All Employee Benefits articles in Web Issue – Page 265
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Medicare International launches new expat health insurance
Medicare International has launched a new private health insurance policy targeted at working and retired expatriates of all nationalities around the world.The new policy option allows clients to choose between four levels of cover, while also offering extra benefits in areas such as maternity care, pregnancy cover and childhood vaccinations.Designed ...
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Lloyds TSB could close final salary pension scheme
Lloyds TSB Banking Group could close its defined benefit (DB) pension scheme as part of a wider review of benefits triggered by its acquisition of HBOS.The review includes both Lloyds TSB and HBOS employees but the group has confirmed that proposals have not been finalised and consultations are not yet ...
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New A-to-Z list of expenses and benefits for employers
HM Revenue and Customs has launched a new A-to-Z guide of expenses and benefits, to enable employers to check their tax, NICs and reporting requirements for each type.Each page links to the relevant technical manuals for employers needing very detailed information.Read Expenses and benefits A to ZView other articles on ...
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Xafinity Paymaster harnesses new technology for pensions administration
Xafinity Paymaster has signed an agreement with business and systems solutions company, Altus and virtual banking technology provider, CashFac to extend the benefits of straight-through processing (STP) for the defined contribution (DC) pensions market.The partnership is designed to link DC fund unit reconciliation and cash management, which will streamline processes ...
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London Borough of Hounslow appoints Capita Hartshead
The London Borough of Hounslow has appointed Capita Hartshead to provide administration and advice on scheme regulations for the Hounslow Pension Fund.The fund is part of the Local Government Pension Scheme (LGPS) and the contract will run for ten years.Councillor John Todd, chair of the Hounslow Pension Fund Panel, said: ...
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Emap outsources benefits, HR and payroll processes
Emap has outsourced all HR, payroll and benefits delivery to NorthgateArinso as part of its wider strategic plan to outsource all IT, finance and HR services, enabling the firm to focus on its objectives for growth.Key elements of the outsourced package include self-service, which enables staff to manage their own ...
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Accor Services launches online voluntary benefits platform platform for SMEs
Accor Services has launched an online voluntary benefits platform specifically targeted at companies with less than 500 employees.MyWorkOffers contains more than 200 offers at any one time, including discounted shopping vouchers for more than 20 high street stores and supermarkets.Andy Philpott, marketing director at Accor Services, said: “The service can ...
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Britannia Building Society invites staff to walk for Alzheimer’s charity
Britannia Building Society has invited its 4,000 employees to take part in memory walks to raise money for the Alzheimer’s Society.This is the second time the firm has taken part in the fundraising event, supported by Simplyhealth, which will see around 120 walks take place across the UK in September.Last ...
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Health and wellbeing providers gear up for swine flu
Health and wellbeing providers are gearing up for increased demand caused by swine flu, following government warnings that there could be 100,000 new cases of swine flu each day by the end of August. Furthermore, figures from absence management company FirstCare says employees infected with the virus are taking an ...
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Gender pay gap widens after 10 years of progress
The gender pay divide is widening again after 10 years of narrowing, according to a report from the Women and Work Commission.Figures for median earnings, which take into account full and part-time work, show that women are paid 22.6% less than men. The commission said that although this figure has ...
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NSPCC closes final salary pension scheme to existing members
The National Society for the Prevention of Cruelty to Children (NSPCC) is to close its final salary pension scheme to existing members.The move comes in order to mitigate the pension liabilities and the level of financial risk it presented the organisation. The charity said it could not afford to let ...
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Pension Protection Fund offers short-term reprieve for large plans
The Pension Protection Fund (PPF) has offered short-term reprieve for large schemes and says it could run a deficit for decades.It announced yesterday that it will delay its plans to make the largest pension schemes provide a bigger share of the money it collects through levies by at least a ...
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Staff get ready for Hug Your Boss Day on 21 August
Managers may find they experience a sudden surge in popularity later this month on National Hug Your Boss day.Online job board Tiptopjob is encouraging staff to throw caution to the wind, and get up close and personal with their boss on 21 August in a bid to boost workplace motivation ...
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Sky rewards staff with festival of fun
Sky is rewarding its employees for delivering strong results in tough times with Skyfest – an ambitious music and entertainment festival.This follows on from awarding all permanent staff members 100 free shares in January to vest in 2012, giving them a stake in the future success of the business to ...
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CIPD research: Poor reward communication seen as big threat
Poor communication of reward is seen as the most common threat to organisational performance associated with pay and reward, according to a survey commissioned by the Chartered Institute of Personnel and Development (CIPD).Despite the media and regulatory spotlight on the dangers posed by bonuses around encouraging poor behaviour and performance, ...
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Active Health Partners launches absence risk barometer
Active Health Partners (AHP) has launched an absence risk barometer to help employers quantify the risk of absence to business operations in their organisation.The guide creates a simple risk estimate (SRE) for reasons of absence. This produces a risk profile for specific sectors, companies and departments, allowing employers to implement ...
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Freshfields Bruckhaus Deringer adds salary sacrifice car arrangement to flexible benefits
Law firm Freshfields Bruckhaus Deringer has added a salary sacrifice arrangement around cars to its flexible benefits plan to enable more of its 1,800 staff to have access to a company car.Through the salary sacrifice car scheme, provided by Tusker, staff can save up to 40% on income tax and ...
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Molson Coors Brewing Company aims to increase driver safety
Molson Coors Brewing Company is issuing Permits to Drive to more than 1,000 drivers across the company to ensure maximum occupational road risk management compliance.The UK's second largest brewer has teamed up with Fleet Supports Group and will use the latter's web-enabled RiskMaster programme to issue to permits.The company’s 900 ...
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Busy Bees Childcare Vouchers set for branding change
Busy Bees Childcare Vouchers will be rebranded as Computershare Voucher Services as it is integrated into the Computershare Group.The rebranding process, which begins this month, will drive developments within the business in areas such as technological growth, the administration of childcare vouchers and increased use of the internet to give ...
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Benefits Surgery: Default funds for defined contribution pensions
As an employer, what legal obligations do we have if the default fund of our defined contribution (DC) pension turns out to be a poor investment?In strict legal terms, employers do not have any particular legal obligation to select or monitor a default fund. But that may be a moot ...