All Employee Benefits articles in Web Issue – Page 275
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Caroline Pearson appointed at BP
BP has appointed Caroline Pearson as a business partner responsible for reward for staff in the firm’s oil division. Before joining BP in August, Pearson was compensation and benefits manager Europe Middle East and Africa at Macquarie Bank for four years. From 2004 to 2005, she was executive compensation officer ...
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Matthew Webb joins Thomson Reuters
Thomson Reuters has appointed Matthew Webb as head of international benefits. Webb, who is due to take up his new role this month, joins the company from his position of head of UK benefits at UBS, where he has worked since 2001. Before that, Webb held an international benefits position ...
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Roger Fairhead at The Pru
Roger Fairhead is joining The Prudential this month. He was previously vice-president, head of international compensation and benefits at Sony Pictures Entertainment.
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Sandy Wilson in handover at Kellogg's
Sandy Wilson is leaving his role as interim European reward director at Kellogg’s this month. Kirsty Leyland, formerly head of reward and recognition at Asda, is now HR director, European reward at Kellogg’s.
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Simon Foster’s new Zurich role
Zurich Financial Services Group has appointed Simon Foster head of its corporate pensions business. He will be responsible for shaping the strategic direction of the business, helping to deliver its growth strategy, while strengthening relationships with key intermediaries and corporate customers. Foster joined Zurich in 1991, since then, he has ...
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The Financial Stability Board proposes bankers' bonus rules
Overall compensation packages for bankers could face strict regulation if an international body gets its way.The Financial Stability Board (FSB), a body of regulators and central bankers, will submit its proposals to the leaders of G20 nations when they meet in Pittsburgh next week.†The FSB's proposals include specific implementation guidelines ...
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British Airways staff take voluntary redundancy
British Airways has told 125 non-permanent cabin crew that their contracts will not be renewed beyond October, while a further 140 full-time cabin crew have accepted voluntary redundancy.The airliner said the moves were a part of its ongoing attempts to cut employment costs in unprecedented financial times which have seen ...
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Cost control is biggest factor when offering benefits
The top challenge employers face when offering employee benefits is controlling costs, according to research commissioned by reward technology provider Vebnet.The survey, which questioned reward and pension decision makers in 200 of the top 1,000 companies in the UK, found that 34% saw mitigating cost as the main consideration when ...
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Almost half of top CEOs agree to salary freeze this year
Almost half of chief executives in the UK's largest 100 corporates have agreed to freeze their salaries this year after almost a decade of unprecedented increases.An annual survey by law firm Addleshaw Goddard into FTSE350 executive pay and remuneration has found that 43.5% of CEOs have agreed to the freeze ...
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Friends Provident enhances online pension tool
Friends Provident has enhanced its online member pension product to help members of corporate schemes better understand their finances and manage their pensions online.The additions were made following feedback from customers, employers and intermediaries. Members can now access new tools to help them understand how much they need to save ...
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Aon Consulting: DC pension funds see improvement
Although the UK’s defined contribution (DC) pension funds have seen a £30 billion improvement to £485bn in the last month, but workers still face a ticking time-bomb according to Aon Consulting.Aon’s DC Pension Tracker for August shows expected retirement income for those now aged 60 to be just £12,021 per ...
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Health & Wellbeing
Health & Wellbeing: Comment by Debbie Lovewell, deputy editorHealth & Wellbeing: Providers braced for the demands of swine fluHealth & Wellbeing: Interview with Mike Izzard, chairman of the Association of Medical Insurance IntermediariesHealth & Wellbeing: Employers need strategies for prevention and cureHealth & Wellbeing: How to prove perks' cost-effectivenessHealth & ...
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The Pensions Regulator releases new guidance for employers
A new information leaflet for employers aimed at addressing the risks facing defined contribution (DC) scheme members has been launched today by the Pensions Regulator and the Financial Services Authority (FSA).The leaflet - ‘Guide for employers: talking to your employees about pensions’ - sets out questions that employers may be ...
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Kids get to work at theme park to learn value of reward
Child labour in Britain might have died out in the 19th century, but the firm behind a newly opened theme park in Japan clearly sees the value in youngsters knowing what a day at work feels like.KidZania, a scaled-down replica of a town in the Tokyo suburbs complete with a ...
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Watson Wyatt updates international benefits tool
Watson Wyatt has launched a new version of BenTrack, an online tool that helps multinational organisations manage the costs and risks associated with their benefit and compensation programmes across global operations.BenTrack enables multinationals to centrally manage benefit and compensation plan data from multiple countries, subsidiaries, divisions or employee groups.With local ...
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Rolls Royce staff order 1,659 bicycles
Rolls-Royce (RR) employees have ordered 1,659 bike packages at an average of £700 each, through a cycle-to-work scheme. This equates to £1.16 million worth of bicycles and cycle-related equipment.Richard Grigsby director of Cyclescheme, which runs the Rolls Royce scheme, said: “After a year of planning we were looking forward to ...
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NAPF launches Pension Quality Mark
The National Association of Pension Funds (NAPF) has today launched the Pension Quality Mark to help employers demonstrate the value of their defined contribution (DC) pension scheme.Marks and Spencer and IBM are among the first seven companies to be awarded the Pension Quality Mark, which certify that the companies’ DC ...
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Executive pay rises despite falls in company performance
Executive pay has risen despite a fall in company performance, according to research carried out by government body Pirc and investment firm Railpen.The Say on Pay: Six Years On report said that total remuneration has continued to grow even when markets had fallen.The report suggested that some shareholders have not ...
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Daily Mail and General Trust closes final salary pension to new joiners
Daily Mail and General Trust (DMGT) is closing its final salary defined benefit (DB) pension scheme to employees that join the firm from October.The media group said the changes had been prompted by future projections of increased life expectancy and other cost pressures.Around 4,000 employees who are already in the ...
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Symbian Foundation launches online flexible benefits
Newly formed non-profit organisation the Symbian Foundation has launched an online flexible benefits scheme for its employees.The Symbian Foundation, a collaborative organisation which is committed to improving mobile device technology, has teamed up with Thomsons Online Benefits to offer the flex scheme its 80 staff.The new scheme includes core benefits ...