All Employee Benefits articles in Web Issue – Page 305
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Employee Benefits/Towers Watson Flexible Benefits Research 2010
Research: who are the respondents; key findingsResearch: attitudes to flexible benefitsResearch: structure of flexible benefits schemesResearch: flexible benefits on offerResearch: tax-efficient flexible benefitsResearch: how flexible benefits schemes are administeredResearch: alternatives to flexible benefitsSponsor’s comment: Using flexible benefits can pay off in a period of change Editor’s commentAs employers have continued ...
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Workplace offers potential in tackling obesity crisis
The health and wellbeing of staff is key to solving the UK’s obesity crisis, according to the results of a new pilot scheme by Unilever.Against this backdrop, in 2009, Unilever launched Fit Business, a workplace health pilot to help more than 1,677 Unilever employees in factory and office setting improve ...
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Employee-owned companies outperform all-share companies
Employee-owned companies outperformed those from the FTSE all-share index in 2009. The employee-owned firms boasted a 54.4% share price rise compared to 25% increase among the FTSE cohort, according to the UK Employee Ownership Index (EOI) report, published by law firm Field Fisher Waterhouse.Analysis of the last decade shows that ...
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Staff earning £100k or more to be hit by higher tax from 6 April
The looming increase in income tax rate to 50% for the higher paid will lead to a decrease in employee salaries and bonuses paid after 5 April.Also affected are pensions and other fixed incomes due to be paid after 5 April, an increase in the employee national insurance rate, and ...
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Tata named national employee savings trust administrator
The Personal Accounts delivery Authority (Pada) has confirmed that Tata Consultancy Services (TCS) will administer the national employment savings trust (Nest).The contract, which will be signed later this month, is divided into two stages and runs for 10 years, with possible extensions for up to five more years. The first ...
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Comet awarded Pension Quality Mark
Electrical retailer Comet’s pension scheme is the latest to receive the Pensions Quality Mark (PQM) from industry body the National Association of Pension Funds (NAPF).Comet's defined contribution (DC) scheme has 3,000 scheme qualifying for a company contribution of at least 7.5%.Julie Hendey, head of human resources at Comet said: “We ...
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E.On appoints Cardano as pensions adviser
Energy company E.On has selected Cardano to advise on investments for its £5bn defined benefit pension scheme.Cardano will advise trustees on all aspects of the group’s investment arrangements, including asset allocation, liability hedging and manager selection.Neil Smith, chief executive of the E.On UK pension scheme, said: “We chose Cardano because ...
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Grove Pensions Solutions appoints Steve Delo to chair governance committee
Grove Pensions Solutions (GPS), the specialist defined benefit (DB) pension consultancy, has appointed Steve Delo, chief executive of Pan Governance, as chair of the Grove governance and risk management committee.The committee has been established to provide governance oversight over key service providers on behalf of Grove's clients.Ken Tymms, corporate pensions ...
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Staff salaries see highest growth in 20 months
The rate of inflation of permanent staff salaries accelerated to a 20-month high in February, according to February’s Report on Jobs published by the Recruitment and Employment Confederation (REC) and KPMG.The report also found employees are able to demand higher levels of pay. In some cases, these higher salaries were ...
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Asda agency staff to get same pay as permanent workers
Asda’s temporary workers are set for the same pay as permanent staff under a deal struck by the supermarket and Unite, the trade union.The move, which will see about 6,000 workers win improved pay, comes before a European directive takes effect next year.In the past, Unite has attacked food retailers ...
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Singer Mouskouri to donate pension
Singing superstar Nana Mouskouri is doing her bit to address the Greek tragedy of her home country’s finances by donating her European Parliament pension to ease pressure on the Hellenic public purse.Mouskouri, who as well as selling more than 300 million records somehow found time to serve as a Euro ...
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Disney staff help to plant Magical wood
Mickey Mouse joined 300 Disney Store employees from all over the UK to plant the first 7,500 of the ‘Magical Wood’, 50 acres of woodland which forms part of the Woodland Trust’s Heartwood Forest.Once planted, the forest, near Sandridge, Herts, will become England’s largest new native hardwood.Since announcing its collaboration ...
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MPs’ salaries to rise 1.5%
Members of parliament will get a rise of nearly £1,000 in their basic salary from 1 April, increasing their pay to £65,737 a year.A more generous pay rise was recommended by Bill Cockburn, the chair of the senior salaries review body (SSRB), as part of the annual review of public ...
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Rugby Football Union to offer corporate gift cards through SVM
Gift card provider SVM Europe has added the Rugby Football Union (RFU) to its portfolio of providers.The Rugby Store gift card, operated by the RFU, can be used to purchase merchandise via RFUdirect.com or at the Twickenham Stadium and town centre stores.Jane Barron, licensing and marketing manager at the RFU, ...
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CN Group appoints Punter Southall to provide pension services
The CN Group has appointed consulting actuaries and administrators Punter Southall to provide all pension scheme services.The selection took place through a competitive tender process.Serving the newspaper group's two defined benefit (DB) schemes, which total £21m and boast 650 members, Punter Southall will provide actuarial, administration, benefit consultancy, trustee secretarial ...
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Staff engagement 'biggest concern' for HR in legal sector
Staff engagement is the biggest issue HR teams in the legal sector are concerned about.A third of law firms said employee engagement was of ‘great concern’ to them with a further 48% saying it was a concern for them.According to the The HR in Law Employee Benefits Key Issues Survey ...
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Accor Services - Communicate to Benefit
An effective benefits communication strategy will increase participation, improve engagement, and ultimately determine the ROI of your benefits spend.‘Communicate to Benefit', combines the latest research findings with top tips and the views of industry experts, including:The key challenges todayWhy technology should be utilised alongside traditional methodsAn 11 point action planWhether ...
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Woolworths trustee appoints Capita Hartshead for PPF transition
The trustee of the Woolworths Group pension scheme has appointed Capita Hartshead to guide the scheme through the Pension Protection Fund (PPF) assessment.This process will be carried out by the firm’s specialist discontinuance service team, which is currently guiding roughly 100 pension schemes through the winding-up process.Kenneth Donaldson, Capita Hartshead’s ...
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Bank of America employees to donate time to charity
Almost 300 Bank of America employees will take to the company’s Europe Card Services’ (ECS) call centre phones to collect donations for Sports Relief.The response to be a part of the sporting charity event, which will take place on Friday 19 March, was so overwhelming that the Bank of America ...
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Virgin Atlantic staff climb Mount Kenya to raise money
Sixty Virgin Atlantic staff have climbed Mount Kenya, raising over £35,000 to support the airline’s adopted Kenyan village.Steve Ridgway, chief executive for Virgin Atlantic, said: “I am very proud to see that so many staff took part in this gruelling challenge.The fact that so many of them completed the climb ...