News – Page 45
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BT enables staff to transfer sharesave options online
EXCLUSIVE: BT Group has used an online facility for the first time to allow staff to transfer maturing sharesave options to an individual savings account (Isa), the BT pension scheme, or to a spouse or partner.Transfers were previously done manually, but staff can now log into their online share account, ...
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A quarter of respondents do not understand their payslip
Just over a quarter (26%) of respondents do not understand everything on their payslip, according to research by the Chartered Institute of Payroll Professionals (CIPP).The research was conducted in the lead-up to National Payroll Week 2012, which takes place from 3 to 7 September.It also found that 14% of respondents ...
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You at Work chooses Gresham Computing as technology partner
Employee benefits provider You at Work has chosen Gresham Computing as its cash and transaction technology partner for its benefits programmes.Gresham Computing, a provider of transactions control technology to international financial institutions, and You at Work, have been working together for the past five years on various projects, including the ...
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Organisations now planning for real-time information reporting
Planning for real-time information (RTI) reporting of payroll data to HM Revenue and Customs (HMRC) has begun in 86% of organisations, according to a survey by KPMG.Its survey of 42 large businesses in the UK found an increase in the number of organisations preparing for RTI since March this year ...
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Ceredigion County Council replaces payroll system
Ceredigion County Council has appointed Logica to handle the replacement of its payroll system.The mid-west Wales council is replacing the system to ensure it is compliant with HM Revenue and Custom’s real time information (RTI) system for reporting pay, tax and national insurance, which becomes mandatory in April next year.The ...
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PMI Health Group launches Advocate service
PMI Health Group, a provider of employee health risk management, has launched an insurance claims administration and management service to help employers maximise their employee benefits investment.The service, which is run by nurses and administration experts, provides employers with regular reports on how different health and group risk policies are ...
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Mercer appointed to PPF panel
Mercer has been appointed to form part of the Pension Protection Fund (PPF) Specialist Administration Services Panel.The panel will take responsibility for administration services for all schemes entering the PPF. Eight companies have been selected to make up the panel.The Pension Protection Fund was set up to pay compensation to ...
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Mercer Marsh Benefits launches benefits website for SMEs
Employee benefits consultancy Mercer Marsh Benefits has launched a benefits website for small and medium-sized enterprises (SMEs).The website, Elect, offers access to a range of employee benefits, including: pensions, healthcare, income protection and group life cover.†Employees also have access to Mercer Marsh Benefits’ team of benefits advisers.Donna Briggs, principal in ...
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Staffcare and LCP enter into partnership agreement
Staffcare and LCP have entered into a partnership agreement to help employers prepare their flexible benefits schemes for auto-enrolment.LCP, part of the Alexander Forbes group, will offer Staffcare's benefits administration and communication software to its employer clients, with a particular emphasis on flexible benefits and auto-enrolment.The firm will also use ...
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Pension Insurance Corporation reinsures £300m of longevity risk
Pension Insurance Corporation has reinsured £300 million of its longevity risk through global reinsurer Munich Re.Following a £500 million reinsurance arrangement with other reinsurers in 2011, Pension Insurance Corporation, a defined benefit (DB) schemes risk management provider, has now reinsured 65% of its longevity exposure.The firm buys out DB schemes ...
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Ellipse and Thomsons launch integrated group risk platform
Ellipse and Thomsons Online Benefits have completed development of a data interface that allows automatic processing of group risk benefits.The interface enables group life, group critical illness and group income protection benefits to be integrated with the Thomsons Darwin technology platform.When using the interface, each time a user runs their ...
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Asperity Employee Benefits launches shopping discount app
EXCLUSIVE: Asperity Employee Benefits is to launch a shopping discount application for smartphones and tablet devices.Its Reward Gateway app is designed to allow employees to browse discounts, check offers, order SMS text vouchers, which can be sent straight to their mobile device, and top up reloadable cards on the go. ...
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CIPP sends first real-time information submission
The Chartered Institute of Payroll Professionals (CIPP) has sent its first real-time information (RTI) submission.Exchequer secretary David Gauke was on hand at the CIPP’s offices in Solihull to observe the payroll department send 145 employer details as part of its first RTI submission.RTI, a new way for employers to report ...
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Southampton Football Club moves payroll system online
Southampton Football Club has brought its payroll system online, after it identified its payroll department was spending 25% of its time manually inputting employee information.The system, provided by Auto Time Solutions, records staff hours, then imports the data so staff are paid accurately and any overtime payments are also administered.Karen ...
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HMRC launches video guide to help employers understand real-time information programme
HM Revenue and Customs (HMRC) has launched a video guide to help introduce employers to the real-time information (RTI) programme, which comes into effect from April 2013.The video looks at what RTI means for employers, the main changes that will be introduced, and a timetable for the programme.The programme will ...
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EXCLUSIVE: East Thames Group staff log in to online perks portal
About half of the staff at social landlord East Thames Group have registered with the new online benefits portal it launched in April.Available benefits include discounted gym membership, childcare vouchers, bikes for work, and health and wellbeing perks.East Thames Group also uses its Benefit Select portal to supply information to ...
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B. Braun Medical receives payroll accreditation
Healthcare supplier B. Braun Medical has been accredited with the Payroll Quality Partnership (PQP) from the Chartered Institute of Payroll Professionals (CIPP).The PQP recognises employers that apply best practice in the development of their payroll professionals. It was launched in 2007 to provide a standard for performance management in payroll.There ...
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National Grid to implement talent and compensation planning software
National Grid is to implement talent and compensation planning software from Towers Watson.The software is part of the utility firm’s commitment to build a single integrated technology platform for all of its HR processes.The first stage of implementation will include a roll-out of Towers Watson’s performance and workforce planning software. ...
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Education sector framework appoints payroll provider
A framework in the education sector has appointed Equiniti ICS to provide payroll services.The framework, provided by Crescent Purchasing Consortium (CPC), enables educational institutions, including universities, further education colleges, sixth forms and schools, to procure payroll services from Equiniti ICS’ in-house expertise.Alan Foley, director at Equiniti ICS, said: “We are ...
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DHL Supply Chain moves to shared services HR model
DHL Supply Chain is moving towards a share services model for HR that will make its administration of reward more efficient and cost effective.The organisation, which is a division of Deutsche Post DHL, will set up a centralised HR team next door to its head office in Milton Keynes towards ...