case studies – Page 6
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Case StudiesScisys offers employees savings tools via workplace platform
Scisys, an IT and technology company headquartered in Chippenham, introduced a workplace savings platform, provided by Hargreaves Lansdown in April 2013. The wrap offers a range of savings and investment products to the Scisys pension scheme’s 235 members.The organisation has since seen 62% of members contributing more than the minimum ...
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Case StudiesAgeas Insurance uses a range of communication methods to engage employees with pensions
Ageas Insurance's journey to boost employee engagement with its pension scheme started back in 2013. Nick Cansfield, head of reward and policy at Ageas Insurance, explains: "We'd grown through acquisitions so there were lots of different schemes in place. With auto-enrolment approaching, we decided it would be simpler to have ...
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Case StudiesSovereign sees pension contributions rise after education sessions for contact centre staff
Housing association Sovereign has seen its employer pension contributions, which are provided on a matching basis to reflect employees’ contributions, increase by £3,500 each month after introducing a new pensions education initiative for its 130 customer contact centre staff.The pensions education programme, provided by Better with Money in March and ...
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Case StudiesThe benefits offered by BDO UK
The workplace benefits offered by BDO UK include:Pension and group riskGroup personal pension plan (GPP) with a matched contribution structure of 1% for all employees. If the scheme is joined voluntarily, an age-related matching contribution structure is used, ranging from a 2% employer contribution for employees under 25-years-old to a ...
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Case StudiesThe benefits offered by Moneypenny
The workplace benefits offered by Moneypenny include:PensionA stakeholder pension scheme with a 2% matched contribution from the employer.Healthcare and wellbeingHealth cash plan for all employees; employer-paid at basic level.Free breakfast.Free fruit.Free on-site exercise classes.Wellness bonus.Work-life balance25 days' holiday, increasing to 29 after four years’ service.Part-time work is available on a ...
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Case StudiesRolls-Royce merges final salary schemes to reduce governance costs
Luxury car manufacturing organisation Rolls-Royce conducted a pensions change project over 2016 in order to reduce the extensive governance costs of running five defined benefit (DB) pension schemes concurrently.At the beginning of 2016, the organisation had five legacy final salary pension arrangements in place, covering 13,000 current employees. This included ...
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Case StudiesThe benefits offered by Holiday Extras
The workplace benefits on offer at Holiday Extras include:Pension:Group personal pension (GPP) plan, with 3% employee contribution. Employer contributes 3% for the majority of staff and 11% for directors and associate directors. Employees can contribute via salary sacrifice. All employees are eligible after they have passed probation, but must opt ...
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Case StudiesNationwide introduces higher minimum pension contribution level to improve retirement outcomes
Nationwide Building Society updated its defined contribution (DC) group personal pension (GPP) plan to default 12,000 scheme members on to a higher contribution rate, to ensure staff access the maximum employer contribution and to help improve retirement outcomes.Following a benchmarking exercise in 2014, Nationwide found that the majority of its ...
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Case StudiesThe benefits offered by Metro Bank
The workplace benefits on offer at Metro Bank include:Pension and group riskGroup personal pension plan. Contribution levels are set according to seniority, starting at 3% employee contribution and 6% employer contribution, then rising to 4% and 8%, with a maximum 5% employee and 10% employer contribution.Life assurance.Healthcare and wellbeingPrivate medical ...
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Case StudiesAKQA engages employees with retirement planning through one-to-one support
With a predominantly younger workforce, generating interest in, and engagement with, pensions and retirement income can be a challenge for digital agency AKQA.The agency, which employs 400 people in the UK but has 17 offices globally, offers a contract-based defined contribution (DC) group personal pension scheme, into which employees are ...
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Case StudiesThe benefits offered by Norton Rose Fulbright
The workplace benefits on offer at Norton Rose Fulbright include:PensionGroup personal pension for all employees, with a 1% employer and 1% employee contribution.The employer offers matching contributions up to a 5% employee contribution.The organisation auto-enrolled in 2013, and auto-re-enrolled in November 2016.Group riskGroup income protection, employer paid.Life assurance, employer paid.Healthcare ...
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Case StudiesScottish Power uses technology to keep employees’ retirement plans on track
Scottish Power’s UK pensions manager, Anne Harris, is keen to keep up with advances in pension technology to ensure that employees’ retirement plans are on track. She says: “Pensions are becoming more and more complicated, so employees are becoming switched off.“It’s vital that our stakeholder pension scheme members are saving ...
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Case StudiesThe benefits on offer at Goodman Masson
The workplace benefits on offer at Goodman Masson include:PensionStakeholder pension with a 1% employer and 1% employee contribution.Goodman Masson went through auto-enrolment in 2014.Group riskGroup income protection, employer-paid for some employees.Critical illness insurance, employer-paid for some employees.Healthcare and wellbeingPrivate medical insurance, voluntary basis, employee-paid.Eyecare vouchers, employer-paid for all employees.Personal accident ...
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Case StudiesMotability supports staff to make informed investment decisions
Motability has always been keen for staff to be fully engaged in, and informed enough about its contract-based defined contribution stakeholder pension plan, so that they can decide how best to invest their pension contributions.This is why the mobility support services charity has produced a comprehensive pensions communication strategy, which ...
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Case StudiesThe benefits offered by Misys
The workplace benefits offered by Misys include:PensionA group personal pension open to all employees. Misys offers a matching contribution scheme if the employee contributes up to 6%, 8% or 10%, depending on job level.Group riskGroup income protection: employer-paid, the default level is 75%, and employees can flex up or down.Critical ...
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Case StudiesMisys places focus on employee engagement and wellbeing
Having been through a number of acquisitions and a benefits harmonisation project in recent years, financial services software provider Misys is now primarily focused on the health, wellbeing and engagement of its employees.For Anne Teggart, global head of benefits, a major part of the harmonisation was to review the company’s ...
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Case StudiesGerald Eve engages staff with pension saving through bonus scheme and financial education
Property consultancy Gerald Eve, which employs more than 430 staff across nine UK offices, utilises a range of communication channels and topical and lifestage-focused financial education support to engage its employees with pension saving.Gerald Eve has a high pensions take-up rate, with 93% of eligible employees saving into the ...
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Case StudiesAberdeen Asset Management uses robo-advice to promote awareness of pension changes
Aberdeen Asset Management introduced a robo-advice platform to help employees fully understand the complex pension changes that came into effect on 6 April 2016, specifically the changes to the annual allowance and lifetime allowance for high earners.The financial services organisation worked with Lemonade Reward to introduce a platform whereby employees ...
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Case StudiesReed Smith boosts engagement with workplace Isa
International law firm Reed Smith introduced a workplace individual savings account (Isa) in 2012, launching the scheme alongside its auto-enrolment roll-out as a way of boosting staff engagement with the new pension scheme.Claire Gibbens, HR manager, says: “We had just signed up with a new provider, Hargreaves Lansdown, and [it] ...
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Case StudiesSAS Software offers choice and support to staff
For SAS Software, a key component of its benefits philosophy is that it offers its employees choice to enable them to pick benefits that support them throughout their career, while retaining a sense of being a paternalistic employer.Its UK headquarters, situated on a 110-acre estate on the bank of the ...