All articles by Tynan Barton – Page 57

  • Article

    Capita Fiduciary Group research: Defined benefit pensions have significant financial impact

    2011-09-13T09:04:44Z

    Defined benefit (DB) pension schemes have had a significant impact on UK organisations, according to research by Capita Fiduciary Group.The finance director survey: The management and impact of defined benefit pension schemes found that 86% of organisations that continue to operate DB schemes have suffered from a, primarily financial, increased ...

  • Article

    Scottish Widows research: Employees unaware of contribution levels in pension schemes

    2011-09-12T09:56:01Z

    Over half (55%) of employees in defined contribution (DC) pension schemes are aware how much they are contributing, according to research by Scottish Widows.The Scottish Widows Workplace Pensions Report 2011 found that 45% of scheme members are either contributing nothing or do not know how much they are contributing.Other findings ...

  • Article

    Aberdeen Asset Management rolls out payroll-giving scheme to staff

    2011-09-08T09:34:57Z

    Aberdeen Asset Management has introduced a payroll-giving scheme that allows staff to round down their net pay to the nearest pound and donate the remaining pennies to charity.The scheme, Pennies for Promise, was launched by Activpayroll on 5 September at the beginning of National Payroll Week, and is open to ...

  • Article

    Morris Ashby enters into pension insurance buyout agreement

    2011-09-05T09:55:29Z

    The trustees of the Morris Ashby pension scheme have entered into a pension insurance buyout agreement with the Pension Insurance Corporation (PIC).The pension fund, which has 480 members and liabilities of £38 million, after its former sponsor JL French UK entered into insolvency in 2006.Following the insolvency, the pension fund ...

  • Article

    Advanced Business Solutions research: Employers divided as to where payroll function should sit

    2011-09-05T09:28:28Z

    Organisations are divided as to where the payroll function sits within the business, according to research by management and information systems provider Advanced Business Solutions.The research, conducted among HR and payroll professionals in the UK and USA, found that 36% believe the payroll function should sit between the HR and ...

  • Article

    Reabur research: Employees prepared to pay for longer weekends

    2011-09-02T09:30:00Z

    Over half (52%) of British employees would be prepared to sacrifice a day’s pay for a three-day weekend, according to research by Reabur.The study, conducted among 1,283 full-time workers, also found that 14% would willingly sacrifice half a day’s wages to finish work at lunchtime on a Friday.A further 4% ...

  • Article

    Wood Mackenzie switches flexible benefits provider

    2011-09-02T09:20:11Z

    Wood Mackenzie, a research and consultancy firm in the energy, mining and metals sector, has switched its flexible benefits provider.The organisation will now use Bluefin’s online reward portal Orbit to offer its flexible benefits plan to employees.Hollie Smith, senior reward and benefits specialist at Wood Mackenzie, said: “Our flex scheme ...

  • Article

    Scottish Widows research: British employees not prepared to discuss salary

    2011-09-01T09:25:00Z

    Almost half (49%) of British employees are not willing to share salary details with colleagues, according to research by Scottish Widows.The Dare not ask survey found that 27% of respondents would not discuss their pay with friends, and 15% would not talk about salary with their family.Only 24% of respondents ...

  • Article

    UK Healthcare to launch cash plan at Employee Benefits Live

    2011-09-01T00:00:01Z

    UK Healthcare will be introducing a corporate health cash plan at Employee Benefits Live, which will be held on 27 and 28 September at the Business Design Centre in London.The plan has been developed for organisations with over 50 employees, and starts at £1 per employee per week.UK Healthcare is ...

  • Article

    Close Asset Management acquires Cavanagh Group

    2011-09-01T00:00:01Z

    Close Asset Management has expanded its financial education services with the acquisition of Cavanagh Group.Cavanagh Corporate, the firm's employee benefits division, and Close Asset Management's financial education division, will now offer employers benefits reviews, communication, implementation, education and delivery.Jeanette Makings, director of financial education services at Close Asset Management, said: ...

