All Employee Benefits articles in Web Issue – Page 339
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UK ranks highly on flexible working and work-life balance
British employers are among the top in Europe on flexible working and work-life balance.The UK has scored a ‘B’ grade when it comes to flexible working and work-life balance, according to the Family and Parenting Institute (FPI).The charity’s Family-Friendly Report Card showed British employers are top among European nations in ...
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Projected annual income at retirement has fallen
Over the last two years, the projected annual retirement income for a 60 year old has fallen by more than £3,000, while 65 year olds can expect to live on barely half the amount suggested as an acceptable living standard.According to the Aon DC pension index the proposed one-year increase ...
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Corpore launches health service to reduce staff absence
Rehabilitation and injury management company Corpore has launched new health services to help employers reduce staff absence levels.It has launched fit note coaching to manage the an employee's return to work, and is broadening its health surveillance services to include pre-employment and workplace screening, lung screening and drug and alcohol ...
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Jeyes appoints fiduciary manager for pension scheme
The £22 million Jeyes Pension Fund and the £2.6 million Jeyes Supplementary Pension Scheme has appointed SEI as fiduciary manager to improve the funding position of the pension scheme.SEI will implement asset and liability matching strategies and create an efficient investment portfolio, as well as develop a strategy to improve ...
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Marley appoints Mercer to consult on pension schemes
Marley has appointed Mercer to provide actuarial and consulting services for its defined benefit (DB) and defined contribution (DC) pension schemes.The plumbing and drainage organisation has more than 8,000 members in the two schemes with combined fund values in excess of £500m.Read more articles on pension schemes
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Article
Mental Workout launches online tool to reduce employee stress
Mental Workout has launched a new web-based stress management programme for employees to help employers increase productivity and reduce absenteeism.Its Freedom from Stress programme offers strategies and exercises for eliminating stress and enhancing overall wellbeing, which can be downloaded to a mobile device, computer or CD.Employees can complete a personal ...
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One-fifth of staff have no financial protection if they cannot work
One fifth (21%) of UK employees have no financial back-up plan in place in the event that something unpredictable happens, according to new research from Unum.The research shows that almost half of UK workers have been off work for more than a week due to illness or injury at some ...
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Uniq's recovery plan for final salary pension rejected by regulator
Uniq's plans to tackle its final salary scheme's deficit have not been accepted by The Pensions Regulator.In April, the chilled food manufacturer made an agreement with its trustees that in 2013 it would pay off an minimum of £10 million a year to pay of its part of its £436 ...
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Metropolitan Housing Partnership introduces flexible benefits
The Metropolitan Housing Partnership has introduced a flexible benefits scheme for all employees.The housing association launched the scheme in order to offer employees more choice and flexibility around benefits.The scheme, which was launched in June, is provided by Lorica. Rather than providing staff with a flex allowance to spend through ...
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Article
Hewitt Associates to acquire US-based EnnisKnupp
Hewitt Associates has entered into a definitive agreement to acquire EnnisKnupp, a US-based provider of investment advisory services.The news comes just one week after Hewitt announced it would merge with the global consultancy arm of Aon Corporation in a transaction worth $2.9 billion.Russ Fradin, chairman and chief executive officer of ...
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Aegon signs deal with wrap technology provider
Aegon UK has signed a deal with GBST, a provider of wrap technology systems, to help it deliver at-retirement and workplace savings services.The agreement will see the implementation of GBST’s Composer and ComposerWeb systems, which offer providers online reporting and transactions, office administration and investment dealing.Andy Marchant, marketing director at ...
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Employee benefits providers team up to raise money for charity
Employee benefits providers are uniting to raise £30,000 for childhood cancer charity, the Neuroblastoma SocietyOver 100 employees from intermediaries and insurers will join cricket stars to play 18 holes at the Princes Golf Club in Kent in September.The third Lorica golf charity day will see Axa, Bupa, Groupama, Canada Life, ...
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Damaging drinking culture encouraged by employers
Well-meaning employers could be damaging the health of their workers by encouraging social events involving drinking, according to new research from Aviva.In its fourth Health of the Workforce report, Aviva found 57% of business leaders claim socialising at work usually involves going to the pub for drinks.Although 45% of respondents ...
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Universities' pension reforms approved by scheme trustees
The trustees for the Universities Superannuation Scheme (USS) have approved the employers’ proposals for scheme reforms.The decision comes two weeks after the Joint Negotiating Committee of the USS, which is the principal final salary pension scheme for university and higher education employees, confirmed the proposals would be recommended to the ...
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Employees given chocolate for switching off computers
Council employees in Gloucestershire have been rewarded with chocolate simply for turning their computer off at the end of the day.Cotswold District Council left chocolate bars on the desks of those who had shut their computer down properly and switched their monitors off.The council said the move, costing around £50, ...
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The Pensions Regulator’s experiences increase in casework
The past year saw an increase in the The Pensions Regulator’s (TPR) casework, with more than 30 anti-avoidance cases being investigated at the end of March 2010.TPR’s annual report and accounts also outline a year of thematic campaigns to educate the pensions community, which focused on the risks affecting defined ...
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Public sector pay freezes rise
The proportion of public sector staff reporting pay freezes has jumped from 30% to 51% over the last three months according to the Chartered Institute of Personnel and Development (CIPD).Its quarterly Employee Outlook survey Summer 2010 edition, which surveyed 2,000 employees, showed that 51% of of public sector respondents said ...
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Ford faces legal action over pensions
Ford Motor Company is facing legal action over the pensions rights of employees who transferred to car parts company Visteon UK, which later went into administration.Trade union Unite has warned Ford about legal action for providing ‘misleading’ advice to employees who subsequently lost their jobs and pensions when Visteon UK ...
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Public sector staff most satisfied with holiday provision
Public sector employees are the most happy with the amount of holiday they receive from their employer. According to IFF Research's Attitudes to Work, more than two-thirds (68%) of public sector employees are very satisfied with how much holiday they have compared with 42% in the private sector.†The findings also ...
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Unum appoints Pitman Trustees to new group risk product
Unum has appointed Pitmans Trustees as the independent trustee to its new master trust group life product.The financial protection provider introduced a range of enhancements to its group life proposition earlier in July. One of the key changes was the creation of its master trust, which allows employers that offer ...