All Employee Benefits articles in Web Issue – Page 252
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Dairy Crest cuts dividends to trim pension deficit
Dairy Crest, which own brands such as Cathedral City, Frijj, Clover and Country Life butter reduced its dividend by 25%, to help it fund its defined benefit (DB) pension scheme.Its pension fund deficit payments will resume from October 2009 at £20 million a year.Mark Allen, chief executive of Dairy Crest ...
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Norwich Union Healthcare launches bereavement helpline
Norwich Union Healthcare has launched a new bereavement helpline to offer additional support to relatives and partners of its Group Life customers who have passed away.The helpline can also be used by Group Life customers who have suffered bereavement themselves.The 24-hour confidential helpline, offered in conjunction with PPC Worldwide – ...
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Article
The Private Health Partnership acquires Health Care Matters
The Private Health Partnership (PHP), part of the Skipton Building Society group, has acquired Health Care Matters for an undisclosed sum. The Health Care Matters portfolio has £1.2 million annual premium income with a national geographical spread.Jan Lawson, PHP’s managing director said Health Care Matters' existing clients are the firm's ...
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Grant Thornton launches wellbeing challenge
Grant Thornton has launched its biggest health and wellbeing event to date, known as the Global Corporate Challenge. Teams of seven employees will wear pedometers for 125 days and attempt to cover 10,000 steps each per day. There are 357 people, forming 51 teams, from almost all Grant Thornton offices ...
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Cadbury wins praise for its employee recognition strategy
Cadbury has been named as one of the the top 50 best workplaces in the UK because of its employee recognition practices.The global confectionery company, which employs more than 4,600 UK staff cross a number of sites, won the accolade from global management consultant the Great Place to Work Institute ...
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Employees who shower at work are more productive and creative
It would seem that having a shower can do more for a person than inspire them to sing badly-out-of-tune renditions of 80s pop songs.According to research, conducted by shower firm Mira Showers, employees who break for showers during the working day are 42% more productive and a third more creative.An ...
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Flagging pension system harming UK businesses
Weaknesses in Britain's private and state pension systems are putting UK businesses at a severe competitive disadvantage in Europe, according to a report from Aon Consulting.The research finds that other European models have withstood the shocks of the global downturn much better, putting companies based in these pension regimes at ...
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Danone ranked as the best place to work in the UK
Danone has been ranked as the best place to work in the UK because of its workplace culture of strong social responsibility and extensive range of health and wellbeing benefits.The dairy company won the accolade from management consultant firm Great Place to Work Institute after a survey conducted as part ...
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Tesco employees share GBP98m bonus pot
More than 207,000 Tesco employees will share a £98 million bonus pot after the retail giant reported profits of £3 billion for the last year.Workers, including checkout operators, drivers and managers will receive a payout, which follows the success of the retailer's share scheme. Around 66,000 employees who are members ...
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Article
EEF pilots health and wellbeing qualification
Manufacturers organisation, EEF, is piloting a new qualification aimed at helping managers improve the health and wellbeing of their employees.Its Management of Health and Wellbeing at Work qualification, which is accredited by the National Examination Board in Occupational Safety and Health, is designed to benefit employers who are seeking to ...
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Rushmoor Borough Council switches healthcare benefits
Rushmoor Borough Council has replaced private medical insurance (PMI) with a hybrid PMI and cash plan product in order to cut costs.It previously paid for PMI for all 40 employees, but made the switch in April due to significantly increasing premium costs.Under the terms of its new scheme, half of ...
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News analysis: Employers divided on how to manage swine flu
As the threat of swine flu looms larger employers have been urged to make sure they are well equipped to manage a possible outbreak.The threat-awareness level for swine flu currently stands at five out of a possible six. Many employers, however, have differing opinions about how much action is needed.Some ...
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Warwickshire Pension Fund appoints investment consultant
Hymans Robertson has been appointed to act as the investment consultant to the £850m Warwickshire Pension Fund.The role will involve the provision of investment advice in a variety of areas including fund strategy and manager selection.Phil Triggs, group manager (treasury and pensions) at the Warwickshire Pension Fund, said: “We have ...
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BT set to axe homeworking for 200 staff
BT has asked a proportion of its employees that work from home to come back to the office in a bid to improve the support and service received by its global services' customers. The firm, which has called upon around 200 employees working remotely for BT UK Global Services to ...
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Towry Law adds pre-paid debit card to flexible benefits
Towry Law has added a pre-paid debit card to its flexible benefits scheme in time for this year’s enrolment period.Employees at the wealth advisory firm could choose to either put part of their salary onto the card each month or to load it with any leftover flex allowance. When staff ...
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Buck Consultants granted Royal Warrant
Buck Consultants (Buck) has been granted a Royal Warrant for Her Majesty The Queen as Suppliers of Pension Systems.The Royal Warrant allows Buck to display the Royal Arms of Her Majesty The Queen, together with the words ‘By Appointment To Her Majesty The Queen, Suppliers of Pension Systems.'The Grantee, Mike ...
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AMII conference programme revealed
The Association of Medical Insurance Intermediaries (AMII) has announced the final programme for its 2009 Conference on Wednesday, 17 June at the 4 star Barcelo Hinckley Island Hotel just outside Coventry.The theme is ‘Promoting Professionalism’ and the programme will include two keynote speakers. Steve Jenkins, CII’s Business Development Director who ...
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Waltham Forest pension fund appoints Capita Hartshead
The London Borough of Waltham Forest Pension Fund has appointed Capita Hartshead as its administrator.†The pension fund, part of the Local Government Pension Scheme (LGPS), has around 16,500 members and over £330m in assets. The contract is for four years, with the option of a two-year extension.Speaking on behalf of ...
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Connaught introduces system to record drivers' mileage
Social housing and public sector service provider Connaught has introduced a mileage recording system for its 5,000-strong fleet.So far around 850 company car drivers and 500 cash allowance drivers have gone live on the system, which requires drivers to record their business miles electronically on a monthly basis.The information is ...
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Senior staff bear brunt of pay freezes
Research carried out by Mercer showed that employers are containing to invest in junior staff while senior managers and executives are bearing the brunt of salary freezes.Of the HR directors interviewed, 47% said their organisations had already instigated a salary freeze while 15% were considering it. A further 39% said ...