All Employee Benefits articles in Web Issue – Page 407
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Article
National minimum wage to rise by 2.5%
The national minimum wage for adults is to increase by 15p an hour to £6.08 in October 2011.The wage for young people will get lower increases: the rate for 18 to 20-year-olds will increase by 6p to £4.98 an hour and the rate for 16 to 17-year-olds will increase by ...
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Axa Wealth research: Seven-year gap between expected and actual retirement ages
The gap between expectation and reality when it comes to retirement age is seven years, according to the Axa Wealth Pension Index.The average age that employees in the UK would like to retire is 58. The average age that employees expect to be able to afford to retire is 64. ...
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Article
Naked staff wanted by web firm
An obvious employee benefit for naturists would be allowing them to come to work in the buff.Website firm Nude House has done just that and is currently looking for naturists to apply for £24,000-a-year roles as web coders and sales executives.Positions for female web coders to work in a mixed ...
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Article
Aegon UK staff raise £75,000 for local charities
Staff at life and pensions organisation Aegon UK have donated £75,000 to three local charities: Maggie’s, Simpson’s Memory Box Appeal and St John’s Hospital Oncology Unit.The money was raised by Aegon UK’s employees through regular fundraising events such as dress down days, quizzes and raffles.The raised funds will be divided ...
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Article
Police Healthcare Scheme appoints Healix for second opinion service
The Police Healthcare Scheme (PHS) has appointed Healix to provide a second opinion service for its private healthcare.The PHS is run by the police and supports more than 14,000 police officers, police staff and their families across the UK.The majority of claims made are handled by the scheme itself, but ...
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Baker Tilly research: Large pension schemes report higher levels of fraud
Over one in 10 (12%) of UK pensions scheme have suffered from incidents of fraud in the last 24 months, with large schemes, (more than 10,000 members) being the worst hit, according the Baker Tilly Pensions Fraud Risk Survey.The survey, which was conducted among over 170 trustees and pension scheme ...
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Article
Red Letter Days launches new website
Red Letter Days has launched a new business-to-business (B2B) website.It precipitates the third quarter launch of a new business-facing product, the latest addition to the organisation’s existing range of experiences, events and gifts. The new website has been designed to highlight and meet the HR objectives within an organisation including ...
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Article
Nest appoints fund managers for ethical and sharia mandates
Nest Corporation has appointed fund managers for its ethical and sharia mandates.The ethical mandate has been awarded to F&C Asset Management and the sharia mandate has been awarded to HSBC Global Asset Management.Nest’s ethical fund will initially invest in actively managed and screened global equities, as well as some UK ...
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Article
Croner research: Total pay rises have fallen by a third
Total pay rises, including bonuses and overtime, have fallen by a third, and basic earnings increases have more than halved since January 2011, according to the latest Croner Reward Index.The index also found that both basic and total pay movement figures for managers are stable in comparison to the first ...
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Article
Mercedes GP Petronas launches workplace health and wellbeing programmes
Formula One team Mercedes GP Petronas has appointed Daniels Fitness Group (DFG) as its partner for its workplace fitness, health and wellbeing programmes.DFG will be responsible for providing full consultancy and implementation of fitness and health programmes to all staff at Mercedes GP Petronas.John Marsden, HR director at Mercedes GP ...
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Article
Mercer re-launches DB scheme discontinuance service
Mercer has re-launched its scheme discontinuance service to help trustees with wind-up and buy-out plans for their defined benefit (DB) schemes.The service will support trustees in meeting the Pensions Regulator’s two-year timeline for completing wind-ups and in complying with its record-keeping guidelines.The modular-based service will enable trustees to either fully ...
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Article
Lorica appoints new heads of corporate pensions
Lorica Employee Benefits has appointed James Biggs head of corporate pensions and Sean Gilfeather head of corporate pensions – actuarial.The changes enable Biggs and Gilfeather to work together to deliver Lorica’s overall corporate pension service to organisations and their employees.Biggs was formerly with Jelf Employee Benefits where he headed up ...
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Article
Legal and General launches auto-enrolment product
Legal and General has launched a new product to help employers meet the challenges of auto-enrolling staff into a workplace pension from October 2012.Worksave Select is an assessment tool which has been designed to identify employees who qualify for auto-enrolment. The product will simplify the auto-enrolment process for employers who ...
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Article
Government looks to launch mutual joint venture for civil service pensions
Cabinet minister Francis Maude has announced plans to transform the body that administers the civil service pension scheme into a mutual arrangement.The employees belonging to the My Civil Service Pension would join up with a private sector partner to create an employee-owned business.The Cabinet Office describes the move as the ...
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Article
Emap International appoints Aon Hewitt for benefits provision
Emap International has appointed Aon Hewitt to provide group risk benefits, private medical insurance (PMI) and dental cover, and consulting and broking services for its 880 UK employees.The group risk provision will include life insurance, ill-health cover, group life insurance, group income protection, and critical illness cover.Jason Stead, head of ...
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Article
Totally Expat Show is free for global mobility professionals
In-house corporate global mobility professionals can register to attend the European Totally Expat Show on 16 May for free.The event offers 40 free seminars running continuously through the day, including many actual case studies of major corporate programmes and will be held at the Marriott Hotel, Grosvenor Square, London.The show ...
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Article
Teach First to introduce online reward statements and pension salary sacrifice
Teach First plans to introduce online total reward statements, access to an employee discounts website, and is adding a salary sacrifice arrangement to its trust-based defined contribution (DC) pension scheme.The charity will also be consulting with its 180 staff, via surveys and focus groups, to determine what type of flexible ...
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Barnett Waddingham research: Funding level of university pensions has improved
The average FRS17 funding level of university pension schemes has improved by 3% between 2009 and 2010, according to the second annual Survey of University Self Administered Trusts (SATs) conducted by Barnett Waddingham.The survey is based on data in the published accounts of universities with financial years that ended on ...
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Article
Kas Bank launches pension fund monitor app for iPad
Kas Bank has launched a pension fund monitor application for the iPad.The app enables pension fund managers, trustees, sponsors and fund administrators to access up-to-date fund data at any time, from any location.It links to Kas Bank’s pensions dashboard which delivers metrics for the scheme’s funding level combined with compliance, ...
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Article
Unilever plans to close final salary pensions scheme
Unilever has announced plans to close its UK final salary pensions scheme to existing members.The final salary scheme has been closed to new members since December 2007.Unilever will enter into consultations with staff and unions from June for a 90-day period.The household goods firm has proposed a new arrangement that ...