All articles by Tynan Barton – Page 85
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Ifs Proshare research: Increase in employees saving through share ownership
There has been a significant increase in the number of employees contributing to share ownership schemes, according to the ifs ProShare annual survey.The survey found that the vast majority of the approximately two million employees currently participating in some form of employee share scheme do so via a share incentive ...
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Final salary pensions pose second biggest risk to employers
Final salary pensions have risen to second place in the list of corporate risks, ranking only behind the market environment. According to Aon Consulting’s latest Employer Survey, 41% of respondents said pensions were a key business risk compared to a quarter in 2008 when the study was last conducted.However, just ...
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European cities among top for quality of living
European cities are among the best in the world for quality of living, with 16 among the top 25 ranked globally, according to Mercer’s Quality of Living survey.Vienna is the top ranked city for the second year running, followed by Zurich and Geneva in second and third position.At number 39, ...
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Energizer appoints Buck to provide pension services
Energizer Trust has appointed Buck Consultants to provide actuarial, administration, consulting and investment consulting services for the Energizer UK pension plan.The consumer goods company, whose portfolio includes brands such as Wilkinson Sword, Banana Boat and Hawaiian Tropic, appointed Buck Consultants following an intensive selection process.The fund has just under 1,000 ...
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Chartered chemical engineers pay rises by 5%
The average salary for chartered chemical engineers in the UK and Ireland has risen by 5% since 2008.According to the Institution of Chemical Engineers’ 2010 UK and Ireland salary survey, the median salary for a chartered chemical engineer is now £60,400 compared to £57,500 in 2008.A chartered chemical engineer aged ...
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Employers still cautious about pay rises
Many employers are still operating a cautious approach to pay, with only 3% planning to make an above-inflation pay award, according to a new report from the Confederation of British Industry (CBI) and Harvey Nash.Picking up the pace: the CBI/Harvey Nash employment trends survey 2010 showed that after months of ...
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Bank of England reports pay freezes are thawing
Pay freezes have shown signs of slowing and pay rises could be on the increase, according to the Bank of England’s Agents’ summary of business conditions for May.The report revealed the number of pay freezes for the period from late March 2010 to late April 2010 were lower than reported ...
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Hays staff raise money for charity
A team of employees from recruitment firm Hays took part in a physical challenge to raise money for charity Action for Children.The ‘Beat the Moon’ challenge in the Lake District involved cycling nine miles, followed by a nine mile trek to the summit of Scafell Pike, then a canoeing stint ...
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Staff pension contributions fall by £1 billion
Employee pension contributions have fallen by £1 billion over the past year, according to figures from HR Revenues & Customs (HMRC).According to the Pensions Trends analysis issued by the Office for National Statistics, contributions have fallen from £6.3 billion in 2007/08 to £5.3 billion in 2008/09, the second time there ...
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Aviva research: Majority of UK adults to work beyond retirement age
Almost 70% of UK workers plan to stay in employment past their current standard retirement age but few are financially prepared for when they do leave work.Aviva’s Real Retirement Report research reveals that that those on a countdown to retirement (aged 55 to 64) have falling household incomes and low ...
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Employee-owned companies underperform in Q1 of 2010
Employee-owned companies underperformed in the first quarter of 2010 compared to the FTSE All-Share companies, according to the UK Employee Ownership Index (EOI) report.The report, published by law firm Field Fisher Waterhouse, showed that employee-owned companies’ share prices were only up 3.2% in the quarter in comparison to the FTSE ...
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Marks and Spencer announces £800m plan to fill pension deficit
Marks and Spencer Group and its pension fund trustees have agreed a funding plan worth £800 million to make up some of the shortfall in the retailer's UK defined benefit pension scheme.The announcement of the funding plan follows the completion of the triennial actuarial valuation, which showed a deficit of ...
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Capital Incentives & Motivation launches new ethical incentives and rewards solution
Capital Incentives & Motivation, a specialist division of Accor Services, has launched an ethical incentive and reward product in partnership with Green Rewards.This eco-incentive programme, Compliments Green, uses e-vouchers and an online account. It operates with a points-based system; once employees have accrued enough points they choose an environmentally friendly ...
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Kyocera Mita appoints Cartlidge Morland to advise on pensions
The documents solutions firm Kyocera Mita UK has appointed Cartlidge Morland as consultant to the company’s UK group personal pension scheme.Cartlidge Morland will also provide advice on the death-in-service and income protection schemes, as well as on-going independent financial advice for all employees.Employees’ pension funds will be regularly reviewed, and ...
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Employers should prepare to de-risk pensions now to avoid future price hikes
Employers which are looking to de-risk pension schemes need to prepare now to avoid rising prices caused by a bottleneck in insurers’ capacity, according to Lane Clark & Peacock (LCP).In a new report the firm of consulting actuaries said that demand for buy-ins and longevity swaps has the potential to ...
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PPF research: Pension schemes fall back into deficit
The deficit of the UK’s largest defined benefit (DB) pension schemes worsened in April 2010 after being in surplus in the previous month, according to research from the Pension Protection Fund (PPF).The aggregate funding (total assets minus total liabilities) of almost 7,400 DB schemes has swung from a surplus of ...
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John Lewis celebrates 10 years of community giving
The John Lewis Partnership has donated 181,000 hours of staff (known as 'partners' within the firm) time to charities over the past decade through secondments.To mark the 10th anniversary of its community giving programme, the Golden Jubilee Trust, the retailer is financing ten additional partner secondments at a cost of ...
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Financial worries force employees to put health at risk
The majority of UK employees (78%) would be prepared to jeopardise their health by returning to work from long-term sickness absence before they are fully fit, according to a report from Aviva UK Health.The study revealed that money worries and job security are major factors in people rushing back to ...
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NHS implements new workforce management software
The National Health Service (NHS) Workforce Solutions Community has signed new contracts with a group of software providers to supply workforce management software solutions.Smart/HMT, Zircadian and Software Europe have built a comprehensive offering specifically for the NHS, covering rostering for doctors, nurses and other staff, staff bank management, time and ...
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Staff given little reward for overtime
Despite many employees working longer hours than ever, very few are being paid extra for their efforts.According to the Real Wage Report by Santander, almost a quarter (23%) of full-time workers across all industry sectors are putting in more overtime but less than half (41%) are being paid extra.The survey ...