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The Appointed Actuary recommended a reduction in policyholder bonus rates for a big life insurance company with significant participating business. An Independent Director expressed dissatisfaction over the reduction compared to previous years and urged the Actuary to at least maintain last year's r

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The Art Bonus tax credit in Italy encourages individuals and businesses to support cultural heritage through charitable donations, providing a tax credit of 65%. This initiative aims to not only fund cultural institutions but also strengthen the bond between citizens and their heritage, driving soci

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The Payment of Bonus Act, 1965 in India regulates the payment of bonus to employees based on profits and productivity. It imposes legal responsibility on employers to pay bonuses and provides guidelines for calculation, minimum and maximum percentages, and redressal mechanisms. Applicable to establi

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The 2018 Gender Pay Gap analysis for Savills Management Resources Ltd reveals a mean hourly full pay gap of -1.3% and a median hourly full pay gap of -12.3%, both favoring female employees. However, the mean bonus pay gap slightly favors male employees by 0.1%, while the median bonus pay gap favors

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Bonus systems in insurance reward policyholders with fewer claims in the past by offering premium refunds. Various models are used to calculate premium refunds, factoring in individual claim history or overall portfolio performance. This article explores common solutions such as premium refunds base

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The Gender Pay Report for April 2021 reveals a gender pay gap at NGN, with women earning 11.2% less than men on average. Additionally, the report shows a bonus gap of 43%, indicating disparities in bonus pay between male and female employees. The workforce at NGN consists of 82.6% men and 17.4% wome

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This content discusses the impact and evolving compliance structure under the Code on Wages, 2019, focusing on clauses related to minimum wages, payment of wages, and payment of bonus. It outlines key aspects like wage fixation, deductions from wages, eligibility for bonus, and computation of profit

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