News – Page 18
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Aviva launches insurance policy for salary sacrifice car schemes
Aviva is launching an insurance policy for organisations which operate an employee salary sacrifice car scheme.The offering, which has been modelled on Aviva’s Fleetwise commercial insurance product for corporate fleets, has been developed following feedback from leasing organisations, brokers and employers.Through a salary sacrifice car scheme, the employer receives the ...
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Bombardier launches salary sacrifice car scheme
Bombardier Transportation has switched its contract-hire funded company car fleet to a salary sacrifice car scheme for all employees, and aligned it with its environmental strategy.The new scheme, which is provided by Tusker, sets an upper limit of 120g/km of CO2 for all cars. It is open to all UK ...
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New company car advisory fuel rates published
HM Revenue and Customs has published new advisory fuel rates for company cars which will apply to all journeys on or after December 1 2010.For one month after the date of the change, employers may use either the previous or new current rates, and therefore can make or require supplementary ...
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North Yorkshire Council cuts fleet emissions
North Yorkshire County Council has cut its fleet's CO2 emissions through a salary sacrifice car scheme for 13,000 employees.Since the scheme went live in April, average emissions across the 200 cars selected by staff have fallen to 112g/km of CO2 from the previous 156g. Cars available through the scheme, provided ...
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Lex Autolease launches salary sacrifice fleet product
Lex Autolease is launching a salary sacrifice product which will be available to all large corporate fleets with more than 500 cars or an employee base above 1,000.Employers can also choose to extend the scheme to employees’ friends and family.Claudia Rose, corporate sales director at Lex Autolease, said: “Our offer ...
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Teignbridge District Council to consider benefits cuts
Teignbridge District Council is to look into potential savings that could be made from reductions in employee benefits.In a meeting on Monday 29 November, the council will consider proposals that include ending essential car allowances, either only for those who travel less than 1,000 miles per year, or for all ...
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Lex Autolease research: Company car voted top salary sacrifice benefit
More than 20% of employers would opt for a company car above other salary sacrifice benefits, according to a survey from Lex Autolease.Conducted among 130 employees, the survey also found 78% of respondents would take up a salary sacrifice car if they had to replace a privately owned one.A similar ...
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Inchcape Fleet Solutions launches salary sacrifice company car scheme
Inchcape Fleet Solutions has launched a salary sacrifice company car scheme with risk elimination following demand from employers.The Justdrive scheme delivers a range of flexible insurances to safeguard employers against unforeseen termination charges if an employee leaves the company.An online portal will help employees in the decision making process with ...
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Interserve Project Services introduces carbon reporting tool
Interserve Project Services (IPS) has introduced a carbon reporting tool for its 1,200 drivers as part of efforts to cut its total fleet CO2 emissions by around 5% a year.The tool, recently launched by mileage and fuel cost management firm TMC, is designed to deliver a 23% cut in annual ...
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Archant exceeds expected take up of green car scheme
Archant’s green company car scheme is proving popular among staff as the take-up figure is ahead of target.The 30% of employees that have opted for lower carbon emitting cars is more than three times the number expected by the media group.Archant appointed fleet management firm CLM earlier this year to ...
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Trimble MRM launches driver safety software
Fleet firm Trimble MRM has launched its new driver safety software designed to help employers run fleets more effectively and efficiently.Drivers are given pointers on their safety performance via in-car audible beeps and red, amber and green lights. The system then relays real-time safety information to managers so they can ...
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NHS Staff Council proposes new rates for business travel mileage
The NHS Staff Council has proposed new arrangements for reimbursing staff for business travel mileage.The proposals are ready for final review in trade union consultations and, if agreed, the new rates will come into effect on 1 July 2013.The changes will give all staff the same reimbursement rate for business ...
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Fleet managers look to reduce cost and under-performance
More than half (60%) of fleet managers believe the best single way to reduce cost and under-performance is to reduce the number of unnecessary miles driven.A survey by Trimble MRM, the supplier of corporate in-vehicle telematics technology, which polled 300 fleet managers, also found 85% of respondents believe using fuel ...
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Employers increasingly recognise value of company cars
More employers are recognising the importance of company cars and giving drivers more choice.The latest Company Car Trends Survey by GE Capital Fleet Services revealed nearly half (42%) of fleet managers recognise the importance of company cars as a key recruitment and retention tool, compared to just one in three ...
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Magnet renews its fleet contract
Kitchen retailer Magnet has renewed its 650-vehicle hire contract with the Leasedrive Velo Group for a further four years.The contract covers its company cars and 40 user-chooser drivers.Lisa Wright, HR director at Magnet, said: "Leasedrive Velo has always provided excellent service levels, pro-active management and continually strives to deliver a ...
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Cable and Wireless Worldwide signals salary sacrifice car scheme
Cable and Wireless Worldwide has launched an environmentally friendly salary sacrifice car scheme for its 5,500 UK-based employees.Since the plan was launched at the beginning of August, 1,000 staff have registered to take part. Through the plan, drivers can choose from a range of low-emission brands such as BMW, Mini, ...
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IASB aims to improve financial reporting on vehicle leasing
The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) have published joint proposals to improve the financial reporting on vehicle leasing contracts.The aim of the proposals is to provide a consistent approach to lease accounting for both the lessees and lessors, bringing all leased assets ...
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Small fleets neglect duty of care and driver training
Small fleet operators fail to recognise the importance of duty of care and offering driver training..According to the Company Car Trends report by GE Capital Fleet Services, just over three in five (63%) small fleet operators see the significance of duty of care, compared to three-quarters (76%) of larger fleets.The ...
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Doosan Power Systems launches salary sacrifice scheme for company cars
Doosan Power Systems has launched a salary sacrifice fleet scheme for 2,500 employees as a voluntary benefit.The power utilities firm previously had a company car scheme in place but has added the salary sacrifice element to encourage low-cost car ownership through low CO2 vehicles.Launched this month through Zenith Provecta, the ...
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PwC research: One fifth of employers intend to reduce fleet choice
One fifth of organisations intend to reduce the choice of car available to employees, according to PricewaterhouseCoopers’ (PwC) Company Car UK report.While the number of organisations offering a car benefit has remained fairly static over the last five years, increasing limits are being placed on vehicle choice and replacement timeframes.Restrictions ...