News – Page 42
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Share your views on flexible benefits
We are conducting our annual research designed to help benefits professionals benchmark their organisation’s flexible benefits plan.The Employee Benefits/Towers Watson Flexible benefits research 2013 revealed that 92% of employers that did not offer flex viewed the cost of implementation as a barrier to doing so.And 55% of respondents believed that ...
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Newcastle Theatre Royal selects payroll system for auto-enrolment
Newcastle Theatre Royal Trust has selected a payroll system to help it comply with pensions auto-enrolment legislation.The theatre will use Carval Computing’s HR Unity system for in-house payroll processing and HR functionality to help auto-enrol its 150 employees.It will also manage the organisation’s staffing situation, which includes staff on regular, ...
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Friends Life updates auto-enrolment product
Friends Life has updated its pensions auto-enrolment product to meet the needs of organisations that are staging in 2014.The updated product aims to offer employers greater flexibility, choice and service options. Depending on their needs, employers will now be able to select from auto-enrolment services ranging from a basic qualifying ...
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Network Rail appoints pension administrator
Network Rail has appointed Capita Employee Benefits to provide pension administration services for two of its three pension schemes.Capita will be responsible for administering the train operater’s trust-based defined contribution pension scheme, which has around 15,000 members, and its career average re-valued earnings (Care) pension, which has around 3,500 members. ...
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Payroll should be responsible for pensions auto-enrolment
More than a third (39%) of respondents believe payroll departments should be primarily responsible for pensions auto-enrolment, according to research by Iris Software Group.Its research, which surveyed 100 small and medium-sized enterprises (SMEs), found that 13% of respondents felt the legislative changes should be the responsibility of payroll and HR, ...
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Reeves and Co uses flex to manage acquisition
Reeves and Co is using its flexible benefits scheme to manage the transfer of employees after a merger with accountancy firm CLB Gatwick on 2 December.CLB Gatwick staff are to join the accountancy firm under a Transfer of Undertakings (Protection of Employment) (Tupe) arrangement.The new employees will be able to ...
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Cost and administration main auto-enrolment concerns
The ease and cost of auto-enrolment administration and the cost of minimum contributions are the top business priorities around auto-enrolment, according to research by the Confederation of British Industry (CBI) and Standard Life.A view from the top survey, which questioned 226 chief executives and board members in organisations, found that ...
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HMRC extends RTI deadline for micro employers
HM Revenue and Customs (HMRC) has extended the time micro employers are allowed to report pay-as-you-earn (PAYE) in real-time.Organisations with nine or fewer employees will be allowed to report PAYE information on or before the last payday of the month, rather than every payday until April 2016, to help them ...
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Employer NICs for under-21s to be abolished
Autumn Statement 2013: The government is to abolish employer national insurance contributions (NICs) for under-21s earning under £813 a week.From 6 April 2015, employers will no longer be required to pay the contributions.Chancellor George Osborne announced in the Autumn Statement that the reform will make it cheaper for organisations to ...
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Third of small employers worried about auto-enrolment
Two out of five (39%) of small employers are worried about the ‘damaging’ impacts of auto-enrolment, according to research by payroll software provider Sage UKI.The research, which surveyed 500 small employers, found that 40% of respondents are worried about the administrative costs of setting up and managing auto-enrolment, while 51% ...
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HMRC launches draft regulations on real-time information reporting
HM Revenue and Customs (HMRC) has launched draft regulations relating to real-time information (RTI) reporting.The regulations are a result of ongoing engagement with employers about the design of RTI reporting, which took effect from April 2013.This has led to a number of changes being made to the rules covering pay-as-you-earn ...
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GFK Group to launch global HR tool
Market research organisation, GFK Group, is to launch a global online HR, compensation and performance management tool.The product, TalentReward, which is provided by Towers Watson, includes a range of HR services designed to help employers with their performance management process, pay and career planning.GFK Group will launch the product in ...
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Ensign launches pensions communications product
Ensign Pensions Administration has launched a product to help pension scheme members communicate with their scheme administrators. The product, Intouch, provides video communications services, which enable employees to receive live face-to-face support from the administration team that looks after their pension.The calls are designed to help employees share and review ...
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Use of self-service HR and payroll on the rise
A quarter of respondents intend to introduce self-service HR and payroll in the next two years, according to research by MidlandHR.Its research, Self-service e-evolution: HR and payroll, which surveyed 200 HR and payroll managers from UK organisations with more than 500 employees, found that almost two-thirds (61%) of respondents that ...
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Southco Manufacturing launches portal
Southco Manufacturing has launched an online benefits portal, which comprises the employer’s voluntary benefits package and a new environmental benefit.The online portal, My Southco Benefits, which is provided by BHSF, includes access to the engineering firm’s employee assistance programme, virtual doctor service, discounts scheme and the new environmental benefit, Green ...
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BT Group expands global pay review process
BT Group has expanded the reach of its global pay review process to include 38,000 employees across 60 countries using software from Talentia. The telecommunications organisation had previously only used the software provider’s web-based package to support and manage the process for management.Stakeholders and managers can now oversee the process ...
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Greenery UK hires DB pension administrator
Food distributor, Greenery UK, has appointed Capita Employee Benefits to provide actuarial and administration services for its defined benefit (DB) pension scheme.The services, which are part of a three-year contract, went live on 1 October.John Priest, trustee of the pension scheme, said: “We saw [Capita] as a trusted partner and ...
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Aon Hewitt launches auto-enrolment product
Aon Hewitt has launched its auto-enrolment product, A to Z.It selected insurer Zurich as the pensions provider for A to Z.The product, which has been developed for organisations that are implementing auto-enrolment in 2014, has a flat annual management charge of 0.5% for all members if they use Zurich’s default ...
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Workforce Metrics launches HR compliance product
Workforce Metrics has launched a web-based HR product, which is designed to help HR departments better comply with government legislation.The product, ER Tracker, aims to increase visibility and compliance, while also improving diversity, fairness and privacy in the workplace.Andy Shettle, managing director of Workforce Metrics, said: “Surviving in today’s uncertain ...
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Lorica adds master trust to auto-enrolment product
EXCLUSIVE: Lorica Employee Benefits has partnered Now: Pensions to add a master trust to its integrated auto-enrolment and pensions product, Littleblue.Littleblue, which also includes a group personal pension (GPP) plan, is designed to suit employers with between five and 250 employees, but can be used by both larger and smaller ...