All Employee Benefits articles in Web Issue – Page 341
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Article
Lees Solicitors rolls out employer-paid health cash plan
Lees Solicitors has introduced an employer-paid health cash plan for its 110 staff.The plan offers employees and their families a range of healthcare benefits such as optical and dental treatments, and discounted gym membership. Staff can also gain a second medical opinion through the Best Doctors service, through plan which ...
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Article
Sanofi-Aventis changes group income protection providers
Sanofi-Aventis has switched group income protection (GIP) providers from Legal and General to Generali.The healthcare firm, which has 100,000 staff globally, said that it wanted a provider with a different, but strong, approach to customer service and claims management, which also met the needs of its multinational pooling scheme.Sanofi-Aventis staff ...
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Article
Herbert Smith extends emergency childcare offering
Herbert Smith has extended its emergency childcare service to include school holiday cover.The law firm initially launched its childcare service through provider My Family Care in early 2008 and added school holiday cover last month.Michelle Bassett, benefits analyst at Herbert Smith, said: “The idea was for employees to access the ...
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Article
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 ...
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Article
Rugby Football Union converts fleet package
The Rugby Football Union (RFU) has consolidated its fleet provision and entered into a four-year fleet management contract with one provider as part of a drive to cut costs.The new arrangement, which is provided by fleet management firm Masterlease, will see all aspects of the organisation's 167-strong fleet offered by ...
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Article
CSC implements corporate wealth platform for staff
CSC, the software application firm, has launched a corporate wealth platform to its 7,000 staff.The platform, which was also developed by CSC for Scottish Widows, provides employees with financial education, guidance and interactive tools to help them identify their financial planning needs.The platform, called Mymoneyworks, offers a range of savings ...
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Article
One in five fleets fail to recheck driving licences
One in five company car fleets fail to regularly recheck driving licences according to research conducted by by CFC Solutions.Around a fifth of organisations using the firm's licence link software do not have any plans to check if the status of their drivers have changed by gaining more driver penalty ...
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Article
Expedia replaces group personal pension scheme with group Sipp
Expedia is to close its group personal pension (GPP) scheme and introduce a group self-invested personal pension (Sipp), with staff able to make contributions via salary sacrifice.The change, which happens this month, will affect 900 staff in the UK, including those in two of Expedia's other businesses, TripAdvisor and Egencia.The ...
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Analysis
Pensions Research 2010: Sponsor's comment
Communication is the key to guide staff through a changing pensions landscape, says Simon Fletcher, client relationship director at Johnson FlemingThe pensions landscape continues to evolve, with further changes planned, but not clarified, by the new coalition government. The industry itself is undergoing transformation, with mergers in both the adviser ...
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Article
Employee Benefits/Johnson Fleming Pensions Research 2010
Download a PDF of the Employee Benefits/Johnson Fleming Pensions Research 2010Pensions research: Key findingsPensions research: AttitudesPensions research: Types of schemePensions research: LegislationSponsor’s comment: Be ready for brave new worldEditor’s Comment?In just over two years, the Pensions Act 2008 will begin to be implemented in the form of auto-enrolment, compulsory contributions, ...
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Article
Pensions Research 2010: Key findings
Our survey, which was carried out in June 2010 among readers of Employee Benefits magazine and users of www.employeebenefits.co.uk, received 552 responsesKEY FINDINGS77% offer a defined contribution plan as their main scheme, while 18% offer a defined benefit plan as their main scheme13% have introduced auto-enrolment to boost take-up, while ...
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Article
Pensions Research 2010: Attitudes
A quality pension is still a vital recruitment and retention tool, says Jennifer PatersonOver the past 10 years, respondents' view of employer-provided pensions has not changed much. The top three statements with which employers identify most has not changed in this time, although the order in which they appear has ...
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Article
Pensions Research 2010: Types of scheme
Defined contribution schemes continue their ascendancy, says Debi O’DonovanThe types of pension scheme on offer show how employers continue to move away from defined benefit (DB) towards defined contribution (DC) schemes. Where DB schemes still exist, they are more likely to be a secondary plan (perhaps because it is closed ...
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Article
Pensions Research 2010: Legislation
Employers are starting to get into gear for the 2012 reforms, by Nicola SullivanAs the 2012 introduction of the Pensions Act 2008 comes ever closer, employers must consider what impact it will have on their pension plans. The research suggests employers are keen to ensure the reforms do not mean ...
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Article
Boots reduces staff absences with one-off recognition scheme
Boots has reduced absence levels by awarding an Advantage Card up to the value of £50 to employees with 100% attendance over the past year.The vouchers were sent to 26,000 employees from the retailer's 60,000-strong UK workforce. The value of the vouchers were pro-rated for part-time staff.The one-off recognition scheme, ...
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Analysis
How public sector benefits, pay and pensions are being reviewed
If you read nothing else, read this…The coalition government has taken a tough cost-cutting stance on public sector pay and pensions, commissioning independent reviews in each of these areas.It has also imposed a two-year pay freeze for all public sector staff earning above £21,000 a year. Staff earning less than ...
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Analysis
National employment savings trust (Nest) update
If you read nothing else, read this....National employment savings trust (Nest) is a low-cost pension scheme designed to help employers meet new legal duties, such as auto-enrolment and compulsory contributions, that will be introduced in October 2012.Employers can either change their existing pensions to comply with the reforms, or use ...
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Article
Interview with Samantha Gee, director of resourcing and reward at Cancer Research UK
Psychology training has helped Samantha Gee, director of resourcing and reward at Cancer Research UK, develop the people skills she has employed in a wide-ranging career, says Tynan BartonEarly in her career, Samantha Gee, director of resourcing and reward at Cancer Research UK, discovered that her degree in psychology stood ...
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Analysis
Calculating the cost of implementing flexible benefits
If you read nothing else, read this….The cost of flexible benefits plans varies according to many factors, such as the size of the organisation, existing benefits structure and the complexity of the plan.Consultancy fees can cost from about £8,000 to £15,000 for a fixed period.Implementation of the system is a ...
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Article
The big question: Should pensions auto-enrolment go ahead?
Vance Kearney, vice-president of HR, EMEA for the Oracle Corporation:Are you an employer that pays minimum wages to your staff and gives no benefits? If so, turn the page now. Assuming that is not you, then why don't you automatically enrol all staff into your pension scheme?It is apathy that ...