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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. Before approaching the market, the trustees worked to equalise guaranteed minimum pensions within the fund. 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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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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Make the Most of Free Money

Money Talk

Retail Rewards - Loyalty programs are common among retailers and restaurants and shoppers can earn points that convert to cash-off or free meals. Unclaimed Money - This is money held by state governments from a variety of sources including bank accounts, utility deposits, pension benefits, and insurance policies.

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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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Marks and Spencer enhances pay and family leave policies

Employee Benefits

Credit: patat / Shutterstock.com Retailer Marks and Spencer has announced pay increases and enhancements to its maternity, paternity and adoption policies. Stuart Machin, chief executive of Marks and Spencer, said: “Our vision is to be the most trusted retailer and that starts with being the most trusted employer. rise from last year.

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