All Employee Benefits articles in Web Issue – Page 384
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Article
Nest appoints fund managers for default fund offering
The National Employment Savings Trust (Nest) Corporation has announced the fund managers appointed for its first five mandates.The funds will provide Nest’s default fund offering.Mandate one: passive global equities. UBS Life World Equity Tracker, managed by UBS Global Asset Management Life Ltd, tracks the FTSE all-world developed index.Mandate two: passive ...
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Article
Aviva launches online total reward statements service
Aviva has launched online total reward statements to run alongside its group personal pension products to emphasise to employees all benefits provided by their employer.The statements will include details of an employee’s entire benefits package, including salary, bonus, pension, private medical insurance, health screening, life and critical illness insurance, car ...
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Analysis
Benefits can ease mothers back to work
If you read nothing else, read this… Employers can offer a range of perks to entice parents to return to work after a period of parental leave. These benefits include: childcare vouchers and back-up emergency provision; onsite nurseries and discounts at offsite nurseries; ante- and post-natal workshops, sessions or classes; ...
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Article
The Big Question: What effect could shared parental leave have on benefits?
Dr Caroline Gatrell, senior lecturer, management learning and leadership, Lancaster University Management School:Employers still tend to organise working practices around the idea of dads as full-time income earners, with limited responsibility for childcare, but this just does not reflect the reality for many of today’s families. Once mums and dads ...
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Article
Incisive Media to introduce income protection and bonus sacrifice
Incisive Media is to introduce an employee-funded voluntary income protection scheme and a bonus sacrifice arrangement.The income protection scheme will be administered by Unum. Emma Cutbill, benefits manager at Incisive Media, said: “We have been interested in introducing an income protection scheme for our staff for the past couple of ...
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Article
Equiniti launches online financial education campaign
Equiniti has launched an online financial education campaign that features a cartoon operetta to help the 18 million UK shareholders it serves understand complex financial topics.Its The Big Picture; Hens and Equities operetta will feature a series of short clips with the first covering inflation. Featuring singing chickens, the clip ...
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Article
CFC Solutions: Speeding and mobile phone use are most common company car offences
Exceeding the speed limit and using a mobile phone while driving top the 10 most common driving offences committed by company car and van drivers, according to research from CFC Solutions.The research, based on users of CFC Solution’s licence checking software, found that the exceeding the speed limit on a ...
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Case Studies
Case study: Ford drives up number of returning mums
Ford Motor Company offers maternity leave of 52 weeks at 100% of pay. All employee benefits, including pension contributions and company car, continue throughout that period. The company, which has 12,000 staff in the UK, won ‘Best for maternity’ in Working Families’ Top Employers awards 2010.Ford operates a buddy system ...
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Article
Westfield Health enhances employer-paid cash plan
Westfield Health has enhanced the quoting system for its employer-paid health cash plans.Its Westfield Mosaic plans now offers a choice of 19 benefits and services, plus free integrated cover for dependent children on core benefits and a complementary BusinessCare benefit for employers, from £1 per employee per week.New additions to ...
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Article
Ceridian renews contract hire and fleet management contract
HR and payroll services provider Ceridian has extended its contract with Leasedrive Velo to supply contract hire and fleet management services.The contract covers a fleet of around 100 contract hire cars and 120 cash-for-car drivers. It predominantly uses models from manufacturers Audi, BMW and Volkswagen.Doug Sawers, managing director of Ceridian ...
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Article
PWC extends childcare voucher incentives to fathers
Accountancy firm PricewaterhouseCoopers (PWC) is to extend its provision of childcare vouchers to fathers who return to work after exercising their new legal right to take more than 12 weeks of paternity leave.The firm already offers mothers returning from maternity leave an extra 20% of their base pay in childcare ...
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Article
School closures insurance launched for working parents
Towergate Insurance has launched School Closures Insurance to protect working parents from loss of earnings and additional childcare costs.More and more employers have introduced adverse weather policies which can mean staff lose pay for taking days off to look after their children as a result of bad weather.The insurance policy, ...
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Article
KPMG launches defined contribution pensions practice
KPMG has launched a dedicated defined contribution (DC) practice.KPMG DC Solutions will advise organisations on all aspects of DC pensions provision including assistance in the design of the schemes, choosing platform providers, advising on employee communications, and delivering DC governance and investment services.KPMG’s pensions partner, Gurmukh Hayre, will lead the ...
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Article
Scottish Widows launches corporate Isa
Scottish Widows has launched a corporate individual savings account (Isa) on its workplace savings platform, Mymoneyworks, to increase choice and flexibility for employees looking for additional savings vehicles.The corporate Isa consists of a self-select stocks and shares Isa, and self-select funds Isa, both provided by Halifax Share Dealing, part of ...
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Article
Mercer to launch corporate wrap product
Mercer is to launch a corporate wrap product called Mercer Workplace Savings Solution.The platform will be launched in partnership with Friends Provident, Standard Life and Zurich, each of which is developing its own corporate wrap platform. Mercer's system will guide users through the options and provider best suited to their ...
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Analysis
Private medical insurance for executives
If you read nothing else, read this... Outpatient treatment limits for executive staff can be upgraded to a full refund. Some executive employees do not have to disclose medical history. Executives' families are generally included in their PMI plan. Common features of executive PMI include: diagnostic scans, cancer treatments, pregnancy ...
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Article
Resolution completes acquisition of Bupa Health Assurance
Resolution, and its subsidiary life company Friends Provident Life and Pensions, has completed the acquisition of Bupa Health Assurance (BHA).The deal, which comprises Bupa's group risk and individual protection businesses, was first announced on 15 October 2010.It is intended that BHA will be run as a stand-alone entity for approximately ...
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Article
Workplace Giving UK research: Payroll giving should be opt out rather than opt in
Approximately two-thirds (68%) of employees would prefer payroll giving to be an opt-out rather than an opt-in benefit.According to a poll of more than 1,000 employees by Workplace Giving UK, a further 64% said they would want to have a say in which charity the deducted monies went to.Peter O’Hara, ...
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Article
PPF announces new pension protection levy framework
The Pension Protection Fund (PPF) has announced that it intends to implement its new pension protection levy framework from 2012/13.The move follows a consultation that closed on 20 December, and responds to calls from industry for an early announcement on the PPF’s intentions so schemes can take these into consideration ...
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Article
AWD Chase de Vere launches online SME payroll and benefits system
AWD Chase de Vere has launched an integrated payroll and benefits online system for small and medium-sized enterprises (SMEs).The firm has partnered with The Briars Group to provide a bespoke approach to managing payroll, while enabling employers to improve the benefits service they offer to staff and reduce costs.Jason Walker, ...