All Employee Benefits articles in Web Issue – Page 460
-
Case Studies
Case study: Veolia wants employees to keep shares
Veolia Environnement first launched its share incentive plan (VE Sip) for its 16,500 permanent UK staff in 2006, and relaunched it in September 2010.The firm does not use typical communication methods, particularly when the scheme matures, because there are not key events around a Sip. At launch, it sends out ...
-
Case Studies
Case study: Informa prepares for hidden costs in pension reforms
Publishing and events company Informa, which has 3,200 staff in the UK, operates a three-month waiting period before employees can join its group personal pension (GPP) scheme, which is managed by Friends Life.About 50% of its workforce belongs to the GPP, to which Informa makes a matching contribution of between ...
-
Analysis
Will executive pay decisions change?
If you read nothing else, read this... UK chief executives officers’ average packages increased from £1 million to £4.2 million between 1998 and 2010. In September, the Department for Business, Innovation and Skills issued two papers on how executive pay should be handled. Organisations have warned against too much disclosure ...
-
Analysis
Pension reforms: Clearing the confusion
If you read nothing else, read this . . . Many employers are unprepared for the reforms, including auto-enrolment. Some do not know when they have to comply or how much it is going to cost them. There is still confusion over matters such as the definition of qualifying earnings. ...
-
Analysis
Pension reforms: What information do employers need?
If you read nothing else, read this . . . In order to meet the auto-enrolment requirements under the 2012 pension reforms, employers need to hold information that will identify whether each employee meets the eligibility criteria. It is an employer's duty to keep accurate and current records. Time is ...
-
Analysis
Pension reforms: Main players focus on reform success
If you read nothing else, read this . . . The Pensions Regulator's role is to ensure all UK employers are compliant with the Pensions Act 2008 and to enforce auto-enrolment. The Department for Work and Pensions makes policy decisions. It has overall responsibility for the shape of the 2012 ...
-
Analysis
What to do when share schemes mature
If you read nothing else, read this ...The information employers should communicate to staff at a share scheme’s maturity and the methods used will depend on the type of scheme offered.Sharesave schemes, which have fixed maturity dates, favour structured communications campaigns.Share incentive plans (Sips) suit drip-feed communications because there is ...
-
Article
EXCLUSIVE: TUI Travel’s focus on sickness absence pays off
TUI Travel has achieved up to a threefold return on investment in its occupational health benefits during a 12-month period.The firm committed to spend over £150,000 on tackling sickness absence by maximising its existing provision and adding new benefits when it began integrating its healthcare benefits in October 2010.It appointed ...
-
Article
EXCLUSIVE: Lend Lease to close DB pension to future accrual
Lend Lease is to close its defined benefit (DB) pension scheme to future accrual in February 2012, when it will switch all 600 members to its trust-based defined contribution (DC) pension scheme.The property and infrastructure firm’s career average revalued earnings (Care) scheme closed to new members in November 2006 and ...
-
Article
Healthcare RM acquires Worcester Physiotherapy Centre
Occupational health provider Healthcare RM has acquired the Worcester Physiotherapy Centre as part of efforts to tackle musculoskeletal problems that lead to absence in the workplace.Of the referrals the provider deals with for employers, 40% relate to musculoskeletal problems.The acquisition will allow employees to have access to treatment that is ...
-
Article
EXCLUSIVE: Alison Main joins Wells Fargo
Wells Fargo has appointed Alison Main head of international benefits, responsible for employees across 25 countries.She moves to Wells Fargo from her role as compensation and benefits manager, mergers and acquisitions for Europe, Middle East and Africa (EMEA) at Oracle.Of her Wells Fargo role, she said: “One of the key ...
-
Article
News analysis: Easing causes unease
Quantitative easing may be an attempt to stimulate the UK economy, but it does no favours to occupational pension schemes, says Nicola SullivanThe Bank of England’s move to inject £75 billion into the economy through quantitative easing (QE) has a number of implications for occupational pension schemes. It is predicted ...
-
Article
Towers Watson appoints Jeremy Hill
Towers Watson has appointed Jeremy Hill director of its international consulting group.Hill has 20 years’ experience in the industry, having spent the past nine years as principal, international benefits at Mercer.He is a committee member at the International Employee Benefits Association, having previously served as chairman and secretary.Read more about ...
-
Article
Willis Group introduces flexible benefits scheme
Willis Group has rolled out an online flexible benefits scheme to its 3,600 UK employees.The scheme, which is Willis Group's own flexible benefit product and has been branded Salary Plus for its own staff, includes: pensions salary sacrifice, life assurance, critical illness, dental insurance, bikes for work, Tastecard, and wine ...
-
Article
EXCLUSIVE: Enrich Reward introduces flexible benefits product
Enrich Reward has introduced an online flexible benefits product targeted at small and medium-sized enterprises (SMEs).The Encompass product gives access to employee discounts, a pension scheme, group life benefits, income protection and private medical insurance. It also has access to human resources and payroll functions. Employers can tailor it to ...
-
Article
EXCLUSIVE: Nomura rolls out flexible benefits scheme
?Nomura has introduced a flexible benefits scheme to improve employee choice and make its benefits package more accessible for its 3,500 UK staff.The scheme, administered by Vebnet, went live on 1 October. Almost half (49%) of the investment bank’s staff have submitted a choice.Marianne Nugent, benefits manager at Nomura, said: ...
-
Article
EXCLUSIVE: Equiniti Group harmonises flexible benefits
Equiniti Group has harmonised its flexible benefits offering and reduced benefits costs to staff, four years after the merger of its Equiniti and Xafinity businesses.Both businesses previously offered a flex plan. The election period for its new harmonised plan opens this month, with employees’ selections taking effect from January 2012.Clancy ...
-
Article
EXCLUSIVE: Ladbrokes bets on Phil Rixon
Ladbrokes has appointed Phil Rixon pensions and benefits manager.Rixon has spent the past 10 years at Xafinity Consulting, where he most recently held the position of pensionsand benefits principal consultant.Rixon said: “With auto-enrolment on the doorstep, it was a huge opportunity to try out my consulting skills in an inhouse ...
-
Article
University of Lincoln staff take part in walking challenge
The majority (81%) of employees at the University of Lincoln that took part in a walking challenge reported an improvement in their overall health and 44% said they had an increased ability to handle stress.The activity, organised in conjunction with Global Corporate Challenge, saw participating employees kitted out with pedometers, ...
-
Article
EXCLUSIVE: Ernst & Young changes physiotherapy provision
Since Ernst and Young changed its physiotherapy provision for staff in July, it has had 161 referrals from GPs, 120 of which led to triage sessions.The perk, which is offered through private medical insurance, previously directed staff to recognised physiotherapy centres, but was not managed effectively.After a tender process, the ...