All articles by Peter Crush (1) – Page 7
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ArticleThe top 10 most-read articles between 18 March – 24 March 2021
The top 10 most-read stories on employeebenefits.co.uk between 18 March – 24 March 2021 were: Supreme Court dismisses sleep pay claimsHas the role of health cash plans changed during the pandemic?BAE Systems outlines placing mental health at the centre of wellbeing strategiesEmployee wellbeing findings a ‘wake-up call’ for actionBT gives ...
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ArticleGeneral Motors completes £53 million bulk annuity deal
The defined benefits (DB) liabilities of members of the General Motors VACPF (Vauxhall Associated Companies Pension Fund) have been insured by Aviva, it has been announced.The £53 million bulk annuity transaction means the DB liabilities of 1,392 members are now protected, removing the investment and longevity risk from the Fund.The ...
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ArticleCiti appoints new senior HR officer
Investment bank and financial services group Citi has announced it has promoted one of its most experienced HR professionals, Helen Hale, to the role of senior HR officer (EMEA).Reporting to the organisation's head of HR, Hale’s new appointment is the latest in a long line of human resources roles she ...
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ArticleNationwide allows permanent working from home
Nationwide Building Society has announced that all of its 13,000 office staff will be allowed to work remotely – even after restrictions urging people to do so are eased.The move means it has become one of the largest employers to formally introduce permanent working from home.In a statement, the organisation ...
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ArticleOne-fifth of managers want to quit from Covid-19 burnout
Covid-19 (Coronavirus) is not just taking its toll on frontline employees; managers are suffering burnout too, with new data showing it is forcing many to the point of wanting to quit.Research from Benenden Health has found nearly two-thirds of managers have experienced burnout during the past 12 months, with more ...
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ArticleBT gives staff £1,500 Covid-19 bonus
Telecoms company BT is to reward its staff with £1,000 in cash and a further £500 in shares as a thank-you for all their hard work during a difficult 12 months of lockdown.The awards will cost the business £110 million when it gives all 59,000 key workers the £1,000 sum ...
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ArticleRothesay secures £6m aviation pensions scheme buy-out
Rothesay and K3 Advisory, the bulk annuity and consolidator, have completed a £6 million pensions buy-out with an unnamed aviation scheme in a deal which insures the benefits of eight pensioners and 31 deferred members.The scheme had already insured the benefits for more than 20 members in 2009 through a ...
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ArticleCitigroup introduces wellbeing focused ‘Zoom-Free Fridays’
Investment bank Citigroup has introduced ‘Zoom-free Fridays’ to prevent staff suffering from burnout and to allow them to better manage their work-life balance.In a internal memo sent to its 200,000+ staff on Monday, the company's new CEO Jane Fraser wrote: “The blurring of lines between home and work and the ...
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ArticleCovid-19 causes one in five employees over 65s to delay retirement
The impact of the Covid-19 (Coronavirus) pandemic continues unabated, with research by Close Brothers today (24 February) revealing it has already forced many older workers into delaying their retirement plans.According to the study, the past year has highlighted the fragilities of many people’s finances. As a result, it found nearly ...
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ArticleEmployees embrace their year working from home
New data marking the one-year anniversary of the UK going into lockdown has revealed that, among civil servants at least, home working has been embraced.The research by pollster Opinium for SAP found that 57% of civil servants questioned said they now had a better work-life balance, while nearly half (49%) ...
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ArticleMerton College reveals Oxford living wage pledge
Merton College, part of the University of Oxford, has announced it has become an Oxford living wage (OLW) employer.The rate is specific to the region and set by Oxford City Council and is calculated at 95% of the London living wage. It means the college is now committed to paying ...
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ArticleOdey Asset Management loses incentives tax case
Hedge fund firm Odey Asset Management has lost its legal battle with HMRC in which it argued executives who were part of a partnership pay plan between 2011-12 and 2015-16 did not need to pay tax on their share options.The plan put 17 of its executives into a special purpose ...
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ArticleTUC demands coronavirus jab sick pay
The Trades Union Congress (TUC) is urging more employers to give staff paid time off if they fall unwell after having their Covid-19 (Coronavirus) jab.With more adults of working age now starting to receive their jabs, a new poll by the TUC among more than 1,000 firms found only 45% ...
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ArticlePublic sector workers paying more into pensions
A report by the National Audit Office (NAO) has revealed most pensions have become more affordable in recent years – but it has also raised concerns that pensions affordability among public sector workers is now falling behind.According to the report, employee contribution levels have increased by 16% in real terms ...
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ArticlePoll: Furlough scheme extension gets thumbs up from 55% of employers
Employee Benefits poll: More than half of employers agree with the government’s decision to extend the furlough scheme by a further five months.Also known as the Coronavirus Job Retention Scheme (CJRS), the initiative was expected to end on 30 April 2021. However, it has now been extended across the UK ...
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ArticlePoshmark hires its first chief people officer
Poshmark – the online marketplace for new and second-hand style for women - has appointed William Ingham as its first ever chief people officer.The online marketplace, which announced its initial public offering at the start of this year, recently reported a 27% increase in fourth-quarter revenue, and the new role ...
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ArticleSupreme Court dismisses sleep pay claims
The Supreme Court has this morning (19 March) delivered its much-anticipated judgement on how rate of pay is calculated on so-called ‘sleep-in shifts’ – remuneration for those required to provide sleep-in cover, which is typically required in care homes.The verdict was that it dismissed the appeals from two claimants – ...
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ArticleEmployee wellbeing findings a ‘wake-up call’ for action
Joint research by YuLife and YouGov has revealed the deleterious impact on employee wellbeing and mental health from a year of lockdown.With at-home staff reporting feeling ‘always-on’ and having to juggle caring commitments, the study showed nearly a quarter of workers (22%) simply do not take any breaks at all ...
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Article45% of FTSE 100 firms use ESG to calculate pay
Research by PricewaterhouseCoopers (PWC) and London Business School has revealed environmental, social and governance (ESG) measures have reached widespread adoption in the setting of executive pay.Data from The paying well by paying for good report found the measures were now being used in approaching half (45%) of all FTSE 100 ...
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