City and Guilds is in the throes of deciding whether to implement a corporate platform to help it optimise the attractiveness of its benefits package, which includes private medical insurance (PMI), group income protection (GIP), childcare vouchers and a bikes-for-work scheme.
Sangeeta Mistry, group reward manager, says: “We offer a really competitive benefits platform and want to continue with our focuson a total reward package, making sure we are ahead of the game. It is about keeping on top of our benefits package and making sure we are competitive and have a low-cost but high-impact offering to staff.”
City and Guilds’ platform considerations have been triggered by auto-enrolment, for which the organisation’s staging date is September/October 2013.
The discussions with Fidelity follow City and Guilds’ implementation of a corporate individual savings account (Isa) last November.
Mistry is looking at how the Isa can work alongside its hybrid pension scheme on a platform as an alternative savings vehicle for the 40% of its 900 to 1,000 UK staff who are not members of its Towers Watson-administered pension scheme.
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