All articles by Nicola Sullivan – Page 11
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Danny Alexander said outline agreements on public sector pensions have been reached with unions
Danny Alexander, chief secretary to the Treasury, has told the House of Commons that outline agreements on changes to public sector pension reforms had been reached with several public sector unions.Alexander said that the changes to pensions deliver the government's key objectives of amending public sector pensions to a career ...
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NHS unions consider the government's latest pensions deal
Several unions representing National Health Service (NHS) employees have said they would consider the final offer made by the government on public sector pension reforms.Unions, including the Royal College of Nursing (RCN), have outlined the latest deal to members and will discuss it with their governing bodies on 10 January ...
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Simplyhealth acquires Denplan
Healthcare organisation Simplyhealth has acquired provider of dental payment plans and dental employee benefits, Denplan.The acquisition will help Simplyhealth to gain market presence in a complementary area of healthcare, supporting its broader diversification strategy which has recently involved the acquisition of Groupama Healthcare.Des Benjamin, chief executive officer of Simplyhealth, said: ...
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Pensions Policy Institute research: Opting out of auto-enrolment could cut value of retirement fund by 20%
Opting out of automatic enrolment into a workplace pension for the first ten years of working life could cut 20% off the value of the retirement fund, according to research conducted by the Pensions Policy Institute.The report, The impact of opting-out of private pension saving at younger ages, commissioned by ...
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The Airways Pension Scheme hedges longevity risk
The Airways Pension Scheme is hedging longevity risks relating to more than £1 billion of pension liabilities.The transaction between the pension scheme and Rothesay Life is in respect of pensions payable to current pensioners with a total value of £1.3 billion, in addition to the £1.3 billion longevity hedge that ...
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Calls for diet police to inspect what private sector workers eat
Calls made by 2020Health for diet police to monitor what private sector employees eat at work to reduce absence could not have come at a worse time of year.The think tank wants to see the role of council health and safety inspectors to include advising private sector workers on diet ...
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CIPP research: Most employers will throw Christmas party for staff
Most employers will be throwing Christmas parties this month, with a fifth (80%) of bosses saying no to the work festive night out, according to research by the Chartered Institute of Payroll Professionals (CIPP).The annual survey found that more than half (56%) of respondents are getting paid early this month. ...
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NAPF research: Number of employers closing final salary schemes has jumped by a third
The number of employers that have closed their final salary pension to all of their staff has jumped by a third, according to research by the National Association of Pension Funds (NAPF).Its latest Annual Survey found that almost a quarter (23%) of pension schemes are now shut to both new ...
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Quantitative easing sends pension funds further into the red
The latest round of quantitative easing has sent pension funds further into the red, according to the National Association of Pension Funds (NAPF).Joanne Segars, chief executive of the NAPF, said that quantitative easing has damaged the yields offered by gilts. She added: “The Pensions Regulator must help pension funds deal ...
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Svitzer Marine introduces corporate wrap
International towing and salvage tugboat operator Svitzer Marine has introduced a workplace savings scheme for its employees.The corporate wrap, provided by Hargreaves Lansdown, includes a pension, corporate individual savings account (Isa) and share plan.As a result of the implementation of the wrap, pension scheme membership across the workforce has increased ...
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HMRC targets improvement of PAYE reporting
HM Revenue and Customs (HMRC) is offering help to employers to improve their pay-as-you-earn (PAYE) information.Targeted support will be rolled out to at least 1,000 employers identified by HMRC as having the most issues with data quality. These employers will receive tailored face-to-face visits designed to address data quality problems.One ...
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Network Rail plans to cut executive bonuses
Network Rail is proposing to cut executive bonuses by 40%.The new package, which would see the annual bonus reach a maximum potential of 60% instead of 100%, was discussed at a members' meeting and will be put to a vote at a full general meeting in early 2012.Network Rail has ...
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HR staff are most likely to snog a colleague at a work Christmas party
HR staff are most likely to snog a colleague at the work Christmas party according to research by TGI Fridays.The poll of 2,000 employees showed that 55% of HR employees have kissed a colleague at a work party, although this is somewhat reserved when compared to the drunken antics of ...
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Government plans to end national pay rates for civil servants, teachers and prison officers
National pay rates for teachers, civil servants and prison officers could be scrapped under plans announced by the government.Chancellor George Osborne has written to independent pay review bodies asking them to recommend how public sector salaries can be brought in line with the private sector.According to HM Treasury, public and ...
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NAPF research: Pension funds could be more engaged in companies they invest in
A third (31%) of pension funds think they could be more actively engaged in the companies they invest in, according to research by the National Association of Pension Funds (NAPF).More than half (55%) of respondents to the NAPF’s annual Engagement survey, said they have signed up to the stewardship code, ...
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Macmillan Cancer Support appoints pensions investments manager
Macmillan Cancer Support has appointed Ernst and Young to oversee the investment decisions made by its defined benefit (DB) pension scheme’s fiduciary manager.The appointment was made in conjunction with Pitmans Trustees. It will see the actions of the fiduciary manager, MN Services, monitored and challenged.Melanie Cusack, chair of the trustees ...
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CIPD research: Employers not taking proactive approach to 2012 pension reforms
While the majority (75%) of employers are fully aware of the forthcoming pension reforms, including auto-enrolment, less than one-third (32%) know the date at which the new rules will apply to them, according to research by the Chartered Institute of Personnel and Development (CIPD).The CIPD's Labour market outlook: focus on ...
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US military builds stone circle for pagan cadets
The United States military has taken measures of Stonehenge-type proportions to cater to its cadets who are practising pagans, witches and druids.The Colorado base of its air force training academy has built a stone circle to allow witches to cast spells and pagans to form circles of power. Situated at ...
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Eurotunnel introduces cash plan for staff
Eurotunnel has introduced a health cash plan for its 791 employees at its UK terminal.†The cash plan, provided by Health Shield, offers a number of benefits including: dental; dental accident; eyecare; alternative therapies; chiropody; health screening and a 24-hour helpline. The scheme, called Essentials, costs the organisation 75p per week ...
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TMC launches mileage audit tool for smaller fleets
Fleet provider TMC has launched a mileage audit tool for smaller fleets with between one and 100 drivers.Based on the fleet provider’s existing product for larger fleets, the service, called TMC2, allows employers to log and audit business journeys, deter drivers from over-claiming and automate the payment of mileage expenses.Employers ...