All Employee Benefits articles in Web Issue – Page 502
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Analysis
How to get a complete retirement forecast with multiple pension schemes
Employees in multiple pension schemes can find it hard to get an overall view of their retirement income, says Ceri Jones.Creating meaningful pension forecasts for employees in multiple schemes is a tricky task. In particular, where employers have closed a defined benefit (DB) scheme to future accrual and staff are ...
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Article
Workplace Savings News: The Platforum offers guide to corporate platforms
Corporate platforms offer powerful integrated systems to employers who want to help their employees maximise their savings in the workplace.If they have only just come onto your radar, you can get up to speed with a free independent report from The Platforum, who are experts in the field.The report offers ...
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Article
Workplace Savings News: Employers are favouring corporate platforms
One-third (33%) of delegates who attended the Employee Benefits Pensions and Workplace Savings Summit 2012 will be bringing their financial benefits together in a corporate platform this year, according to a flash poll conducted at the event.During the panel debate 'Holistic approaches to workplace savings - new era or false ...
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Analysis
Workplace Savings Viewpoint: Corporate platforms
Corporate platforms offer an integrated way to manage pensions and savings benefits that should boost engagement, says Holly MackayCorporate platforms (or corporate wraps, as they are also known) are the latest tool to be crafted by the retirement savings industry. They are designed to house workplace savings, which have traditionally ...
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Article
Interview with Marie Jay, head of strategic HR at Countrywide Group
Q&A:How would you describe yourself? An optimist who enjoys new challenges.What management books do you read? The 7 Habits of Highly Effective People by Stephen R Covey is on my to-read list.What is your favourite benefit? Our discount scheme, because it offers something for everyone.Curriculum Vitae:2009-present head of strategic HR, ...
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Analysis
Are HR professionals cut out of key reward decisions?
If you read nothing else,read this… Compensation and benefits professionals may be bypassed on key reward decisions. HR issues that are often devolved to line managers include staff motivation, talent management and sickness absence, while executive compensation decisions may be made by remuneration committees. If responsibility is to be devolved, ...
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Article
Debi O'Donovan: It's time for a raise in share scheme limits
At last month’s Employee Benefits Pensions and Workplace Savings Summit, several employers called for a review on the limits around approved employee share schemes. Hopefully, their appeals will fall on open ears as the government launches an internal review into employee share ownership that will report in the summer and ...
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Analysis
Workplace Savings Viewpoint: Debt management
Taking full advantage of the benefits available from their employer can help employees keep their finances under control, says Keith TondeurOver the years, many people have said to me that despite being offered generous benefit schemes by their employer, they just can't afford to join them.Sadly, this is a reflection ...
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Case Studies
People management leaders deliver KPMG policies
In 2005, professional services firm KPMG appointed between 350 and 400 employees working in internal and client-facing parts of the business as people management leaders, who could deliver the employer’s reward policies.The leaders, who typically manage teams of between 10 and 50 employees, have the autonomy to award pay rises ...
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Case Studies
Source takes employees sailing and skiing
Media recruitment firm Source boosts employee engagement with quarterly nights out for the whole company, plus weekend trips away twice a year.These events are kept separate from work-related activities, and range from dinner and drinks to go-karting, bowling, medieval banquet nights, wine tasting and a karaoke party on a private ...
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Analysis
Workplace Savings Viewpoint: An exciting journey
Corporate platforms will help employers and employees get to grips with a new era in pensions and workplace savings, says Padraig FloydThe government has pinned its hopes on the workplace becoming the hub for the population's future saving plans. People trust their employer far more than they do government or ...
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Article
Jane Fenwick moves to Shire Pharmaceuticals
Shire Pharmaceuticals has appointed Jane Fenwick associate director, total rewards.†With almost 12 years experience in the benefits industry, her previous roles include: international reward manager at Marks and Spencer; reward manager, Europe, Asia and US at Cable and Wireless; compensation consultant at GlaxoSmithKline; and HR adviser, compensation and benefits at ...
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Article
Fran Waudby joins Rank Group
Rank Group has appointed Fran Waudby compensation and benefits analyst.Her previous roles in the industry include interim global reward adviser at Tullow Oil; senior European compensation and benefits consultant at AOL; HR systems and process manager at AOL; and HR process analyst at Centrica.Read more about career in reward and ...
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Article
Number of staff saving into a pension scheme hits new low
The numbers of workers saving into a pension has fallen to a new low, according to statistics from the Office for National Statistics.The figures show only 48% of workers are saving into a pension, the first time the figure has fallen below 50% since ONS began collecting the information in ...
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Article
Informa offers three-tiered workplace savings strategy
Media firm Informa has developed a three-tiered workplace savings strategy to cater for its diverse, 3,200-strong UK workforce.The strategy is divided into short-, medium- and long-term savings options.The short-term savings vehicle is a stocks and shares individual savings account (Isa), which will be introduced in April 2012. Informa had planned ...
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Analysis
Preparing for the real-time information programme
If you read nothing else, read this… Employers will be required to send HMRC information about employees’ pay and deductions before, or when, they run their payroll process, rather than at the end of the tax year. Year-end submission of P14s for all staff, a P35 summary and employer declaration, ...
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Article
Workplace Savings News: Standard Life launches range of new investments
Standard Life has launched a range of investments for corporate pension members, including auto-enrolment default options.Research by the insurer showed employees find a wide range of investments confusing but want to choose the right level of risk and return and then have it managed by experts. Employers, however, want to ...
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Article
TD role for Karen Sharples
TD Direct Investing (Europe) has appointed Karen Sharples reward analyst.Sharples’ previous roles include reward consultant at Bupa; compensation and benefits adviser at Pearson Vue; HR officer at British Vita; personnel administrator at Armacell; and personnel administrator at JD Williams.Read more about career in reward and benefits
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Article
Workplace Savings News: Mastertrusts in spotlight
The revival of mastertrusts for occupational pension schemes has stirred up old arguments in the run-up to auto-enrolment.Steve Goddard, managing director of Goddard Perry, which runs the Pensions Master Trust, said: "Mastertrusts offer employers lower-cost pension provision while maintaining some control over the scheme, which is lost under a contract-based ...
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Article
EXCLUSIVE: EB Summit: Veolia aims to educate all employees about saving
Financial education is needed throughout organisations, from low-paid workers right up to senior executives, according to Mike Sullivan, head of employee benefits and pensions at Veolia Environnement UK.During a panel session at the Employee Benefits Pensions and Workplace Savings Summit 2012, entitled 'Holistic approaches to workplace saving - new era ...