All Company cars articles – Page 25
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Article
WorldatWork research: Most employers offer a car benefit to staff
The majority of organisations (89%) offer some type of car benefit to employees, according to research by WorldatWork among its primarily US-based as well as global members.The Vehicle-Related Benefits Survey 2011 found that, of these organisations, 49% offer a minimum of three fleet benefit programmes to their workforce.The most common ...
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Article
ALD Automotive/YouGov research: Financial directors unsure of fleet ownership costs
More than a third of UK financial directors are unsure of how to calculate the total cost of ownership of their business cars, according to new research by ALD Automotive and YouGov.The ALD corporate survey revealed that 35% of financial directors are unsure of how to make this calculation, and ...
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Article
Adecco starts engines on Zenith Provecta salary sacrifice car scheme
Recruitment agency Adecco has launched a new salary sacrifice car scheme with Zenith Provecta.The Your Car scheme is available to all employees who are eligible for a cash allowance and to company car drivers.Zenith Provecta has been assisting Adecco Group in promoting the benefits of Your Car and methods used ...
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Article
Alphabet acquires ING Car Lease
Alphabet, the international fleet management division of BMW Group, has acquired ING Car Lease.The purchase price amounts to €637 million. The transaction is expected to close in the fourth quarter of 2011, subject to regulatory approvals.Through the acquisition, Alphabet is able to provide employers with broadened services now in 16 ...
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Article
Pentland Brands reduces fuel use by 16%
Pentland Brands has cut tens of thousands of pounds from its fleet budget and reduced fuel use by 16% after withdrawing its private fuel benefit.The brand management company behind global brands such as Speedo, Mitre and Berghaus used The Miles Consultancy’s (TMC) mileage audit system to gather the critical fuel ...
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Article
Willis launches insurance product for grey fleet drivers
Willis has developed an insurance product that can be used in conjunction with Fleet Support Group's online risk management programme.Targeted at grey fleet drivers, the insurance product is underwritten by international insurer Catlin Group and uses HM Revenue and Customs' tax free approved mileage allowance payments (Amap) as its premium ...
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Article
Specsavers and RSA Group partner to offer eyecare to fleet drivers
Specsavers Corporate Eyecare has partnered insurer RSA Group to offer eyecare to fleet drivers insured under RSA Group’s fleet policies.Specsavers will offer vouchers that entitle staff to a sight test, eye examination and a pair of glasses if necessary. If an employee does not need glasses, they can have non-prescription ...
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Article
Norton Rose launches salary sacrifice car scheme
Law firm Norton Rose has launched a salary sacrifice car scheme for its UK employees.Its NR Cars scheme, which is provided by Zenith Provecta, includes insurance, road tax, maintenance, replacement types, windscreen cover, breakdown and recovery, accident management, and an account management service.The scheme, which went live in May, was ...
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Article
North Yorkshire County Council sees substantial take-up of salary sacrifice car scheme
Over the past year 250 North Yorkshire County Council staff have selected low-emission cars through the council's salary sacrifice scheme ‘Everybody benefits’.The salary sacrifice car scheme is provided by Tusker, and the cars have been available to council staff since April 2010.Staff taking part are only allowed to choose cars ...
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Article
NYSE Euronext Group launches salary sacrifice car scheme
NYSE Euronext Group has launched a salary sacrifice car scheme for its 650 UK employees.Through the scheme, provided by Tusker, staff give up part of their gross salary in exchange for a car with CO2 emissions of 120g per km or below. So far, 2% of the workforce have joined ...
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Article
GE Capital research: Less employers offering cash payment instead of company car
One-quarter (25%) of employers are offering a cash payment instead of a company car, down from 36% two years ago.The Company Car Trends research by GE Capital, Fleet Services surveyed 300 fleet decision makers.Gary Killeen, commercial director of Fleet Services at GE Capital UK, said: “In the early part of ...
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Article
TomTom Business Solutions research: Employers unaware inaccurate mileage claims could increase tax
Almost half (47%) of employers that operate fleets are unaware that they could face tax bills for thousands of pounds if staff mileage claims are inaccurate, according to a study by TomTom Business Solutions.The research reveals that while 50% of respondents do not routinely double-check the accuracy of their drivers’ ...
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Article
Redcar and Cleveland Borough Council introduces salary sacrifice car scheme
Redcar and Cleveland Borough Council has introduced a salary sacrifice car scheme with the aims of reducing carbon emissions, increasing benefits choice and generating savings for the council.Launched with Tusker in April, cars eligible under the scheme have to emit less than 120g/kg of carbon dioxide to meet the council’s ...
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Article
HMRC changes company car advisory fuel rates
HM Revenue and Customs (HMRC) has announced a change to advisory fuel rates, applicable only to company cars.All the petrol rates have increased, ranging now from 15p for an engine size of 1,400 cubic centimetres (cc) or less and 26p for over 2,000 cc, while diesel rates are now between ...
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Article
ALD Automotive research: Employers unaware of CO2 emissions impact on NI contributions
Just over one-third (35%) of financial directors are unaware of the impact of carbon dioxide (CO2) emissions on national insurance (NI) contributions, according to research from ALD Automotive.The ALD Corporate Survey also showed that only 15% of respondents felt they had any detailed understanding of the costs associated with the ...
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Analysis
Driver training can cut fleet costs
If you read nothing else, read this... Rising fuel costs and insurance premiums are making driver training a win-win for company car fleets. It is important to assess and manage driver risk and then decide who will benefit most from what sort of training. It needs to be sold as ...
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Case Studies
Case study: Hannaford cuts down on car insurance claims
St Albans-based fit-out and refurbishment firm Hannaford has seen its insurance claims and premiums drop sharply since implementing a comprehensive driver training programme for its 51 employees in 2008.Fleet manager Leigh Stiff says: “We only had five claims last year and the same the year before. Before we started this ...
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Article
Lex Autolease research: Majority of employees would choose a salary sacrifice company car
Eight out of 10 employees would sacrifice a portion of their salaries to opt into a company car scheme, according to a survey by Lex Autolease.More than three quarters (78%) of grey fleet drivers, who use their own car for business use, said they would opt for a salary sacrifice ...
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Article
Hymans Robertson adds health checks and car lease scheme to flex
Hymans Robertson is adding office-based health screenings and a car lease scheme to its flexible benefits scheme.The pensions consultancy firm is introducing the screenings, provided by Healthy Performance, after a questionnaire in 2010 revealed many employees were interested in the benefit.A car lease scheme for all 510 employees will also ...
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Article
PricewaterhouseCoopers (PWC) to pilot electric cars with London-based staff
PricewaterhouseCoopers (PWC) will pilot electric cars with London-based employees as part of its sustainable travel strategy.The electric cars, which will be made available at the firm's locations in Southwark and Westminster, can be charged onsite and through the Hertz and Source London charging network.In addition to the electric cars, members ...