All Employee Benefits articles in Web Issue – Page 257
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House of Lords rules that holiday pay can be accrued by staff off sick
The House of Lords has ruled that employees can accrue holiday pay while on sick leave in the final judgement of the Stringer v HMRC case. The decision means that workers on long-term sick who are denied holiday pay can pursue a claim to an employment tribunal for unauthorised deduction ...
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Employee Benefits Summit 2009 – Speaker slides
Below are the slides from some of the speakers at the Employee Benefits Summit 2009Communicating Pension and Savings Benefits to EmployeesGraham Vidler, Deputy Chief Executive, Personal Accounts Delivery AuthorityDownloadThe Health of the UK’s Working Age Population in a Recession – Latest Government InitiativesWill Cavendish, Director – Cross Government Obesity Programme, ...
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Britannia Building Society's pension trustees file High Court Claim against advisors
Law firm Eversheds, financial adviser Sedgwick Noble Lowndes and consultancy firm Mercer are facing potential legal action from the pension trustees of the Britannia Building Society, reports The Lawyer.Read full story here: Pensions time bomb threatens A&O, EvershedsSummary of The Lawyer report:Employee Benefit’s sister title The Lawyer has reported that ...
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BBC stars warned to expect pay cuts
There is nothing like a global recession and spirited dose of industrial action to bring flush broadcasting stars a little closer to the more self-effacing world inhabited by the rest of the working population.Some of the BBC's biggest stars, including Sir Terry Wogan and Bruce Forsyth were summoned to a ...
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Employees are unengaged with personal accounts
Employees are still unengaged with personal accounts, according to ongoing research published by JLT Benefit Solutions (JLT).The report shows that awareness of personal accounts has remained largely unchanged over the six month period since JLT's first piece of research, though there was a slight increase in the number of employees ...
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British Airways asks staff to work for free
Employees at British Airways (BA) have been asked to support the airline's cash saving efforts by volunteering to work for free, take unpaid leave or work flexibly.†The airline's 40,000 staff have been asked to volunteer to take up one of these option in an article that appeared in its internal ...
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Henkel International appoints BlackRock as fiduciary manager
Henkel International, the Dusseldorf-based brands and technologies company with 55,000 employees in 75 countries, has appointed BlackRock as its fiduciary manager.The mandate covers €2bn of assets across five pension schemes: Germany, US, UK, Ireland andthe Netherlands. This landmark appointment is the first time the entire asset management of amultinational company’s ...
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Bupa launches a cycle to work scheme
Bupa has launched a cycle to work scheme for 6,000 employees as part of efforts to reduce carbon emissions and improve staff fitness.The scheme, which went live last month, allowed participating employees working across the membership, central and international areas of the business, to buy bikes via a salary sacrifice ...
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Lindsay Tomlinson appointed as NAPF chairman
Lindsay Tomlinson has been elected as the new chairman of the National Association of Pension Funds (NAPF).Tomlinson will take over from Chris Hitchen, whose two-year term of office ends at the NAPF Annual General Meeting on 16 October 2009. He is vice-chairman of Barclays Global Investors Europe and was awarded ...
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Overpaid Barclays worker to keep higher salary after legal win
A Barclays worker who was paid double her salary by mistake for three years will continue to receive the amount after a legal victory over the bank.Natasha Keenan, who works for 19 hours a week at the bank's offices in Dartford, Kent, received approximately double her £19,246 pro-rata salary due ...
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Capita Hartshead acquires Gissings Consultancy Services
Capita Hartshead has acquired Gissings Consultancy Services (Gissings) for an undisclosed sum.The move is intended to add further capacity and expertise to Capita Hartshead’s actuarial and pensions consultancy business, especially in London and the south-east.Mike Addenbrooke, managing director at Capita Hartshead, said: “We are delighted to welcome Gissings to Capita ...
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BA pilots set to take pay cut for shares
British Airways (BA) pilots are set to vote in favour of a deal that will see them take a pay cut in exchange for company shares in order to cut payroll costs at the airline.Pilots will each take a wage cut of 2.61% on their basic pay in October this ...
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Samworth Brothers appoints Barnett Waddingham for pension services
Chilled food producer Samworth Brothers has appointed Barnett Waddingham to provide actuarial and pension administration services to its defined benefit (DB) scheme.The company, which produces chilled food under the Ginsters brand as well as supermarket own brands, operates an open DB scheme, which has over 5,000 members.Craig Stansfield, partner at ...
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BMW encourages staff to buy cars to boost sales
BMW has taken a novel approach to boosting sales by trying to encourage more of its own employees to buy its cars.The carmaker distributed 7,000 postcards to workers in Germany who do not drive a BMW or Mini, leaving them on the windscreens of vehicles made by rival brands in ...
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Sky teams up with the Samaritans in CSR programme
Engineers from British Sky Broadcasting have helped renovate a hall owned by the Samaritans as part of the company’s corporate social responsibility programme, The Bigger Picture.The North London building, Shaftesbury Hall, was bought by the Samaritans in 1977 but has remained unused as there were no funds or resources available ...
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Dairy Crest pension fund buys second bulk annuity
Dairy Crest has announced that its pension fund has purchased a second bulk annuity, which insures the balance of liabilities for pensions in payment.Mercer was the investment consultant for the deal. Kevin McLaughlin, a principal in Mercer’s financial strategy group, said: “Getting the deal right involved a lot of detailed ...
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London Lite holds awards ceremony for vendors
Free London newspaper the London Lite has held an awards ceremony to recognise the work of its distributors.Its annual London Lite Merchandiser Awards, which are in their second year, awarded vendors in categories such as Merchandiser of the Year, Best Product Presentation, Most Environmentally-Conscious Merchandiser and Team Leader of the ...
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Goodwin returns GBP200,000 a year from pension
Former Royal Bank of Scotland (RBS) chief executive Sir Fred Goodwin has bowed to public pressure and agreed to hand back some of his pension.The move will see him taking a cut of more than £200,000 a year, bringing his annual pension down from £555,000 to £342,500. Originally his pension ...
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Computershare clients sweep top honours at Global Equity Organisation Awards
This article is supplied by our channel sponsor, ComputershareComputershare (ASX:CPU) is delighted to announce that two of its clients were awarded prestigious accolades at the 2009 Global Equity Organisation Awards in Paris on Thursday 11th June.Royal Dutch Shell (EURONEXT:RDSA) won the award for ‘Best Plan Effectiveness’, reflecting its achievements in ...
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Debi O'Donovan, editor of Employee Benefits: Employers have gone back-to-basics with their benefits strategies
When judging for the 2009 Employee Benefits Awards, which takes place on 26 June 2009 it quickly became clear that employers have made a mass to return to good old fashioned benefits delivery. After several boom years where each scheme launched or relaunched appeared to outdo the last with clever ...