All articles by Tynan Barton – Page 59
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Pirelli appoints Cardano to manage defined benefit pension schemes
The trustees of Pirelli’s UK pension schemes have appointed Cardano to manage all Pirelli’s defined benefit UK funds.The £600 million fiduciary mandate will see Cardano take fully delegated responsibility for managing the relationship between the assets and liabilities for the schemes.Flavio Cateni, trustee of the Pirelli Common Investment Fund and ...
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Equiniti launches online employee share portal
The Equiniti Group has launched a new platform to enable employees to access and manage their share plans online.The ESP portal, which can be employer branded, allows employees to view their holdings, access their plan information and transact and sell shares.Employees can log on to the portal through a link ...
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PMI Health Group research: Employers unaware of legal obligations to staff using display screen equipment
Nearly a third of organisations are unaware of their legal obligations to staff using display screen equipment (DSE).The research, commissioned by PMI Health Group, found that 28% of employers did not know they were responsible for looking after the health of their staff that use DSE.Over half (53%) of respondents ...
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PricewaterhouseCoopers research: Employees admit to pulling sickies
Some 83% of UK employees admit to lying about illness in order to take time off work, according to research by PricewaterhouseCoopers (PWC).Its poll of 1,190 people found that four in ten fake symptoms in the office in preparation for a day off, while 61% skive off because they are ...
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EEF & JAM Recruitment research: Manufacturing pay settles to pre-recession levels
Pay in the manufacturing sector has levelled out in the three months to the end of June, according to pay data by manufacturers' organisation EEF and JAM Recruitment.The July 2011 Pay Bulletin found that the average pay settlement for the period was 2.5%, the same as the revised figure for ...
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Remuneration Consultants Group launches review of code of conduct
The Remuneration Consultants Group (RCG) has launched a consultation for the first formal review of the code of conduct for executive remuneration consultants.Feedback and comments on fundamental principles and the functioning of the code are invited from a range of parties that include remuneration committees of all UK FTSE All ...
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Aviva UK Health research: Long-term absence has major impact on morale
Long-term absence has a major impact on both businesses and staff morale, according to research by Aviva UK Health.The Group Risk Review found that while 69% of employers said that long-term sickness absence is an important issue for their business, just under a quarter of employees (23%) are deterred by ...
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Sports Direct staff to receive bumper bonus from share scheme
Over 2,000 of Sports Direct’s employees are set to receive a huge windfall through the retail firm’s share scheme.The shares will be paid in 2012 and 2013 after Sport’s Direct confirmed its second-year share scheme targets were met with underlying profits of £200.4 million.This followed a first-year target of £160.4 ...
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CIPD research: Pay squeezes reduce impact of economy on employment
The Chartered Institute of Personnel and Development (CIPD) has revised its forecast for UK economic and employment growth but expects pay cuts and freezes to moderate the impact.The downward revision is due in part to lower-than-expected unemployment in the first quarter of 2011, and also to the expectation that a ...
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Vielife research: Health and wellness issues absent from boardrooms
UK boardrooms lack strategic discussion about employee health and wellness, according to research by Vielife and London South Bank University.The Workplace Wellness Study, conducted among senior HR and finance people, found that only 41% of organisations discuss employee health and wellbeing at board level, despite 68% of respondents stating that ...
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Now Health International launches online tool on international health plans
Now Health International has launched an online tool to help employers decide which international health insurance plan best suits them.Its online Help me decide function asks employers three questions about their needs and provides an option that suits their circumstances.Alison Massey, e-commerce and marketing director at Now Health International, said: ...
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Towers Watson research: Pension funds’ global alternative assets grow to USD 952 billion
The alternative assets managed on behalf of pension funds by the world’s largest managers grew 16% in 2010 to USD 952 billion, according to research by Towers Watson in conjunction with the Financial Times.The Global Alternatives Survey also found that total assets under management for these managers increased by 12% ...
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Softwire Technology recognised for commitment to employee health and wellbeing
Softwire Technology has been awarded the Simplyhealth Healthy Workplace award in recognition of its commitment to employee health and wellbeing.The awards recognise the contribution that UK organisations make to the welfare of employees; winners of the awards provide staff with a range of initiatives and benefits to help the workforce ...
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Cigna Healthcare Benefits research: Only 5% of UK staff receive dental benefits through employers
Only 5% of British employees have a dental plan through their employer, according to research byCigna Healthcare Benefits has revealed.The research also found that, while 93% of respondents rated their dental health as important or very important, nearly a third had to delay or cancel treatment due to cost.Additionally, 21% ...
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BBC to stop “sky-high” rewards for senior executives
The BBC is end the high pay culture for executives and will phase out private medical insurance for senior staff, said BBC Trust chairman Lord Patten of Barnes.In his speech, The BBC – Old Values, New Technologies, Patten announced that in order to address the ‘toxic’ issue of executive pay, ...
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Chester and District Housing Trust signs up to fitness challenge
Chester and District Housing Trust has signed up 180 employees to the Stay Active Challenge to help improve the health of its workforce.The challenge, run by iGlobalFitness, begins on 15 July and will see each team of five employees from various organisations compete against each other to increase their activity ...
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ABN Amro appoints Bluefin to administer flexible benefits
ABN Amro has appointed Bluefin to manage and administer its flexible benefits scheme.Caroline Downey, human resources director at ABN Amro, said: “Through the use of Bluefin’s online reward and benefits portal, Orbit, we have been able to ensure that our flexible benefits remain as popular.“It is always a bold move ...
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P&MM launches personalised rewards service
P&MM has launched a new recognition service that allows employers to personalise incentive rewards.Its Recognise Me - Personalised By You programme is available as part of a motivation scheme and enables line managers to select employees to reward, or staff to nominate colleagues.The programme is then used to design a ...
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Bromford Group implements healthcare trust
Bromford Group, the provider of affordable homes and specialist supported housing, has implemented a healthcare trust to deliver healthcare services to its employees.The trust, provided by Healix, provides nurse-led healthcare support as an alternative to private medical insurance (PMI).Jo Ross, quality manager, human resources team at Bromford, said: “Introduced to ...
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ONS research: Gap between public and private sector pay widens
The gap between average earnings in the public and private sectors has increased since April 2007, according to figures from the Office for National Statistics (ONS).Its article, Public and private sector earnings: Estimating differences in public and private sector pay, found that in April 2010, public sector employees were paid ...