How to... manage expenses

Expenses were rarely out of the news during 2009, with MPs’ expenses hitting the headlines repeatedly and BBC expenses causing controversy over the summer. Employers across the board have been looking to cut costs as a result of the recession, and reducing spending on employee expenses is one way of doing so.

Research by Croner Reward found that almost half of employers have become stricter on personal expenses since the beginning of the downturn, with many willing to dismiss staff for persistent fraudulent claims. But what is the best way of managing this sensitive area, remaining fair to the employee while ensuring the organisation isn’t out of pocket?
 

It’s untenable to have a normal retirement age in public-sector schemes that is significantly different from the state retirement age

Brian Bailey, Director of pensions, West Midlands Pension Fund and member of High Pay Commission