News – Page 6
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ArticleSCA UK Pension Plan completes £1.1 billion pensions buy-in
The SCA UK Pension Plan, which is sponsored by global hygiene and health firm Essity Group, has completed a £1.1 billion pensions buy-in.Headquartered in Sweden, Essity employs 1,600 UK employees across six manufacturing sites and three commercial offices. Its portfolio includes Tena, Cushelle, Tork, Plenty, Velvet and Bodyform.The transaction, which ...
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ArticleSaudi Arabia enhances retirement age, pension contributions and maternity leave
The Saudi Arabian government has updated the retirement age for employees and increased pension contributions and maternity leave.Its amended Social Insurance Law, which is managed by the Saudi Arabian General Organisation for Social Insurance, now applies to both public and private sector employment to make it easier for employees to ...
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ArticleThe top 10 most read articles between 26 July - 1 August 2024
The top 10 most read articles between 26 July - 1 August 2024 on employeebenefits.co.uk were: National living wage to increase in line with median earningsCentral Co-op introduces new financial wellbeing benefitJunior doctors agree 22% pay dealCourt of Appeal upholds High Court ruling on Virgin Media pension schemeReeves confirms public ...
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ArticleVirgin Hotels Collection appoints chief people officer
Virgin Hotels Collection has appointed Johanna Kent chief people officer.Kent joins the executive team with more than 27 years of experience. Her appointment is part of Virgin Hotels Collection’s commitment to attracting top talent and fostering innovation within the hospitality industry.She has cultivated employee experiences and achieved goals in talent ...
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ArticleMoog completes £25 million pensions buy-in
Moog, a motion control solutions supplier, has completed a £25 million pensions buy-in for its retirement benefits plan.The buy-in transaction, which was completed in partnership with Just Group and Gallagher, secures the benefits of 28 deferred members and 139 current pensioner members.Gallagher worked with the trustees to monitor the affordability ...
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ArticleCourt of Appeal upholds High Court ruling on Virgin Media pension scheme
The Court of Appeal has upheld the High Court’s ruling that a written actuarial confirmation was required where an alteration to the Virgin Media scheme’s rules affected pension benefits for past or future service benefits.This was in relation to section 9(2B) contracted-out rights and was based on the relevant legislation ...
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ArticleReassured appoints new chief people officer
Life insurance broker Reassured has appointed Zoe Odusina as its new chief people officer as part of its corporate commitment to further growth plans.Odusina will report to Mark Townsend, chief executive officer (CEO), and will be a member of the senior leadership team. She will be responsible for the oversight ...
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ArticleThe top 10 most read articles between 19 - 25 July 2024
The top 10 most read articles between 19 - 25 July 2024 on employeebenefits.co.uk were: HMRC to clamp down on misapplied childcare schemeGovernment launches pensions review to boost investment and outcomesSoftcat and Hilton named some of UK’s Best Workplaces for WomenVodafone, Linklaters and HSBC named top employers for equalityNewcastle Building ...
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ArticlePrince and Princess of Wales search for Welsh speaking assistant private secretary
Credit: B. Lenoir / Shutterstock.com Something for the weekend: If you have ever fancied working for royalty and have a flair for languages, then this role might just be perfect for you. The Prince and Princess of Wales have announced that they are looking to hire a ...
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ArticleLenovo and Baker Hughes among UK's Best Places to Work for Disability Inclusion
Credit: Poetra.RH / Shutterstock.comTechnology firm Lenovo, energy technology business Baker Hughes and law firm Clifford Chance have been named as some of the UK’s Best Places to Work for Disability Inclusion 2024.Established by the Disability Equality Index, the list is a comprehensive benchmarking tool used by employers to measure disability ...
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ArticleDana Incorporated names senior vice president and chief human resources officer
Dana Incorporated, which designs and manufactures propulsion and energy-management systems, has appointed Lisa Amend senior vice president and chief human resources officer.Amend will have responsibility for the firm’s human resources strategy and processes, including talent lifecycle and acquisition talent management and development, diversity, equity, and inclusion, employee engagement, and workforce ...
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ArticleSoftcat and Hilton named some of UK’s Best Workplaces for Women
IT service management business Softcat, hotel chain Hilton and biopharmaceutical firm Bristol Myers Squibb have been named some of the UK’s Best Workplaces for Women 2024.The list is produced by global workplace culture firm Great Place To Work. It used its trust index employee survey and analysed the responses of ...
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ArticleExclusive: 81% of employers measure employees’ benefits appreciation
Four-fifths (81%) of employers said they measure employees’ appreciation of the benefits that they receive, according to new research conducted by Group Risk Development (Grid).The industry body for the group risk sector surveyed 500 HR decision-makers at UK businesses and among 1,210 employees for its latest report.It found that 66% ...
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ArticleBrown Shipley appoints Cara Walters as head of HR
Brown Shipley, a Quintet private bank, has appointed Cara Walters as head of HR, with immediate effect.Based in London, Walters serves as a member of the Brown Shipley Executive Committee and reports to chief executive officer Calum Brewster. She is also a member of Quintet’s Group HR leadership team, reporting ...
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ArticleVodafone, Linklaters and HSBC named top employers for equality
Telecommunications business Vodafone UK, law firm Linklaters and HSBC are among the employers that have made the top 10 of Stonewall’s 2024 Workplace Equality Ranking. The LGBT+ rights charity compiles the list from the highest-scoring Workplace Equality Index submissions, based on anonymous employee surveys. It assesses the ...
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ArticleThe top 10 most read articles between 12 - 18 July 2024
The top 10 most read articles between 12 - 18 July 2024 on employeebenefits.co.uk were: BT Group to roll out new family leave policyKing’s Speech introduces mandatory ethnicity and disability pay reportingEmma Reynolds named pensions ministerKing’s Speech introduces Employment Rights BillUtility Warehouse introduces personalised financial education for employeesGusto Group to ...
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ArticleDomino’s Pizza names executive vice president – chief human resources officer
Domino’s Pizza has appointed Maureen Pittenger executive vice president – chief human resources officer.Pittenger will report to Russell Weiner, chief executive officer of Domino’s. In her role, she will lead all aspects of the brand’s human resources strategies and functions.She joins the organisation with more than 20 years of experience ...
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ArticleKing's Speech introduces Employment Rights Bill
Credit: Muhammad Aamir Sumsum / Shutterstock.comThe new Labour government is to introduce an Employment Rights Bill within its first 100 days as part of its plan to make work pay.Announced in the King’s Speech on Wednesday 17 July, the plan will create a new partnership between business, trade unions and ...
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ArticlePersonal Group introduces volunteering leave
Workplace benefits and services provider Personal Group has launched a volunteering leave policy aimed at supporting community engagement.Every year, the group’s employees are now entitled to one day of paid volunteer leave, which can be taken in half-day increments or hourly blocks to offer flexibility to integrate volunteering into their ...
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ArticleXPO Logistics introduces electric vehicle and hybrid salary sacrifice scheme
Logistics solutions provider XPO Logistics has launched an electric vehicle (EV) and hybrid salary sacrifice arrangement for its UK employees.Through the scheme, which is provided by vehicle leasing firm Arval, employees will be able to access competitively priced cars, which saving on income tax and national insurance contributions. Additionally, the ...