All Employee Benefits articles in Web Issue – Page 646
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Article
Lifting Nest restrictions should create a level playing field
The pensions industry, including Nest, has widely supported the move. Logan Anderson, head of customer relations at The Pensions Trust, said: “The removal of Nest’s restrictions is a good thing, because these act as a barrier to encourage greater savings among employers and their employees. [Prior to lifting the restrictions] ...
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Article
Royal Mail privatisation is landmark for employee ownership
Vince Cable, business secretary, confirmed that Royal Mail staff would be given 10% of the organisation’s shares after its flotation on the London Stock Exchange, planned for later this year. The government has hailed the move as the second biggest employee share scheme in 30 years in terms of the ...
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AnalysisReward's role in building trust
If you read nothing else, read this…Organisational trust is based on co-operation, co-ordination and collaboration.Employers should be realistic to staff about their employment proposition.Robust service level agreements are not the only way employers can build trust-based relationships with providers.A desire to rebuild employee and investor trust was clearly at the ...
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Article
Workplace flexibility in the spotlight
The Flex Factor report, published by think-tank RSA and Vodafone UK in July, found that UK employers could see cost reductions and productivity gains worth up to £8.1 billion by optimising their approach to flexible working.Dr Steven Poelmans (pictured), professor and director of the Coaching Competency Centre at the EADA ...
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Article
Zenith launches wellbeing seminars for staff
Zenith has extended its employee wellbeing programme with lunchtime seminars for employees.The seminars will cover a range of topics, including stress awareness, building resilience, positive thinking, and the link between nutrition and mental health.The fleet management organisation, which has 210 employees, has added the seminars to its package of wellbeing ...
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Article
More than £35bn paid into FTSE 350 pensions
FTSE 350 organisations have paid more than £35 billion into their pension schemes over the last three years with little effect on overall deficits, according to research by pension consultancy Barnett Waddingham.The research, which highlights the impact defined benefit (DB) pension schemes are having on FTSE 350 organisations, found that ...
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Article
Former MI5 head to deliver keynote at Employee Benefits Live
Manningham-Buller, who headed Britain’s Security Service from 2002 to 2007, led the organisation though substantial change in the wake of 9/11 and the threat from Al-Qaeda. During this time, MI5 also doubled in size and altered its approach to the professional development of staff.For more information and to register to ...
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ArticleEmployee Benefits magazine – August 2013
Editor’s note:We spotted that trust is becoming a hot topic in HR circles. So in this August issue of Employee Benefits we opted to look at it through a benefits prism in our cover story Position of trust (see page 20).We were also pleased to get time with HSBC’s head ...
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Article
Average annual salaries down by 2.1%
The average advertised annual salary in June 2013 stood at £33,414, 2.1% lower than in June 2012, according to research by Adzuna.co.uk.Its UK Job market report, which collected online job vacancies and analysed data in real time, found that this equates to a drop of more than £700 over the ...
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Article
Consultation published on variable pay for bankers
The European Banking Authority (EBA) has launched a consultation on the instruments that can be used by banks to satisfy the standards of its bankers’ bonus cap legislation.The EBA’s draft Regulatory Technical Standards, which includes the requirement for banks to pay 50% of variable remuneration in non-cash instruments, is expected ...
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Article
Mattioli Woods acquires Atkinson Bolton
Pensions and wealth management firm Mattioli Woods has acquired employee benefits and wealth management business Atkinson Bolton.The deal will see an additional £420 million of funds under management and advice, with 50 employees added to the group, which now employs more than 300 staff and has more than £4 billion ...
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Supplier article
Health Shield joins the Association of Medical Insurance Intermediaries
AMII promotes and maintains high standards of professional and ethical conduct amongst members, and aims to increase awareness of the role of specialist medical insurance advisers. Members adhere to a code of ethics and commit to ongoing professional development.The organisation voted to open up its membership to insurance companies at ...
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ArticleYoung people could lose £100,000 on pensions
Young people who delay saving for a pension until they reach middle age could lose up to £100,000 in employer pension contributions and tax relief, according to research by pension consultancy Barnett Waddingham.The research found that a 25-year-old, earning £25,000 per year, who delays joining a generous workplace pension scheme ...
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Article
Sports13 partners PosturePip for workplace health
Workplace health and wellbeing organisation Sports13 has partnered PosturePip to offers its product to employers.PosturePip, which is designed to help office workers improve their posture, health and wellbeing, is an animated exercise reminder in the form of a virtual pet to demonstrate and encourage the performance of simple exercises.It is ...
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ArticleMost Britons think 20s is ideal time to start pension savings
The majority (91%) of respondents believe it is best for individuals to start saving into a pension in their 20s, according to research by the Money Advice Service.The financial capability of the UK report surveyed more than 5,000 people and followed 72 families closely for a year to provide a ...
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Article
William Hill staff to receive £3.5m sharesave payout
William Hill employees are to share a £3.5 million-payout from the organisation’s three-year sharesave plan.Almost 550 UK employees will benefit from a rise in the organisation’s share price from £1.48 to £4.86 during the period of July 2010 to July 2013.In 2012, almost 700 employees received a £3.5 million-payout after ...
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Article
L&G sees 5% auto-enrolment opt out
EXCLUSIVE: Legal and General has only seen 5%, 11 of 207, auto-enrolled employees opt out since its staging date on 1 April.Prior to staging, 700 employees were in a defined benefit (DB) pension scheme that is closed to future accrual and all but 207 of the remainder of its 7,500 ...
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Article
ABI launches annuity initiative
The Association of British Insurers (ABI) is to publish specimen annuity rates offered by its members to highlight the importance of shopping around for the best deal when it comes to buying an annuity.The publication is part of the ABI’s Code of conduct on retirement choices, which was launched in ...
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Article
A third unconcerned about funding retirement
One-third (33%) of respondents who are at retirement or are looking to retire in the future are unconcerned about funding their retirement, according to Close Brothers Asset Management.Its inaugural Trends in wealth report: Road to retirement, which surveyed more than 1,000 UK adults with gross household incomes of £70,000 or ...
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Article
Heatwave causes spike in absence rates
Almost a third (30%) of respondents have noticed a rise in absence rates during the UK’s recent hot weather, according to research commissioned by PMI Health Group.The study, which was conducted among 93 medium-sized and large employers, found that more than half (54%) of respondents do not operate flexible-working policies ...