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Spar UK completes £11 million pensions buy-in

Employee Benefits

Retailer Spar UK has completed an £11 million buy-in transaction for its UK pension fund. The transaction was carried out by Just Group in order to provide a better outcome for members through greater security of their benefits. This is especially notable given the unprecedented demand in the pension risk transfer market.

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XPS Pensions Group accredited as menopause-friendly employer

Employee Benefits

Pension consulting and administration business XPS Pensions Group has been awarded menopause-friendly accreditation ahead of World Menopause Day (18 October). Ben Bramhall, co-chief executive officer at XPS Pensions Group, said: “We are delighted to have achieved accreditation as a menopause friendly employer.

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Exclusive: Welsh government rolls out new employee benefits framework

Employee Benefits

The Welsh government has partnered with employee benefits provider Vivup for the managed service provision of its employee benefit schemes. It will also offer reward and recognition benefits such as gift cards, vouchers and gift experiences, long-service awards, recognition messages or cards, and lump sums.

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Marks and Spencer invests £57m in retail pay rise

Employee Benefits

Credit: patat / Shutterstock.com Retailer Marks and Spencer will give its retail employees a pay rise as of 1 April as part of a £57 million investment. The change means all retail employees will be paid more than the national living wage and either in line with or more than the real living wage.

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B and Q and Screwfix give retail staff pay rise

Employee Benefits

Home improvement retailers B and Q and Screwfix, both owned by Kingfisher, have announced that shop floor workers will receive a pay rise to £10.60 Kingfisher also provides share schemes, discounts across various national retailers and access to financial wellbeing app Wagestream. from 1 April, an 8.2% increase, respectively.

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Primark to increase pay for 27,000 employees

Employee Benefits

Retailer Primark is to increase hourly pay for 27,000 retail employees so they benefit from an average 9.1% From 1 April, the organisation will increase its average hourly pay rates for all retail assistants across England, Scotland and Wales from £11 to £12, and from £11.51 for those in London.

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Eurochange rolls out employee wellbeing support

Employee Benefits

Eurochange’s employees across its head office and 200 UK branches can now access a range of personalised resources, provided by retail industry charity Retail Trust, to support their wellbeing. Employees can also complete a short happiness assessment and receive a free action plan to help them feel happier.

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