All Employee Benefits articles in Web Issue – Page 362
-
Article
Pierre Fabre launches total reward statements and voluntary benefits
Pierre Fabre has launched online total reward statements and a voluntary benefits scheme.The subsidiary of the French pharmaceutical firm rolled out the offerings, provided by Portus Online, to promote a better understanding of its benefits package among its 40 UK-based staff.Martin Grange, managing director at Pierre Fabre, said: “We reviewed ...
-
Article
Aegon to sell pensions administration business to Goddard Perry
Aegon UK has agreed the sale of its third-party pensions administration business to employee benefits consultancy Goddard Perry.The sale means 82 jobs will be saved, because Aegon had announced plans to close this business on 28 September 2010 as part of its UK development strategy.Goddard Perry approached the pensions provider ...
-
Article
Equiniti and BNY Mellon to form share scheme alliance
Employee share plan administrators Equiniti and BNY Mellon Shareowner Services have entered into discussions to form a strategic alliance that will enable both firms to provide enhanced product offerings.As part of BNY Mellon’s issuer services group, BNY Mellon Shareowner Services provides corporate equity solutions and employee share plan administration in ...
-
Article
Network Rail appoints P-Solve to Care and DC pension schemes
Network Rail has appointed P-Solve to its career average re-valued earnings (Care) pension scheme.The investment consultancy and fiduciary management business of the Punter Southall Group will use the asset allocation decision-making powers delegated to them by the scheme trustees to invest in all appropriate asset classes within the Legal and ...
-
Article
Scottish Life extends use of Origo's Options tool to pension transfers
Scottish Life has extended the use of Origo’s web-based Options tool to include pension transfers.The move follows the introduction of Options for open market options (OMO) in July 2010.The Options tool, which facilitates the exchange of information between providers, has seen average OMO processing times fall from an industry average ...
-
Article
Canada Life adds bereavement counselling to group life perks
Canada Life has added a bereavement counselling service and a probate helpline to its group life schemes.The support services are available for unlimited use and can be used by employees' dependants and close relatives if they suffer a bereavement. Those that call the helpline can speak to a qualified counsellor ...
-
Article
Employers receive wild excuses for absence from work
Employees who have ever had the nerve to hold their nose to sound stuffed up with cold or fake a cough while ringing in ‘sick’ will be shocked at the courage and creativity of fellow skivers in the US.A nationwide poll, conducted Harris Interactive, in the US found 30% of ...
-
Article
A million active members contribute to trust-based DC pension schemes
One million active members contribute to trust-based defined contribution (DC) pension schemes in the private sector, while more than two million that contribute to defined benefit (DB) pension schemes.A snapshot of the trust-based DC pensions landscape, DC Trust: A presentation of scheme return data, published by The Pensions Regulator, also ...
-
Article
Majority of employers award 2%-3% pay increases
The majority of employers continue to award pay increases between 2% and 3%, according to data recorded in IDSPay.co.uk at Incomes Data Services (IDS).The analysis is based on 69 pay settlements effective in the three months to the end of September, covering 1,446,445 employees.The proportion of pay freezes remains relatively ...
-
Article
Computacenter extends incentive programme to South African staff
Computacenter is to roll out its staff recognition programme to its 250 employees in South Africa based on the programme’s success with its 4,000 UK-based staff.Its Excellence in Action scheme, which is provided by incentive and motivation firm AYMTM, was launched via an online communication platform which delivers rewards to ...
-
Article
Alliance Boots consolidates pension schemes into one GPP
Alliance Boots has consolidated several pension schemes into a single group personal pension (GPP) called WorkSave.The consolidation follows the 2006 merger of Alliance UniChem and Boots Group.The new GPP, provided by Legal and General, enables employees to transfer from the firm’s closed defined benefit (DB) and defined contribution (DC) pension ...
-
Article
Cache achieves 81% take up of voluntary benefits plan
Charity Cache has achieved 81% take up of its voluntary benefits scheme since it launched on 1 September.On the first day alone, the organisation saw a 58% take up from its 120 employees. The scheme, which is provided by Asperity Employee Benefits, includes bike for work, childcare vouchers, gym membership ...
-
Article
Nationwide adds health and risk perks to flexible benefits scheme
Nationwide Building Society has added a number of new healthcare and group risk benefits to its flexible benefits scheme and has extended the coverage of some of its existing perks.The bank, which has more than 16,000 staff, has added income protection, critical illness insurance, private medical insurance, wellness assessments, life ...
-
Article
Team (Energy Auditing Agency) introduces health screening
Team (Energy Auditing Agency) is introducing a health screening programme for its 77 employees.The supplier of energy management solutions is providing the health checks through its health cash plan, which has been in place since January 2009.Team initially introduced the screenings, provided by Screenetics, to increase health awareness across the ...
-
Article
Charities Aid Foundation implements new HR and payroll system
The Charities Aid Foundation has signed a five-year contract with NorthgateArinso to implement its web-enabled HR and payroll system.The system’s self-service functionality will enable employees to manage some of their own affairs, such as booking holidays and reporting sickness.Managers are also encouraged to take responsibility for HR procedures in their ...
-
Article
Vinci Construction UK launches employee engagement initiative
Vinci Construction UK has launched an employee engagement initiative called ‘Stand Out, Make a Difference’.The initiative, which is a partnership agreement with the Construction Youth Trust, The Duke of Edinburgh’s Award and The Prince’s Trust, will allow the construction firm to engage with local communities, create chances for young people ...
-
Article
Inmarsat holds health and wellbeing day
Satellite operator Inmarsat will hold a health and wellbeing day on 23 November, when providers, including the firm's private doctor, dental providers and the local gym, will talk to staff about the perks on offer.This is the sixth year Inmarsat has run the event. Many of its 400 UK employees ...
-
Article
Leisure Vouchers partners with Planet Hollywood
Leisure Vouchers has signed a partnership with Planet Hollywood.Organisations that offer Leisure Vouchers, which is part of Acorne, to their employees will now be able to offer access to Planet Hollywood’s new London restaurant, after it moved from its original location in the City's Trocadero centre to nearby Haymarket in ...
-
Article
Buyer's guide to motivation vouchers 2010
Focus on factsWhat are motivation vouchers?They are paper-based or electronic gifts cards with a monetary value, which employers can use to incentivise staff. Shopping vouchers can be redeemed at a single store or at multiple retailers, and employers can also offer travel or experience vouchers.What are their origins?Gift vouchers, in ...
-
Analysis
New accounting standards will affect car lease arrangements
If you read nothing else, read this…A final standard of the lease accounting amendments by the International Accounting Standards Board will be published next year.The amendments will require employers to show leased assets, including cars, on their balance sheets. The changes will affect all employers that account to IASB standards.The ...