All Employee Benefits articles in Web Issue – Page 891
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ArticleAlcatel-Lucent agrees £300 million pension buy-in
Global telecommunications equipment organisation Alcatel-Lucent has agreed a £300 million pensioner liabilities buy-in with Aviva for its UK defined benefit (DB) pension scheme.The transaction is part of the organisation’s long-term de-risking objective. Alcatel-Lucent’s pension scheme has liabilities of around £1 billion.The organisation's pension trustees were advised by Aon Hewitt, which ...
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ArticleJunior doctors to strike in continued contract dispute
Junior doctors in England are to take industrial action next week in a continued dispute around the terms of their new contract.In November 98% of junior doctors balloted by the British Medical Association (BMA) voted for industrial action, including strikes, in response to changes to the contract, particularly around pay ...
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OpinionCaroline Harwood: An own goal on employee benefit trusts?
The ‘Rangers’ or ‘Big Tax’ case concerns the establishment of an employee benefit trust (EBT) in 2001 by the Murray Group, then owners of Rangers Football Club. Sub-trusts were established for the benefit of players, other employees, and their families. Sub-trust funds were then lent to relevant employees.HM Revenue and ...
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Supplier article
Confusion, fines and a messy future in store for pensions
During 2016 employers will feel the effect of the many changes that have been happening in the pensions industry. Steve Herbert, head of benefits strategy for Jelf Employee Benefits, looks at some of the key areas of which UK plc needs to be aware.He says: "There are potential hazards in ...
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Supplier article
Banish those winter blues by attending a fun and informative Jelf Employment Seminar
For our first event of 2016 we have again put together a select society of informative and entertaining speakers to guide our delegates through the key employment issues of the year. Marshalled by popular chair Peter Matthews, our speakers include:The learned Tim Randles will provide his usual amusing and informative ...
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Supplier article
Employers failed to motivate in 2015
A third of UK employees could not name a single occasion that motivated them at work last yearNew research shows UK businesses missed the mark when it came to motivating their workforce in 2015 as over a third (34%) of employees said they could not name a single occasion where ...
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ArticleJudge rules on motions in FedEx same-sex spouse pension case
A US District Court Judge has allowed a pension benefits claim brought by the same-sex widow of a FedEx employee to proceed while dismissing two other claims by the plaintiff.The plaintiff, Stacey Schuett, was in a committed relationship with Lesly Taboada-Hall for 27 years. They married in a civil ceremony ...
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ArticleTowers Watson and Willis complete merger
Willis and Towers Watson have officially merged to create Willis Towers Watson.The two organisations first announced that they had signed a definitive merger agreement in June 2015.The newly created global advisory, broking and solutions provider has over 39,000 employees in more than 120 countries.John Haley, chief executive officer of Willis ...
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ArticleFTSE 350 defined benefit pension asset values fall by £6bn
The defined benefit (DB) pension asset values of FTSE 350 organisations fell by £6bn between 30 November 2015 and 31 December 2015 from £646bn to £640bn, according to a study from Mercer.Its Pensions risk survey also found that liability values in the FTSE 350 were £704bn in December 2015 compared ...
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ArticleUnite Students launches voluntary benefits programme
Student accommodation provider Unite Students has introduced a voluntary benefits programme for its 1,237 members of staff.The scheme, provided by Perkbox, gives employees access to more than 100 practical and recreational benefits and perks, such as retail discounts and savings on items including gym memberships, cinema tickets, groceries and travel.Staff ...
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Case StudiesThe benefits offered by InterContinental Hotels Group
A look at the benefits offered by InterContinental Hotels Group (IHG):PensionsTrust-based defined contribution scheme for all corporate employees.IHG auto-enrolled staff in September 2013. The scheme received the Pensions Quality Mark in 2014.HealthcarePrivate medical insurance, employer-paid through a healthcare trust, administered by Healthcare RM. Employees can pay to include family members.Dental ...
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Case StudiesInterContinental Hotels Group delivers business value through benefits strategy
As a large global hospitality organisation, the InterContinental Hotels Group (IHG) ensures that it has a benefits strategy in place that supports the business goal of delivering value through preferred brands and talented people.IHG has almost 4,900 hotels worldwide that are either franchised, owned or managed by the organisation, and ...
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How health engagement drives the health of a business
The business benefits of a healthy and engaged workforce are about more than low sickness absence figures.Employees who feel that their employer cares for their health and wellbeing are more likely to be motivated and engaged and less likely to leave the organisation.Deciding to invest in a long-term healthcare strategy ...
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ArticleStay ahead of the curve with Employee Benefits Connect 2016
Employee Benefits Connect 2016, which takes place at Lancaster London on 9 March 2016, will give attendees the opportunity to stay ahead of the curve by hearing the latest thinking on the future of reward.During the annual event, HR, reward and benefits professionals will have the chance to share ideas ...
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ArticleNew York City mayor sets $15 minimum wage for government staff
The minimum wage for New York City government employees and those who provide contracted work for the city at social service organisations is to rise to $15 an hour by the end of 2018.Bill de Blasio, New York City mayor, has announced that the higher rate will benefit around 50,000 ...
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ArticleEXCLUSIVE: Carlsberg UK to launch car salary sacrifice scheme
EXCLUSIVE: Carlsberg UK is to launch a car salary sacrifice scheme for its 1,600 employees in spring 2016.The organisation is introducing the new scheme, provided by Car Salary Exchange, to broaden its employee benefits offering.The salary sacrifice arrangement will sit alongside Carlsberg UK’s existing company car offering. It will be ...
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Supplier article
Reducing absenteeism
Does absenteeism have a negative effect on your business? Click our infographic above to explore how you could make a positive impact for your business.Alternatively for more information about our Health Cash Plans call us on 01270 588 555.REDUCING ABSENTEEISM
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Supplier article
Employers – Implementing your plan
Find out how simple it is to implement one of our Health Cash Plans for your workforce. Click on our infographic above to find out more.Alternatively for more information about our Health Cash Plans call us on 01270 588 555.EMPLOYERS - IMPLEMENTING YOUR PLAN
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OpinionLovewell's Logic: Are we heading for the death of email?
Happy New Year!Earlier this week, I read an interesting article exploring whether 2016 will finally see the end of the office email.The idea of banning email for work has been floating around for a few years now, but several organisations have now begun to bite the bullet and move to ...
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ArticleTop 10 most read stories this week
The top 10 most read stories on www.employeebenefits.co.uk between 31 December 2015 and 6 January 2016: Judge rules on motions in FedEx same-sex spouse pension case.EY awards staff $1m through global recognition programme.Towers Watson and Willis complete merger.Will there ever be a solution to the gender pay gap?24% felt motivated ...