case studies – Page 5
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Case Studies
Evoluted uses a local accountancy firm to keep abreast of pensions change
Sheffield-based digital marketing organisation Evoluted specialises in bespoke web development and digital design. It was founded in 2006 and currently employs 27 staff.The organisation originally implemented a group stakeholder pension scheme for employees, but with the introduction of auto-enrolment in October 2012 came a slew of challenges revolving around communication ...
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Case Studies
The benefits offered by Severn Trent Water
The benefits offered by Severn Trent Water:Pension, protection and payA defined contribution (DC) pension scheme for all employees, offering 2:1 matching contributions and a maximum 15% employer contribution.Group income protection, available for all staff on an employer-funded basis. This operates on a phased reduction model: once an employee's sick pay ...
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Case Studies
Sunrise Senior Living puts recognition at the heart of its benefits strategy
Private residential and nursing care home business Sunrise Senior Living centres its benefits strategy around peer-to-peer and top-down recognition, aligned with its business goals and principles of service.Primarily, this is achieved through the organisation’s Heart and Soul programme, which encourages its 5,000 UK-based employees to recognise colleagues that go over ...
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Case Studies
The benefits offered by Sunrise Senior Living
The benefits offered by Sunrise Senior Living: Pension, protection and payA defined contribution (DC) pension scheme for all employees, delivered through a master trust. Contribution levels vary depending on seniority.Income protection is available for salaried employees on an employer-funded basis. This pays up to 70% of their basic salary for ...
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Case Studies
The benefits offered by Addison Lee
The benefits offered by Addison Lee:Pension and payFive defined contribution (DC) pension schemes, which the organisation is looking to consolidate. These include pension schemes with National Employment Savings Trust (Nest) for approximately 500 employed UK chauffeurs, and with Aegon for management. Contributions vary according to seniority: employees and team leaders ...
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Case Studies
DAC Beachcroft uses financial education to encourage active investment choices
DAC Beachcroft, which has 2,230 UK-based employees, held a pensions roadshow at its Bristol office in September 2018, in conjunction with Scottish Widows. This enabled employees to book one-to-one consultations and attend a presentation on fund performance and available investment plans.Sarah Young, head of reward at DAC Beachcroft, says: “People ...
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Case Studies
RSM encourages risk-profiling to engage employees with pension investments
Audit, tax and consulting organisation RSM created its defined contribution (DC) pension scheme in 2010 without a default investment fund, encouraging active decision-making among its 3,600 UK-based employees.RSM’s online joining process encouraged staff to utilise a risk-profiling tool, provided by Aviva. This aligned with the available investment funds, including five ...
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Case Studies
The benefits offered by Indeed
The benefits offered by Indeed:Pension, protection and payGlobal 401k retirement saving scheme for all full-time employees. If staff save up to 6% of their pre-tax salary into the scheme, Indeed will match half. The scheme is managed internally.Employer-paid short-term and long-term disability insurance, paid up to a set amount based ...
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Case Studies
Nationwide uses matching contributions to encourage employees to save more
Nationwide Building Society's 18,000 employees benefit from generous minimum pension contributions; they save 4% of their salary into their pension pot, while their employer adds a further 13%.To encourage positive spending habits even further, however, the organisation also offers to match employees’ contributions if they save over and above this ...
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Case Studies
The benefits offered by Equifax
The benefits offered by Equifax:Pension and group riskDefined contribution, salary sacrifice pension scheme for all employees. From April 2019, those contributing 3% into their pension direct from salary will receive a 5% contribution from Equifax; if employees contribute 4%, Equifax will contribute 6% and if they contribute 5%, it will ...
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Case Studies
Mott MacDonald offers range of financial benefits to help employees save
The Mott MacDonald Group is a global engineering, management and development consultancy with 16,000 employees across 150 countries, and a headquarters in the UK. It is one of the largest employee-owned organisations in the world.Mott MacDonald has a defined contribution (DC) pension scheme for all UK staff; this is a ...
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Case Studies
Carlsberg uses staff feedback to gauge success of financial wellbeing strategy
Brewery giant Carlsberg launched a proactive financial wellbeing programme in January 2018 for its 700 UK employees, ranging from head office staff, brewery production, sales teams and contact centres.Activities within the programme include on-site mortgage sessions and one-to-one independent mortgage advice, pension presentations, access to payroll loans, a home rental ...
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Case Studies
The benefits offered by Weetabix Food Company
The benefits offered by Weetabix Food Company:Pension and group riskDefined contribution group personal pension plan, available for all employees alongside pre-existing defined benefit scheme, which closed in 2013.Healthcare and wellbeingPrivate medical insurance, employer-funded for all employees. Available for employees' family members as a flexible benefit.Dental insurance, employer-funded for all employees ...
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Case Studies
The benefits offered by CA Technologies
The benefits offered by CA Technologies:Pension and group riskDefined contribution group personal pension plan: employees contribute 3% and CA Technologies contributes 6%. Available for all employees.Income protection for 66% of employees’ income, employer-funded for all employees.Personal accident insurance at two times base salary, employer-funded for all employees.Employee share scheme.Life insurance ...
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Case Studies
Gerald Eve's open dialogue around decumulation helps employees plan for retirement
Property consultant Gerald Eve has nine offices in the UK and employs 480 staff, with an average of eight employees a year approaching retirement. Being open about retirement is one of the cornerstones of its approach to decumulation.Sarah Draper, HR director, says: “In some organisations, there is still a stigma ...
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Case Studies
Kier Group consolidated pensions into master trust arrangement
Property, construction and services group Kier previously ran a number of different defined contribution schemes, but moved to a master trust in July 2016.Mark Bradshaw, group reward and benefits director, says: “We wanted just one, to make communication of our pension offering easier for [employees] to understand, as well as ...
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Case Studies
The benefits offered by Kier Group
The workplace benefits offered by Kier GroupPension and financial benefitsA defined contribution (DC) master trust open to all employees, with matching contributions up to 7.5%.Sharesave and share incentive plan (Sip) open to all employees.Financial education.Healthcare and wellbeingPrivate medical insurance dependent on grade.Eyecare: employees can claim back the cost of an ...
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Case Studies
Kier Group develops reward and benefits in line with business growth
Having gone through a period of considerable change in the last five years, construction, property and services organisation, Kier Group aims to be as flexible as possible with its reward and benefits offering.The organisation has developed from regionalised construction businesses to a national business, which has included the acquisition of ...
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Case Studies
Hays addresses gender pay differences as part of pensions education
Recruitment organisation Hays has run pensions education presentations for its 3,200 UK employees to ensure that staff understand the basic concepts of how their workplace pension works.Improving employees’ fundamental knowledge of pensions can help them to pinpoint wider issues that may impact their retirement savings, for example, the potential impact ...
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Case Studies
Motability uses face-to-face briefings to educate employees on pension investments
Harlow-based mobility charity Motability uses annual face-to-face briefing sessions to educate its 119 employees on pensions topics, including available pension investment options.Currently, employees have the opportunity to self-select their own pension investment fund away from the default option out of 57 available fund options.The voluntary briefing sessions, led by the ...