All articles by Tynan Barton – Page 79
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Scottish Widows research: Pensions vital to employee engagement
Research reveals the importance of pensions provision as an employee engagement tool.Scottish Widows’ Workplace Pension Report found that over two fifths (44%) of employees say the quality of the company pensions scheme is important when looking at potential employers.Furthermore, 63% of employees stated that they would be less likely to ...
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BHSF staff raise money for charity
BHSF's executives and staff have taken part in a 28-mile walk to raise money for the youth homelessness charity St Basils.Two teams of six from the healthcare insurer spent nearly 12 hours on the road as part of St Basils’ Cotswold challenge, and raised £3,356.The charity, which helps homeless young ...
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Lloydspharmacy launches discounted flu vaccination service
Lloydspharmacy has launched a discounted flu vaccination service for employers to help lessen the impact on staff productivity.The pharmacy chain is providing employers with 10% discount vouchers that staff can redeem on flu vaccinations in over 200 pharmacies nationwide.Flu can cause three to five sick days for each person affected, ...
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Unite takes BMI to court for breach of pay deal
Union Unite is taking BMI to the high court for breaking a pay deal worth up to £6 million, promised to more than 3,000 employees.Unite is accusing the airline of failing to uphold a three-year pay deal that was agreed in 2007.Unite entered the pay agreement with BMI, which provided ...
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Close enhances pensions platform
Close is introducing new technologies to boost its services in the offshore pensions and retirement marketplace.Its new developments include a workflow system to enhance the processing and administering of schemes and a new extranet to allow both advisers and employers secure access to their plans.These are the first steps in ...
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Public sector staff get greater total reward than private
The total reward for public sector workers is greater than their counterparts in the private sector, according to new figures from the Office for National Statistics (ONS).However, this is only true when only those workers with pension provisions are taken into account, otherwise the opposite is the case.September’s Economic and ...
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Edenred gives cardholders free online access to discounts
Edenred has granted Incentive Award cardholders free access to its Advantages online platform.The Advantages platform gives cardholders the chance to save money on shopping, days out and holidays.The open-loop Incentive Award Card, which is used for employee recognition and reward and incentive programmes, is available as US dollars, euros and ...
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Edenred launches travel booking website
Edenred has launched a travel booking website to enhance its travel reward offering.The website allows recipients of its Compliments Passport reward programme and Travel Club members to view holiday offers and specials deals, and book holidays online.Edenred’s Travel Clubs are a free benefit that organisations can offer employees, which sources ...
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Birmingham City Council's benefits could be impacted by spending cuts
Birmingham City Council has issued a statement informing employees of possible changes to employment contracts, which could include cuts to car mileage allowances and a review of car parking allocation.In a bid to reduce its net expenditure by £330 million over the next three to four years, the council issued ...
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ALC Health launches expatriate health insurance plans in UAE
ALC Health has partnered with Arab Orient Insurance Company to underwrite its worldwide health plan for companies and residents in the United Arab Emirates (UAE).The partnership means that ALC Health’s products will be available to the expatriate community.Andrew Apps, director, ALC Health, said: “We are delighted to partner with Arab ...
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Warwickshire Police switch eyecare benefits providers
Warwickshire Police has switched eyecare benefits providers.The new provision, supplied by Specsavers Corporate Eyecare, means all of Warwickshire police officers will be provided with full eye examinations and glasses if required.Warwickshire Police will use optical care vouchers for around 950 police officers, and visual display unit (VDU) vouchers for around ...
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Employees' retirement income underfunded
Each year of retirement is funded by just under two years of work, according to Aviva’s latest Real Retirement Report.The report found that due to people living longer, retirement years could be extremely underfinanced.It calculated that today’s people over 55s will live for an average of 88 years, typically working ...
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Many employees wrongly taxed on benefits
Employees receiving benefits such as cars and health club memberships could have paid incorrect tax due to errors by HM Revenue and Customs (HMRC).Employers are urged to offer support to staff as HMRC tries to recover around £2 billion that has been underpaid during the last two years.An internal review ...
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Citrus4Benefits launches with online benefits management system
New consultancy, Citrus4Benefits, has launched with an online benefits management system to reduce the amount of time employers spend on administering benefits.The system, powered by Redbourne, also aims to enhance productivity while minimising errors and managing business risk.Citrus4Benefits aims to assist employers with all aspects of employee pension and benefit ...
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NAPF revamps website
The National Association of Pension Funds (NAPF) has revamped its website for those wanting to keep track of events, policy and news.The website has improved its functions which include information on NAPF training, news updates and policy responses, key facts and briefing documents, and an online bookshop.Joanne Segars, chief executive, ...
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Workplace Options launches cognitive behavioural therapy tool
Workplace Options has launched a computerised cognitive behavioural therapy (CBT) tool to provide a higher level of support for employees.The application is designed to integrate with the personalised support employees receive from counsellors in treating behavioural and psychological problems, such as stress and anxiety.The self-paced programme encourages participants to interact ...
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Barnett Waddingham joins Aries Pensions Club
Aries Pension and Insurance Systems has announced that Barnett Waddingham has joined the Aries Pensions Club.In joining, the firm gains access to the Aries Pensions System (APS) that contains 20 years of pensions legislation research.The APS offers members with pensions technical support. Members include consultants, administrators, life offices, pensions funds ...
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Pension liabilities jump 20% to record high
Pension liabilities for private sector final salary pensions schemes have hit a new high of £1.2 trillion over the past year.The record liability amount is a 20% increase since the £1 trillion figure was reached in August 2009, according to Aon Consulting's Aon200 index. The index, which tracks around half ...
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Virgin Atlantic crew to receive global medical assistance
Virgin Atlantic has signed a new contract to provide medical claims management to flight crew wherever they are in the world.The airline's 4,000 flight and cabin crew employees will receive with advice and care in the case of a medical emergency, provided by Healix International, while they are working away ...
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Metropolitan Police renews pay and pensions outsourcing contract
The Metropolitan Police Authority and Metropolitan Police Service (MPS) have extended their pay and pensions outsourcing contract with Logica for a further three years.Following the contract extension, MPS has the opportunity to introduce organisation-wide electronic payslips, overtime and expenses for the first time, as well as providing staff with greater ...