All articles by Nicola Sullivan – Page 32
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Article
Bankers' pay faces tougher regulation
Bankers’ pay faces a crackdown as a result of proposals drawn up by the Committee of European Banking Supervisors (CEBS).The measures include proposals to cap senior bankers’ pay and limit the size of bonuses. For the highest-earning individuals the cash elements of any payout will be capped at 20%. The ...
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Article
NAPF conference: CPI/RPI change causing confusion
Moves to base private sector pension scheme inflation on the consumer price index (CPI) instead of the retail price index (RPI) have been met with confusion from employers and trustees.The change, which is currently under consultation by the government, will be particularly challenging for schemes with RPI written into their ...
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Article
NAPF conference: Pensions Regulator needs a lighter touch
Employers have criticised the Pensions Regulator for being too heavy handed and lacking clarity in its guidance on the management of corporate pension schemes.During a panel debate, chaired by Jeff Prestidge from the Mail on Sunday, at the National Association of Pension Funds (NAPF) conference, Nigel Labram, chief executive officer ...
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Article
NAPF conference: Employers commended for pensions provision
Lloyds Banking Group, the British Medical Association and Lilly Sipp have been awarded the Pension Quality Mark Plus by the National Association of Pension Funds (NAPF).The awards were presented by pensions minister Steve Webb at the NAPF’s annual conference.The Pension Quality Mark Plus, launched by the NAPF last year, is ...
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Article
Pannone launches flexible benefits scheme
Law firm Pannone is launching a flexible benefits scheme for its 600-plus workforce as part of efforts to be an employer of choice.The practice, which has offices in Manchester, Cheshire and London, has appointed Portus Online to provide its scheme, which will be live by late autumn.Rachel Dobson, operations partner ...
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Article
Commonwealth Games organisers employ monkeys to protect athletes
Organisers of the 2010 Commonwealth Games in New-Delhi have hired a team of about 40 large grey langur monkeys to chase away smaller rhesus monkeys, which have been breaking into the Games' accommodation buildings and stealing from athletes’ rooms.In addition, 50 traditional snake charmers have been employed after an athlete ...
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Article
Trimble MRM launches driver safety software
Fleet firm Trimble MRM has launched its new driver safety software designed to help employers run fleets more effectively and efficiently.Drivers are given pointers on their safety performance via in-car audible beeps and red, amber and green lights. The system then relays real-time safety information to managers so they can ...
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Analysis
Fleet review can save costs
If you read nothing else, read this...A fleet review will typically cover four key areas: fleet policy, health and safety, acquisition method and company car supplier.If performed properly, a review can reduce the operating costs of an organisation's fleet by between 10% and 15%.Organisations may find they have to conduct ...
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Case Studies
Case study: Heinz puts lid on fleet costs
After conducting a fleet review last year, Heinz UK and Ireland will introduce fuel cards and a mileage tracking system for its 500 drivers to increase the accuracy of claims for fuel reimbursement.The food manufacturer's system, which is linked to its automated expenses processes, allows staff to fill in details ...
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Article
Buyer's guide to Group personal pensions
Group personal pension schemes have had a difficult couple of years, and employers and providers are now gearing up to meet the challenges of legislative changes, says Nicola SullivanThe group personal pension (GPP) market has been boosted by employers continuing to migrate from final salary pension schemes to defined contribution ...
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Article
BSkyB broadens investments for DC pension default fund
BSkyB has redesigned the default fund for its trust-based defined contribution (DC) pension after an extensive review of the scheme concluded the existing fund was based too heavily in equities.The broadcaster has replaced its default lifestyle fund, used by more than 90% of employees, with one that is based on ...
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Article
Aegon to close admin and software businesses
Aegon has announced it will be closing its third-party pensions administration and employee software businesses as part of efforts to reduce operating costs by 25%.Following a review of its UK businesses Aegon has decided to keep its life insurance and protection businesses because they support its aim to focus on ...
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Article
Employee Benefits Live 2010: Employers face tough decisions around high earners tax changes
Employers looking at ways to minimise the impact of recent tax changes for higher earners have some tough decisions to make, according to Lesley Fidler, tax director, Baker Tilly Tax and Accounting.Addressing delegates on the first day of Employee Benefits Live 2010, at the Business Design Centre in London, Fidler ...
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Article
Aecom builds unified perks
Engineering and design company Aecom has outsourced the management of its benefits programme in a bid to achieve greater efficiency and cater better for a growing workforce.The firm will gain 2,000 more employees when it acquires construction consultancy Davis Langdon this month. Aecom will consolidate the consultancy's benefits with the ...
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Analysis
Employers must meet the needs of the millennial generation
If you read nothing else, read this...Employers must invest in reward for the millennial generation to exploit their technology-driven talents.Employers must find out what young people expect of the labour market.Social networking forums can be an effective way of providing financial advice for young employees.Initially, employers might want to offer ...
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Case Studies
Case study: Pepsico caters for young tastes
Pepsico UK and Ireland has ensured its benefits package is tuned into the requirements of the next generation of workers.The firm has introduced total reward statements, revamped its flexible benefits package and is now planning to introduce new perks that are relevant to millennials. For example, it is considering introducing ...
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Article
News analysis: Pension pot of gold just gets bigger
Executive pension pots continue to spiral, but calls for greater disclosure could be distracted by tax changes for high earners, says Nicola SullivanThe immense value of executive directors' retirement savings has prompted calls for greater transparency around their pension arrangements. According to the Trades Union Congress' (TUC) annual PensionsWatch survey, ...
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Article
Alliance Medical gets ready for flexible benefits
Alliance Medical is to roll out total reward statements ahead of introducing its first flexible benefits scheme next year.The company, working in conjunction with Thomsons Online Benefits, will issue the total reward statements in January so that employees can make informed choices about the benefits they want through flex, which ...
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Article
Employees do not like working up a sweat at work
Employers offering cycle-to-work schemes in order to improve staff wellbeing might want to consider research from the British Heart Foundation that suggests one in three employees do not want to be seen hot an sweaty in front of their colleagues.After all, sharing the lift with the chief executive, while donning ...
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Article
Royal Mail employees to be given 10% of shares
Business secretary Vince Cable has announced that Royal Mail employees will be offered reduced or free shares as part of the government's plans to privatise the organisation.In his speech to the Liberal Democrat conference, Cable said the postal service would benefit from the largest employee share scheme resulting from any ...