All Employee Benefits articles in Web Issue – Page 786
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Supplier article
Pensions Regulator launches pension scheme list consultation
By the standards of recent consultations in the pension’s space this is a rather small document and the response period only runs for a very short period of time (closing on 1 December). This is because the consultation subject matter on this occasion is relatively straightforward.The thrust of the document ...
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Article35% say benefits increase loyalty
More than a third (35%) of respondents say the benefits they are offered at work in addition to salary and holiday entitlement have increased their loyalty to their employer, according to research by MetLife Employee Benefits.Its research, which surveyed nearly 1,000 employees, also found that a third (33%) of respondents ...
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ArticleTRW completes £2.5bn DB pensions buyout
TRW Automotive has completed a £2.5 billion buyout of part of its defined benefit (DB) pension scheme. The buyout, for which consultancy Mercer was a lead adviser, changed the scheme from a £3.5 billion plan to a £1 billion plan over the course of a year.The transaction, which covers 22,000 ...
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Article63% say communication is key flex challenge
Just under two-thirds (63%) of respondents say that communicating with staff is a key challenge when implementing effective flexible benefit schemes, according to research by Aon Employee Benefits.Its Aon Benefits and trends survey, which surveyed nearly 500 UK businesses, found that the top three challenges employers experienced when implementing flexible ...
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Supplier article
Johnson Fleming and Edenred launch SME auto-enrolment service
It will also create a full audit history to meet the necessary scheme governance standards and help employers source the right qualifying pension scheme.The service will allow businesses to fully outsource all aspects of administration, data validation, managing opt-outs and opt-ins, creation and delivery of statutory communications and registration of ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on employeebenefits.co.uk from 20-27 November:1. Lloyds Banking Group staff to receive back pay2. Becton Dickinson personalises financial education3. Caring Homes Group launches voluntary benefits plan4. What does group risk benefits provision of the future look like?5. Deloitte, PWC and Shell to offer enhanced paternity ...
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ArticleCommuting by trampoline
Something for the weekend…Squeezing onto a cramped Tube train or bus, or sitting in heavy traffic are not the most enjoyable ways to get to or from the office, but soon, commuters may be able to travel to work using the world’s longest urban trampoline.Plans have been unveiled to create ...
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ArticleBoost expertise at the Employee Benefits Academy
Reward and benefits managers looking to develop their career or grow their benefits knowledge could benefit fromthe Employee Benefits Academy’s courses for 2015.A joint venture between Employee Benefits magazine and Total Reward Academy, the Employee Benefits Academy provides expert, practical training in benefits and compensation management.The benefits courses for 2015 ...
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AnalysisPre-trip health screening for expatriates
If you read nothing else, read this…Thorough pre-trip preparation is the key to overseas assignment success.Always confirm if a specific medical check is a visa requirement for the host country.Engage a medical professional with specific expertise to carry out pre-trip screenings. Employers have a much greater chance of avoiding medical ...
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ArticleTravelex appoints Rebecca Riley
Travelex has appointed Rebecca Riley global reward manager.She will be responsible for incentive plans and leading the organisation’s annual compensation processes.Riley worked previously in hospitality, where she started her career at Whitbread as reward analyst in 2005. Most recenty, she has held a range of roles at Hilton Worldwide covering ...
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ArticlePowaza joins Seagate
Lesley Powaza has joined Seagate Technology UK as benefits specialist for Europe, Middle East and Africa. She previously worked at Oracle as compensation and benefits analyst and at Progress Software as HR generalist.Powaza also specialises in performance management, employee relations and benefits administration.
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Article40% undecided on retirement strategies post April 2015
More than 40% of respondents do not yet know what retirement options they will offer to pension scheme members when new flexibilities around retirement income come into effect from April 2015, according to research by JLT Employee Benefits.Its 250 Club survey, which questioned 250 organisations, also found that 65% of ...
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Article53% of over 40s unsure of guidance guarantee eligibility
More than half (53%) of respondents over the age of 40 do not know if they are eligible for the guidance guarantee, according to research by retirement provider Partnership. Its research, which surveyed more than 2,000 people aged over 40, also found that 18% of respondents said they were not ...
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Article45% able to provide pension flexibility
Less than half (45%) of respondents believe that they have the resources and systems in place to provide pensions flexibility once changes announced in this year’s Budget come into force, according to research by Wealth at Work.Its report, Do your employees need to rethink retirement? which surveyed 105 HR, reward ...
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Article83% would use flexible-working options
More than three-quarters (83%) of respondents would use flexible-working options if they were made available to them, according to research by the Centre for Economics and Business research (CEBR).The study, commissioned by mobile workplace solutions organisation Citrix, found that 96% of ‘knowledge workers’, which the CEBR defines ad ‘thinking jobs’ ...
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ArticleActive membership of DC schemes outstrips DB for first time
Active membership of defined contribution (DC) pension schemes outnumbers that of defined benefit (DB) schemes for the first time, according to research by the National Association of Pensions Funds (NAPF).The trade body’s 40th Annual survey, which questioned 250 NAPF fund members, representing 840 pension schemes throughout the UK, found that ...
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Case StudiesHeineken's default funds will need to change after Budget reforms
Neil Parfrey, head of pensions , says the scheme’s governance committee is currently re-examining its default funds after Chancellor George Osborne’s Budget changes liberalising how members can take their pension pots.“If some of our members are trying to target cash at retirement, then the investment strategy required will be different ...
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ArticleAgeing workers and economy threaten pensions
Pension schemes are facing a number of challenges due to the combined threats of the economy, the ageing population and a lack of confidence in private pensions, according to the Organisation for Economic Co-operation and Development (OECD).Its Pensions outlook report 2014, which summarises the challenges that policymakers face around pension ...
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ArticleQuarter of men agree new parents should share leave
Just under a quarter of men (23%) agree that parents should share parental leave, according to research by Glassdoor.Its 2014 Parental leave survey, which surveyed 1,000 men and 1,000 women under the age of 50, also found that this figure rose to 31% among 18-24 year olds, but fell to ...
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ArticleAviva and Friends Life finalise merger
Insurance organisations Aviva and Friends Life have finalised the terms of a £5.6 billion merger.The merger will create the UK’s largest insurance and savings business with more than 16 million customers.Aviva first announced the firms were in talks in November 2014.It is expected the merger will generate £225 million of ...