All articles by Tynan Barton – Page 77
-
Article
CSR: Higher pension contributions for public sector workers
Chancellor George Osborne has announced that the government will increase the level of employee contributions in public sector defined benefit pensions, as outlined in Lord Hutton’s interim Public Sector Pensions Review.In his Comprehensive Spending Review, Osborne said that the “progressive changes” will deliver an additional £1.8 billion of savings a ...
-
Article
BP links staff bonuses to safety performance
BP is to link staff bonuses directly to safety performance in the last quarter of 2010.BP's chief executive Bob Dudley made the announcement ahead of a review of the BP Group’s reward structure in early 2011.The company previously used a range of criteria to assess variable performance pay, but will ...
-
Article
Carval launches new payroll bureau service
HR and payroll software provider Carval has launched a new payroll bureau service to deliver traditional or secure electronic payslips.The service is aimed at employers that use Carval’s Unistaff HR software. In addition, employees in organisations that use Carval's Employee Self-Service Software will be able to access current and historic ...
-
Article
Young women are not prepared for retirement
More than half of women under 50 admit they are not preparing adequately for retirement, according to research from Scottish Widows.Its annual Women and Pensions report found attitudes to savings and pensions could lead to widespread poverty among future generations.The report found younger women (aged 18 to 29) have typically ...
-
Article
Public sector employees would strike to protect pay and pensions
Public sector employees would strike to protect pay and pensions regardless of disruption to public services, according to research from the Chartered Institute of Personnel and Development (CIPD).But its Employee Outlook focus on industrial action found union members are more likely to support strike action against a reduction in pay ...
-
Article
Acorne launches Virgin Experience Days gift card
Acorne has launched the Virgin Experience Days gift card, which provides access to over 600 experiences and special offers.The gift card can be used to pay for multiple experiences and is redeemable online or via a customer services phone line.The card can be loaded with any value from £10 to ...
-
Article
Friends Provident to acquire Bupa’s UK protection and risk business
Resolution has announced the proposed acquisition of Bupa Health Assurance (BHA) by one of its subsidiaries, Friends Provident Life and Pensions.The sale, subject to regulatory approval, will see BHA become part of Friends Provident.Bupa will now focus on its healthcare business, which includes its health insurance products, while BHA’s group ...
-
Article
BT and Royal Mail sign pledge to help staff with arthritis
Employers including BT, Royal Mail and the Work Foundation have committed to Arthritis Care’s ‘Employer’s Pledge’.The charity is challenging firms to improve the working conditions of thousands of employees with arthritis.The Employer’s Pledge, which so far covers 190,000 employees, is a statement of commitment which sets out suggestions of best ...
-
Article
Tax-free pensions contributions limit to be announced tomorrow
The government is due to announce the tax-free annual pension contribution limit to tomorrow.Many expect that the announcement will confirm that the annual allowance will be £40,000.Also expected in the announcement is clarification on the valuation factors applied for defined benefit (DB) schemes that will work out what the deemed ...
-
Article
Callcredit launches total reward statements and benefits website
The statements, which were launched at the beginning of September with NorthgateArinso, give all 680 employees sight of the benefits they currently receive, as well as those that they could take up, such as basic salary, incentive payments, introduce-a-friend recruitment bonus, pension, group life assurance, healthcare cash plans, childcare vouchers ...
-
Article
Aviva research: Majority of employees would emigrate to improve health and wellbeing
Over three quarters of employees would consider moving abroad to help improve their health and wellbeing, according to new research from Aviva UK Health.The research found that 40% of UK workers would move abroad to improve their health and wellbeing, and 36% believe other countries offer a healthier environment and ...
-
Article
Royal National Rose Society pension scheme appoints Pitmans Trustees
The Royal National Rose Society pension scheme has appointed Pitmans Trustees as independent trustee to its final salary retirement and death benefits scheme.Chief executive of the gardening charity, Roz Hamilton, said: “We decided to appoint a professional trustee on the advice of our accountants who were strong supporters of having ...
-
Article
Tribunal rules that UBS bonus scheme shares are not forfeitable
A ruling by the first tier tax Tribunal has found in favour of HM Revenue and Customs (HMRC) on the tax treatment of a UBS AG employee bonus scheme involving forfeitable shares.UBS AG awarded shares in a special purpose vehicle (SPV), which could be sold for cash, resulting in an ...
-
Article
Changes to exercise and diet are top staff wellbeing objectives
Employees cite changes to their exercise routines and their diet as their top wellbeing objectives, according to a survey from wellbeing consultancy Tonic.During its tour of the UK with its wellness programmes, Tonic outlined key strategies to optimum health and wellbeing and motivated participants to commit to some positive healthy ...
-
Article
Office workers consume extra 700 calories a day
Office workers consume an extra 700 calories a day compared to other professions, according to a poll conducted by HR consultancy, Reabur.The results show that 89% of office workers admit to snacking at their desks every day, compared to just 4% of those in the medical profession.Over a quarter (26%) ...
-
Article
Hutton calls for increase in public sector workers' pension contributions
Lord Hutton has recommended an increase in public sector workers’ contributions to pensions and a rise in the retirement age.In his interim Public Sector Pensions Review, Hutton says the reforms are needed to address the affordability and risk sharing issues surrounding public sector defined benefit (DB) pensions.The report aims to ...
-
Article
BHSF staff walk to Buenos Aires and back for charity
BHSF employees have walked the equivalent distance to Buenos Aires and back without leaving the country.Teams from the employee health benefits provider walked a total of 14,600 miles as part of the Global Corporate Challenge to help cut child obesity.Equipped with pedometers, three teams of 21 BHSF employees took part ...
-
Article
Canada Life introduces new group critical illness policy
Canada Life has introduced a new group critical illness policy with an extended range of conditions and improved product terms.The range of core conditions covered has increased from seven to 12, and additional conditions increased from 24 to 38.The policy, which will be available to all new group critical illness ...
-
Article
JML boosts take up of pension scheme
JML, the household product supplier, is actively encouraging employees to join its defined contribution (DC) pension scheme.The company is also offering staff free pensions advice from Clifton Asset Management.It is working to boost take up into the scheme, which offers 6% employer contributions and 4% employee contributions, rather than having ...
-
Article
Just Retirement acquires annuity service provider
Just Retirement, the life assurance provider for those at or in retirement, has announced an agreement to acquire The Open Market Annuity Service from Kerr Henderson.The acquisition is part of Just Retirement’s goal to invest in further development of the open market option.The Open Market Annuity Service provides systems and ...