All articles by Robert Crawford – Page 17
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ArticleTennants Consolidated reviews pensions administration
Tennants Consolidated has reviewed its pensions administration to boost the value of services for its members of its defined benefit (DB) and defined contribution (DC) pension schemes. The chemicals distribution and wholesale organisation’s pension schemes has more than 1,200 members and approximately £130 million of assets.The Tennants Pension Trustees wanted ...
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AnalysisWill the market be ready for the 2015 pension reforms?
If you read nothing else, read this…Pension providers are mulling the creation of new products to help staff access their pension savings.Eligible employees might have to wait up to two weeks to access their pension savings from April 2015.Employers, trustees and providers are now waiting for the reforms to receive ...
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ArticleJohn Lewis Partnership faces £12m holiday pay cost
John Lewis Partnership faces a £12 million annual cost for additional holiday pay as a result of efforts to comply with an Employment Appeal Tribunal ruling on 4 November 2014 that changed the way that UK legislation is applied in relation to holiday pay.The sum includes pension, bonus and national ...
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ArticleGoldman Sachs paid bankers £245,500 in 2014
Goldman Sachs paid its bankers an average of $373,265 (£245,500) in 2014. The bank set aside $12.69 billion (£8.35 billion) to pay 34,000 employees’ compensation and benefits packages, which include salaries, discretionary compensation, equity awards and benefits.This amount was lower than the sum paid in 2012 but higher than that ...
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ArticleHigh Court ruling protects bankrupts' pensions
A bankrupt has retained his pension after a High Court judge held that he should not be compelled to hand it over under an Income Payments Order (IPO).The case of Horton v Henry could mean that bankrupts’ pensions are protected after the freedom and choice reforms that come into force ...
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ArticlePenguin Random House boosts flex perks
EXCLUSIVE: Penguin Random House is to introduce a number of new flexible benefits during its next annual enrolment window to boost its current offering for employees. The publisher will introduce salary sacrifice home technology purchasing for tablets and mobile phones, a will writing service, skin screening clinics and a financial ...
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ArticleOne in three middle-aged employees feel constantly stressed
One in three middle-aged employees feel constantly stressed and take more sick leave than any other age group, according to research by insurer Axa PPP Healthcare. Its research of more than 2,000 people found that 38% of employees aged 30 to 49 feel stressed all or most of the time.The ...
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ArticleTowers Watson expands into Asia Pacific
Benefits consultancy Towers Watson has expanded its employee benefits brokers business into Korea and India.Its launch in India follows its acquisition of a stake in Metis Insurance, which will now be known as Towers Watson Insurance Brokers India.Its services in Korea will be known Towers Watson Insurance Brokers Korea. The ...
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ArticleFriends Life launches workplace cancer benefit
Friends Life has launched an employer-funded cancer-specific insurance policy.The insurer is making the group risk product available to employers looking to insure 100 or more employees.The benefit will be pay a fixed lump-sum benefit of £25,000 to any employee who is diagnosed with a cancer covered by the plan.It is ...
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ArticleTop 15 most visited stories on the web
1. DWP publishes Fit for Work guidance 2. European court rules obesity is a disability 3. The scariest commute in the world 4. Government acts to reduce holiday pay claim costs 5. Google wins best employer award 6. Is total reward dead? 7. City Link staff face non-payment of December ...
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ArticleBus drivers strike over alleged pay disparity
Bus drivers in London are on strike for 24 hours as part of a campaign to end pay disparities, and for better working conditions. Members of the Unite union, which represents more than 27,000 employees at 18 bus companies, are striking over an alleged refusal by operators to address pay ...
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ArticleEmployers yet to consider State pensions change impact
More than half (57%) of employers with defined benefit (DB) pensions have yet to consider, or determine how to address, the increase in payroll costs resulting from changes in the way State benefits integrate with DB pension plans, according to research by Mercer.This compares with 70% of respondents with defined ...
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Case StudiesThe benefits offered by Discovery Networks
The BenefitsPensionGroup personal pension plan.Work-life balance/family-friendly policiesExtensive flexible-working arrangements for all staff.New family support.Childcare and eldercare assistance.Adoption assistanceSummer working hours.Holidays25 days plus bank holidays as standard.Three additional discretionary days over the Christmas period.Voluntary benefitsRetail discounts.Childcare vouchers.Bikes for work.Share schemesSharesave scheme.Healthcare and wellbeingOn-site medical and wellbeing centre.Mindfulness coaching and restorative meditation ...
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Case StudiesDiscovery Networks tunes in to employee health
Driving growth is one of the pay-TV programme organisation’s key business goals. This has seen it take risks to launch new channels and make strategic acquisitions, while maintaining and growing its flagship brands, the Discovery Channel, TLC and Quest.The organisation has had to rethink its benefits offer as it seeks ...
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ArticleLast chance to enter Employee Benefits Awards 2015
Today (12 January) is your last chance to enter the Employee Benefits Awards 2015.If you have not entered already, make sure you don’t miss out. Visit the Employee Benefits Awards website for: information on how to enter; entry forms; and category details. The awards comprise 23 categories, allowing benefits professionals ...
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ArticleUber extends reward programme to UK employees
Cab firm Uber has launched a driver reward programme in the UK following its successful launch in the US in 2014. The firm’s drivers could receive more than £900 worth of benefits every year through the discount scheme-based programme, Momentum, in which they are automatically enrolled after their first 250 ...
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ArticleNew Year's resolutions for benefits professionals
Something for the weekend…New Year, new me might be a modern cliché but with the first week of January coming to a close there could be some food for thought for benefits professionals over what they might do with their New Year’s resolutions.One obvious resolution to keep the workplace happy ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on employeebenefits.co.uk from 1-8 January 2015:1. DWP publishes Fit for Work guidance 2. City Link staff face non-payment of December pension 3. Why employers are transforming specialist reward and pensions staff into benefits generalists 4. Benefits market consolidates 5. Pensioners could sell annuities for ...
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ArticleABP Food Group cuts costs by revamping HR and pay systems
ABP Food Group has achieved annual cost savings of £150,000 by centralising its HR and payroll processes as part of its compliance with pensions auto-enrolment.The beef processing firm implemented a new system, provided by Advanced Business Solutions.ABP’s previous infrastructure was no longer suitable because all of its 16 sites used ...