All articles by Jennifer Paterson – Page 178
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Article
Lorica and Mondial Assistance launches new travel insurance product
Lorica has partnered Mondial Assistance to launch Mondial Travel Select, a travel insurance product that allows staff to tailor their cover based on specific travel requirements.It will be offered through Lorica’s flex platform, Cube. Lorica previously offered travel from a range of insurers, but aimed to get a better deal ...
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Article
Scott Wilson Group to close defined benefit scheme
The Scott Wilson Group is to close its defined benefit (DB) scheme to future accrual, replacing it with a defined contribution (DC) scheme.The organisation has completed a 60-day consultation with its scheme members and is now working with its scheme trustees to finalise the implementation arrangements with an effective target ...
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Article
Diageo agrees pension funding plan using whisky as assets
Drinks company Diageo has agreed a 10-year funding plan with the trustees of its defined benefit (DB) pension scheme, which includes a pension funding partnership that will hold maturing whisky spirit as assets.The structure is expected to generate an income to the scheme totaling £25 million each year over the ...
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Article
Projectlink Motivation revamps its website
Projectlink Motivation has revamped its website with new features to assist businesses in their reward and recognition and employee benefit strategies.Added features include: a range of reports with industry facts and figures; new product brochures detailing Projectlink’s reward and benefits offerings. Quick polls to gain further insight into the issues ...
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Article
COA Solutions launches self-service HR system
COA Solutions has launched a new HR self-service system which enables authorised managers and employees to access and update details such as holiday dates, sick leave and training information.Employee metrics are available to all self-service users in real-time, allowing organisations to measure and manage their workforces, while enhancing employee engagement. ...
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Analysis
Group risk: Limited-term group income protection
If you read nothing else, read this . . .Limited-term income protection policies are a cheaper alternative to traditional products that pay through to retirement by offering a set payment period, such as two, three or five years.Premiums for limited-term products are, on average, 40-45% less for a plan that ...
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Article
Jaama launches new version of online fleet information portal
Jaama has launched a new version of its electronic driver services (EDS) module that allows employees who drive their own vehicles on business to record documentation online.EDS is a risk management tool and a driver information portal within the fleet software organisation’s Key2 Vehicle Management system.Drivers have always been able ...
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Article
Mencap signs fleet contract with Leasedrive Velo
Mencap has signed a four-year contract with the Leasedrive Velo Group which will cover the management of 250 company vehicles.The learning disability charity will be covered for buying, selling, maintenance and accident management, as well as short-term vehicle rental.Steven Harrington, procurement manager at Mencap, said: "The flexibility of the online ...
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Article
Crest Nicholson introduces carbon-capping for company cars
Crest Nicholson has introduced a carbon-capping scheme across its entire fleet of 230 company cars.The housebuilding firm had previously implemented a maximum emissions cap of 195g/km across all its company-owned vehicles and has now combined this with an incentive scheme that aims to encourage and reward the use of low-emission ...
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Analysis
User-chooser car schemes pay off
If you read nothing else, read this …User-chooser fleet arrangements are designed to ensure the most cost- and tax-efficient funding method is used for each employee.It is important for employer and employee to consider the whole-life costs of the arrangement to decide which route is best.Savings available through user-chooser fleet ...
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Article
My Family Care forms alliance with US childcare provider
My Family Care and US-based Childrens’ Creative Learning Centers (CCLC) have united to offer childcare services on both sides of the Atlantic ocean.The alliance stems from an existing crossover between the two organisations. CCLC’s parent company Knowledge Universe also owns Busy Bees, the UK childcare provider. My Family Care and ...
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Article
General and Medical forms new healthcare trust organisation
General and Medical has merged its healthcare trust organisation ProAmica with recent acquisition Revelation Healthcare.Every new healthcare trust launched under the ProAmica Trust brand will benefit from free and immediate access to employee assistance. This is supported by an online health and wellbeing service which offers access to a range ...
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Article
BBC to close defined benefit pension scheme to new members
The BBC is to close its defined benefit (DB) pension scheme to new joiners from 1 December 2010.Existing members will remain in the scheme and continue to build up benefits under the current structure. However, from 1 April 2011 future salary increases for calculating pension benefits will be limited to ...
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Article
Friends Provident staff raise money for charity
Friends Provident employees have helped to raise money for the charity Brain Tumour UK in memory of Friends Provident's former managing director UK, Simon Champ, who died earlier this year. The 32-mile 'Walking for Simon' charity event took place on 27 June and has so far raised £13,715 of a ...
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Article
Taylor Wimpey to close legacy DB scheme to future accrual
Taylor Wimpey will close its legacy defined benefit (DB) pension scheme to future accrual as of 31 August.The home building firm was formed by the merger of George Wimpey and Taylor Woodrow in July 2007. The Taylor Woodrow DB scheme was closed to future accrual prior to the merger so ...
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Article
Premier Retirement Services launches online pension service
Premier Retirement Services (PRS) has launched an online service for pension scheme members to learn more about their retirement options.The website includes more than 100 pages of content for members of employer-run schemes to learn about annuities and alternatives schemes, as well as being able to produce real-time annuity quotes ...
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Article
Employee Benefits award winners announced
The winners of the Employee Benefits Awards 2010 were announced at a glittering lunch ceremony at the London Hilton, Park Lane on 25 June.Employers such as Whitbread, Kwik Fit Financial Services, Kent County Council, E.On, Capital One and Unilever were honoured.Whitbread won the Grand Prix for its strong performance in ...
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Article
Hammonds to introduce health screening
Hammonds is to introduce a salary sacrifice health screening programme for employees.The law firm will initially launch the benefit for staff based in its Manchester office, before rolling it out to its three other UK offices in London, Leeds and Birmingham.Staff will be encouraged to take advantage of an hour-long ...
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Article
Employees sense of belonging to their organisation has fallen
Less than half (49%) of employees feel a strong sense of belonging to their organisation, a fall of 10% since 2008. According to the Putting it in Perspective study, by Infogroup’s ORC International division, 68% of employees also reported feeling proud to work for their organisations, compared to 70% in ...
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Article
ALC Health launches online purchase for international health insurance
ALC Health has launched an online quote-and-buy facility for organisations to purchase international health insurance on behalf of employees.Employers can also refer staff directly to the website to arrange the cover for themselves. Visitors to the website are able to buy the cover instantly, 24 hours a day.Andrew Apps, director ...