All articles by System Administrator – Page 109
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Article
Network Rail awards performance bonus
Network Rail has awarded all staff a bonus of over £1,100 after reducing train delays and laying more cable than last year. Employees met the targets, which are governed by the Office of Rail Regulation, and saw a bonus more than double of that received in 2004.
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Article
Rover Group applies to pension protection fund
A number of pension schemes that have gone bust, including Rover group schemes, have applied to enter the Pension Protection Fund (PPF). The PPF is currently considering whether schemes from Pearce Signs Group, Pattern Equipment, Perseverance Mills and Bristol Community Sports are eligible to enter by having their financial position ...
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Analysis
The advantages of flexible working
With studies showing that flexible working can reduce short-term sickness absence, Jamin Robertson also reports diminished stress among parents working flexiblyIf you read nothing else, read this ...Studies have shown flexible working arrangements can reduce short-term sickness absence levels.Parents that are able to work flexibly report lower stress levels because ...
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Article
Adnams closes final salary pension
Adnams has closed its defined benefits pension scheme to all staff after it developed a funding shortfall of £9.6 million. The Suffolk brewer, which closed the scheme to new members three years ago, has replaced it with a defined contribution plan. Chairman Simon Loftus said that instead of the organisation ...
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Article
Social housing pensions scheme adds website
The Social Housing Pensions Scheme (SHPS) has added a new website to enable its 40,000 members to better access retirement information. The site includes a document library and pension projector calculator as well as separate areas of access for employers and members.
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Pensions update - Firms opt for targeted A-Day approach
The majority of employers will only be communicating A-day pension changes to those members directly affected, such as senior execs.A joint study by pensions specialist firms Claybrook and Paymaster entitled Being prepared for A-Day highlights that 79% of organisations plan a targeted approach and only 4% will favour a generic ...
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Article
Key access for Custom Fleet
Custom Fleet has added an interactive fleet leasing system that it says will enhance service through its online features.They include online ordering, fleet reports, and update facilities. The new system, Key Access, builds on a system used in Australia and New Zealand.
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Article
Sectoral gulf in sickness absence
Public sector absence rates are 30% worse than in the private sector - according to The Confederation of British Industry (CBI)/Axa's Who cares wins: absence and labour turnover 2005 survey.Public sector workers were off sick an average of 9.1 working days in 2004, while private sector workers had 6.4 days ...
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Analysis
100th issue supplement - The changing landscape of benefits 1998 - 2005
Benefits have become increasingly sophisticated as a sea-change in attitude has altered the perspective from a necessary evil to a valuable workplace tool. Bea Oaff reports on some key changesArticle in full"In the past eight years there has been a marked change in the way employers approach benefits," says Martyn ...
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Analysis
100th issue supplement - The turbulent tide of pensions 1998-2005
The last eight years have seen turmoil among workplace pension schemes. Sally Hamilton assesses the damage and finds A-day changes will add new complicationsArticle in fullEventful would be a slightly understated description of the workplace pensions arena in the past eight years. Even the least sceptical observer would have to ...
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Analysis
100th issue supplement - Healthcare benefits 1998-2005
Edmund Tirbutt attributes stagnant company healthcare benefits to an unattractive tax regime coupled with a boost in government investment in the NHS. One deviation from that trend is the popularity of healthcare options offered through flexArticle in fullWhile it would be nice to report that in the eight years since ...
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Analysis
100th issue supplement -Flexible benefits
Technology has allowed the flexible benefits system to move from a recruitment tool to one that is more about cost management, says Alison ColemanCase Study: Motability OperationsArticle in fullWhen the concept of flexible benefits first arrived in the UK 20 years ago few employers took it seriously. The idea of ...
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Analysis
100th issue supplement: Government tax on benefits 1998-2005
New Labour philosophy has been at the heart of employee taxation policy since 1997. Victoria Furness evaluates the changes and outlines the key issues for the futureArticle in full"A week is a long time in politics," said former Labour prime minister Harold Wilson in 1965. Eight years must, therefore, feel ...
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Article
Pocket guide to data protection
A guide to data protection has been released aimed at small businesses wanting to avoid data scam artists. The book, Data Protection Pocket Guide: Essential Facts at your Fingertips provides basic practical advice and a jargon-busting explanation about steps to take to comply with the Data Protection Act 1998.For orders ...
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Article
AIG launches new employer liability product with rehab services
AIG Europe (UK) has launched a new employer's liability (EL) product with rehabilitation that it says can trim 20% from EL claim costs. The product combines EL coverage with medical and vocational rehabilitation for staff, including a 24-hour, 365 day report phone line.For more information contact Sophie Jackson at AIG ...
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Article
English Heritage joins voucher product
English Heritage has joined voucher group Leisure Vouchers, with customers able to redeem rewards for yearly membership allowing free access to historic sites. English Heritage, which coordinates visits to Stone Henge and Hadrians Wall, joins other Leisure Vouchers tourist attraction providers including London Zoo and the Royal Yacht Britannia in ...
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Article
Lakeside Shopping Centre joins voucher group
Lakeside Shopping Centre has become a member of the Voucher Association, the trade body representing players in the £1.41b per annum voucher market. The giant shopping centre, which hosts 300 retailers, aims to expand its Lakeside Gift Voucher product following the move.For more information contact the Voucher Association on 08702416445
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Article
PWC releases updated pocket tax book
Financial adviser PricewaterhouseCoopers has released the latest version of its annual guide to UK taxes. The Pocket Tax book for 2005/06 includes all the UK's main tax rates, exemptions and reliefs for the new tax year, including changes following the Budget and Finance Act.To obtain a copy of the 2005/06 ...
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Article
New guide to employee share plans for AiM companies
Specialist employee share plan adviser Postlethwaite & Co has produced a guide for Alternative Investment Market listed companies to put an effective scheme in place. Share Plans for Aim Companies covers key issues including how to identify the right plan, current trends and particular issues affecting AiM companies.To obtain a ...
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Article
Kingfisher launches recognition and reward voucher scheme
Kingfisher Gift Vouchers has introduced a new product for staff recognition and reward schemes. The product features a collection of rewards tailored to key anniversaries and events such as weddings and long service awards. Vouchers are redeemable at 1500 stores including branches os B&Q and Woolworths.For more information contact Kingfisher ...