All Employee Benefits articles in Web Issue – Page 589
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Wealth at Work appoints new chairman
Wealth at Work has appointed Alan Whalley chairman.Until 2012, Whalley was UK chief executive at consultancy Mercer. He has also held positions at Watson Wyatt (now Towers Watson), including European managing partner and US regional manager.Whalley said: “I am passionate about meeting the rapidly growing need to help people manage ...
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SR Technics UK completes pension buy-out
SR Technics UK has completed a pension insurance buy-out that covers £200 million of pension liabilities and 2,500 members.Its defined benefit (DB) pension scheme was formerly in the Pension Protection Fund (PPF) assessment process. The transaction will enable the trustees of the scheme to grant members an uplift in excess ...
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Adecco rejigs pensions for auto-enrolment
EXCLUSIVE: Adecco UK and Ireland is to harmonise a series of pension arrangements, introduce a multi-employer trust for its weekly-paid staff and a group personal pension (GPP) plan for its monthly-paid staff to comply with its auto-enrolment duties.The group of recruitment organisations has 20,000 weekly-paid staff and 3,000 monthly paid ...
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Employee Benefits Live will take place on 25-26 September 2013 in London
For 2012, Employee Benefits Live moved to Olympia National Hall, London and the show was bigger and better than ever!With 38 Conference sessions, over 100 leading reward and benefits providers and lots of brand new Show features, Employee Benefits Live continues to be the must attend event for anyone in ...
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Employee Benefits Awards 2013 is the benefits celebration of the year
Whether or not you have entered the Employee Benefits Awards 2013 it is THE social celebration of the year for everyone in the UK benefits industry.From benefits, pensions and HR managers to suppliers and advisers, this is where those with the finger on the pulse network.You can view details, including ...
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Half of employers do not see RTI benefits
Just under half of employer respondents do not see the benefits of real-time information (RTI) reporting, according to research by the Forum of Private Business (FPB).The latest Referendum study, carried out quarterly among FPB members, found that 17% of respondents saw the overall benefits of RTI and 27% saw the ...
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High pay not needed for CEO retention
The need to offer high pay packets to attract top employees to the UK from the global talent pool is a ‘self-serving myth’, according to a report by the High Pay Centre.The Global CEO appointments: a very domestic affair report, which looked at chief executive officer (CEO) appointments among the ...
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Removal of Nest restrictions urgent
The government’s Work and Pensions Committee has recommended the national employment savings trust’s (Nest) cap on annual contributions be removed, as well as the ban on transfers in and out of the scheme.In its report, Lifting the restrictions on Nest, the Work and Pensions Committee urged the government to introduce ...
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Vote for the best workplace savings platform
The Platforum has teamed up with Employee Benefits to find out which workplace savings platform is the best in the market.If you are an employer which offers your staff a workplace savings platform, or an adviser which recommends them to employer clients then we would like your vote.Vote hereVoting closes ...
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Pensions auto-enrolment handbook 2013
The handbook examines:the importance of having an integrated plan of actiontechnology, including middlewareadministrative suppportpension scheme governanceThe supplement also analyses the key considerations for employers when deciding on advisers and providers to help them with their projects.
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Employers struggle with global health insurance
A quarter (23%) of employer respondents would like to provide international health insurance to employees but can not afford to do so, according to research by Expacare.Its Anatomy of an international business report found that 28% of respondents viewed international health insurace as essential for any employees working abroad, but ...
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L&G to launch DB pension monitoring platform
Legal and General Investment Management (LGIM) has partnered PensionsFirst to launch an online analytics and monitoring platform for defined benefit (DB) pension schemes.The partnership combines LGIM’s understanding of the needs of pension schemes with PensionsFirst’s provision of DB risk analytics and reporting.The platform has been designed for use by governance-constrained ...
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G1 Group appoints auto-enrolment consultancy
G1 Group has appointed a pensions consultancy to help prepare for its auto-enrolment staging date of August 2013.The Scottish leisure operator, which employs 1,800 staff in bars, clubs and restaurants, will receive a full financial analysis of its pension costs and advice regarding the selection of a suitable pension provider ...
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Government looks to simplify auto-enrolment
The government is to launch a consultation in March on proposals to make auto-enrolment simpler.The proposals are based on feedback received since the implementation of the reforms began in October 2012. These include a list of areas that could benefit from practical and technical improvements, including:Making the assessment of the ...
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Pension deficits decrease by £33.5bn
The aggregate deficit of UK pension schemes has decreased by £33.5 billion over the month of January, according to research by the Pension Protection Fund.Its PPF 7800 index, which measures the funding positions of 6,316 UK private sector pension schemes, found that the deficit at the end of January 2013 ...
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Wages will not rise until late 2014
Average wages are not expected to rise in real terms until late 2014 after a period of stagnation and decline, according to a report by Resolution Foundation.Its Squeezed Britain 2013 report, is an audit of the economic circumstances of the country’s 10 million adults living on low-to-middle incomes.It found that, ...
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Barclays Group pension deficits rise
Barclays Group’s total pension deficits increased by £1.1 billion in 2012, from £0.2 billion at 31 December 2011 to £1.3 billion at 31 December 2012.In its Full year 2012 results, the banking group said this reflected recognised assets of £2.1 billion and unrecognised actuarial losses of £3.4 billion.Barclays Group’s main ...
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Virgin Media defers bonus payments
Virgin Media is to enable staff to be able to postpone payment of their 2012 performance bonuses until 6 April 2013.The deferral of the bonuses will allow all employees to take advantage of the change in the top-rate of tax, which will fall from 50% to 45% on this date.A ...
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Link up at Employee Benefits Connect in London on 1 March 2013
Booking now open: on the Employee Benefits Connect website.The event partners with leading advisers and suppliers to present new research, blue-sky thinking or insights into the influencers that will affect the workplace, society and employees in the coming years.In 2013, there will be three new conferences within the event: one ...
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International reward supplement 2013
Employee Benefits’ International reward supplement rounds up the latest trends in international reward markets and considers the future shape of employers’ benefits take-up.The report (download pdf) covers:Teresa Rogers: Local support is the keyPensions provision around the globeKBC banks on three-fund strategyGabriel Bernardino: Pan-European savingsGlobal reward needs local balanceInternational PMI must ...