All Employee Benefits articles in Web Issue – Page 326
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Analysis
Pensions roundtable: Financial education is vital
Getting staff interested in financial matters is not easy, but it is a necessity when it comes to pensions, says Matthew CraigAs any compensation and benefits professional knows, the level of financial knowledge among today's employees varies hugely.Some staff may want online access to their pension pot to implement their ...
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Article
Twinings outsources fleet management
R Twining and Company has outsourced the management of its 120-vehicle UK fleet.The tea company previously managed its fleet in-house. It has appointed Zenith Provecta to manage its fleet and provide full servicing and maintenance, breakdown and accident management.Kirsty East, category manager for Twinings, said: "The reason we made the ...
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Article
AA rebrands its flexible benefits scheme
The rebranding follows a year in which the AA imposed a pay freeze for managers and a salary increase, based on a 1% pay deal, for the rest of its staff. The flex plan, called Club FlexSa, is provided by Benefex and features three themes under which benefits are grouped: ...
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Article
Conservative/Liberal Democrat government outline measures affecting shares and pensions
The Conservative/Liberal Democrat government's The coalition: our programme for government, published last month, outlined a number of measures that will affect employee benefits, particularly pension and share schemes.One initiative is to tax non-business capital gains at rates similar, or close to, those applied to income. The tax will apply only ...
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Article
Salaries offered to new joiners fall
While employer demand for new UK workers rose by 1% in May, the salaries on offer for new jobs dropped by 3% compared to the previous month. According to the Reed Job Index, which is based on data from reed.co.uk and tracks the number of new job opportunities on offer, ...
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Article
Eaton Corporation re-launches voluntary benefits book
Industrial manufacturer Eaton Corporation has re-launched its voluntary benefits book for its 3,500 employees.The company re-launched its benefits book in conjunction with the Personal Group to ensure employees are kept up to date with the benefits available to them.The voluntary benefits book was originally launched two years ago but Eaton ...
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Article
Flexible working is most popular benefit
Flexible working is the most valued benefit for employees, ahead of bonuses according to research by PricewaterhouseCoopers (PWC).Its Managing Tomorrow’s People found flexible working arrangements were rated the most important benefit by 47% of respondents, compared to performance-related bonuses which came second (19%).The results come as the new coalition government ...
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Article
BAE Systems appoints Xafinity to administer pension schemes
BAE Systems has appointed Xafinity Paymaster to provide adminstration services across five of its pension schemes which cover more than 200,000 members.Nick Hubbard, pensions project director at BAE Systems, said: “Xafinity Paymaster demonstrated a long-term commitment to the pension scheme administration market with a clear strategy of ongoing investment in ...
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Article
Eyecare Trust and Simplyhealth launch optical health campaign
Nine out of ten employers fail to safeguard employees’ eye health in the workplace.Following the results of a study by national sight charity the Eyecare Trust and healthcare provider Simplyhealth, the two organisations are to launch the ScreenSmart campaign, which will provide employers with practical advice and resources to help ...
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Article
The Big Question: Does shareholder resistance impact on executive bonuses?
We ask the experts for their answers... have your say online at the Employee Benefits forumMarc Jobling, assistant director of investment affairs at the Association of British Insurers:The dialogue between shareholders and board remuneration committees is constructive in most cases, and where shareholders have concerns, they are generally listened to.The ...
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Article
Friends Provident launches absence service for group risk customers
Friends Provident has launched a new group risk product that will offer help and advice for both employers and employees on sickness absence.The support package - free to all new and existing group income protection policyholders - is aimed at helping organisations reduce absence in the workplace. With the average ...
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Article
Alico launches interactive health service clinic
Alico Employee Benefits has launched an interactive health service clinic as an add-on to its group insurance benefits products.The interactive service, MedClick, has been launched to help employers encourage a healthier and more proactive workforce by offering employees assistance in managing their health needs.MedClick offers 24-hour direct access to a ...
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Article
Risk and Reward Group acquired by US firm
Risk and Reward Group has been acquired by Arthur J. Gallagher and Co., a US-based insurance brokerage and risk management services firm.Risk and Reward Group is an employee benefits consultant and insurance broker offering a range of employee benefit design and implementation, risk broking and management, absence and claims management, ...
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Case Studies
Case Study: Fidelity
Fidelity National Information Services achieved good results by using face-to-face methods to communicate its group personal pension (GPP) scheme.After a number of acquisitions, the company wanted to harmonise its pensions and provide a new, more competitive scheme. Julie Chell, HR director for EMEA, says: "We were concerned people did not ...
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Case Studies
Case Study: Weil, Gotshal and Manges
International law firm Weil, Gotshal and Manges uses a consultant with knowledge of its industry to help calculate its salary sacrifice figures.Thea Gaunt, head of human resources, says: “An employee benefits consultancy that has detailed knowledge of the industry can be invaluable to validate realistic figures. We work with consultants ...
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Case Studies
Case Study: Azzurri Communications
Azzurri Communications introduced a flex scheme last year and works with the plan provider to stay on top of the salary sacrifice savings.Noel McGonigle, HR director, says: “Our provider looks after the sums for us. We do monitor the savings, though, by reviewing the savings reconciliation of the benefits scheme ...
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Case Studies
Case Study: Bupa
Bupa offers its staff a range of volunteering opportunities, including team-building challenges that highlight causes close to employees' hearts, teaching local schoolchildren about healthy eating, and an international biannual charity project.Bupa's first project in 2007 saw 60 employees travel to northern Thailand to work in an orphanage. Almost all (98%) ...
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Case Studies
Case Study: Barclays
Barclays Bank offers its employees a range of charitable benefits.The bank has offered a payroll giving scheme since June 1987, and introduced matching contributions in 2002. In 2009, more than 9,500 employees and pensioners donated through the scheme, provided by Workplace Giving UK.The bank was also the first employer to ...
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Case Studies
Case Study: TD Waterhouse
Stockbroker TD Waterhouse International knows the importance of keeping staff in smaller offices motivated. The firm’s headquarters is based in Leeds, but it has smaller offices in Manchester, Birmingham, London and Luxembourg. Just six staff are based in its London office.Ann Broughton, senior manager HR, facilities and procurement, says keeping ...
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Article
Pension deficits fell by £7 billion in May
UK organisations’ pension deficits shrunk by £7 billion during May, according to figures from Towers Watson.In addition, UK equities have so far returned minus 6.1%, making May the worst monthly return since February 2009 and the second worst since the height of the financial crisis. This contributed to an estimated ...