All Employee Benefits articles in Web Issue – Page 380
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Ten employers recognised for payroll management
Ten employers have been awarded the Payroll Quality Partnership (PQP) accreditation from The Chartered Institute of Payroll Professionals (CIPP).The accredited businesses include: Account Matters, Duncan and Toplis, Global Payments, Mouchel (Lincoln), Nottingham University Hospitals NHS Trust, Royal Mail, Selima, Shropshire Council, West Midlands Fire Service and the University of Lincoln.Launched ...
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CIPD calls on government to improve employment practice
The Chartered Institute of Personnel and Development (CIPD) has called on the government to extend the right to request flexible working to all employees, raise awareness among employees of the 2012 pension reforms, and introduce a £2.50 an hour training wage for internships lasting three months or longer.The CIPD’s 2011 ...
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Moneysupermarket.com launches smart card for use in staff canteen
Moneysupermarket.com has launched an electronic contactless smart card for its staff to use in its new in-house restaurant.The staff canteen’s till system, integrated with the sQuid eMoney platform, enables staff to top up their card and pay by simply holding it against a contactless reader. Card holders can also top ...
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The Pensions Trust implements new investment service
The Pensions Trust has implemented a new investment service across all its schemes to allow for the generation of better risk-adjusted returns relative to liabilities.The new strategy will see the Pension Trust, a multi-employer pension fund for the third sector, continue to invest more of the underlying schemes’ assets in ...
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Article
Alico Employee Benefits re-brands as MetLife
The Alico Employee Benefits and Agency businesses have been re-branded to become MetLife.This follows the MetLife acquisition of Alico on 1 November 2010.The MetLife group of companies provide retirement, savings and protection services across the Americas, Europe and Asia Pacific.Mike Kirsch, chief executive officer of Alico UK and EMEA Wealth ...
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PWC appoints Neil Roden to HR consulting practice
PricewaterhouseCoopers (PWC) has appointed Neil Roden as a partner in its HR consulting practice. Roden was formerly group director of HR at Royal Bank of Scotland (RBS).Michael Rendell, head of HR services at PWC, said: “Neil brings a wealth of expertise to our HR business, particularly in HR issues for ...
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CIPD releases guide to reviewing pay processes
The Chartered Institute of Personnel and Development (CIPD) has released its latest guide, The Pay Review Process, which raises awareness of the need to establish the pay review as a business process and offers insight on how to achieve this.The guide aims to help reward and HR professionals review their ...
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Article
Government will not limit bankers' bonuses
The government will not limit the amount of bonuses that banks can award their staff, according to a spokesperson for David Cameron.The government has come under pressure to set tough rules on bankers bonuses, particularly the large payouts at banks which needed state support during the financial crisis.However Downing Street ...
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Majority of employers do not provide opportunities for staff volunteering
Nearly two thirds of UK employers do not provide a good level of support for their staff to volunteer. However, 58% of employees said they would volunteer if their employer helped them to do so, according to research by independent charity V and YouGov, which consists of responses from 1,512 ...
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Postlethwaite appoints new share plan director
Postlethwaite has appointed Stephen Chater as share plans director.Chater joins the share scheme and employee ownership firm from Addleshaw Goodard, where he was a partner since 2003.Chater previously held the position of partner at Allen and Overy between 1989 and 2003.Robert Postlethwaite, managing partner, said: “We are absolutely delighted Stephen ...
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Goldman Sachs to focus on employee recognition
Goldman Sachs is to place a greater focus on employee recognition programmesDetails of its plans have been outlined in a report issued by the firm’s Business Standards Committee. The report’s recommendations, which include employee evaluation and incentives, have been approved by the firm’s senior management and the board of directors, ...
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Employees fail to understand all pension terms
Many people do not understand language and terms relating to pensions, according to research commissioned by the national employment savings Trust (Nest).Of the 1,967 respondents to the survey, conducted by YouGov, just 10% said they completely understood the term open market option, while only 23% said they were fully clued ...
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MPs approve legislation to privatise Royal Mail and give staff 10% of shares
Legislation to privatise the Royal Mail and give 10% of shares to employees has been given the green light by MPs.The Postal Services Bill, which outlines the largest employee share scheme of any privatisation, will now be considered by the House of Lords after being approved by the House of ...
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Government confirms removal of default retirement age
The government has confirmed the default retirement age (DRA) will be phased out between 6 April and 1 October 2011.The government has today published its written response to its recent consultation on the removal of the DRA and new guidance to help employers adapt.The removal of the regulation means from ...
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Rothesay Life completes acquisition of Paternoster
Rosethay Life, the insurance firm which is a wholly-owned subsidiary of the Goldman Sachs Group, has completed its acquisition of pension specialist Paternoster for £260m.Following the conclusion of an extensive sale process and satisfaction of the relevant conditions, the sale has grown Goldman Sach’s pension business to £6bn.Read more articles ...
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Pay growth falls as inflation rises
Public and private sector pay has fallen in the three months to December, according to new research from VocaLink, while inflation remains at 3.3%.The Take Home Pay Indices show that private sector earnings fell to 1.1% annual growth in December 2010, a drop from 1.7% in November.Annual public sector pay ...
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Deloitte launches a pensions advisory practice
Deloitte is expanding its pensions advisory capability with a multi-disciplinary pensions practice that will draw on expertise from across the firm, including corporate finance, actuarial, tax, treasury and assurance.The move will provide clients with services across three broad areas: the funding of pension schemes, benefits strategy for employees, and day-to-day ...
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Government introduces the Pensions Bill 2011
The Pensions Bill 2011 has been introduced in the House of Lords by the minister for welfare reform Lord Freud.The Bill introduces key measures to: implement workplace pension reform measures from the ‘Making Automatic Enrolment Work Review’; bring forward the timetable for increasing the state pension age to 66; and ...
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Staff at Fenland District Council set to declare office romances in writing
Dear Sir,I'm writing to notify you that I am romantically attached to Ken - the tall ripped guy with amazing arm muscles (who also has a sensitive side) and works in IT.I can assure you that, although we work together, we will not let our animal attraction (or love of ...
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CGGVeritas awarded the Pension Quality Mark
CGGVeritas has been awarded the the National Association of Pension Funds Pension Quality Mark (PQM) for its group personal pension (GPP) plan.The geophysical exploration specialist was assisted by Capita Hartshead Actuarial and Consultancy Services, which is advising the firm on how to best prepare for the forthcoming 2012 pension reforms.Its ...