All Employee Benefits articles in Web Issue – Page 607
-
Article
Informa runs global fitness challenge
EXCLUSIVE: Informa has held a fitness challenge for its 8,000 employees globally to encourage staff health and wellbeing.February Fitness saw 100 teams from Australia, Switzerland, Singapore, the UK and the US cycle, swim, run or walk to support their favourite charity.Employees covered 50,000 miles, with three winning teams each receiving ...
-
Article
Many SMEs unaware of auto-enrolment
More than half (56%) of small and medium-sized employers (SMEs) surveyed said they do not know what auto-enrolment is or are not aware how it applies to their organisation, according to research by RSM Tenon.The RSM Tenon business barometer, a quarterly survey carried out by YouGov among organisations with between ...
-
Article
St Andrew’s Healthcare pilots RTI
St Andrew’s Healthcare has completed a real-time information (RTI) reporting pilot ahead of the legislation coming into effect on 6 April 2013.From this date, all employers will be legally required to report pay-as-you-earn (PAYE) in real time.The mental healthcare charity was invited by HM Revenue and Customs to participate in ...
-
Article
Benefits not seen as a tool to support business performance
Only a quarter (26%) of employer respondents understand or value the role of benefits as a tool to support business performance, according to research by Edenred.Its Engage to perform study, which examined the key priorities for benefits professionals in 2013, found that 69% of respondents said the role of benefits ...
-
Article
Report on employee ownership published
The Employee Ownership Association (EOA) has published a report that calls for a three-fold increase in the value of employee-owned firms to UK gross domestic product (GDP) by 2020.The Employee ownership impact report, which makes the business case for more organisations to opt for employee ownership, showed that the sector ...
-
Article
Centrica pays executive directors £16.4m
Centrica paid its five executive directors £16.4 million in pay and bonuses in 2012, up £1 million from the £15.4 million paid in 2011.The utilities firm’s Annual report and accounts 2012 showed that chief executive Sam Laidlaw was paid £4.96 million, compared to the £4.97 million he rceived in 2011.It ...
-
Article
DOD’s blog: Egging on healthy engagement at work
Last week I did a speaking stint on the same platform as a couple of Towers Watson consultants who were talking about their latest health and wellbeing research.As I sat and listened to their presentation it struck me how leading UK HR and benefits managers are really ‘getting’ employee health ...
-
Article
1 office romance, 12 pay rises, 125 sick days
And now something for the weekend…The average adult’s professional life consists of six jobs, 12 pay rises and one office romance, according to research by healthcare provider Benenden Health.The Working life survey also revealed that the average person will experience 125 sick days, turn up late for work 188 times ...
-
Article
Group risk premiums up by 9.7% in 2012
Total paid group risk premiums in the UK rose by 9.7% in 2012, according to research by reinsurance provider Swiss Re Group.The organisation’s Group watch 2013 report, which surveyed 43 organisations, revealed that there were some increases in rates, as well as in the overall numbers of lives and schemes ...
-
Article
Phones 4U sets plan for auto-enrolment
Phones 4U has chosen its pensions auto-enrolment product to comply with its staging date of 1 May 2013.The mobile retailer will use Staffcare’s Auto-Enrolment Portal to enrol its 5,000 UK employees into a group personal pension (GPP) plan with Aegon.Its pension advisers, Close Brothers, will manage the employer’s day-to-day auto-enrolment ...
-
Article
Most employers proactively record staff absence
The majority (82%) of respondents proactively record, monitor and manage employee absence, according to research by industry body Group Risk Development (Grid).Its Group risk employer research study, which surveyed 500 organisations, found that 27% of respondents already publish their absence statistics in their annual report and accounts, while 48% are ...
-
Article
Bright Horizons acquires Kidsunlimited
Childcare provider Bright Horizons has acquired Kidsunlimited, which has 64 nurseries and a childcare voucher business.The acquisition means Bright Horizons will operate more than 200 nurseries across the UK and Ireland.The transaction officially closed on 10 April 2013 for a cash consideration of £45 million.Carole Edmond, managing director at Bright ...
-
Article
Legal and General adds face-to-face counselling to GIP
Legal and General has added free face-to-face counselling sessions to its group income protection (GIP) product.Employees covered by a Legal and General GIP policy can have up to five face-to-face counselling sessions if needed.The sessions are offered as part of Legal and General’s enhanced employee assistance programme (EAP), which is ...
-
Article
Employees not confidant their pension will deliver adequate income
More than half (57%) of respondents are not confident their pension will deliver an adequate retirement income, according to research by consultancy Hymans Robertson.Its research, which surveyed 500 UK adults who save into a defined contribution (DC) pension scheme, found that 23% of respondents do not know how much of ...
-
Article
Aegon launches auto-enrolment investment range
Aegon UK has launched a new range of pension investment funds that can be used as default funds.The range, which includes eight lifestyle funds, is available on the Aegon Retirement Choices (ARC) platform. This includes a default fund, called the Aegon’s MI Workplace Savings (M) fund.Investment management firm BlackRock have ...
-
Article
Employers want default retirement age reinstated
Nearly half (47%) of respondents would like to see the default retirement age (DRA) reinstated, according to research by global law firm Eversheds.The DRA was scrapped in October 2011, after a phase-out that began in April.The research, which was conducted among 307 employers, found that fewer than 3% of respondents ...
-
Article
Stansted Airport staff given new pensions
Manchester Airports Group (MAG) has launched two new pension schemes for the 1,200 London Stansted airport employees who became part of the organisation following an acquisition in February 2013.The arrangements, a defined benefit (DB) pension scheme and a trust-based defined contribution (DC) pension plan, have been designed to replicate the ...
-
Article
Tesco to launch pensions annuity comparison service
Tesco is planning to add a pensions annuity service to its existing Tesco Compare price comparison website.The service will enable pension savers that are approaching retirement to shop around for the annuity that pays the highest income.Tesco does not plan to sell own-brand products, but will introduce users to UK ...
-
Article
Nest to launch auto-enrolment guidance site
The National Employment Savings Trust (Nest) is to launch an auto-enrolment website giving guidance for employers and advisers on 6 May 2013.The online help centre will include:Information on employer duties, including employer guides.Guidance to help with employer preparation and online set-up of a Nest pension.Information about the key tasks of ...
-
Video
Carol Young: How Heineken is preparing for auto-enrolment
Carol Young, pensions manager at Heineken (UK), speaks to Jennifer Paterson, senior reporter at Employee Benefits, about how Heineken is managing its obligations to implement pensions auto-enrolment.Heineken’s staging date is 1 August 2013, but it is already extemely well-prepared for this legislative change.Young urges other employers to start preparing as ...