All Employee Benefits articles in Web Issue – Page 393

  • Article

    Standard Chartered Bank to launch integrated benefits portal

    2011-03-01T10:49:48Z

    Standard Chartered Bank will be one of the first organisations to adopt a new integrated benefits portal from Standard Life.The Lifelens product, which provides employees with access to both pension and non-pension benefits, including savings options, flexible benefits, online payslips, total reward statements, pensions, planning and modeling tools, and educational ...

  • Article

    Randstad research: Few employers have assessed impact of Agency Workers Regulations

    2011-03-01T10:51:44Z

    Only 7% of UK employers have conducted an assessment into how they will be impacted by the Agency Workers Regulations (AWR), according to Randstad’s Shifting Sands report.Over a third (37%) of respondents admit they are unfamiliar with the regulations.The AWR, which will come into force on 1 October 2011, will ...

  • Article

    Tradeteam staff raise over £30,000 for charities

    2011-03-01T10:55:49Z

    Employees across Tradeteam’s 29 UK sites have spent the past 12 months hiking, biking, baking and running to raise money for charity, raising over £30,000 in 2010.The drinks distributor has aligned its fundraising and community activities with its corporate social responsibility (CSR). These are supported by parent company DHL’s ‘Match ...

  • Article

    Wrap, risk and retirement

    2011-03-01T16:08:08Z

    How to inform and equip your employeesJohnson Fleming's white paper on helping your employees understand & manage their financial lifecycle.Click here to view the whitepaper†

  • Article

    Occupational Pension Trusts appoints Grove to run DB schemes

    2011-03-02T10:10:03Z

    Occupational Pension Trusts (OPT) has appointed Grove Corporate Pensions to run defined benefit (DB) schemes.OPT allows pension schemes to separate from the sponsoring employer and club together in a national confederation. It provides an alternative to buy-out for DB scheme sponsors struggling to survive.Its GroveBundled product, which is aimed at ...

  • Article

    GSK to pay university tuition fees of new recruits

    2011-03-02T10:34:20Z

    GlaxoSmithKline (GSK) is to reimburse 100% of uncapped tuition fees for all UK undergraduates joining the organisation.The measure will be introduced from September 2012 to coincide with the government’s intention of introducing uncapped fees for students at UK universities.GSK currently recruits between 50 and 100 undergraduate students a year into ...

  • Article

    AllianceBernstein partners with Pensions Management Institute

    2011-03-02T10:59:27Z

    AllianceBernstein has partnered with the Pensions Management Institute (PMI) as the sponsor of its target date funds specialist industry sector (SIS).The partnership will provide scheme sponsors and trustees with access to current thinking on topical investment issues, with a focus on target date funds.Information can be accessed through the PMI’s ...

  • Article

    Moneysupermarket.com launches flexible benefits scheme

    2011-03-02T11:14:41Z

    Moneysupermarket.com has launched a flexible benefits scheme to meet the differing requirements of its employees.The price comparison website launched Lorica’s Cube flex product at the end of November 2010 after employee research revealed a interest in a wide range of benefits.Its Ichoose scheme has three categories of benefits for all ...

  • Article

    Projectlink Motivation re-branded as Grass Roots Projectlink

    2011-03-02T11:28:48Z

    Projectlink Motivation has re-branded as Grass Roots Projectlink and is now operating as a division of Grass Roots UK.The recognition and incentives business was acquired by Grass Roots Group in 2003. Managing director Ian Horsham, who joined Projectlink in August 2007, will continue to lead the organisation.The Grass Roots Projectlink ...

  • Article

    Critical Software Technologies is commended for health and wellbeing

    2011-03-03T10:21:30Z

    Critical Software Technologies, based in Southampton, has been commended for demonstrating a commitment to the health and wellbeing of its employees.Healthcare provider Simplyhealth recognised the firm's efforts by presenting it with its Healthy Workplace award.Jayne Veazey spokesperson for Critical Software Technologies, said the firm ensures that the offices are stocked ...

  • Article

    PensionsFirst research: Funding deficits of FTSE 100 pension schemes have fallen

    2011-03-03T10:37:20Z

    The funding deficits of FTSE 100 pension schemes have reduced, according to research conducted PensionsFirst(PF).The latest PF Risk Report, a monthly analysis of defined benefit (DB) pension risk for UK FTSE 100 firms, found that the proxy funding deficit now stands at £84 billion, compared to £134 billion in August.†Despite ...

  • Article

    Government provides further details on changes to pensions tax relief

    2011-03-03T11:11:13Z

    The government has announced how the facility for meeting high annual allowance charges from pensions benefits will work in practice.Mark Hoban, financial secretary to the Treasury announced that schemes will have a considerable amount of time to complete the payment process with additional flexibility being given during the first year.Employees ...

  • Article

    Bonuses lose value for each year they are deferred

    2011-03-03T11:20:20Z

    Bonuses are worth 20% less to executives for each year they are deferred, according to research from PricewaterhouseCoopers (PWC) and the London School of Economics (LSE).The Psychology of Incentives report, published at a time when shareholders and regulators are pushing for greater deferral of bonuses to curb excessive risk taking, ...

  • Article

    Foundry worker paid £2.3 million for overtime

    2011-03-04T09:43:00Z

    All employees would clamour to do overtime if a few extra hours turned them into millionaires.This was the case for foundry worker Adam Young, whose employer, turbine-blade makers Alcoa Howmet, paid him overtime at £161,000 an hour instead of £11. This boosted his monthly salary from £2,000 to £1.3 million ...

  • Article

    Rail regulator sets out criteria for bonuses at Network Rail

    2011-03-04T10:36:24Z

    Bonus payments to senior managers at owner of Britain's rail network Network Rail Infrastructure should be based on their ability to make long-term management decisions, beat efficiency targets, and act accountably and transparently, according to rail regulators.In a letter to Steve Russell, chairman of the remuneration committee at the Network ...

  • Article

    Recession has led to adjustment of bonus plans

    2011-03-04T10:55:43Z

    The recession has led employers to adjust bonus plans to align with changing business priorities, according to the Performance and Reward Centre (PARC).Its Developing Performance Incentives and Sustaining Engagement in a Volatile Environment report, jointly prepared with World at Work, concluded that in 2010 bonus plans included a wider range ...

  • Article

    FSA salaries increase by 22% in five years

    2011-03-04T11:55:19Z

    Average salaries for employees at the Financial Services Authority (FSA) have risen by 22% in the past five years.Figures from the FSA show employees at head of department level and below, including managers, advisors and administrators, received an average salary of £51,232 in 2010, up from £41,975 in 2005.The largest ...

  • Article

    Thought Leaders 2011: Academic Insights: Good communication is the key to success

    2011-03-04T17:26:24Z

    Employee engagement and job satisfaction are inextricably linked, and effective communication is the way to ensure reward and benefits play a full part in motivating staff, says Steve Watson from Alexander Forbes Consultants & Actuaries.Click here to view the Whitepaper

  • Article

    Thought Leaders 2011: Academic Insights: A healthy workforce is worth extra investment

    2011-03-04T17:27:31Z

    The onus is on employers to safeguard the health, safety and welfare of their employees, and an effective strategy can result in decreased sickness absence levels, says Dr Doug Wright from Aviva UK Health.Click here to view the Whitepaper

  • Article

    Thought Leaders 2011: Academic Insights: Retirement age change brings opportunities

    2011-03-04T17:29:57Z

    With the workforce set to get older, employers must take the opportunity to review what can be provided under their group risk schemes and where savings can be made, says Glenn Laming from Legal & GeneralClick here to view the Whitepaper