All Employee Benefits articles in Web Issue – Page 408
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Article
Hays research: IT workers want better benefits
A quarter of employees working in IT are dissatisfied with their benefits package, and 61% think their employer could be more generous with its benefits provision, according to research conducted by Hays.Out of the 315 workers surveyed, 40% report that they never receive a pay review and 35% are not ...
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Grass Roots raises over £4,000 for charity
Grass Roots’ employees have raised over £4,000 in one month for its new corporate charity, Kidscape.The partnership between Grass Roots and Kidscape began in March 2011 with a balloon release from each of Grass Roots’ three sites, and an apprentice-style challenge that saw teams of staff competing to raise the ...
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Benefits communication consultancy launched
Face to Face Consultancy has launched as a specialist employee communications consultancy.The organisation will work with employers, providers and intermediaries to communicate pensions and benefits effectively. A team of specialists will go into workplaces to answer employees’ pensions and benefits questions in person.Greg Thorley and Richard Ayers, both formerly of ...
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Article
Medicare International extends global healthcare product
Medicare International has enhanced its top level international private health insurance policy aimed at expatriates.Employers that use Executive Plus can now choose between four levels of cover. The policy offers extra benefits in areas such as maternity care, pregnancy cover and childhood vaccinations.Other enhancements include a doubling of the cover ...
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Punch Taverns puts £9 million into defined benefit pension schemes
Punch Taverns has made contributions of £9 million into its Spirit and Pubmaster defined benefit (DB) pensions schemes over the last six months.The payments were agreed with trustees following the schemes’ triennial valuations. It was also agreed that additional annual contributions of £6 million will be put into the schemes ...
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Article
Most employers are not celebrating the royal wedding
While many shops are decked out with royal wedding memorabilia (ranging from tea bags to jelly-bean portraits of Kate and Wills) most British workplaces are not providing staff with so much as a Middleton-mouse mat.Research by Maris Interiors reveals that more than 98% of employers are not doing anything to ...
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Article
The Greater London Authority denies it agreed to repay Visit London’s pension deficit
The Greater London Authority (GLA) has denied that it agreed to repay Visit London’s pension scheme deficit after the tourist body went into administration on 1 April 2011.London and Partners, the organisation that has taken on the activities of Visit London, has stated it has no responsibility for the pension ...
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Article
London Underground proposes 4% pay rise for staff
London Underground (LU) has proposed a 4% pay rise for staff as part of a five-year deal.LU has said employees would be given increases for the next four years of inflation plus 0.25%. It covers the period from April 2011 to April 2016.The previous pay deal expires this month. It ...
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Article
Prudential wins pensions court case
Prudential has won a High Court case brought by the trustees of its own employees’ retirement fund.The judge ruled that Prudential was able to change the basis on which the discretionary increases to pensions were granted to members of its final salary pension schemes.The case was brought by the trustees ...
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Morgan McKinley research: One third of financial services staff satisfied with bonus payments
One-third (36%) of financial services staff in London were satisfied with bonus payments in 2010/11, according to the latest Bonus Satisfaction Survey conducted by Morgan McKinley.The survey found that 79% received a bonus. In addition, 39% received a higher payment in the 2010/11 bonus round compared to the 2009/10 round.The ...
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Article
IMG Europe launches international medical insurance plan
IMG Europe has launched a new flexible international medical insurance plan for expatriates and eligible local nationals.The GlobalFusion international medical insurance allows employees to select from an assortment of coverage options, each with specialised covers.Employees can customise the length and area of cover, selecting from multiple annual excesses and payment ...
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Article
European Federation of Employee Share Ownership research: Employee ownership has increased
Employee ownership has continuously progressed across Europe since the financial crisis, according to the Economic Survey of Employee Ownership in European Countries in 2010 conducted by the European Federation of Employee Share Ownership.The number of employee owners was nearly 10 million in 2010 in large European organisations. The number of ...
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Punter Southall research: Employers unprepared for 2012 pension reforms
More than two-thirds of employers have not begun to prepare for the 2012 pension reforms, according to research conducted by Punter Southall.Out of the 243 respondents to the Punter Southall DC Survey, 69% have not started to look at the changes, which stipulate that eligible employees are auto-enrolled into a ...
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Swiss Re research: Group risk market shows signs of recovery
In-force sums assured have grown in excess of premiums across group death benefits, critical illness and long-term disability income benefits, according to the latest Group Watch from Swiss Re.The report found that overall, in-force group risk premiums fell by 1.8% compared with 2009. However, the results indicate the beginning of ...
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Article
Computershare Voucher Services and staff to support charity Honeypot
Computershare Voucher Services (CVS) has pledged its support to Honeypot, a charity that offers a lifeline to young carers and vulnerable children.CVS and its employees will undertake a series of activities over the coming year, including fundraising and volunteering projects to help maintain the charity’s premises and gardens.The organsiation is ...
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Article
PZ Cussons appoints Mercer for defined benefit scheme de-risking service
Food distributor PZ Cussons has appointed Mercer to provide a de-risking service for its defined benefits (DB) schemes.PZ Cussons conducted an overall review of its DB pension risks, and having identified a long-term target and agreed this with the trustees, both parties were looking for a way to implement their ...
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Canada Life Group research: Gap revealed between benefits offered and those valued by employees
Employers underestimate the perceived importance of benefits as half (52%) of employees would move jobs for better benefits, according to research from Canada Life Group.The research found that the top two most commonly offered benefits, a pension and a holiday allowance of more than 28 days, met demand as they ...
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Association of Teachers and Lecturers to ballot for strike action over pension changes
Members of the Association of Teachers and Lecturers (ATL) voted to ballot for strike action over changes to teachers’ pensions.Delegates at the ATL’s annual conference in Liverpool on 19 April overwhelmingly agreed that the executive committee should decide whether to authorise a ballot for a strike this summer.In this year’s ...
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Browne Jacobson introduces bikes-for-work scheme
Browne Jacobson has introduced a bikes-for-work scheme as part of its initiatives to promote health and wellbeing, and to support environmental issues.The new scheme, launched at the beginning of March with Evans Cycles, gives the law firm’s 440 eligible employees the chance to choose and purchase a new bike through ...
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Article
iGlobalFitness to donate portion of Stay Active Challenge entry fee to charity
iGlobalFitness will donate a proportion of the entry fee to ActionAid for every employee who signs up to its Stay Active Challenge.The challenge is an employee wellness competition that provides personal activity coaching for all participants while measuring health improvements of employees.For £50 each, employees sign up in teams of ...