All Employee Benefits articles in Web Issue – Page 313
-
Article
Pensions Summit: Good governance vital to pensions success
Good governance and employee engagement are vital to the success of defined contribution (DC) pension schemes, says The Pensions Regulator.Employers need to be mindful of the role they play in pension provisions to help increase member understanding, said Darran Burton, practice manager, The Pensions Regulator.Addressing delegates at the Employee Benefits ...
-
Article
Pensions Summit: UK compares favourably to other OECD countries on pensions
In the UK the gap between income earned during working life and pension paid out during retirement is greater than that of all other developed countries.While retirement earnings in the UK are low, the country has been praised for offering people access to diversified retirement pension income streams made up ...
-
Article
Most organisations support work-life balance
A large majority (86%) of employees say their employer supports their work-life balance, according to a new survey.Conducted by office support recruitment company Tate, the survey polled 308 people, finding that endorsing a work-life balance leads to increased productivity and reduced absences.Jo Edwards, Tate’s managing director, said: “Where, in most ...
-
Article
Leading reward managers attend Employee Benefits Pension Summit 2010
More than 50 leading reward managers from the UK’s most prominent organisations have gathered at the Employee Benefits Pensions Summit 2010 this week.Shell, IBM, GlaxoSmithKline and Sony are among the companies at the event, Shaping the Future of Workplace Retirement Savings, which is being held at Pennyhill Park in Surrey. ...
-
Article
Pensions Summit: hard hitting action needed to get employees saving
Robust financial education programmes, the promotion of share schemes and hard hitting advertising campaigns are all needed to minimise the impact of an ageing population and get today’s workforce saving for enough for their retirement.These were the views expressed by employers and pension experts during a panel debate on pension ...
-
Article
P&MM withdraws Greentravel2work scheme
Benefits provider P&MM has been forced to withdraw its Greentravel2work bus travel product following confirmation from Her Majesty’s Revenue and Customs (HMRC) that the benefit-in-kind tax exemption will no longer apply in certain circumstances.In an email to clients, Steven Guthrie, product manager in P&MM’s employee benefits division, said that following ...
-
Article
Sickness presence more costly than sickness absence
More employees reported one day of sickness presence (45%) than those who reported one day of sickness absence (18%) in a one month period, according to a report from The Work Foundation, which was commissioned by Axa PPP Healthcare.The report, Why do employees come to work when ill? An investigation ...
-
Article
Sutcliffe Play now owned by its employees
Sutcliffe Play, the designer and manufacturer of playground equipment, has handed ownership of its organisation over to its employees.Former owner Robin Sutcliffe chose to channel £800,000 of the total buyout sum back into the organisation, while 90 staff members invested their own money into Sutcliffe Play.Sutcliffe said: “Employee ownership has ...
-
Article
Aviva adds expert commentary to group risk website
Aviva UK Health has updated its group risk website with 20 pages of new content, including 30 video clips of experts discussing a range of topics related to group risk, such as early intervention, claims management and rehabilitation.Designed to inform and educate employers on the benefits of selling group risk, ...
-
Article
Employee Benefits Pensions Summit: Employers must address tax changes for higher earners to remain competitive
Organisations have to be pro-active in light of the cuts to tax relief affecting the pension pots of higher earners to remain competitive.This was the message that Jeremy Mindell at Henderson Global Investors construed to delegates attending his presentation at the Employee Benefits Pensions Summit held at Pennyhill Park in ...
-
Article
Aegon: pensions crucial election issue
More than four in five people (81%) think pensions are more important or at least as important in this general election compared to the election five years ago.Research carried out for Aegon by YouGov also showed that 59% of respondents believe the government should do all it can to maintain ...
-
Article
Panasonic introduces payroll and HR system
Panasonic Europe has introduced a new payroll and hosted HR system which will be available to five Panasonic companies based across three UK offices.The system, called ResourceLink Aurora and supplied by NorthgateArinso, is accessible through a web browser and does not require any on-premise footprint.Richard Mills, head of UK HR ...
-
Article
Halfords seeks employee willing to sleep on the job
Those caught sleeping on the job can usually expect to receive the harshest punishment, but at outdoor leisure chain Halfords, one new staff member will be actively encouraged to be caught napping.The company is looking for a sleeping bag tester to put their latest models through their, er, paces.The job ...
-
Article
State Street Corporation teams up with PensionsFirst Analytics
Financial services provider State Street Corporation has formed a strategic alliance with risk management and advisory firm PensionsFirst Analytics (PFA).This will enable State Street to offer PFA's newly-enhanced service for the management of defined benefit (DB) pension risk.PFA's web-based service PFaroe provides an actionable view of plan assets and liabilities ...
-
Article
Employee Benefits Summit 2010: Shaping the Future of Workplace Retirement Savings
More than 50 leading reward managers from the UK’s most prominent organisations, such as Shell, IBM and Glaxosmithkline gathered at the Employee Benefits Pensions Summit 2010 at Pennyhill Park, Surrey on 13-14 April. The Summit, Shaping the Future of Workplace Retirement Savings, focused on defined contribution (DC) pensions and where ...
-
Article
Half of employers in favour of keeping current default retirement age
Half of employers believe the default retirement age should be kept at its current level of 65 years, according to research conducted by law firm DLA Piper.However, nearly one in three (30%) of the 545 UK business leaders working for organisations with a turnover of above £1 million that responded ...
-
Article
Support waning for 2012 pension reforms
Support appears to be declining for the government's pension reforms due to be introduced in two years' time.From 2012, the national employment savings trust (Nest) will see employees automatically enrolled in a pension scheme unless they choose to opt out, and Nest will cover staff whose employers do not have ...
-
Article
Top 10% of workers see wages increase over the past decade
The top 10% of workers in the UK have their annual wages rise by 3% over the past decade according to research from the London School of Economics (LSE).Its report Bankers' Pay and Extreme Wage Inequality in the UK from the Centre for Economic Performance (CEP) at LSE showed that ...
-
Article
Harbour and Jones rewards long service with a duvet day
Catering firm Harbour and Jones is offering a duvet day to its employees with more than five years' service.Six employees will take advantage of the inaugural free duvet day, as the catering company has only just reached its six-year anniversary. The reward will be offered annually to any of its ...
-
Article
Steinway and Sons selects pension scheme trustee
Steinway and Sons has appointed Pitmans Trustees as the independent trustee to its pension scheme.The appointment marks the first time the piano maker has used an independent trustee.Philip Stowell, financial controller of Steinway and Sons UK, said: “Pitmans Trustees brings a fantastic dynamic to our pension scheme. Not only is ...