ...
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ArticleBuyers' guide to private medical insurance
The facts:What is private medical insurance (PMI)?PMI is a health insurance that covers employees for the treatment of curable, short-term medical conditions or accidents. Cover can include consultations, diagnostic tests and in-patient and outpatient procedures.What are its origins?The roots of PMI can be traced back to the late 19th century, ...
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AnalysisThe role of rehabilitation benefits in a group risk strategy
If you read nothing else, read this…Employees need to be made aware of the rehabilitation benefits that can assist their recovery and return to work.Employers should treat each case on an individual basis.Occupational health services, counselling and cancer support can help an employee return to work.A survey, published by Bupa ...
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ArticleUK's least healthy employees based in the North East
The North East of England has the UK’s least healthy workforce, with 31% at risk of developing health problems, according to research by VitalityHealth.Its Britain’s healthiest company report, which surveyed 23,376 employees across 82 UK organisations, also found that London had the healthiest employees, with less than a quarter (24%) ...
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ArticleTowers Watson acquires Saville Consulting
Towers Watson has acquired international psychometric assessment business Saville Consulting for £42 million.It made the acquisition to help strengthen its position in the HR software provider market.Saville Consulting will operate its business as usual for the foreseeable future to preserve continuity of client teams and services..Julie Gebauer, global leader for ...