All Employee Benefits articles in Web Issue – Page 598
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Article
Wealth at Work launches retirement options service
Wealth at Work has launched a retirement income option service, which is designed to ensure employees maximise their retirement income.The service includes:Financial education, which will ensure employees understand the retirement income options available to them.Internet support tools to help support employees on all aspects of retirement which are easily accessible ...
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Article
MetLife launches master trust for SMEs
Insurer MetLife has launched a master trust for small and medium-sized enterprises (SMEs).The MetLife Master Trust helps employers insure lump-sum death benefits for staff and their partners to avoid the cost and administrative time involved in setting up their own pension scheme, as well as having to appoint trustees and ...
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Article
Saving for retirement not top priority
Only one-fifth (21%) of respondents said that saving for retirement was their top financial priority, according to research by Friends Life.Its survey of 1,600 employees over the age of 50, found that this age group is more focused on making ends meet (23%), saving for holidays or leisure activities (15%) ...
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Article
Chinese boss outsources daughter's homework to staff
Something for the weekend …A savvy boss in China sneakily outsourced his 12-year-old daughter’s homework assignments to nine of his employees.According to local newspaper, the Qianjiang Evening News, the demanding daughter forced the employees to stay up late for two nights because, instead of picking one homework option from a ...
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Article
Punter Southall launches healthcare risk management platform
Punter Southall Health and Protection Consulting has launched a risk management platform to help employers ensure their employees are covered by the life assurance and group income protection benefits they offer.For example, it will notify an employer if any of its employees exceed age limits written into their insurance policies. ...
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Article
JP Morgan to launch family homecare scheme
JP Morgan is to launch a family homecare scheme, which includes up to six weeks at-home assistance in the event of an accident or unforeseen illness.The Insured Family Homecare scheme, which will go live on 1 April 2013, includes personal care, domestic help, meal preparation, and transport to and from ...
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Article
Employers change contribution structure for auto-enrolment
EB Connect 2013: Employers need to consider their pension contribution structure when complying with auto-enrolment to ensure that it is future-proof.During a panel session at Employee Benefits Connect on 1 March, pensions and benefits profiessionals from Heineken, British Airways (BA) and Marriott Hotels Europe discussed the lessons they have learned ...
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Article
Engagement vital for business transformation
EB Connect 2013: The key to transforming a business and achieving maximum success is to motivate and engage all employees with the organisation and its objectives, according to Kevin Gaskell, former managing director of Porsche and BMW.Speaking in the opening keynote session ‘Turbulence and recession: the perfect opportunity’ at Employee ...
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Article
New markets require reward compromises
EB Connect 2013: Moving into new markets, whether developing or developed, requires compromises from all parties involved, according to John Beadle, global practice leader, performance and reward at Rio Tinto.Speaking at Employee Benefits Connect 2013 on 1 March, Beadle said that while employers moving into new markets may want consistent ...
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Article
GSK considers healthcare policy for older staff
EB Connect 2013: GlaxoSmithKline (GSK) is deciding how to create a healthcare policy for older employees.The pharmaceutical business’s diversity and inclusiveness team has launched a think tank to consider possible options, according to doctor Arif Jiwany, an occupational health physician at GSK. The strategy will be formulated over the next ...
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Article
Hotel group considers global framework vital
EB Connect 2013: It is vital to consider framework and processes when implementing a global reward infrastructure, said Nicos Nicolaides, director, compensation and benefits, Europe, Intercontinental Hotels Group (IHG) at Employee Benefits Connect on 1 March.Speaking at a session on what to consider when building a global reward infrastructure, he ...
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Article
Tackle global differences with unique strategies
EB Connect 2013: Employers must recognise that there is no one-size-fits all approach to a global reward strategy.Speaking at Employee Benefits Connect on 1 March, Caroline Jowett-Ive, group vice-president reward-human resources at Travelport (pictured), explained that the company’s reward strategy in emerging markets is closely aligned to business strategy, as ...
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Article
FTSE 100 chairmen receive 6% pay boost
FTSE 100 chairmen received a 6% average pay rise in 2012, according to research by Incomes Data Services (IDS).The report into non-executive directors’ pay found that the average fee for a non-executive chairman was £397,350 in 2012.Meanwhile average fees for chairmen ranged from £270,000 in technology organisations to £517,943 in ...
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Article
Costain offers new HR and payroll system
Engineering organisation Costain has implemented an auto-enrolment and payroll services system.It will use Ceridian’s software-as-a-service (SAAS) suite of products to offer its 3,000 employees managed payroll, HR administration, workforce management, performance management and auto-enrolment modules, among others.Fiona Ware, HR director at Costain, said: “While a [software-as-a-service product] was identified from ...
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Supplier article
Health Shield features in 100 Best Not-For-Profit Organisations to Work For
Jonathan Burton, chief executive at Health Shield, said: “We are absolutely thrilled to have entered the 100 Best Not-For-Profit Organisations to Work For list for the very first time — a glowing endorsement of the highest order.“This acknowledgement reaffirms our commitment to building a successful organisation through high levels of ...
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Article
Buck Consultants launches auto-enrolment system
Buck Consultants has launched an auto-enrolment system, which is designed for small and medium-sized employers.Enrolment Pro can be integrated with employers existing systems or used as a standalone platform. It includes modules that guide employers through each stage of auto-enrolment, from auditing existing systems through to assessing ongoing governance.The modules ...
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Article
Aviva partners CSP on workplace health campaigns
The Chartered Society of Physiotherapy (CSP) has partnered with health insurer Aviva to launch new health awareness campaigns across the UK.? ?The Fit for Work initiative will offer a programme of activity and resources designed to improve the wellbeing of the UK workforce and to highlight the importance of physiotherapy ...
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Article
Towers Watson launches DB pension app
Towers Watson has launched an application (app) for iPads to help employers and trustees understand the factors that affect the size of their defined benefit (DB) pension deficits.The Funding Illustrator App allows employers and trustees to engage with the possible outcomes from actuarial valuations much earlier in the valuation process, ...
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Article
ICR enters into pension insurance buy-in
The Institute of Cancer Research (ICR) Pension Scheme has entered into a pension insurance buy-in to cover £30 million of liabilities for its defined benefit (DB) pension scheme.The buy-in was concluded by Pension Insurance Corporation (PIC). The trustees were advised by Punter Southall and Towers Watson.John Roberts, chair of the ...
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Article
Salaries expected to rise in 2013
Three-quarters (74%) of employer respondents are expecting to increase salaries in 2013, according to research by global management consultancy Hay Group.Its Reward in 2013 report surveyed 125 organisations, representing more than a quarter of a million UK employees.It found that 51% of respondents are expecting to increase salaries by up ...