All articles by System Administrator – Page 95
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Article
Product news - Inexpensive flex aimed at SMEs
A 'plug-and-play' flexible benefits package has been launched for small- and medium-sized organisations.Corporate independent financial adviser Caversham Buchanan and system provider 4th Contact have introduced Clear Flex, an off-the-shelf flex package aimed at those which would have been put off such schemes due to high start-up costs.Patrick Harrison, managing director ...
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Event news - A-Day to prove costly
"A-day is going to cost you money" Penny Green (pictured) the president of the Pensions Management Institute, has warned.Speaking during the session 'Six months to A-day, where should you be?', she said that employers will incur significant legal and actuarial costs in preparing for pensions simplification.She added that "in an ...
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News update - Absence levels dive
Aviance, the airport service provider, is rolling out an absence management system after a trial scheme reduced absence levels from 6% to just under 4%. The scheme, which requires employees to report absence to a trained nurse, was tested on 600 employees based at Gatwick Airport and is now being ...
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Sickness absence still a big problem employers say
Some 88% of employers believe absenteeism is still a big problem in UK organisations, according to a survey conducted by www.hrlaw.co.uk, Fox Williams' (FW) online employment law information service.More than half the respondents to the survey, from more than 2,500 businesses, report that absenteeism has increased in the past two ...
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Half of employers give sick pay above statutory minimum
More than half of employers that operate sickness schemes paying above the statutory minimum allow new staff to benefit from these as soon as they join the organisation - according to a survey conducted by Incomes Data Services. The report called HR study on sick pay analysed the practices of ...
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Goldman Sachs disputes £2bn hike
Investment bank Goldman Sachs has disputed reports that it increased its employee benefits spend by £2bn, or 61% in the last financial year.Lucas Van Praag, global head of communications, said: "There are four quarters in the year. I think for the media Christmas came a bit early." Van Praag said ...
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Pensions update - Employers face pensions' fines of £50K
Employers could be fined up to £50,000 by the Pensions Regulator if they fail to consult active members over changes to occupational pension scheme rules. The duty to consult applies from April next year, when the appropriate clause in the Pensions Act 2004 comes into force.To date there has been ...
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Pensions update - BA ponders £1bn DB deficit
British Airways is consulting the members of one of its defined benefit pension schemes about making good a deficit of more than £1bn.The airline is now looking at revising the terms of its New Airways Pension Scheme (NAPs), which was set up in 1984 and closed to new members in ...
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New Service Reduces Road Risk for Company Drivers
A new vehicle monitor service introduced by Total Motion Vehicle Management aims to help businesses tackle the risks and costs resulting from poor maintenance of vehicles used on company business.
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Michael C Fina Worldwide launch MYGIFTCHOICE.CO.UK
Michael C Fina Worldwide , the first truly global Reward and Recognition company has launched MYGIFTCHOICE.CO.UK.This allows the lucky recipients, who could be a channel partner , a leading customer, valued employee or key supplier, to choose a thank-you gift they actually want, rather than be the unfortunate recipient of ...
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Company car book updated
Managing your company cars is a guide for all fleet managers, written by Colin Tourick of CitiCapital Fleet, and is now available in a revised edition.The book covers all aspects of fleet management, including finance, lease contracts, cash for car, rentals, environmental issues, health and safety, administration and taxation.There is ...
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Standard Life SIPP enhanced for regular savers
Standard Life is to introduce enhancements to its Self Invested Personal Pension (SIPP) aimed at widening its appeal to a large number of investors who make regular montjly payments towards building their retirement fund. For the first time investors will be able to pay for the cost of advice in ...
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Argos joins NHSDiscounts with a special voucher back offer for members
NHS employees who are members of NHSDiscounts are now able to buy discounted Argos products, following the retailer joining their services. Staff can purchase over 200 products for the family, home and garden. Each of the selected items comes with Argos vouchers which can be worth up to 40% of ...
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Northgate HR unveil its new version of flexible benefits application, My Choice.
My Choice integrates dynamically with existing HR systems, automates benefits administration and reinforces Northgate HR57’s strategy to develop best-of-breed report writing tools.
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AON launches pension scheme governance offering
AON Consulting, the leading pensions, benefits and HR consulting firm has announced a new governance product to help companies and trustees tackle the complexity of complying with governance best practice.
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P&MM launches EAP offer
P&MM has launched a new employee assistance programme that offers staff two levels of counselling and support options.Lifestyle Action includes provides telephone and face-to-face counselling and personal tax and legal advice. The product will also offer emergency childcare and repair options.
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Older staff must rethink retirement date
After A-Day, retiring employees will no longer be forced to take income, such as an annuity or drawdown, at the same time as getting access to a cash lump sum.Responsible employers may want to inform retiring employees of this fact so that they can work out whether it will be ...
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Hertfordshire County Councils offers holiday childcare
Hertfordshire County Council intends to repeat its first school holiday childcare scheme provided for the 18% of council employees with childcare requirements.The council provided a summer play facility for children aged seven to 13 years during the August school holidays, attracting 178 enrolments. Gillian Hibberd, assistant director of HR, said ...
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Analysis
Debunking benefits myths
With a large number of benefits myths in circulation, Stephanie Spicer separates the facts from the fictionCase Study: AshridgeArticle in fullThere are many myths circulating around the employee benefits world. These tend to arise because employers fail to understand what their employees want or because staff misinterpret what is being ...
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Amlin runs pre-retirement workshops
Amlin, the insurance and reinsurance firm, has run its first round of pre-retirement workshops since switching to a stakeholder pension scheme.The workshops, which were run last month by Winterthur Life, are part of an ongoing communication strategy to empower Amlin's 500 pension scheme members.The contract-based Amlin Retirement Investment Scheme was ...