All Employee Benefits articles in Web Issue – Page 358
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BDO launches recognition scheme
Since BDO launched a new recognition scheme at the end of June, 100 UK-based staff have received instant rewards.The accountancy firm introduced the scheme for its 2,700 staff across the UK under the banner ‘One Firm, Clients First’.The first phase of the programme comprises instant rewards handed out between colleagues. ...
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Eastern Western Motor Group consolidates voluntary benefits
The Eastern Western Motor Group has rolled out a voluntary benefits scheme for its 832 employees in order to consolidate its previous standalone offering.Since the scheme was introduced in June, it has been taken up by 602 staff with a first quarter spend of more than £100,000.The scheme, which is ...
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BAA appoints Xafinity Paymaster to administer its pension scheme
British Airports Authority (BAA) Pension Trust, acting as trustee of the BAA pension scheme, has appointed Xafinity Paymaster to provide third party administration services for its defined benefit (DB) pension scheme which covers over 20,000 members.Until now, BAA has administered its pension scheme in-house. As part of the contract a ...
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Canada Life introduces new group critical illness policy
Canada Life has introduced a new group critical illness policy with an extended range of conditions and improved product terms.The range of core conditions covered has increased from seven to 12, and additional conditions increased from 24 to 38.The policy, which will be available to all new group critical illness ...
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BHSF staff walk to Buenos Aires and back for charity
BHSF employees have walked the equivalent distance to Buenos Aires and back without leaving the country.Teams from the employee health benefits provider walked a total of 14,600 miles as part of the Global Corporate Challenge to help cut child obesity.Equipped with pedometers, three teams of 21 BHSF employees took part ...
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NAPF conference: Government confirms auto-enrolment timetable
The coalition government has confirmed it will go ahead with auto-enrolment according to its existing timetable.Speaking at the National Association of Pensions Fund annual conference, pensions minister Steve Webb said the coalition is committed to auto-enrolment, although the finer details are still under review. “We are going to do it ...
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NAPF conference: Employers commended for pensions provision
Lloyds Banking Group, the British Medical Association and Lilly Sipp have been awarded the Pension Quality Mark Plus by the National Association of Pension Funds (NAPF).The awards were presented by pensions minister Steve Webb at the NAPF’s annual conference.The Pension Quality Mark Plus, launched by the NAPF last year, is ...
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NAPF conference: Pensions Regulator needs a lighter touch
Employers have criticised the Pensions Regulator for being too heavy handed and lacking clarity in its guidance on the management of corporate pension schemes.During a panel debate, chaired by Jeff Prestidge from the Mail on Sunday, at the National Association of Pension Funds (NAPF) conference, Nigel Labram, chief executive officer ...
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Clear Insurance Management launches healthcare division
Clear Insurance Management has launched a new healthcare division, which will provide private medical insurance (PMI) and employee benefits capability to small businesses through to large corporate clients.The new business is led by Michael Cooke who was formerly at Aviva where he was responsible for the insurer’s healthcare marketing and ...
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Orchid Group staff travel to South Africa for volunteering campaign
Eight managers of the pub chain, Orchid Group, and operations director Paul Cutsforth have returned from a volunteering trip in two townships outside Cape Town, South Africa.As part of Orchid’s ongoing Project Fair Play campaign, the employees were able to see firsthand the initiative their pubs and customers have supported.Project ...
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More than half of City employees bonuses will go to taxman
The City will pay bonuses of nearly £7 billion, down from £7.3 billion last year. However, the taxman will take home more of the bonus pot than workers in the City as the new tax rate of 50% on income over £150,000 comes into force.These are the key findings of ...
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Hutton calls for increase in public sector workers' pension contributions
Lord Hutton has recommended an increase in public sector workers’ contributions to pensions and a rise in the retirement age.In his interim Public Sector Pensions Review, Hutton says the reforms are needed to address the affordability and risk sharing issues surrounding public sector defined benefit (DB) pensions.The report aims to ...
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NAPF conference: Employers should be clearer about pension in job adverts
Employers should be clearer about their pensions provision when advertising for jobs, according to research by the National Association of Pension Funds (NAPF).According to the industry body’s survey on the links between job-hunting, recruitment and pensions awareness, a fifth of employees only found out that their new employer offered a ...
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NAPF conference: New guide on transition management published
The National Association of Pension Funds (NAPF) has published a new guide to help pensions trustees and managers get to grips with transition management.The launch took place the NAPF's annual conference in Liverpool today.Transition management is the process through which a pension scheme changes its asset/investment structure. It is often ...
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ITV carries out an enhanced transfer value exercise
ITV is carrying out an enhanced transfer value (ETV) exercise for its defined benefit (DB) pension scheme. It has made the non-cash ETV offer to 1,500 scheme members and expects to receive a good level of take up, said Christine Jackson, head of pensions at ITV, speaking the National Association ...
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NAPF conference: CPI/RPI change causing confusion
Moves to base private sector pension scheme inflation on the consumer price index (CPI) instead of the retail price index (RPI) have been met with confusion from employers and trustees.The change, which is currently under consultation by the government, will be particularly challenging for schemes with RPI written into their ...
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Office workers consume extra 700 calories a day
Office workers consume an extra 700 calories a day compared to other professions, according to a poll conducted by HR consultancy, Reabur.The results show that 89% of office workers admit to snacking at their desks every day, compared to just 4% of those in the medical profession.Over a quarter (26%) ...
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Aon Hewitt appoints Andy Cox and Yvan Legis as chief executive officers
Aon Hewitt has appointed Andy Cox chief executive officer for the UK and Ireland, and Yvan Legris chief executive officer for UK, Europe, Middle East and Africa.The Aon and Hewitt union formally closed on 1 October, creating a $4.3 billion organisation.Andy Cox was previously managing director of Hewitt in the ...
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The First Club launches online reward and incentive platform
The First Club has launched an online reward and incentive platform that focuses on loyalty programmes, incentive schemes and corporate rewards.The platform is designed to help employers boost existing reward and loyalty schemes by creating a gateway to the entertainment world. Employees can spend reward points they are issued on ...
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Changes to exercise and diet are top staff wellbeing objectives
Employees cite changes to their exercise routines and their diet as their top wellbeing objectives, according to a survey from wellbeing consultancy Tonic.During its tour of the UK with its wellness programmes, Tonic outlined key strategies to optimum health and wellbeing and motivated participants to commit to some positive healthy ...