All Employee Benefits articles in Web Issue – Page 696
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Article
Pension charge cap assessment deemed ‘not fit for purpose’
The Regulatory Policy Committee at the Department for Business has ruled that the Department for Work and Pensions’ (DWP) impact assessment on a pension charges cap is ‘not fit for purpose’.The DWP launched its consultation in October, which included a cap on pension charges at 0.75%.The Regulatory Policy Committee said ...
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Article
Ikea to make one-off €100m pension contribution for performance
Ikea Group is to pay €100 million (£83.6 million) in pension contributions in the first year of its new reward programme.The programme, Tack!, which is Swedish for thank you, aims to reward employees who have been with the home furnishing retailer for more than five years with an employer contribution ...
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Article
Top 10 most read stories this week
The top 10 most read articles on employeebenefits.co.uk from 12-19 December:1. Government to raise auto-enrolment threshold2. Court rules on disability and work-related stress3. KPMG increases bonus pool to £73 million4. 39% planning pay rises below retail prices index5. Winter driving tips to keep employees safe6. IBM launches online pension reports7. ...
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Article
Employee benefits for Father Christmas and his staff
Something for the weekend…Christmas time is the busiest period of the year for Father Christmas and his little helpers, but what if there were employee benefits in place to help them gear up for the festive season?The busy elves could have access to an employee assistance programme to help reduce ...
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Article
Global mobility managers to gather in New York for Totally Expat Show
It will be the venue for the most influential global mobility professionals, providers, consultants and industry experts from the north-eastern US to network, discuss and discover new opportunities in the constantly evolving world of expatriate management.From sharing best practice to being updated by leading experts in the field, or meeting ...
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Article
Most expatriates satisfied with benefits provision
Expatriate employees are satisfied with the benefits provided by their multinational employers, according to research by Cigna and the National Foreign Trade Council (NFTC).Its Expatriate trends study 2013, which surveyed 1,511 expatriates in 140 countries, found that 80% of respondents received general relocation services, 63% received settling-in services and 65% ...
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Article
UK teachers stressed over pay and pensions
More than three-quarters (77%) of UK teachers said their workplace stress levels have increased over the past 12 months, according to research carried out by independent polling organisation ComRes.Its research, which looked into teachers’ levels of job satisfaction and wellbeing, found that respondents’ biggest concern regarding their job is their ...
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Article
Southeastern matches employees' charity fundraising
A team of employees from railway organisation Southeastern has raised nearly £11,000 for charity.The Group Walking Challenge included 14 employees who walked 50 miles and passed through 28 stations along the way. The group travelled from Denmark Hill to Sevenoaks and back to Bromley South.They raised more than £5,400 for ...
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Article
Nortel Networks agrees £23m payment into UK pension
Defunct telecoms organisation Nortel Networks has reached an agreement to pay $37.5 million (£23 million) into its UK pension scheme to settle claims against relevant Nortel parties in the United States.Papers were filed on 17 December in the United States Bankruptcy Court providing details of a conditional agreement between the ...
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Article
The Body Shop launches global HR brand
EXCLUSIVE: The Body Shop is to launch a global HR Shop after rebranding its global HR function. In 2013, the retailer’s international HR team reviewed culture, HR brand and HR products, covering 15 countries and around 8,000 employees. The rebrand is aimed at aligning its culture, HR brand and HR ...
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Article
Richard Lloyd: Will the government’s proposed 0.75% pension charges cap be enough?
There is an urgent need for better minimum standards for all workplace pensions so that employees can be confident they are being enrolled into high-quality, good-value schemes. We are calling on pensions minister Steve Webb to do more to protect employees’ retirement funds, so we have launched the Hands off ...
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Opinion
Malcolm Hurlston: Changing times for EBTs
Last month, the UK signed inter-governmental agreements with Jersey and Guernsey, and prime minister David Cameron confirmed a new ‘British Isles’ approach, as advocated by the Employee Share Ownership (ESOP) Centre.This follows the careful work by the Channel Islands and HM Revenue and Customs to prevent the misuse of trusts ...
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Article
Most read articles in 2013
How to review a benefits strategyL&G launches mastertrust forumEmployee Benefits Live 2013 speaker slidesKey components of a 2013 travel policySalary sacrifice car schemes explainedMerlin Entertainments harmonises reward and benefitsTax exemption for travel season ticket loans doublesNew flat rate state pension is announcedThe Hot 100 Benefits Managers 2013Less than half of ...
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Article
21,000 Sainsbury’s staff participate in sharesave plans
More than 21,000 Sainsbury’s employees took part in its three or five-year sharesave plans in 2013, up from the 18,000 staff who participated in 2012.The figures were published in the grocery retailer’s Third quarter corporate responsibility and society update on 8 January.Sainsbury’s has provided sharesave schemes for staff since 1981.Angie ...
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Article
DC pension contributions increase little in past 10 years
Average rates of contributions into defined contribution (DC) pension schemes have changed very little over the last decade, according to research by the Association of Consulting Actuaries (ACA).The 2013 ACA Pension trends survey, which questioned 308 employers with more than 430 pension schemes, found that contribution rates are generally failing ...
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ArticleThe future of default funds supplement 2014
Read the digital edition of our supplement, The future of default funds 2014, in full. It includes the following articles:Simon Chinnery: The evolution of default fundsDebi O’Donovan: Employers must work with providers to deliver adequate pension outcomesAre default funds fit for purpose?What should future default fund strategies look like?Top tips ...
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Article
Employee Benefits Awards 2014 closing to entries
If you have not entered already, this is your last chance to do so - make sure you don’t miss out.See all the information you need to enter, along with the category details and entry forms.There are more than 20 categories to enter, so there is sure to be one ...
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Article
Cisco cuts healthcare costs by 8.5%
EXCLUSIVE: Cisco has cut its healthcare costs by 8.5% since adding open-referral to its healthcare trust.The network equipment giant has offered its 2,800 employees a healthcare trust, provided by Bupa, for the past eight years.It introduced open-referral in April 2012 to help manage costs.The initiative is designed to help employees ...
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Article
76% of women fear they will not save enough for retirement
More than three-quarters (76%) of women do not believe they will have enough money to be financially comfortable in retirement, according to research by The Pensions Advisory Service (TPAS).Its third annual TPAS Women and pensions research, which surveyed 1,000 women, also found 71% of respondents do not feel confident about ...
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Article
BP and Microsoft access wellbeing scheme
BP, EDF Energy and Microsoft are among the employers that have access to a new health and wellbeing programme.The Healthy for Life programme is provided by the employers’ food service and facilities management partner, Aramark.It combines food and nutrition with exercise, mental health and prevention of illness to promote health ...