All articles by Nicola Sullivan – Page 19
-
Article
United Health plans three-tier approach to pension reforms
United Health Group is developing a cost-effective, competitive strategy to deal with the 2012 pension reforms, which will introduce auto-enrolment, and compulsory employee and employer contributions.Although the health benefits and services firm intends to make pension contributions above the statutory minimum for its UK employees, it is looking at three ...
-
Article
University of Lincoln introduces financial education sessions for staff
The University of Lincoln is to offer financial education sessions for staff to help them understand and plan for the government's changes to public sector pensions.The university plans to host the sessions, which will teach staff how to manage their finances and retirement savings by making the most of existing ...
-
Article
Leeds Community Healthcare NHS Trust launches green salary sacrifice car scheme
Leeds Community Healthcare NHS Trust has launched an environmentally friendly salary sacrifice car scheme for its 2,900 employees.The scheme, which is provided by Tusker and procured by CPC, enables staff to make monthly car payments out of their gross salary. CO2 emissions have been capped at 150g/km for cars selected ...
-
Article
Consultation on Modern Workplaces: Business groups react to proposals on flexible working and parental leave
Business groups react to the government's plans to introduce a new system of flexible parental leave and extend the right to request flexible working.The government’s Consultation on Modern Workplaces, which closed yesterday, proposes that all workers should be given the right to request flexible working, rather than just those who ...
-
Article
Babel Media increases pension scheme take-up
Games and interactive entertainment firm Babel Media has increased pension scheme take-up and reduced annual management charges after introducing a new group personal pension (GPP) scheme for staff.Working in conjunction with Creative Benefits the firm introduced the scheme after closing two pre-existing GPP plans to future accrual. In doing so, ...
-
Analysis
Employer profile: L'Oreal UK
Case study: Parent-friendly, winning culture at L’OrealJamie Lane, commercial director for L’Oreal UK’s brand L’Oreal Paris, has worked for the firm for nine years. He manages the sales team for the UK and looks after accounts with retailers such as Tesco, Asda and Boots.As a new father, Lane particularly appreciates ...
-
Article
Pension contribution increases for civil servants, NHS workers and teachers
The government has proposed how much extra pension contributions will be paid by civil servants, NHS workers and teachers as part of its reforms to public sector pensions.The Cabinet Office, Department for Education and the NHS have published consultations on pension contribution increases for civil servants, teachers and NHS staff ...
-
Article
Hoover renews pension administration contract
The trustee of the Hoover pension scheme has entered into a further five-year deal with JLT Benefit Solutions which will provide pension administration services.The defined benefit scheme and has more than 13,000 members. Barry Hawkins, group pensions manager at Hoover, said: “The trustee’s experience had been encouraging and the trustee ...
-
Article
Creative Benefits research: Auto-enrolment could see employers throw away £2.1 billion a year
British employers could be wasting as much as £2.1 billion a year from 2012 when auto-enrolment is introduced, according to research conducted by Creative Benefits.The employee benefits consultancy has estimated that 20% of private sector employees, more than four million people, will not benefit from pensions savings or should opt ...
-
Article
Trinity Mirror throws in the towels
At a time when many parts of the media industry are experiencing intense scrutiny, journalists could be forgiven for throwing in the towel.Journalists at Trinity Mirror, however, will have no towels left to throw after the organisation announced it is cutting back on gym perks in its Canary Wharf offices ...
-
Article
Government to consult on public sector pension reforms
The government will start formal consultations on increasing public service pension contributions in 2012-13 by the end of this month.Chief secretary to the Treasury Danny Alexander plans for talks on reform to continue into the autumn. The government and the Trades Union Congress have agreed that to further inform the ...
-
Article
Finance Act 2011 enshrines changes to allowances in law
The Finance Act 2011 includes a radical shake-up of the system of allowances, which limit the amount of tax-efficient savings in a registered pension scheme.The act, which received royal assent this week, reduced the annual allowance from £255,000 to £50,000 with effect from 6 April this year.Employees are protected against ...
-
Article
Nest Corporation research: Financial crisis changed saving behaviours of DC pension scheme members
The financial crisis significantly changed the saving behaviour of defined contribution (DC) pension scheme investors, according to research commissioned by the National Employment Savings Trust (Nest).The Reactions to volatility and loss research, conducted by DCisions, consisted of analysis of two groups of savers: a target or proxy group whose personal ...
-
Article
Former bin man clears up rubbish for fun
A former bin man spends his free time travelling hundreds of miles to empty bins at waste tips for free, demonstrating that employee engagement can reach extreme levels.Steve Jones, who secured his first job as a dustman in 1987, has taken ‘rubbish’ holidays in places as far flung as Malta ...
-
Article
LCP research: FTSE 100 offer cash payments instead of pension contributions
FTSE 100 companies are adapting to the removal of pensions tax relief for high earners by offering cash payments instead of pension contributions, according to research conducted by Lane Clark and Peacock (LCP).The LCP FTSE 100 Executive Pensions Survey showed that there had been a £42,000 fall in the average ...
-
Article
Government releases figures on public sector pension scheme liabilities
The government has published figures that show public sector pension liabilities are predicted to increase from £770 billion to £1,133 billion in two years.The Treasury’s Whole of Government Accounts also stated that the net public service pensions liability depends critically on the discount rate used to convert the future flow ...
-
Article
The Bank of England pays 82 staff more than £100,000
The Bank of England pays 82 employees more than £100,000 and provides many of them with pension contributions worth as much as a third of their salaries. The organisation's 2011 annual report showed that executive directors accrue pension in the bank's final salary pension scheme or in the career average ...
-
Article
Mercer research: Less than half of employees think they are paid fairly
Less than half of employees (41%) feel they are paid fairly for the job they do while 54% think they are treated fairly at work, according to research conducted by Mercer.†The What’s Working survey also found that 42% of employees believe they are recognised for doing a good job, and ...
-
Article
HMRC research: Employees are donating more money to charity
Figures from HM Revenue and Customs (HMRC) show that employees taking part in workplace giving schemes are giving more.During 2010 employees were giving £8 million more than they did the previous year and the average monthly gift also therefore grew from £12.20 in 2009 to £13.19 in 2010/11.†However, there has ...
-
Article
Korean workers forced to take annual holidays
Most of us count down the days until we can take a holiday and enter into a sun-drenched zone where work morphs into abstract vagary.Some workers even use a picture of the beach they are planning to visit as their screensaver to remind them that one of the best things ...