All articles by Robert Crawford – Page 4
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OpinionJohn Pryor: A multi-diverse mobility plan has never been greater
Cost management, risk management, carbon footprint reduction, business efficiency and effectiveness and time management are all issues that impact on corporate travel.Too frequently, many employers retain the status quo and simply accept that employees have a company car, will access a pool car or drive their own car and reclaim ...
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ArticleClyde and Co, Deutsche Bank and Npower promote National Carers' Week
EXCLUSIVE: Clyde and Co, Deutsche Bank, Mercer, Npower and Suffolk County Council are among a number of employers that are promoting the benefits that they offer to support working carers during National Carers’ Week.During the week, which runs from 8-14 June, the organisations will promote their offerings to help employees ...
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Case StudiesAxa includes a range of benefits for staff travel
The insurer has a comprehensive company car policy, which offers all its employees the opportunity to have a company car, using three funding methods: employee car ownership, contract hire and a salary sacrifice arrangement.It also offers a number of other travel-related benefits such as a cash allowance towards the cost ...
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OpinionPenny Cogher: Complexities and uncertainties around pensions during insolvency
The Supreme Court judgment in the case of Trustees of the Olympic Airlines SA Pension and Life Assurance Scheme v Olympic Airlines looked at what connection a foreign employer must have with the UK to entitle an English court to wind it up, if its centre of main interests is ...
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ArticleGovernment plans action to cap pension freedom charges
The government is planning action to ensure pension scheme members accessing the pension freedoms are not charged excessive early exit fees.It will launch a consultation in July to ensure penalties are kept to a minimum and scheme members are treated fairly when moving their pension to a provider that offers ...
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ArticleAberdeen Asset Management improves financial education for its own staff
Aberdeen Asset Management is running a number of financial education seminars for its 2,000 employees. A number of different topics have been covered to appeal to all age ranges, from learning how to get on the housing ladder to how to make a pension last longer.In the seminars, provided by ...
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ArticlePension scheme members withdraw £1 billion from pots
Pension scheme members have withdrawn more than £1 billion from their pension pots since the introduction of the new freedoms in April 2015.Chancellor George Osborne (pictured) announced that more than 60,000 people have made use of the reforms, which allow members of defined contribution (DC) schemes aged over 55 to ...
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ArticleNext generation of retirees expect to be £3,000 a year worse off
The next generation of retirees, those aged 45-to-55 years old, expect to be worse off in retirement by a fifth (18%) compared to those leaving the workplace in 2015, according to research by insurer Prudential.Its research, which surveyed more than 1,000 people, found that respondents in the 45-to-55 age group ...
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ArticleBenefits suitable for the Starship Enterprise
Something for the weekend… If you have ever longed to work on Star Trek’s Starship Enterprise then look no further as online game developer NetDragon Websoft has built its headquarters in China in the shape of the legendary spaceship.The six-story building in the country’s south-east Fujian province is about 850 ...
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AnalysisAre group risk benefits relevant to younger employees?
If you read nothing else read this…Benefits are more relevant to younger employees than they realise.Blanket group risk communications skew relevance.Younger employees getting a mortgage need insurances as a collateral for lenders to see.Technology can help improve employee perception of the relevance of group risk benefits.A large proportion of this ...
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Analysis
14: Motivation in numbers
4,044: Southeastern employees rewarded for their professionalism with £25-worth of shopping vouchers. bit.ly/1G2DDSl 12%: the percentage by which business-to-business gift-card and voucher sales grew in the fourth quarter of 2014 (The UK Gift Card and Voucher Association, date needed) (UKGCVA)8 percentage points: the amount E.On has improved on its employee ...
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ArticleGoldman Sachs pays largest directors' bonuses
Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynch paid the largest bonuses to directors in 2015, according to research by salary benchmarking site Emolument.com. Its analysis of 2015 salary data from 189 front office directors working in London investment banks, found that Goldman Sachs paid its directors an ...
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ArticleHigh Court dismisses appeal against BBC pensionable pay cap
The High Court has dismissed an appeal against the BBC after the organisation imposed a 1% cap on increases in pensionable salary in a bid to reduce its defined benefit (DB) pension schemes deficit.In the case of Bradbury v British Broadcasting Corporation, the High Court ruled that the BBC conduct ...
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ArticleQueen's Speech confirms legislation on tax and NI
The Queen has confirmed that legislation will be brought forward by government to ensure there are no rises on income tax, value-added tax (VAT) or national insurance for five years. The move, which was first announced in the Conservative Party’s election manifesto, was one of the measures announced in the ...
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ArticleNCR and Shire shortlisted for global benefits
NCR and Shire Pharmaceuticals are among the employers that have been shortlisted for the award ‘Best international or expatriate benefits’ at the Employee Benefits Awards 2015.For this award, the judges were looking for employers that used their global reward strategyeffectively to help drive their business goals.The full category shortlist is:African ...
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ArticleLandmark boosts staff awareness of wellbeing
Landmark Information Group has boosted employees’ overall awareness of their health and wellbeing since introducing its genetically-guided wellness programme.The organisation, which provides land and property search information, launched its DNAFit programme in October 2014 after teaming up with British nutrigenetics firm DNAFit Life Sciences to identify the best workout and ...
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ArticleHigh Court rules Granada has to pay directors’ pensions top up
The High Court has ruled that a pensions top-up arrangement set up to provide security for unfunded pensions promises for four ex-directors at Granada Group did not require shareholder approval to be considered viable.The case, Granada Group v Law Debenture Pension Trust Corporation, concerned a secured unfunded unapproved retirement benefit ...
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ArticleMercer acquires executive reward firm Kepler Associates
Mercer has acquired UK-based executive remuneration specialist organisation, Kepler Associates. Kepler, which has more than 20 employees, advises around 16% of FTSE 350 remuneration committees, as well as a growing number of firms overseas.The acquisition is aimed at strengthening Mercer’s capabilities in executive reward.Kepler’s founder, Gordon Clark will become UK ...
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ArticlePeel Ports and Santander shortlisted for pensions change
Peel Ports Group and Santander are among the employers that have been shortlisted for the award ‘Best DC pensions change’ at the Employee Benefits Awards 2015.The award, sponsored by Friends Life, recognises employers that have implemented an effective change to pensions in their organisation. This can be a change in ...
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ArticleTesco introduces bonus clawback measures
Tesco has introduced new measures to allow it to claw back annual bonuses and performance share plan awards.The provisions, announced in the retailer’s Annual reports and financial statements 2015, will allow Tesco to do so in the event that its financial results are mis-stated or the participant has contributed to ...