IT company Computer Sciences Corporation (CSC) will be enhancing its employee savings platform over the coming months.
Speaking at the National Association of Pension Funds (NAPF) conference on 20 October, Jenny Davidson, director of compensation and benefits for Europe, Middle East and Africa (EMEA), at CSC said the firm will be introducing an equity-based corporate individual savings account (Isa) in November 2011.
The Isa, from CSC’s pensions provider Scottish Widows, will be offered in addition to the existing cash corporate Isa already on the Mymoneyworks employee savings platform.
Mymoneyworks is used by CSC as the front-end portal for all staff for its human resources and flexible benefits systems.
CSC also has plans to add loans, credit cards and mortgage tools onto the platform, as well as an at-retirement option.
The firm will be conducting a major relaunch of Mymoneyworks aimed at all staff not currently enrolled on the platform.
A year after the launch of the platform, which took place in July 2010, there are 2,300 (out of a workforce of 7,000) staff registered with 16% logging on at least once a month.
Eighty staff have applied for an Isa and the most popular function is the pensions planning tool.
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