All Employee Benefits articles in Web Issue – Page 672
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Article
Midcounties Co-op appoints Towers Watson
The Midcounties Co-operative has appointed Towers Watson to manage the investment portfolio of its £145-million defined benefit pension scheme.Towers Watson’s delegated investment service provides an integrated approach to managing assets against liabilities for all sizes of pension funds.Chris Ford, Europe, Middle East and Africa (EMEA) head of investment at Towers ...
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Article
Bank of America extends smoking cessation plan
EXCLUSIVE: Bank of America Merrill Lynch (BAML) is to expand its smoking cessation programme after a successful pilot in May and June 2013.The bank launched the pilot at its financial centre in the City, and will now roll out a second session in the City and at its Canary Wharf ...
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Article
Increased openness to wider pension investment strategies
More than a third (40%) of respondents are open to the idea of investing in new asset classes, according to research by Aon Hewitt.The consultancy’s survey of more than 750 delegates at its annual pension conferences highlighted the increasing willingness of trustees to consider a wider range of asset classes ...
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Article
BHSF acquires Occupational Health Consultants
Health insurance provider BHSF has acquired Occupational Health Consultants (OHC).The agreement will see OHC become part of BHSF Occupational Health.Peter Maskell, group chief executive of BHSF, said: “We are very pleased to have struck a deal to acquire OHC, which will double the size of BHSF Occupational Health.“We are looking ...
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Article
Sodexo recognises long-serving staff
Facilities management organisation Sodexo has hosted a restaurant cruise to recognise more than 100 employees for their long service with the organisation.These employees, who have completed 20, 30 or 40 years’ service, were treated to a lunch on-board Bateaux London’s Symphony, a restaurant cruise vessel.Following the cruise along the Thames, ...
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Article
New guidance on public sector pension transfers
HM Treasury has published new Fair Deal guidance on the transfer of public sector pensions.The new approach to Fair Deal set out in the guidance, Fair Deal for staff pensions: staff transfer from central government, aims to ensure that staff compulsorily transferred out of the public sector will continue to ...
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Article
Which charity should the Employee Benefits Awards support?
Vote on poll right.Every year, Employee Benefits selects a charity partner to support through the Employee Benefits Awards.We would value your opinion on which charity we should support in 2014, based on suggestions we have received from members of our LinkedIn groups. The shortlist is Mind and Tomorrow’s People.Our chosen ...
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Article
44% do not feel motivated at work
Almost half (44%) of respondents do not feel motivated in the workplace, according to research by management consultancy Hay Group.Its research is based on its Insight database, which includes information from more than 400 organisations across 46 countries, representing 6.7 million employees.The research found that levels of engagement in the ...
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Article
Bank of England and FCA respond to remuneration report
The Bank of England and the Financial Conduct Authority (FCA) have both published their responses to a report on a revised remuneration code for the banking industry.The Changing banking for good report, which was published by the Parliamentary Commission on Banking Standards (PCBS) in June 2013, made a series of ...
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Article
Ineos Refining consults on DB pension closure
Ineos Refining is consulting with employees on the closure of its defined benefit (DB) pension scheme.If it does not do so, it faces the risk of having to close its Grangemouth petrochemicals plant near Falkirk, Scotland. The plant, which provides nearly all of Scotland’s petrol and diesel, will close before ...
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Pg 16-17 – Interactive – The month in numbers
3,000 – The number of Mitie Group employees in its latest sharesave scheme (see Mitie Group integrates employee benefits across businesses).£182 – The amount per week an employee must be earning to be auto-enrolled into a workplace pension (see The challenges of auto-enrolling weekly-paid employees).6 – The number of management ...
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Supplier article
Pg 16-17 – Interactive – Top 10 most visited stories on the web
1. Employee Benefits Live 2013 speaker slides2. Secondsight research: 32% do not plan to comply with pension auto-enrolment3. Office of Fair Trading publishes DC pensions market report4. Grant Thornton launches salary sacrifice car scheme5. Bank of America extends smoking cessation programme6. Grant Thornton overcomes auto-enrolment postponement challenges7. Barclays launches workplace ...
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Supplier article
Pg 16-17 – Interactive – Tweets from Employee Benefits Live
Amazing two days at #EBLive2013. Feeling very inspired to start looking at our reward strategy and plan #blueskythinkingEmma Pearson is people adviser, reward at One Stop ShopsGood session at #EBLive2013 today. Also good to see old friends again.Dev Raval is former reward director at BSkyB and VodafoneHR and low #pay. ...
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Supplier article
Pg 16-17 – Interactive – LinkedIn Discussion Board
I totally agree with ‘small data that really matters’. More consideration is sometimes needed to what HR actually wants to analyse or extract and how it will add business value. Big data is not valuable if it takes more time in production than it does in analysis, discussion and action.Natalie ...
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Article
Dr Benjamin Reid: How can employers offer benefits to suit allgenerations?
The days of treating all employees as a ‘lump’ of labour, with the same package or deal across the board, are long gone. How to segment the workforce is therefore a pressing issue, and triaging by generation is an increasingly popular approach, of which the report Talking about my generation: ...
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Article
Almost 600,000 Londoners stuck in low pay
Almost 600,000 Londoners, equivalent to one in seven employees, have been stuck in low pay for at least a year, according to research commissioned by Trust for London and carried out by the Centre for Economic and Social Inclusion (CESI).Its Work in progress report, which surveyed more than 100 employment ...
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Article
Pay inflation at highest level since 2008
Permanent salary inflation increased in September, reaching its sharpest growth since February 2008, according to research by the Recruitment and Employment Confederation (REC) and KPMG.The Report on jobs, which draws on original survey data provided by recruitment consultancies, found that temporary pay inflation also accelerated, with the latest rise only ...
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Article
Ardagh Group staff accept pay deal
Ardagh Group employees have accepted a 6% pay rise over two years.Staff at the packaging organisation’s glass sites in Yorkshire and Scotland, who are members of the union Unite, have voted in favour (80%) of accepting the pay rise, which is an improvement on the 5.5% that had previously been ...
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BT and Unilever focus on depression at work
Large European employers, such as Barclays, BT Group, Deutsche Post DHL, Royal Mail Group and Unilever, have launched an initiative to combat the impact depression and its cognitive symptoms have in the workplace.The employers, which collectively employ more than 600,000 employees in Europe, have formed a steering committee, called Targeting ...
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Mills & Reeve aligns auto-enrolment with flexible benefits
EXCLUSIVE: Mills and Reeve has aligned pensions auto-enrolment with its annual flexible benefits enrolment window.The law firm has 888 UK employees, but will also include 80 new employees who are part of the June 2013 merger with law firm George Davis.Samantha Neaves, reward and HR information systems manager, said: “Following ...