News – Page 6
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ArticleUniversity of Lincoln introduces car salary sacrifice scheme
The University of Lincoln has launched a car salary sacrifice scheme for staff.The university, which employs 1,600 core members of staff, is introducing the scheme to further enhance its employee benefits offering.The car salary sacrifice scheme, which will sit alongside existing travel benefits, aims to support employees’ commutes to work ...
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Article40% rank health insurance in their top three employee benefits
Four in ten (40%) respondents rank health insurance among their top three most-valued employee benefits, compared to 37% in 2015, according to research by Willis PMI Group, part of Willis Towers Watson.Its survey of 1,197 UK employees also found that 32% place health screenings among their top three benefits, which ...
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ArticleEXCLUSIVE: JLT achieves 18% engagement rate with car salary sacrifice scheme
EXCLUSIVE: Jardine Lloyd Thompson (JLT) has seen 18% of eligible employees register interest in its car salary sacrifice scheme in the three months since it was launched.The insurance, reinsurance and employee benefits consultancy firm introduced the scheme, which is provided by Fleet Hire’s Car Salary Exchange, at the end of ...
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ArticleTravis Perkins launches car salary sacrifice scheme
Travis Perkins has introduced a car salary sacrifice scheme in order to enhance its employee benefits package.Since the scheme's launch in March 2016, over 180 orders have been received.The scheme, provided by Car Salary Exchange, gives employees access to a choice of 4,000 new cars. The cars ordered thus far ...
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ArticleBuyer's guide to car salary sacrifice schemes 2016
What are salary sacrifice company car schemes?Salary sacrifice car schemes have become a popular benefit, allowing employees to sacrifice a portion of their monthly salary in return for a new car.Employees benefit from having a safe, maintenance-free car, while employers go some way to demonstrating compliance with their duty-of-care requirements ...
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ArticleGovernment retains freeze on fuel duty
Budget 2016: Fuel duty is to remain frozen at 57.95p a litre for 2016-17.This is the sixth consecutive year that the government has retained the freeze on the rate of fuel duty.The continued freeze was announced by Chancellor George Osborne during his Budget 2016 speech today (16 March).Osborne said: “In ...
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ArticleAberdeenshire and Aberdeen City Councils achieve 10% log-in for car salary sacrifice
Aberdeenshire and Aberdeen City Councils have achieved a 10% log-in rate to their dedicated driver site after revamping their car salary sacrifice scheme.The car salary sacrifice arrangement was revamped in June 2015 as part of wider changes to the local authorities’ employee benefits programme, which is provided by P&MM.Thus far, ...
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ArticleLearn whether car salary sacrifice risks have become a reality at Employee Benefits Connect
Those attending Employee Benefits Connect can gain insight into the potential risks around car salary sacrifice arrangements, and how to select risk mitigation approaches that best suit their organisation.In the session ‘Salary sacrifice for cars: evolving solutions and the truth about risks’, Claire Evans, head of fleet consultancy at Zenith, ...
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p50: Car salary sacrifice schemes – the truth about the risk
It is no surprise that salary sacrifice car schemes are on the rise. As a benefit that has the opportunity to be cost-neutral for the employer and cost effective for the employee, the popularity of these schemes is ever growing.One of the common detractors, however, is the perceived risk involved ...
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Article33% name company cars as the best work perk
A third (33%) of employee respondents say that a company car is the best work perk an employer could offer, according to research by OSV Vehicles and Motoring.Its survey of 750 employees and 340 employers also found that a company car is the deciding factor for 19% of employee respondents ...
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ArticleLearn about car salary sacrifice schemes fit for the future at Employee Benefits Connect
Delegates that attend Employee Benefits Connect 2016 can gain insight into how to offer a car salary sacrifice scheme that is effective for employers and employees now and in the future.During a roundtable session entitled ‘How to provide a successful salary savings car scheme’, Alison Argall, business development director at ...
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ArticleEXCLUSIVE: Atos launches car salary sacrifice scheme
EXCLUSIVE: Digital services provider Atos has introduced a car salary sacrifice scheme for its 10,000 employees.The scheme, which launched on 1 February and is provided by SG Fleet, was initially communicated to employees with a teaser campaign in the run-up to the launch using a range of posters, flyers and ...
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ArticleWolseley UK introduces car salary sacrifice scheme
Heating, plumbing and building materials organisation Wolseley UK has introduced a car salary sacrifice scheme for all of its 6,500 employees.The scheme, provided by Zenith, was launched in November 2015 and the first car was delivered in early December.To date, 29 orders have been placed by Wolseley UK employees, three ...
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ArticleEXCLUSIVE: Carlsberg UK to launch car salary sacrifice scheme
EXCLUSIVE: Carlsberg UK is to launch a car salary sacrifice scheme for its 1,600 employees in spring 2016.The organisation is introducing the new scheme, provided by Car Salary Exchange, to broaden its employee benefits offering.The salary sacrifice arrangement will sit alongside Carlsberg UK’s existing company car offering. It will be ...
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6: Tax and legislation: How will the Autumn Statement affect workplace benefits?
Chancellor George Osborne delivered the 2015 Autumn Statement and Spending Review on 25 November, which included announcements that will impact the future of employee benefits.PensionsThe next two phases of minimum pension contribution rate increases under auto-enrolment are to be pushed back to coincide with the tax year. The minimum contribution ...
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ArticleCancer Research UK outsources company cars
Charity Cancer Research UK has outsourced its company cars to control costs, introduce fleet best practice and reduce administration.The organisation has outsourced the management of its 180 cars to provider Fleet Hire in order to run its scheme more efficiently.The charity operates a contract hire scheme, with a single badge ...
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ArticleBuyer's guide to car salary sacrifice schemes 2015
Despite worries over the future of salary sacrifice arrangements after the Government announced it intended to monitor such arrangements in its July 2015 Budget, car salary sacrifice schemes remain a popular choice with businesses and their employees.A report from consultancy firm OC&C in 2014 predicted car salary sacrifice could account ...
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ArticleThe Autumn Statement’s impact on employee benefits
On 25 November, chancellor George Osborne delivered the 2015 Autumn Statement and Spending Review. Below is a summary of all the key announcements impacting employee benefits:Osborne announced that the next two phases of minimum pension contribution rate increases under auto-enrolment will be pushed back to coincide with the tax year.The ...
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ArticleDiesel supplement to remain in company car tax to 2021
Autumn Statement 2015: The government will retain the diesel supplement in company car tax.There will be a 3-percentage point differential between diesel cars and petrol cars from April 2016 to 2021, when EU-wide testing procedures will ensure new diesel cars meet air quality standards under strict real world driving conditions.The ...
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58 per cent of teachers say they do not have employee benefits
More than half (58%) of teacher respondents say that they do not have employee benefits, according to research by fleet management firm Tusker.Its survey of 330 teachers also found that just 9% of respondents are satisfied with their current employee benefits package.The research also found:41% of respondents name pay as ...