All Employee Benefits articles in Web Issue – Page 311
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Article
New financial education body established
The Financial Services Authority (FSA) has established a new financial education body designed to enhance people's understanding of financial matters and improve their ability to manage their own financial affairs.The Consumer Financial Education Body (CFEB), will continue to run financial education seminars for employers as the FSA did. Work on ...
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Article
ING Car Lease introduces onsite servicing for company fleets
ING Car Lease has launched an onsite maintenance and repair service for fleets running company cars and light commercial vehicles.The new service allows employees to schedule vehicle maintenance or repairs at their convenience, for instance, during the working day while their car is in the workplace car park.Additionally, employees can ...
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Article
First Great Western introduces employer-funded cash plans
First Great Western has launched employer-funded healthcare cash plans for its 4,800 staff members across the UK.The scheme, provided by Health Shield, went live at the beginning of the month. Prior to the scheme being introduced cash plans were only offered as a voluntary benefit and were taken up by ...
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Article
Unum makes changes to group income protection products
Unum has announced a range of enhancements to its group income protection (GIP) products including the inclusion of an option that allows all costs associated with a worker being absent due to illness or injury to be covered under one policy.The provider's associated business cost option covers a range of ...
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Article
Cigna launches a new private medical insurance plan
Cigna Healthcare has launched a new private medical insurance (PMI) plan for employers with 150 to 400 employees.The Smarter Health plan includes a managed care service that provides access to a nurse throughout the course of an employee's treatment.In addition, the plan provides the employer with the ability to restrict ...
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Article
Fit notes come into law
Employees who are off sick for more than seven days will be issued with new fit notes rather than the traditional sick note under legislation introduced today.The new Statement of Fitness For Work note, which is relevant to all businesses in England, Scotland, Wales and Northern Ireland, will contain two ...
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Article
Nationwide Maintenance signs fleet management contract
Building services firm Nationwide Maintenance has signed a deal with fleet operator Lombard to provide and manage its fleet of 190 cars and vans.The fleet consists of around 150 Citroen vans, which Lombard is supplying with racking and signage, while also conducting trial of vehicle tracking systems.The remainder of the ...
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Article
Gala Coral Group outsources fleet management
Gala Coral Group will be outsourcing the management of its 300 company cars and 180 grey fleet cars to Fleet Alliance.In line with the betting and gaming conglomerate’s environmental policy of reducing the CO2 emissions of its fleet, all new vehicles will have a CO2 level of 160g per km ...
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Article
Scottish Widows launches corporate wrap
Scottish Widows is launching a corporate wrap product which will enable staff to track their employee benefits and personal finances through a single website.The corporate wrap service, called Mymoneyworks, is aimed at allowing staff to take control of their finances, and will be available as an option with Scottish Widows' ...
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Article
PensionDCisions research: most DC plans to review default option
More than half (54%) of defined contribution (DC) plans intend to review or change their default strategy in the near term. This figure is up from 20% in 2009.The findings are part of the 2010 PensionDCisions UK Sponsor Default Survey, which polled 62 large UK plans, representing 630,000 DC members ...
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Wakefield District Housing signs fleet extension deal with Lombard
Fleet provider Lombard has been reappointed by Wakefield District Housing (WDH) to supply its fleet of more than 350 vans on an exclusive basis following an extensive tender process and a 12-month contract extension.Lombard’s van sales unit is providing the housing association with a comprehensive technical solution, handling the design ...
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Ogilvie rolls out online fleet management tool
Leasing and fleet management specialist Ogilvie Fleet is rolling out an online fleet manager and driver vehicle quotation and ordering system, developed by fleet software provider Jaama.The system is designed to cut administration and uses real-time information sourced via Jaama’s online link with motor industry information providers Cap.The new vehicle ...
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Article
Venson launches new fleet salary sacrifice solution
Fleet provider Venson Automotive Solutions has launched a salary sacrifice scheme with built-in risk elimination for employers.The provider said Venson Advantage has been launched due to demand from customers who want to save on national insurance contributions, cut carbon footprint, improve duty of care by encouraging those who use grey ...
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Article
Friends Provident introduces corporate investment platform
Friends Provident is launching a new corporate investment platform aimed at employee benefit consultants and trustees in the unbundled pensions market.Developed in partnership with FNZ, the investment platform is the first stage of Friends Provident’s new corporate savings platform, which will be rolled out later this year.Key features of the ...
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Article
Public sector ahead of private sector in pay race
Public sector employees have seen their pay packets, including salary and pensions, increase at nearly double the rate of their counterparts in the private sector.According to research by the Institute for Fiscal Studies (IFS) and funded by the IFS Retirement Savings Consortium, public sector pay grew more rapidly than private ...
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Director of happiness charity to earn £80,000 salary
“Money, if it can’t bring you happiness, will at least help you be miserable in comfort,” said former editor of Cosmopolitan magazine Helen Gurley Brown.However, misery of any sort will be frowned upon at newly-formed charity Movement for Happiness - where the successful candidate for the post of director can ...
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Article
Employers believe they communicate benefits effectively
Nearly all employers believe they are communicating their benefits effectively.According to the Hay Group Flash Benefits Survey, 99% said they were using a variety of channels to communicate benefits effectively. Workplace intranets were the most popular method for doing this.However, 40% of organisations are failing to benchmark total remuneration, depriving ...
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Article
Legal and General to offer multinational quotes
Legal and General is now able to provide quotes for group risk products to international clients on a pooled basis after it joined the ‘All Net’ network, a wholly-owned subsidiary of Allianz Group.Legal and General provides group life and dependants’ pensions, group income protection and group critical illness cover to ...
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CBI calls for public sector pensions to be reformed
Public sector pensions must shift from unsustainable final salary models to a more affordable system to contain a burden of £1 trillion on the taxpayer.According to the report Getting a grip: the route to reform of public sector pensions by the Confederation of British Industry, due to an unpredictable guarantee ...
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Generation Financial Services launches employee benefits division
Generation Financial Services has introduced an employee benefits division.The new division will be integrated at board level with the company’s core independent financial advice (IFA) business.As well as offering the implementation, management and administration of employee benefits, it will also provide fee-based consultancy, either as a standalone service or within ...