All articles by Nicola Sullivan – Page 50
-
Article
Cheaters spend more on affairs than on pensions
Employers wanting to ensure their benefits appeal to the unfaithful and adulterous members of their workforce would perhaps be better off providing them with a divorce savings plan over a pension scheme.If research released by IllicitEncounters.co.uk is anything to go by it seems as if those who cheat invest more ...
-
Article
FSA granted new powers to vet executive pay deals
The government is set to grant new powers to the Financial Services Authority (FSA) so it can closely scrutinise executive remuneration in the banking sector.In his unveiling of the Financial White Paper, Chancellor Alistair Darling outlined a new system to regulate city pay and bonuses.This will mean the FSA will ...
-
Article
IBM closes final salary pension scheme to future accrual
IBM has announced plans to close its defined benefit pension scheme for existing members as part of efforts to make long-term retirement costs more predictable.IBM, which has 5,000 members in its final salary scheme, has said its decision to close the scheme to future accrual will also help it maintain ...
-
Article
VAT not recoverable on vouchers offered via flex or salary sacrifice
In a case between AstraZeneca and HM Revenue & Customs (HMRC) the Tax Tribunal has ruled that VAT is not recoverable on vouchers employers provide to staff under a salary sacrifice or flexible benefits arrangement.AstraZeneca argued it was entitled to claim back VAT which it had incurred on the purchase ...
-
Article
Employer profile: VT Group
The VT Group has moved from shipbuilding to a wide range of industry support services and is in the middle of a major restructure, says Nicola SullivanThe VT Group is on the crest of change. Once synonymous with British shipbuilding, the firm will start to sink that part of its ...
-
Analysis
Engaging male staff in wellbeing perks
Men can be reluctant to take health issues seriously, and employers may need to make a special effort to get them interested in wellbeing benefits and initiatives, says Nicola SullivanIf you read nothing else, read this…- Men are almost three times as likely as women to die while they are ...
-
Analysis
Cutting fleet costs while matching employee needs
Employers are looking at various ways to cut car costs during the recession, including mixing fleet funding methods to better match arrangements to individual employees' need, says Nicola SullivanIf you read nothing else, read this...- Employers that adopt a mixed-fleet approach, rather than a one-size-fits-all method, may be able to ...
-
Article
Buyer's guide to childcare vouchers (July 2009)
A change in legislation is causing confusion over the provision of childcare vouchers, says Nicola SullivanThe very nature of childcare vouchers means they are often seen as a popular benefit to have around, particularly during a recession. As employers look to introduce low-cost perks to get better value for their ...
-
Article
BA pilots set to take pay cut for shares
British Airways (BA) pilots are set to vote in favour of a deal that will see them take a pay cut in exchange for company shares in order to cut payroll costs at the airline.Pilots will each take a wage cut of 2.61% on their basic pay in October this ...
-
Article
Lindsay Tomlinson appointed as NAPF chairman
Lindsay Tomlinson has been elected as the new chairman of the National Association of Pension Funds (NAPF).Tomlinson will take over from Chris Hitchen, whose two-year term of office ends at the NAPF Annual General Meeting on 16 October 2009. He is vice-chairman of Barclays Global Investors Europe and was awarded ...
-
Article
Bupa launches a cycle to work scheme
Bupa has launched a cycle to work scheme for 6,000 employees as part of efforts to reduce carbon emissions and improve staff fitness.The scheme, which went live last month, allowed participating employees working across the membership, central and international areas of the business, to buy bikes via a salary sacrifice ...
-
Article
British Airways asks staff to work for free
Employees at British Airways (BA) have been asked to support the airline's cash saving efforts by volunteering to work for free, take unpaid leave or work flexibly.†The airline's 40,000 staff have been asked to volunteer to take up one of these option in an article that appeared in its internal ...
-
Article
BBC stars warned to expect pay cuts
There is nothing like a global recession and spirited dose of industrial action to bring flush broadcasting stars a little closer to the more self-effacing world inhabited by the rest of the working population.Some of the BBC's biggest stars, including Sir Terry Wogan and Bruce Forsyth were summoned to a ...
-
Article
Britannia Building Society's pension trustees file High Court Claim against advisors
Law firm Eversheds, financial adviser Sedgwick Noble Lowndes and consultancy firm Mercer are facing potential legal action from the pension trustees of the Britannia Building Society, reports The Lawyer.Read full story here: Pensions time bomb threatens A&O, EvershedsSummary of The Lawyer report:Employee Benefit’s sister title The Lawyer has reported that ...
-
Article
House of Lords rules that holiday pay can be accrued by staff off sick
The House of Lords has ruled that employees can accrue holiday pay while on sick leave in the final judgement of the Stringer v HMRC case. The decision means that workers on long-term sick who are denied holiday pay can pursue a claim to an employment tribunal for unauthorised deduction ...
-
Article
Police Federation members provided with second-opinion service
Police constables, sergeants and inspectors belonging to The Police Federation will be provided with access to a second medical-opinion service.The service, provided by Best Doctors, has been added to employees' existing insurance package offered by George Burrows, to give the staff association's members and their families access to the opinions ...
-
Article
One Housing Group introduces integrated HR and payroll system
One Housing Group will implement an integrated HR and payroll system as part of efforts to grow its business, attract and retain talent and improve administration.As part of a seven-year deal with NorthgateArinso, the housing provider will manage its recruitment processes online. Both employees and managers will have access to ...
-
Article
Local government executive reward worth half of that in the private sector
The reward packages of chief executives working in local government are worth around half (51%) of those enjoyed by their private sector counterparts according to research conducted by PricewaterhouseCoopers.The research found that even if bonuses in the private sector were slashed as a result of the downturn the local government ...
-
Article
The Brookshire Grocery Company rewards staff that buy its food
The Brookshire Grocery Company has gone to extraordinary lengths to promote its brand among employees who will be rewarded with generous cash prizes if they can prove they are avid buyers of the firm's products.During the next three months the Texas-based firm will continue with its initiative, dubbed the 'Partner ...
-
Article
The Daily Mail and General Trust appoints actuary
Media group The Daily Mail and General Trust (DMGT) has appointed Hewitt Associates to provide actuarial services for it pension schemesHewitt will provide a range of support to these schemes, including guidance on funding, risk management advice and monitoring of funding levels.Andy Cox, managing director of Hewitt in the UK, ...