All Employee Benefits articles in Web Issue – Page 470
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Autumn Statement 2011: Public sector pay increases to be capped at 1% for two years
In his Autumn Statement 2011, Chancellor George Osborne announced that pay increases for public sector employees will average 1% for each of the two years after current pay freezes end.The announcement comes the day before thousands of public sector workers plan to strike over changes to their pensions.Delivering the statement, ...
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Autumn Statement 2011: Government to consult on anonymised fit note data
The government is to consult on the content of anonymised fit note data to be published from 2012.The published data is aiming to drive innovation in the occupational health sector and improve the management of sickness absence.Read also Government publishes review into sickness absenceRead more news from the Autumn Statement ...
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Autumn Statement 2012: Government confirms state pension age will increase to 67
The government will increase the state pension age from to 67 by 2028, in a move it anticipates will save around £60 billion.The increase, which will be made between April 2026 and April 2028, was announced by Chancellor George Osborne during his presentation of the Autumn Statement.The Office of Budget ...
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Autumn Statement 2011: Government confirms pension funds to invest in infrastructure projects
Chancellor George Osborne has confirmed a set target of up to £20 billion of investment from British pension funds for infrastructure projects.On 28 November, the government signed a memorandum of understanding with the National Association of Pension Funds (NAPF), the Pension Protection Fund (PPF), and a separate group representing pension ...
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Autumn statement 2011: Government announces review on regional public sector pay rates
Chancellor George Osborne is to ask independent pay review bodies to consider how public sector pay can be made more responsive to local markets.The consultation will report by July 2012.It will apply to all pay review body workforces, with the exception of doctors, dentists, the armed forces, and the judiciary.According ...
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Autumn Statement 2011: Government plans to cut health and safety rules for small employers
Health and safety regulations for smaller employers will be cut.In the Autumn Statement 2011, Chancellor George Osborne announced that the government has accepted the recommendations of Professor Lofstedt’s Reclaiming health and safety for all review, which was published yesterday.The recommendations include:exempting self-employed people posing no risk to others from health ...
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Autumn Statement 2011: Call for evidence on the effectiveness of Tupe regulations
Chancellor George Osborne has announced a call for evidence on the effectiveness of Transfer of Undertakings (Protection of Employment (Tupe)) regulations.In the Autumn Statement, Osborne said any proposed changes to the current Tupe regulations, which protect employees’ rights and smooth the process of business restructuring, would be consulted on in ...
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Autumn Statement 2011: Government looks to overhaul red tape on employment issues
The government is to look into overhauling red tape around several employment issues.In the Autumn Statement 2011, Chancellor George Osborne announced that it is to look at whether, and how, a rapid resolution scheme could be introduced as an alternative to the current employment tribunal process to provide quicker, cheaper ...
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Anglian Water rolls out flexible total reward statements
Anglian Water has launched a flexible approach to providing total reward statements as part of its commitment to encouraging employees to lead more sustainable lives.In 2010, the utility provider introduced its Love Every Drop campaign, which included 10 goals and 100 commitments towards sustainability. To support the pledge, switching from ...
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HSBC, M&S and Deutsche Bank awarded for engaging employees in sustainability
HSBC's sustainability programme has won the gold award in the ‘Best green employee engagement strategy’ category at the International Green Awards. Marks and Spencer followed in second place and Deutsche Bank won third place.HSBC has worked with non-profit organisation Earthwatch for the past five years to engage its global workforce ...
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Sainsbury's celebrates 1,000th store by doubling staff discount
Sainsbury’s is celebrating the opening of its 1,000th store by doubling its staff discount from 10% to 20%.Following the opening of its store in Irvine, Ayrshire all 150,000 employees will receive 20% discount between 1 and 4 December.Justin King, chief executive at Sainsbury’s, said: "Opening our 1,000th store is a ...
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MetLife Assurance research: Half of DB pension members are concerned about the scheme's survival
Half of employees in defined benefit (DB) pension schemes are concerned about the long-term survival of the scheme, according to research by pensions risk transfer provider MetLife Assurance.The research, which surveyed 765 employees and 462 employers, found that 38% of employee respondents are quite concerned about their retirement income. When ...
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CIPD/Simplyhealth research: Fit notes prompt employers to discuss sickness absence
The introduction of the fit note has prompted employers to hold conversations with their staff around sickness absence and the best ways to get an individual back to work in the case of long-term illness.The Absence management survey, conducted by the Chartered Institute of Personnel and Development (CIPD) and Simplyhealth, ...
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EXCLUSIVE: Equiniti Group adds cars and insurance discounts to flex
Equiniti Group has added two company car schemes and an insurance discount scheme to its flexible benefits package.The new benefits, which will launch on 1 January 2012, include: a car-leasing scheme provided by ALD Automotive; a discounted car-purchasing scheme provided by Lloyds Bank; and the Open Door scheme from mortgage ...
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TMC launches mileage audit tool for smaller fleets
Fleet provider TMC has launched a mileage audit tool for smaller fleets with between one and 100 drivers.Based on the fleet provider’s existing product for larger fleets, the service, called TMC2, allows employers to log and audit business journeys, deter drivers from over-claiming and automate the payment of mileage expenses.Employers ...
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Aviva partners Emirates Insurance Company for expatriate PMI offer
Aviva UK Health has set up an arrangement with Abu Dhabi-based Emirates Insurance Company to provide expatriates in the United Arab Emirates (UAE) with compliant private medical insurance (PMI) products.The partnership means that employers with staff based in the UAE will now be offered one of four bespoke international PMI ...
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Johnson Fleming awarded Pension Quality Mark for its own scheme
Johnson Fleming has been awarded a Pension Quality Mark (PQM) Plus for its group personal pension (GPP) plan.Awarded by the National Association of Pension Funds (NAPF), the PQM recognises DC pension schemes with contributions of at least 15%, with a minimum employer contribution of 10%.The group pensions, risk and healthcare ...
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Canada Life research: A third of employees want better work-life balance
More than a third (37%) of employees would like a better work-life balance, according to research by Canada Life.The Canada Life research into employee absence, which surveyed 1,226 people in August 2011, asked what incentives could be offered to prevent employees taking time off work.For most respondents, flexible working was ...
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Simplyhealth research: Tax breaks on PMI provision will ease burden on NHS
Over half (55%) of senior managers with HR responsibilities believe organisations should be given tax breaks to provide all staff with private medical insurance (PMI) and ease the burden on the NHS, according to research by Simplyhealth.The research findings follow Dame Carol Black and David Frost’s review into sickness absence, ...
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Sainsbury’s supports staff on Carers Rights Day
Sainsbury’s has joined forces with Carers UK to support employees who care for an ill or disabled loved one.Because 2 December is Carers Rights Day, the supermarket chain is distributing Carers UK’s advice guide, which offers information on juggling work and care.Sainsbury’s has also sponsored 50,000 copies of the guide, ...