All Employee Benefits articles in Web Issue – Page 315
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Article
Birmingham City Council loses equal pay tribunal
An employment tribunal has ruled against Birmingham City Council in an equal pay case.Around 50 female workers in a variety of roles at the council, including lollipop ladies and cleaners, complained that until 2007 they were excluded from bonuses - worth up to 160% of their basic salary - despite ...
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Article
Generation Financial Services launches flex software service
Generation Financial Services has launched an integrated service that simplifies the way in which organisations can access flexible benefits software.The service removes the front end charges that can be requested by third party providers and instead operates a monthly charge.The offering will also include total reward statements, web-based administration, flexible ...
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Article
Almost 20% of final salary schemes closed to future accrual
Almost 20% of UK final salary pension schemes are now closed to future accrual, according to research by Hewitt Associates.Its survey of 154 schemes also showed the number of plans being frozen in this way could double over the next year.Some employers are considering retaining a final salary scheme but ...
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Article
AMII appoints new chairman
The Association of Medical Insurance Intermediaries (AMII) has appointed Andrew Tripp as chairman.Tripp, who has been a member of AMII's executive committee since March 2007, most recently served as AMII’s treasurer. He is also currently chief executive of broking firm Perfect Health.Tripp succeeds Mike Izzard, who has been AMII’s chairman ...
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Article
Low-pay training scam by US senator under investigation
Whatever you think about the actions of British politicians as they hurtle towards next week's general election, it would seem they have got nothing on one of their counterparts in the US Senate.According to the New York Post, New York State Senate Majority Leader Pedro Espada stands accused of exploiting ...
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Article
Employers are not prepared for auto-enrolment
Only a small proportion of employers have taken steps to prepare for auto-enrolling employees into a workplace pension which they will be required to do from 2012, according to research conducted by Mercer.The employee benefit consultancy's survey of trustees, pensions managers and pension administrators showed that less than a third ...
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Article
Life Academy launches retirement planning service
Life Academy, in partnership with Friends Provident, has introduced an online service called Preparing for Retirement, which organisations can offer employees as a pre-retirement educational tool.The course comprises four modules – managing change, money, time, and health and relationships – which are accompanied by a downloadable personal retirement planner.Stuart Royston, ...
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Article
ACFO launches guide to checking employee driver documents
The Association of Car Fleet Operators (ACFO) has launched the first in a series of ‘how to’ best practice guides for the public and private sector fleet policies and procedures.The AFCO Best Practice Guide to Employee Driving Document Checking says that the regular checking of driving licences of all employees ...
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Article
Computershare moves acquired EES employees into group personal pension scheme
Computershare Investor Services has harmonised its pensions provision after acquiring HBOS Employee Equity Solutions (EES).The firm has integrated staff from the employee share plan administrator's legacy defined benefit and defined contribution (DC) schemes into its group personal pension (GPP) plan. Of EES's 397 staff, 371 have chosen to join their ...
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Article
North Lanarkshire Council offers staff financial advice
North Lanarkshire Council has launched a financial advice service as part of efforts to look after the health and wellbeing of its 18,500 employees.The service, launched last month, offers independent financial advice to staff through seminars and one-to-one meetings. Advice is provided on a number of areas, including savings and ...
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Article
Fleet management bodies agree to closer collaboration
Two fleet management organisations, Association of Car Fleet Operators (ACFO) and the Institute of Car Fleet Management (ICFM) have agreed to forge closer working ties.The organisations will work together on areas of mutual benefit and promote their respective organisations to their membership bases.It is hoped the collaboration will bring each ...
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Article
Evander Glazing & Locks agrees a sole supply fleet outsourcing deal with ALD Automotive
Evander Glazing & Lock has signed a major new fleet outsourcing contract with ALD Automotive to supply new company cars and to manage out the legacy fleet.The locksmith company consolidated the supply and management of its fleet through one supplier following a management buy-out from Homeserve last year.ALD Automotive won ...
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Article
Framestore moves group personal pension into flexible benefits
Visual effects specialist Framestore has boosted take-up of its group personal pension (GPP) after moving it into its flexible benefits scheme as a salary sacrifice arrangement.Annabel Jones, human resources manager at the company, which has worked on films such as Avatar, said the GPP, provided by Scottish Widows, was the ...
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Article
Legal & General launches new campaign to help employees manage their own finances
Legal & General has developed a series of interactive educational modules as part of its new empployee education campaign.The modules are designed to educate employees on a wide range of financial subjects helping them make informed decisions about managing their own savings.The interactive educational modules appear as a series of ...
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Analysis
Company car salary sacrifice schemes speed up
If you read nothing else, read this...A salary sacrifice car scheme can work as a cash-free, cost-neutral benefit for employees, as well as a useful staff retention tool.Expect it to take between three and six months to set up and implement a scheme.This type of scheme can be delivered as ...
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Case Studies
Case Study: Freshfields spreads the word
Since law firm Freshfields Bruckhaus Deringer introduced a salary sacrifice car scheme last July, 18 employees have signed up, with two more in the pipeline. Adam Brooke, the firm's employee benefits manager, says: "At the moment, take-up is still fairly low, but the word is spreading. For example, we now ...
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Article
Newcastle NHS Trust switches childcare voucher providers
Newcastle-upon-Tyne NHS Trust has switched childcare voucher provider after reviewing the service and costs incurred through its previous supplier.The trust is moving to Fideliti from Computershare Voucher Services for a first salary deduction in June. David Malone, green transport and staff benefits adviser for the trust, said: "This is an ...
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Article
Kwik-Fit extends free vehicle collection and delivery service
Kwik-Fit Fleet is to extend a free fleet vehicle servicing and MoT collection and delivery service following a successful pilot.The service, which is being provided in partnership with Autoclenz, willbe rolled out to 220 Kwik-Fit sites this month and plans are underway to make it available nationally. It has been ...
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Article
Mercer launches defined contribution pensions governance tool
Mercer has launched a new tool to help trustees and governance committees improve the performance of their defined contribution (DC) pension schemes.The tool will help reduce the running costs and ensure schemes meet the needs of members, while also preparing them for new guidance expected from The Pensions Regulator.The Mercer ...
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Analysis
Make sure defined contribution pension default funds are dependable
Most defined contribution scheme members choose the plan's default fund, so employers should make sure it is not a bad option, says Jenny KeefeIn an episode of The Simpsons, Homer achieves one of his dreams by becoming a Nasa astronaut. It looks like his buddy, Barney, will be the one ...