Pension scheme change is something companies cannot afford to get wrong

During 2009, we have seen a significant acceleration in the number of defined-benefit (DB) pension schemes in the UK closing to future accrual. And only this week, a number of casualties have come to...

The Tories will retain the tax breaks on childcare vouchers

A Conservative government will not reduce tax efficiencies on childcare vouchers, shadow families minister Maria Miller (pictured) has suggested.

Public-sector union lambasts Government and Tories for playing politics over pay freezes and job cuts

The Government and Conservative party have been accused of "playing political football" with public-sector employees' lives over public-sector pay and job cuts.

Private-sector employees don't see pension savings as the best way to fund retirement

Although employers see pensions as a core part of their reward package, fewer than half of staff in the private sector think they are the best way to save for retirement, new research reveals.

A Conservative Government would freeze public-sector pay for a year

Public-sector pay will be frozen for 12 months under a Conservative Government, shadow chancellor George Osborne has announced.

British Airways says it must cut 1,700 jobs and impose a pay freeze to ensure long-term survival

British Airways has announced 1,700 job cuts and a two-year pay freeze for remaining employees to curb costs.

A review of hospitality sector pay and bonus packages is inevitable, says PwC report

Pressures imposed by the economic climate and political environment will force the hospitality and leisure sectors to reconsider executive reward arrangements, according to PricewaterhouseCoopers...

How to cut costs to be competitive when recovery takes hold

With forecasts of a drawn-out economic recovery ahead, many businesses need to cut costs in preparation for a period of fierce competition, while also looking to retain skilled staff to take advantage...

Employer levels of commitment to defined-contribution pensions have risen

Employers' contributions to defined-contribution (DC) pensions have increased by 1.5% since 2007, despite the economic downturn.

Final-salary pension schemes are stabilising but a sizeable fund deficit remains

The era of uncertainty surrounding final-salary pensions is coming to an end, according to Aon Consulting.

The National Minimum Wage increase will benefit 950,000 workers

Nearly one million employees will benefit now that the National Minimum Wage has increased from 5.73 to 5.80.

Pearl Group replaces its perks offering with an extensive flexible benefits scheme

Pearl Group has launched a flexible benefits scheme to replace the limited range of perks it previously offered staff.