All articles by System Administrator – Page 48

  • Article

    Online crash guide for company car drivers

    2007-08-01T00:00:01Z

    An free online information guide for company car drivers telling them what to do if they are stopped by the police or are involved in a collision, and who to notify in the event of a crash, has been launched by fleet risk firm, Fleet Risk Consultants.The step-by-step guide for ...

  • Article

    Corporate manslaughter bill becomes law

    2007-08-01T00:00:01Z

    The Corporate Manslaughter and Corporate Homicide Act has received royal assent. From 6 April 2008, organisations whose gross corporate failures in health and safety lead to the death of individuals will face prosecution for manslaughter and an unlimited fine.

  • Article

    Alphabet launches online company car ordering system for fleet drivers

    2007-08-01T00:00:01Z

    Fleet provider Alphabet has launched an online company car ordering system for fleet drivers. The website only gives drivers access to information about the cars they are entitled to under the scheme. Drivers can use the website to compare vehicle prices and specifications and can store their favourite cars in ...

  • Article

    Microsoft trials mileage reports to monitor fleet CO2

    2007-08-01T00:00:01Z

    Microsoft is trialling mileage reporting devices in company cars in a bid to educate its drivers about the number of miles they drive and the amount of carbon emissions they create.The move will also give the software company an idea of the amount of damage its 4,000-strong fleet does to ...

  • Article

    Confessions of a benefits manager

    2007-07-18T16:25:44Z

    Candid: India is the place to be in business. Like supermodels sporting the latest handbag, every company has to have a call centre there. Not wishing to be left out in the rush to exploit low-cost labour, my company has bought a call centre in Bangalore. Just like that: prêt-a-porter. ...

  • Article

    Alastair Kendrick: New partner at Bourne

    2007-07-06T23:00:00Z

    Alastair Kendrick has joined Bourne Business Consulting as a partner, after the tax consultancy firm merged with his own company, LDK. Kendrick formed LDK with two fellow partners after leaving accountancy firm Wilder & Coe earlier in the year. Kendrick said the move would allow him to carry out more ...

  • Article

    Pensions - definitions - Trust-based pension scheme

    2007-07-06T16:53:44Z

    A trust-based pension scheme is a scheme that is managed by a board of trustees. The trustees have full responsibility for the management, administration and investment of the plan. The trustee’s fiduciary duty is to act in the interests of members and while they can delegate tasks to various specialists, ...

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    Pensions - definitions - Specialist funds

    2007-07-06T16:52:44Z

    Specialist funds are actively managed funds come in many flavours such as technology, smaller companies, special situation and income. They are all considered high risk.

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    Pensions - definitions - Property funds

    2007-07-06T16:51:52Z

    Property funds invest directly in commercial property such as offices, shops and factories. The investments earn money from rent and the increasing capital value of the properties. Commercial property has done spectacularly well in the last few years. However, values can also fall just as sharply. Property fund investments can ...

  • Article

    Pensions - definitions - Pension protection fund (PPF)

    2007-07-06T16:50:34Z

    The Pension Protection Fund was established to pay compensation to members of eligible defined benefit pension schemes, when there is a qualifying insolvency event in relation to the employer and where there are insufficient assets in the pension scheme to cover Pension Protection Fund levels of compensation.See: http://www.pensionprotectionfund.org.uk

  • Article

    Pensions - definitions - Personal accounts

    2007-07-06T16:49:43Z

    In 2012 the UK government will introduce a new system of pensions savings accounts called ‘Personal Accounts’ which is a basic, inexpensive pension plan that employers can use, unless they wish to offer staff a different form of pension scheme that is no less favourable than Personal Accounts.In 2012 a ...

  • Article

    Pensions - definitions - Overseas funds

    2007-07-06T16:48:20Z

    These are funds that invest in the shares of foreign companies by country such as the US, Japan or regions, such as Europe. They come in various styles including trackers and specialist but they all carry the important additional factor of currency risk.

  • Article

    Pensions - definitions - Occupational pension

    2007-07-06T16:47:23Z

    This is a scheme organised by an employer to provide pension benefits for their employees. Common types of pension schemes in the UK include: defined benefits (for example: final salary, career average) and defined contribution (for example: group personal pension, money purchase and stakeholder pensions). From 2012 a new scheme, ...

  • Article

    Pensions - definitions - National pension savings scheme (NPSS)

    2007-07-06T16:46:25Z

    In 2012 the UK government will introduce a new system of pensions savings accounts called ‘personal accounts’ into which all UK employees will automatically be enrolled unless they are already members of an occupational pension scheme which has contribution rates above those of the new NPSS. The legislation was introduced ...

  • Article

    Pensions - definitions - Money purchase pension

    2007-07-06T16:45:33Z

    A money purchase scheme is a trust-based defined contribution scheme. The size of the employee’s pension is determined by the size of the contributions to their pension, the performance of the investments in the scheme and the cost of an annuity (annuity rate) when they retire.

  • Article

    Pensions - definitions - Managed funds

    2007-07-06T16:44:08Z

    Managed funds are made up of a mixture of different types of investment such as equity, bonds and cash and possibly property and overseas equities. The spread reduces risk but can make these funds unexciting performers.

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    Pensions - definitions - Lifestyle funds

    2007-07-06T16:41:23Z

    Lifestyle have a strong if not a 100 per cent focus on equities in the early years, typically in global funds. These have taken the place of managed funds as the preferred default investment option under a defined contribution plan. NAPF figures show that in 2004, 56 per cent of ...

  • Article

    Pensions - definitions - Hybrid scheme

    2007-07-06T16:39:36Z

    A hybrid scheme is a scheme that is a combination of a defined benefit and defined contribution scheme.

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    Pensions - definitions - Final salary pension scheme

    2007-07-06T16:38:27Z

    A final salary scheme is a pension scheme that provides pension benefit to employees by using a formula that takes into account an employees salary at or near retirement and length of service. Although final salary schemes are highly valued by members, many have closed to new members in recent ...

  • Article

    Pensions - definitions - Ethical funds

    2007-07-06T16:37:23Z

    Ethical funds are a wide range of funds that either screen out ‘bad guys’ such as arms manufacturers and tobacco companies or pick ‘good guys’ for their ethical credentials, such as good employment or environmental practices. In 1999, just five per cent of defined contribution funds offered ethical funds, in ...