All articles by Viola Caon – Page 2
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The Pensions Regulator sets out its approach to tackle non-compliance with the pension reforms
The Pensions Regulator has set out its strategy for tackling non-compliance with the pension reforms, including auto-enrolment.The largest organisations will have to comply with the new duties from October, while the smallest employers will have to comply by 2017. Organisations that fail to comply with their new duties may be ...
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Siemens UK wins award for employee recognition
Siemens UK has won the gold award in the employee recognition category of the Institute of Promotional Marketing (IPM) Awards 2012.Siemens UK's Champions programme, which allows employees to recognise their colleagues who demonstrate the firm's corporate values, is available to all 12,000 UK staff.Recognition nominations can be submitted online or ...
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McBrides to pilot real-time information system
Accountancy firm McBrides is one of 100 medium-sized employers that is to pilot HM Revenue and Customs' (HMRC) real-time information (RTI) system.RTI is intended to make it easier for employers, providers and HMRC to administer the pay-as-you-earn (PAYE) system. Most employers will be using the programme by April 2013 and ...
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RPMI employees take part in Race for Life
Employees at pension administrator RPMI have raised £828.55 by completing Cancer Research UK's Race for Life.The fundraising event, which was held in Darlington on 10 June, saw almost 3,000 women of all ages running, jogging and walking to raise money for the cancer charity.This is the second year employees at ...
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HMRC publishes consultation on PAYE reporting
HM Revenue and Customs (HMRC) has published a consultation document, which aims to make pay-as-you-earn (PAYE) reporting in real time as easy as possible for employers.The consultation document, Securing compliance with real-time information: late filing and late payment penalties, seeks views on how best to support employers to understand and ...
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Family Mosaic introduces online HR and payroll system
Social landlord Family Mosaic has introduced an online HR and payroll system.The system includes a self-service function to suit the organisation’s move towards more flexible working opportunities for its staff, including remote, home and mobile working.The system, ResourceLink Aurora from NorthgateArinso, will also provide greater visibility of live employee data, ...
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Barclays Corporate and Employer Solutions partners Aegon on corporate protection for SMEs
Barclays Corporate and Employer Solutions has partnered with Aegon to supply corporate protection, including shareholder and partnership protection and loan protection risks, to small and medium-sized employers.The arrangement will also offer employers:An individual pricing facility to enable premiums to be among the best in the market (subject to terms).Immediate cover ...
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Leasedrive Group staff to take part in charity bike ride
Leasedrive Group employees are participating in a 400-mile, four-day, four-country charity bike ride.The Big Four Charity Bike Ride starts at the fleet management group's Wokingham headquarters and travels through France, Belgium and Luxenbourg.Seventeen employees will be cycling to raise money for a variety of charities, including Leonard Cheshire Disability, Macmillan ...
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FTSE 100 bosses’ total pay up 10%
The median total remuneration of FTSE 100 bosses increased by 10% last year to £3.7m, according to a survey conducted by Manifest, the proxy voting agency, and the remuneration consultancy MM&K.The survey showed that the rise was five times the increase in average earnings across the economy and came at ...
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B&CE appoints independent trustees for The People's Pension
B&CE has announced the appointment of the board of trustees for The People’s Pension.It has selected Pan Governance, an independent trustee firm, and its corporate director and chief executive Steve Delo will be appointed as chairman.Alan Pickering, chairman of BESTrustees, will also join as a director of the board of ...
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Insurers not ready for HMRC's real time information initiative
Only 11% of respondents believe insurers will be ready to implement HM Revenue and Customs’ (HMRC) real time information (RTI) initiative on time, according to a survey conducted by Xafinity Paymaster.The Xafinity Paymaster annuity industry survey 2012 also found that 46% of respondents believe the financial services industry will not ...
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House of Fraser closes final salary pension scheme to future accrual
House of Fraser has closed its final salary pension scheme to future accrual.The retailer made the move after its pension scheme deficit nearly trebled, from £31.7 million at the end of January 2011 to £85 million at the end of January 2012.The scheme was closed to new members in 2002, ...
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Oliver Valvetek hosts barbecue to reward staff
Oliver Valvetek has hosted a barbecue for staff following its success in the 2012 Queen Awards for Enterprise in the international trade category.Founder and chairman Michael Oliver and his family joined employees at the barbecue.The award was handed out thanks to the firm’s growth in international sales between 2007 and ...
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Pension deficit for FTSE 350 firms approaches £120 billion
The aggregate deficit of defined benefit (DB) pension schemes for companies in the FTSE 350 approached £120 billion at the end of May 2012, according to research by Barnett Waddingham.The research also showed that some sectors of the FTSE 350, in particular the industrial sector, have been more exposed to ...
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Lorica Employee Benefits launches online benefits portal
Lorica Employee Benefits has launched an online benefits portal called iPortal, which provides employers and their employees with access to every website and microsite related to their benefits offering through one sign-on facility.The portal can be connected to a variety of benefits platforms, including pension schemes, wealth management, flexible benefits, ...
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PMI and Mercer partner to offer discontinuance administration for pension schemes
The Pensions Management Institute (PMI) has partnered with consultancy Mercer to offer specialist support around discontinuance administration for defined benefit (DB) pension schemes.The move is in response to growing demand within the industry for services that relate to approaches to solvent buy-outs, insolvency administration and overall pension scheme cessations.Vince Linnane, ...
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Positive shift in employee engagement worldwide
Latin America has the highest employee engagement levels, according to research by Aon Hewitt.Its 2012 Global engagement report analysed employee engagement trends among more than 3,100 organisations representing 9.7 million employees worldwide.In Latin America, 71% of respondents cited high levels of employee engagement, compared to 64% in North America, 58% ...
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The Pensions Regulator reminds employers about auto-enrolment inducements
The Pensions Regulator (TPR) has reminded employers about the laws related to inducing staff to opt out of retirement savings post-auto-enrolment.The law prohibiting inducements comes into effect on 1 July, although employers’ staging dates are spread out over several years.The TPR defines an inducement as any action with the sole ...
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Ceridian UK to launch products for pension reforms
Ceridian UK is to launch a series of products to help large employers manage the cost of the pension reforms, which are due to come into effect on 1 October this year.The products include software that will identify and enrol relevant staff into a chosen scheme, ease communication and administration, ...
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Pensions fear for over-50s
Almost 30% of Britons aged over 50 have no pension in place and look set to rely on the state pension in retirement, according to the LV= State of retirement report.Government plans for a universal state pension of £140 a week will still mean an annual income well below the ...