All articles by Nicola Sullivan – Page 49
-
Article
Cable and Wireless appoints Paul Bissell
Cable and Wireless has appointed Paul Bissell as head of reward. He had been working for the firm on a consultancy basis, helping it develop its strategies around shares and bonuses. Before that, Bissell worked for Nationwide Building Society for 33 years, 10 of those as head of reward. He ...
-
Article
Zurich launches tax handbook
Zurich has launched the latest edition of its annual tax handbook for financial advisers and their clients, in conjunction with Pearson Education.The updated guide provides a single source of reference for all aspects of tax planning. In addition, this year's guide highlights some of the potential tax consequences arising from ...
-
Article
Busy Bees Childcare Vouchers set for branding change
Busy Bees Childcare Vouchers will be rebranded as Computershare Voucher Services as it is integrated into the Computershare Group.The rebranding process, which begins this month, will drive developments within the business in areas such as technological growth, the administration of childcare vouchers and increased use of the internet to give ...
-
Article
Freshfields Bruckhaus Deringer adds salary sacrifice car arrangement to flexible benefits
Law firm Freshfields Bruckhaus Deringer has added a salary sacrifice arrangement around cars to its flexible benefits plan to enable more of its 1,800 staff to have access to a company car.Through the salary sacrifice car scheme, provided by Tusker, staff can save up to 40% on income tax and ...
-
Article
Britannia Building Society invites staff to walk for Alzheimer’s charity
Britannia Building Society has invited its 4,000 employees to take part in memory walks to raise money for the Alzheimer’s Society.This is the second time the firm has taken part in the fundraising event, supported by Simplyhealth, which will see around 120 walks take place across the UK in September.Last ...
-
Article
Xafinity Paymaster harnesses new technology for pensions administration
Xafinity Paymaster has signed an agreement with business and systems solutions company, Altus and virtual banking technology provider, CashFac to extend the benefits of straight-through processing (STP) for the defined contribution (DC) pensions market.The partnership is designed to link DC fund unit reconciliation and cash management, which will streamline processes ...
-
Article
Lloyds TSB could close final salary pension scheme
Lloyds TSB Banking Group could close its defined benefit (DB) pension scheme as part of a wider review of benefits triggered by its acquisition of HBOS.The review includes both Lloyds TSB and HBOS employees but the group has confirmed that proposals have not been finalised and consultations are not yet ...
-
Article
Medicare International launches new expat health insurance
Medicare International has launched a new private health insurance policy targeted at working and retired expatriates of all nationalities around the world.The new policy option allows clients to choose between four levels of cover, while also offering extra benefits in areas such as maternity care, pregnancy cover and childhood vaccinations.Designed ...
-
Article
Parity Training appoints Enrich as healthcare and risk adviser
Parity Training has appointed as its healthcare and risk advisor.The 36-month contract with Enrich will see 110 employees provided with private medical, dental and group life insurance, income protection, critical illness insurance and a death-in-service pension.Sabi Farooqi, HR manager at Parity Training said: “Working with Enrich has been a reassuring ...
-
Article
Pagan police officers get additional leave for summer solstice
News that Pagan police officers are given special dispensation to take eight Pagan holidays a year will no doubt get HR professionals wondering how they should allocate annual leave for staff that do not follow the Christian calendar.But tailoring holidays for followers of many different faiths might be easier said ...
-
Article
Pensions tax changes could cost execs more than £50,000
Changes to pension tax relief mean a typical director of a FTSE 100 company will, from 2011, pay more than £50,000 a year in additional tax until they retire.†The changes, ratified in the Finance Act which received Royal Assent this week, mean tax relief on pensions for employees with an ...
-
Article
The Finance Act 2009 receives Royal Assent
Tax relief on pensions for employees with an income of £150,000 or more will be tapered downwards, falling to 20% for those earning more than £180,000 as a result of the Finance Act 2009, which has received Royal Assent.The Act also contains anti-forestalling measures designed to prevent high earners from ...
-
Article
Only 65% of AIM 100 firms disclose executive remuneration details
Only 65% of Alternative Investment Market (AIM) 100 companies publish an executive remuneration report with a minority putting this to a shareholder vote, according to research conducted by Hewitt New Bridge Street.The 2009 Report on FTSE AIM 100 Directors’ Remuneration also showed just 21% of AIM companies disclose any cap ...
-
Article
Walker Review proposes to curb excessive pay in banking
The Walker Review of corporate governance in the banking sector has made a series of recommendations on remuneration which are designed to curb excessive pay policies in the financial services sector.The review, conducted by David Walker, looked at banks' board quality, pay policy, risk management procedures and the role of ...
-
Article
Gap between absence in the public and private sector widens
The gap between public and private sector absence has increased from 2.6 days per employee per year to 3.3 days, according to research by the Chartered Institute of Personnel and Development (CIPD).The CIPD's Absence Management Survey of more than 600 employers shows that while private sector absence has fallen from ...
-
Article
ITV comedy creates a stir with HR professionals
ITV's recessionary comedy Monday Monday has created a stir within the HR community.The programme, which screens at 9pm on Monday nights on ITV, is a colourful farce about the questionable behaviour of an alcoholic HR department head.The writers miraculously managed to weave a short discussion about defined benefit (DB) funding ...
-
Article
Lloyds Banking Group integrates share plan businesses
The Lloyds Banking Group will merge its two offshore employee equity share plan businesses based in Jersey following the merger of Lloyds TSB and HBOS.Following a review on how best to bring the two businesses together, the decision has been taken to transfer the Lloyds TSB Offshore Trust Company's Corporate ...
-
Article
Axa PPP Healthcare to reduce pay, bonuses and perks
Insurance provider Axa PPP Healthcare is to increase working hours for its senior managers at no extra pay, as well as asking them to choose to either take a pay cut or a reduction in their annual bonus.The firm is making the changes after a review led by its chief ...
-
Article
British Airway's pilots vote to accept pay cut
British Airways pilots have accepted a 2.6% pay cut as part of a package designed to save the company £26m a year.The British Airline Pilots' Association (Balpa) confirmed that 94% of pilots voted in favour of the cost reduction package which also included a reduction of 20% in some allowances.Jim ...
-
Article
Friends Provident rejects takeover offer from Resolution
Friends Provident Group has firmly rejected an all-share takeover offer from Resolution on the grounds that it is not in the best interests of its shareholders.In a letter to the Board of Resolution, the life insurance firm said the proposed terms of the all-share offer of 0.8 new Resolution shares ...