All articles by Tynan Barton – Page 55
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Article
Nest signs principles for responsible investment
The national employment savings trust (Nest) has signed the United Nations-backed Principles for responsible invesment (PRI) framework.Globally there are 930 signatories, 120 of which are UK-based. These include 26 asset owners.As part of its commitment to responsible investment, Nest will exercise its voting rights via its fund managers and actively ...
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Analysis
Pension reforms: What information do employers need?
If you read nothing else, read this . . . In order to meet the auto-enrolment requirements under the 2012 pension reforms, employers need to hold information that will identify whether each employee meets the eligibility criteria. It is an employer's duty to keep accurate and current records. Time is ...
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Article
Interview with Mirka Slater, EMEA benefits manager at Expedia.com
The biggest challenge for Mirka Slater, EMEA benefits manager at Expedia.com, is finding enough time to manage changes across the 22 countries for which she is responsibleMirka Slater, Europe, Middle East and Africa (EMEA) benefits manager at Expedia.com, which includes Egencia, TripAdvisor and Holiday Lettings, has found that working for ...
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Article
RSPB to enhance payroll system to improve reward
The Royal Society for the Protection of Birds (RSPB) is to enhance its payroll system to improve the way it rewards its employees.The Falcon system, provided by MSM Software, will give employees access to a detailed breakdown of how their basic pay and commission is calculated.The system, which will go ...
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Article
Office Angels research: Salaries stall as number of jobseekers increases
Advertised salaries for administrative and non-professional services roles stalled in September, according to research by Office Angels and Mysalarychecker.com. The latest Salary watch recorded a marginal month-on-month fall (down 0.23%) in average salaries.According to Office Angels, as the number of jobseekers continues to rise, employers are increasingly able to take ...
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Article
NAPF publishes guide to help understand pension scheme performance
The National Association of Pension Funds (NAPF) has published a guide to help trustees and pension fund managers understand the three fundamentals for the evaluation of a pension scheme’s performance. Produced and sponsored by JP Morgan, Performance measurement, attribution and risk made simple, is the latest in a series of ...
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Article
NAPF research: Over half of employees are likely to stay in the pension when auto-enrolled
As many as 57% of employees said they are likely to stay in the pension that they are automatically enrolled into from October 2012, according to research by the National Association of Pension Funds (NAPF).Among these pro-enrolment workers, 49% think it is a good deal to get 3% in contributions ...
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Article
Willis launches auto-enrolment product
Willis Employee Benefits has introduced a product to provide employers with tools to manage the auto-enrolment requirement of the 2012 pension reforms.†The product includes a consultancy service to enable employers to understand how the requirements relate to their circumstances and what the impact will be on their business.It also offers:Advice ...
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Article
Line managers are key to addressing sickness absence
Line managers are key to tackling sickness absence in the workplace, agreed a roundtable held by Legal and General.In light of the imminent release of the government’s sickness absence review, expected at the end of October, Esther McVey, MP and parliamentary private secretary to Chris Grayling, minister of state for ...
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Article
Tindle Newspapers awards a bonus to all employees
Tindle Newspapers is to award all staff a bonus in light of the financial success of its community newspapers.Every full-time employee will receive a minimum lump sum of £125, which will increase according to the profits of each Tindle centre, up to a maximum of £400 a head.Tindle Newspapers has ...
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Article
Standard Life research: Most employees will not opt out when auto-enrolled into a pension
The majority (82%) of employees auto-enrolled into a pension scheme would not opt out when information is presented clearly and effectively, according to research by Standard Life.The Keep on nudging report found that, of those who would opt out when the 2012 pension reforms are implemented, a fifth said they ...
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Article
Rise in state pension age for women delayed
Work and pensions secretary Iain Duncan Smith has announced that women who would have seen a two-year increase to their state pension age will have their wait reduced to 18 months.The Pensions Bill, which is currently going through parliament, proposes that the state pension age for women will reach 65 ...
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Article
Pension Protection Fund research: Pension scheme deficits increase by £80 billion
The aggregate deficit of pension schemes in the Pension Protection Fund (PPF) 7800 index has increased to £196.4 billion from £117.5 billion in just one month.Figures from the PPF show that the deficit of the 6,533 defined benefit (DB) schemes in the index increased by almost £80 billion from the ...
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Article
Unison to ballot public sector workers over changes to pensions
Unison is to ballot public sector workers over government plans to make changes to local government and NHS pensions.†Ballot papers will be posted to 1.1 million public sector workers.Unison is urging union members to vote for strike action and to join the public service strike on 30 November.The call for ...
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Article
Whipps Cross University Hospital NHS Trust asks staff to sacrifice holiday to cut costs
Whipps Cross University Hospital NHS Trust has asked employees to sacrifice annual leave as part of cost-reduction plans.†The hospital has formally asked all employees to consider giving up annual leave, or taking unpaid leave, on a voluntary basis.The holiday-sacrifice measure is part of a range of cost-cutting exercises, which also ...
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Article
Vielife partners health management firm Protegia
Vielife has announced a new partnership with Munich-based health management firm Protegia.The new alliance will see both organisations provide online health services on a joint platform to employers and staff to measure personal health status and improvements.The new alliance will see both organisations provide online health services on a joint ...
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Article
Interim Partners research: Pay for top interims rises
Salary rates for interim executives have risen, driven by businesses hiring at senior management level, according to research by Interim Partners.The research found that 79% of interim executives are now paid over £500 per day, up from 74% last year.According to Interim Partners, the increase could signal a thaw in ...
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Article
Capita Hartshead launches pension 2012 micro site
Capita Hartshead has launched a resource for employers that want to keep up to date with the 2012 pensionchanges.The micro site is aimed in particular at those businesses that have yet to start planning for auto-enrolment andneed to know what it is all about and when they need to be ...
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Article
Growing waistbands impact size of company car fleets
The size of UK company car fleets is getting bigger; but not in terms of the number of cars.Luxury car manufacturers, such as BMW Group, are looking at adjustments to their cars in order to accommodate the growing number of obese people in the UK.While waistbands continue to grow, manufacturers ...
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Article
Clifford Chance introduces salary sacrifice car scheme
Clifford Chance has introduced a salary sacrifice car scheme for its UK employees.The scheme, Salary Exchange which is provided by Zenith, operates on a cost-neutral basis for the law firm because the employee sacrifices part of their gross salary in return for a car, saving income tax and national insurance.The ...