All Employee Benefits articles in Web Issue – Page 681
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Article
Thomas Hiles: Which wellbeing initiative has the biggest impact on the workforce?
Health screening can be costly and is not always widespread in UK workplaces, sometimes restricted to senior employees. But where it can be extended it is, for me, the most valuable component of a wellbeing programme. This can also explain the cost, although in the flexible benefits world, it can ...
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Article
Norton Rose Fulbright appoints Vicky Rose
Global law firm Norton Rose Fulbright has appointed Vicky Rose rewards, pensions and mobility manager.She was previously associate director, compensation and benefits at Bank of Tokyo Mitsubishi.Her other previous roles in the industry include reward manager at both Inmarsat and at Cardif Pinnacle.
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Article
Canada Life extends terms and conditions on group risk products
Canada Life has extended the terms and conditions on its group risk benefits that are connected to a pension scheme.The extension applies to all employers auto-enrolling employees before 31 December 2014.The provider’s terms and conditions had previously only applied to employers with 250 or more pay-as-you-earn (PAYE) employees.The terms include:No ...
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Article
44% of Britons are suffering from stress
Nearly half (44%) of respondents are currently suffering with stress, according to research by healthcare insurer Bupa.Its research, which surveyed more than 10,000 Britons, found that 28% have experienced stress for more than a year, and that 27% regularly feel close to breaking point.The research has been published to coincide ...
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Article
CIPP appoints head of pensions
The Chartered Institute of Payroll Professionals (CIPP) has appointed Andy Agathangelou (pictured) head of pensions.In the new role, he will provide CIPP members with support, solutions and services to help deliver payroll, pensions and reward.Agathangelou has 25 years’ experience in pensions, which includes a role in the launch of the ...
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Article
Imation UK completes DB pension buyout
Data storage and electronics organisation, Imation UK, has completed an insurance buyout of its defined benefit (DB) pension scheme.The transaction, which covers £21 million of liabilities, was carried out by the Pension Insurance Corporation (PIC). The trustees of the scheme were advised by JLT.John Beckett, regional finance and administration manager ...
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Article
EDF Energy agrees pay terms for Hinkley staff
EDF Energy has reached an agreement on pay and conditions for employees who will build the proposed new Hinkley Point C nuclear power station in Somerset.The agreement, which was reached with trade unions Unite and GMB, applies to electrical and mechanical workers.It confirms their pay and conditions of employment, including ...
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Article
West Cornwall Pasty Company launches master trust
The West Cornwall Pasty Company has launched a master trust to comply with auto-enrolment.The scheme, which was launched on the food retailer’s auto-enrolment staging date of November 2013, will be provided by multi-employer trust provider Now: Pensions.The master trust is available for the organisation’s 400 eligible employees.Lowri Eastgate, head of ...
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ArticleHealth and Wellbeing report 2013
Read the digital version of the Health and Wellbeing 2013 supplement.The supplement includes the following articles:Clare Bettelley: Lipservice is no substitute for proactive wellbeing support Facts and figures on health and wellbeing benefits How to address preventable causes of employee absence Browne Jacobson takes proactive approach to staff wellbeing How ...
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Case Studies
ATS Euromaster re-engages staff through change programme
Five years ago, the organisation was making a financial loss, so newly-appointed group HR director Irene Stark was tasked with helping the business return to profit. “We decided that the best way to do this, and to make sure that any sort of change was sustainable, was to do it ...
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Opinion
Jill Clucas: Changes to pensions lifetime allowance
Accruing benefits above the value of the lifetime allowance is permitted. However, once an individual has used up his or her LTA, any further benefits will be subject to the LTA charge of 55% on lump sums and 25% on pension income, which will also be subject to income tax. ...
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OpinionDavid Webb: Make the most of change
Yet mention change and often the initial reaction is hostile. We can still be locked into a primeval fear of the unknown.Many employers recognise the need to manage change effectively to keep staff working at their best. Handling change badly can have a wider, damaging impact on how an employer ...
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AnalysisHow to identify motivation cold spots
If you read nothing else, read this…Organisational change can create unrest in a workforce.Line managers can play an important role in identifying any engagement and motivation issues.Recognition schemes with clear objectives can help to re-engage and re-motivate staff.Management changes, office relocations and restructuring exercises have been common occurrences during the ...
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Article
Buck appoints head of UK health and productivity
Buck Consultants has appointed Martyn Anwyl (pictured) managing director of its UK health and productivity division.In his new role, he will lead a team of 36 and advise on implementing effective benefits programmes designed to enhance employee wellbeing.Anwyl was previously head of compensation and benefits at Xerox Europe, Buck Consultants’ ...
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Article
16% called in sick due to stress in past year
One in six (16%) respondents called in sick due to stress in the past year, according to research by Friends Life.Its research, which surveyed 2,000 UK employees, found that young people were more likely to feel the pressure, with almost a quarter (24%) of 18-to-24 year olds calling in sick ...
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Article
Collective pension could provide 33% better outcome
Collective pensions could provide a 33% better outcome than individual provision, according to a report by David Pitt-Watson (pictured), lead for the Tomorrow’s Investor programme at the Royal Society for the Encouragement of Arts, Manufactures and Commerce (RSA).The Collective pensions in the UK II report, which follows on from its ...
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Supplier article
BMW reflects on EB awards success
Brian Cunningham, general manager – insurance at BMW (UK) answers question about what it means to win two Employee Benefits’ awards.BMW (UK) was awarded the Grand Prix at the Employee Benefits Awards 2013, and was also recognised for its mental health and wellbeing services as winner of best stress management ...
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Article
Employers to increase focus on health and wellbeing in 2014
Two-thirds (65%) of respondents said health and wellbeing will be an increased priority in 2014, according to research by Edenred and EnergiseYou.The second Annual wellbeing survey, which questioned more than 100 HR professionals, found that the same percentage (65%) are taking a proactive approach to employee health and wellbeing.The research ...
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Article
Schindler Group enters pension insurance buy-in
The Schindler Group (UK) 1988 Pension Scheme has entered into an insurance buy-in.The transaction, which covers all the defined benefit (DB) pension scheme’s liabilities in respect of its current pensioners, was completed by Legal and General’s annuity de-risking business, and advised by JLT Employee Benefits and Pinsent Masons.Ashley Greensmith, chairman ...
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Article
Average gender pay gap is £5,000
Women in full-time employment earn an average of almost £5,000 a year less than men, according to research by the Trades Union Congress (TUC).Its research, which used the Office for National Statistics’ (ONS) Annual survey of hours and earnings 2012 to calculate mean hourly pay, found that women earn less ...