Hints and tips:
Related Special Reports
...UK asset manager Abrdn has slashed employee benefits as part of a fresh round of cost cuts, halving redundancy payouts and reducing the length of paid parental leave by about a third....
...An employee stock ownership plan at United Airlines in the 1990s also awarded board seats to unions....
...The so-called pensions lifeboat takes over the assets and liabilities of failed companies’ pension schemes....
...Royal London, the life insurer which had its own role in the events at LV, earlier this month said it would enter the corporate pensions market, where companies offload their defined benefit pension schemes...
...It added that the employee was not a licensed insolvency practitioner, the term for senior professionals who can be personally appointed to run personal or company insolvencies....
...Last month Bird set out a plan to axe 500 jobs — about 10 per cent of the company’s 5,000-strong workforce — as part of a £150mn cost-saving programme....
...The benefit was so well-received that it was extended beyond lockdowns....
...However, Colin Barnes, a director at employee benefits consultancy Aon, cautioned that many such strategies were “box ticking”....
...Analysis from The Pensions Regulator suggests that more than 3,750 of the UK’s defined benefit-style retirement plans have assets in excess of their liabilities or are in surplus. Read more here...
...For decades the plans — which promise guaranteed pensions calculated on salary and length of service — formed the bedrock of British workplace pension provision....
...Employers’ association the CBI has proposed that employee assistance programmes, such as health insurance, be made a fully tax-free benefit, while the CBI and British Chambers of Commerce are calling for...
...All the cases shared similar traits — employees were mentioning conditions such as autism and ADHD for the first time once they had been put on some form of performance management plan or were facing dismissal...
...Some good news A town in Finland is set to benefit from the world’s biggest sand battery....
...The Sony-backed group plans to keep Benefit One listed and it has already agreed to buy Pasona’s stake in the subsidiary....
...Spotify’s plan to cut its headcount by 17 per cent is the music streaming company’s third reduction this year....
...That designation would give them access to benefits, such as social security and healthcare. The onus now will be on companies to prove that their workers are not employees....
...What are the economic impacts of companies investing into employee wellbeing programmes? What advice would humanistic psychologists give managers who want to improve wellbeing and/or productivity?...
...Data from Nash Squared, owners of Harvey Nash, reveals that a majority of companies plan to use the technology....
...said the CMA’s step was “expected” and that they “remain confident that the transaction will deliver significant benefits for competition, customers and the country”....
...Trafigura paid that sum to one of the co-conspirators, who then paid the money into a Hong Kong account for the ultimate benefit of Petrobras officials....
...The contrast between the defined contribution schemes of private companies and the inflation-linked defined benefit schemes of the public sector has become increasingly stark....
...Michael Gove has been forced to water down plans to cap ground rents on millions of leasehold homes in England and Wales after lobbying by pension and investment managers who benefit from these payments....
...The company said it “actively engaged” with employees “throughout the process of updating our employee proposition and made several changes based on their feedback”....
...This can be contrasted with the private sector when most schemes for failed companies enter the Pension Protection Fund with lower benefits....
...The Insolvency Service declined to comment on whether the three people dismissed had received any payments or other benefits in exchange for information....
International Edition