All articles by System Administrator – Page 45
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PPF plans longer levy
The Pension Protection Fund (PPF) has published a consultation document that proposes the levy should be set for three years from 2008, not annually as at present.Such a process would provide greater stability for levy payers in regard to both the levy estimate, which is the total amount that the ...
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GSK monitors screening
GlaxoSmithKline (GSK) has said that its cycle-to-work scheme was more popular than its health screening benefit, after it launched the two salary sacrifice perks in June.Out of the pharmaceutical firm's 18,500-strong workforce, 427 employees took up the cycle-to-work scheme, while 270 staff opted for health screening.Harsha Modha, director of benefit ...
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Small firms light on obesity
More than half (54%) of managers in small to medium-sized companies (SMEs) believe that obese employees are more likely to take sick leave. A further 76% of managers have no plans to provide support or advice for staff concerned about their weight, according to a survey by Nuffield Proactive Health ...
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Preparing staff for financial schooling
Financial education may not be advice, but it should not be passive either and, for the most part, must help staff find the right direction.Financial education aims to provide generic information to employees about a broad range of personal finance issues. It can help employees to begin to understand and ...
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Fat Face introduces new perks
Fat Face has launched childcare vouchers and bikes for work at its head office as a stepping stone to launching a flex scheme next year.It is also offering head office staff a pensions modeller and one-to-one sessions with a benefits adviser to better communicate its stakeholder scheme which is available ...
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Switch on to retirement as early as you can
Employees approaching life as retirees need to time to maximise their pension contributions and work out options for the future.There is some debate about when financial education around pre-retirement planning should be provided to staff. Most experts would recommend that it takes place at least two years before retirement, with ...
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Foster Denovo revamps perks post split
Foster Denovo has introduced an employee assistance programme and an online benefits portal following its split from the Tenet Group in August.The independent financial advice firm has also switched pension providers so that Friends Provident will supply a group personal pension for staff. The firm will match employee pension contributions ...
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DC members deprived of full retirement income
Defined contribution (DC) pension scheme members could be missing out on up to an additional 70% of retirement income, according to Hewitt Associates' Defined contribution survey 2007.The study says that many DC schemes are failing to introduce simple mechanisms that could increase member income, such as salary sacrifice, matched contributions, ...
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David Rockey moves to Nokia
Mobile network 3's David Rockey is leaving his post as reward manager to take up the role of global benefits manager at Nokia.After five years at 3, Rockey is looking forward to a more focused role. "I'm moving from being a 'jack of all trades' to concentrating on one job, ...
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York council leans locally
City of York Council has added a package of local discounts to its existing voluntary benefits scheme in a bid to enhance its reputation with staff and to support the local economy.City of York Council negotiated discounts with food and clothing retailers and local tourist attractions, which it made available ...
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CoreData Research says growth of Sipps is slow
A CoreData Research UK study of mass affluent consumers, financial advisers and group schemes has revealed that only 4.1% of 150 polled schemes plan to introduce group self-invested personal pensions.While 6.1% of schemes were very interested in the potential of Sipps, in contrast, 32.7% were not very interested in their ...
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McDonald's colours fleet
McDonald's has colour coded the cars that drivers can select online or from brochures so that each vehicle's level of CO2 emissions is clearly highlighted.The aim is to make it easier for staff to identify and choose vehicles that are environmentally-friendlyCars are coded red, amber or green, with red cars ...
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Revenue to clarify travel claims
HM Revenue and Customs (HMRC) has published draft guidance to clarify the status of employer-paid journeys by staff from work to home for tax and national insurance (NI) purposes.Ordinary commuting between a permanent workplace and home amounts to private journeys and, if the cost is paid for by the employer, ...
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Case law - Flexible retirement
Final salary pension schemes could be more inclined to offer employees flexible retirement following a Court of Appeal ruling (Trustee Solutions Ltd and others v Dubery and another) affecting plans that started the winding up process between 6 April 1997 and 6 April 2005.Leslie Dubery was employed between 1992 and ...
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Encourage staff to pay into pension to boost their retirement fund
Employers and consultants need to tap into employees' concerns for the future in order to help them prioritise saving for life in retirement.Pensions have become so complicated that providing financial education for staff around the options open to them is virtually essential.Graham Cooke, senior consultant in the private clients team ...
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Chaplin in United Biscuits move
United Biscuits (UB) has appointed Joan Chaplin as head of reward to replace Achla Tanna, who has moved to Reckitt Benckiser as a compensation and benefits director.Chaplin joins the biscuit and snack manufacturer from hospitality provider RCI Global Vacation Network.
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Flex billed at Trowers & Hamlins
Law firm Trowers & Hamlins plans to launch a flexible benefits scheme to employees in an attempt to remain competitive in regard to the recruitment and retention of staff.The company aims to launch the flex scheme in January next year, and benefits could include holiday trading arrangements and also life ...
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CAA refines strategy and provides a bike scheme
The Civil Aviation Authority (CAA) has launched a cycle-to-work scheme this month after requests were made for the benefit following staff surveys.Employees were asked what benefits they wanted as part of a feasibility study into a flexible benefits scheme. However, the CAA has decided not to go ahead with flex ...
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Employees who manage their finances are better focused on their work
If your workers are actively managing their finances, then chances are they are better focused on their work.While there is no legal obligation on employers to offer financial education to their staff, the number of organisations that do offer it is on the increase. So much so that providing financial ...
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Beryl Cook joins News Corp
BSkyB's group director for people, Beryl Cook, has left the media firm to take up the role of chief human resources officer at News Corporation, a stakeholder in BSkyB. In her new role, Cook will be responsible for attracting and retaining employees around the world."I see my new role as ...