All articles by Tynan Barton – Page 69
-
Article
Domestic and General hosts wellness event
Domestic and General has held a wellness event to support employees’ health and wellbeing and combat sickness absence.The event, held in conjunction with Nuffield Health, gave the organisation's 800 call-centre employees the chance to get advice and tips on exercise and eating plans.Domestic and General's wellness team gave out NHS ...
-
Article
CIPP research: Payroll giving popular among pay professionals
Payroll giving is popular among payroll professionals, according to research by the Chartered Institute of Payroll Professionals (CIPP).The CIPP Payroll Giving Schemes survey found that nearly three-quarters (73%) of payroll professionals operated payroll giving within their organisations.Of those that do not run a scheme, 18% said they are considering implementing ...
-
Article
Ford staff could strike over CPI pension link
Unite, the union, has warned Ford it intends to ballot around 11,000 members for industrial action in response to the employer’s plan to link pension payments to the consumer price index (CPI).Ford informed Unite in early January that it intends to use the CPI to calculate inflation linked increases to ...
-
Article
Willis launches online benefits service
Insurance broker Willis Group has launched an online service to streamline the management administration and communication of employers’ benefits programmes.Its Total Rewards online portal enables employees to see the overall value of their personal reward package, with information and resources to increase understanding and take up of benefits.Employers can use ...
-
Article
Aviva launches support service to help expats manage health
Aviva UK Health has launched an information pack to help expatriates manage their own health.My Health Passport is available as a downloadable version to capture information such as employees' personal details, blood group, illnesses and GP and insurance provider contact details, and also as a printed booklet containing more comprehensive ...
-
Article
Johnson Fleming launches DC pensions adviser guide
Johnson Fleming has launched a guide to help employers select a pensions adviser prior to the 2012 pension reforms.Its Guide to appointing a defined contribution (DC) pension adviser includes a sample tender document that could save an employer’s time when it undertakes a pension scheme adviser review.Many employers will conduct ...
-
Article
Grid research: Employers unprepared for removal of pre A-day rules
Employers are unprepared for the removal of the earnings cap and other pre A-day rules on 6 April 2011, according to research from Group Risk Development (Grid).The Group Risk Employer Research study found that a third (32%) of employers are undecided about what action to take when pre A-day rules ...
-
Article
Technip appoints Capita to provide occupational health services
Technip, the oil and gas engineering, technologies and services firm, has signed a three-year contract with Capita to provide a range of occupational health services for 3,000 employees.Using Capita’s Wellness Assessment Surveillance Portal (Wasp), Technip will be able to undertake health surveillance via a set of questionnaires.The portal will provide ...
-
Article
Government announces review into sickness absence system
The government has announced a major review into the current sickness absence system to reduce the cost of ill-health to the economy.Announced at the same time as news of the government’s Welfare Bill was delivered, the review will explore new ways of how the current system can be changed to ...
-
Article
Aon Hewitt research: DC pension pots shrink
The projected retirement income for members of defined contribution (DC) schemes has fallen in the past year, according to the Aon Hewitt DC Index.The index found that the projected annual retirement income for 60 year olds has fallen by £751 from £11,216 to £10,465.A 65 year old’s projected retirement pot ...
-
Article
Bonuses are most effective benefit for retaining staff
Almost two thirds (64%) of managers feel bonuses and reward based pay are the most effective benefit for retaining staff, according to a survey by CBSbutler.The survey also found just over a quarter (27%) of respondents believe pensions are the best benefit for holding on to employees.However, no respondent valued ...
-
Article
CIPP launches international payroll initiative
The Chartered Institute of Payroll Professionals (CIPP) has launched an international payroll initiative.Its CIPP Paying the World initiative, launched as a result of interest from members and students, will include a new specialist interest group on international payroll, and an international news section on the CIPP website.Lindsay Melvin, chief executive ...
-
Article
Teachers’ Pension Scheme re-appoints Capita for administration
The Department for Education has appointed The Capita Group to administer the Teachers' Pension Scheme (TPS).The seven-year contract, worth £80 million, will start in October 2011 when the current contract, also with Capita, ends.The TPS has more than 1.6 million members and is the second largest public sector pension scheme ...
-
Article
Canada Life introduces communications programme to highlight 5 April deadline
Canada Life has introduced a communications programme to highlight the need for trustees of registered group life assurance schemes to review their schemes by 5 April 2011 to ensure they operate according to the Finance Act 2004.The Finance Act 2004, which came into effect on 6 April 2006, known as ...
-
Article
Government amends impact assessment for private sector pensions move to CPI
Annual pension accrual for members of private sector defined benefit (DB) schemes could drop by one third following the move to consumer prices index (CPI), according to a revised impact assessment published by the government late on Friday.The document states that for the 2.5 million active members of DB pension ...
-
Article
Eversheds research: Employers uncertain over removal of the default retirement age
One in seven employers may retire employees over 65 while they still can under the current regime, according to research from Eversheds.The research, conducted among 330 employers, found that nearly two thirds (63%) of respondents intend to abandon mandatory retirement after 1 October this year, while only 1% (three respondents) ...
-
Article
FTSE 100 pension deficits improve by £29 billion
The total deficit of the FTSE 100 pension schemes has improved by £29 billion, according to research from Pension Capital Strategies (PCS).The latest quarterly FTSE 100 report found that the total deficit amounted to 28 billion at 31 December 2010, down from £57 billion 12 months ago.The report also found ...
-
Article
NA Motors pension scheme transfers to FAS
The NA Motors pension scheme is one of the first to successfully transfer to the Financial Assistance Scheme (FAS).The transfer, completed by Dalriada Trustees, will see the FAS make payments to top up scheme benefits for eligible members.The sponsoring organisation of the NA Motors pension scheme, a Ford car dealership, ...
-
Article
Transport for London re-appoints corporate actuarial adviser
Transport for London (TFL) has re-appointed Punter Southall as its corporate actuarial adviser following a selection exercise.Punter Southall will continue to provide strategic advice on TFL’s pension arrangements and the impact of any changes in legislation.The TFL pension fund has over 80,000 members with assets of around £5 billion.Punter Southall ...
-
Article
New sharesave rates to apply from 27 February
Higher interest rates are to apply to new savings contracts linked to sharesave or save-as-you-earn (SAYE) schemes from 27 February 2011.The rates have been adjusted as the fixed-gap margins between the bonus rates and market reference swap rates were breached on 31 January.The new rate for a three-year savings contract ...