  • Article

    CIPD research: More than half of employees unaware of 2012 pension reforms

    2011-08-31T09:45:32Z

    More than half (53%) of UK employees are unaware of the 2012 pension reforms, which include the auto-enrolment of staff into workplace pension schemes, according to research by the Chartered Institute of Personnel and Development (CIPD).†The Employee Outlook: Focus on pay and pensions survey found that the employees most aware ...

  • Article

    BBC pays staff £32.5 million a year for unpredictable shift patterns

    2011-08-31T09:17:55Z

    The BBC pays £32.5 million a year to employees who get two weeks’ notice of shift patterns.The extra allowance, which is given to around 8,323 of the broadcaster's staff, is paid as a bonus of 10% of their salary if they are given 14 days notice of their hours of ...

  • Article

    Hyphen research: Employees prepared to take pay cut for additional annual leave

    2011-08-30T10:09:00Z

    A third (31%) of UK employees are willing to take a pay cut for additional holiday entitlement, according to research by recruitment solutions provider Hyphen. The research found that 40% of employees in their first three to six months and seven to 12 months (43%) of employment would look for ...

  • Analysis

    Three connects with young workforce

    2011-08-29T23:00:00Z

    Case study: Pensions calculator pays off at ThreeJacqs Harper, Three’s head of retention performance, works in the upgrades and cancellation business, encouraging customers to stay with Three.Harper has been with the company for seven years, starting in the call centre before progressing to a head office role. She says she ...

  • Article

    Phoenix Group closes two defined benefit pension schemes to future accrual

    2011-08-26T09:42:17Z

    Phoenix Group has closed two of its defined benefit (DB) pension schemes to future accrual.Trustees of the two pension schemes agreed to the closure, which will bring a curtailment gain of £10 million relating to a release from future liabilities.Members of the two schemes are staff from the firm's Pearl ...

  • Article

    Coloplast provides free fruit for staff

    2011-08-24T09:00:54Z

    Medical devices firm Coloplast is providing free fruit to employees in its Peterborough office.The initiative is part of an on-going employee wellbeing programme, and aims to help staff avoid the afternoon lull.Sam Sedwill, HR director at Coloplast, said: “The health and wellbeing of our staff is very important to us."When ...

  • Article

    Vodafone to launch global compensation software programme

    2011-08-23T09:49:31Z

    Vodafone Group is launching a software programme to manage its fixed and variable compensation for 85,000 employees across 20 countries.The Compensation Cockpit from Excentive International will enable the organisation to manage bonus calculations, long-term incentives, salary reviews and allowances.Bernd Flossbach, head of group reward operations and policies at Vodafone Group, ...

  • Article

    Warner Goodman research: Default retirement age legislation tops HR agenda

    2011-08-23T09:49:07Z

    The removal of the default retirement age is top of the most important issues facing organisations in Hampshire, according to research by Warner Goodman.The study found that 60% of respondents from small to medium-sized enterprises (SMEs) have welcomed the legislation that means employees no longer have to retire at 65, ...

  • Article

    Leeds Metropolitan University saves £75,000 a year by tackling workplace stress

    2011-08-18T09:33:37Z

    Leeds Metropolitan University has saved £75,000 a year by implementing a scheme to tackle workplace stress. John Hamilton, head of safety, health and wellbeing at the university, put the scheme in place over two years ago in reaction to bullying and harassment issues that had surfaced.The scheme is based around ...

  • Article

    Marshall Aerospace sees rise in bikes-for-work scheme take-up

    2011-08-16T23:00:00Z

    Marshall Aerospace has seen the highest take-up of its bikes-for-work scheme since it was launched two years ago.Take-up rose by 63 employees in June, bringing the number of staff using the scheme to 275, around 17% of the aircraft manufacturer’s 1,600-strong workforce.The scheme, provided by Halfords, enables employees to pay ...