All Employee Benefits articles in Web Issue – Page 453
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Article
EXCLUSIVE: Personal Group adds nurse advisory service to voluntary group income protection
Personal Group has added a nurse advisory service to its voluntary group income protection (VGIP) product.The Support product provides employees with a trained nurse via telephone support, referrals to other supporting organisations, and a home visit.Additional advice is also provided for family members affected by the incapacity.A clause has also ...
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Article
Ricardo adds salary sacrifice car scheme to flex
Engineering firm Ricardo has added a salary sacrifice car scheme to its flexible benefits scheme.†Cars selected through the scheme, which is provided by Tusker, include the Peugeot 107, Citroen DS3 and several Seat models, including the Ibiza and Leon.Staff can access the scheme online and select up to two new ...
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Article
EXCLUSIVE: Innovation Group adds salary sacrifice car scheme to flexible benefits
Innovation Group has added a salary sacrifice cars to its flexible benefits plan for its 705 UK staff.The scheme, provided by Tusker, allows employees at the global provider of software and outsourcing solutions for insurers to sacrifice part of their salary in return for a new car, which means they ...
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Article
Run Your Cars adopts online group-buying model for fleet management
Run Your Cars has introduced an online group-buying model in order to bring discounts to fleets run by small and medium-sized organisations.The fleet management firm has adopted the Groupon model, which will see employers pay a monthly fee in return for access to fleet benefits at discounted rates, including accident ...
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Article
Payzone UK increases GPP take-up after communications exercise
Payzone UK has increased the take-up of its group personal pension scheme from 39% to 55% following an extensive communications exercise.Working in conjunction with Secondsight, the firm gave its 140 UK-based employees the opportunity to attend presentations and one-to-one meetings on its pension scheme, which is provided by Aegon.Employees were ...
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Article
EXCLUSIVE: Lookers drives savings after consolidating private medical insurance schemes
Car dealership Lookers has saved £30,000 on premiums after consolidating 14 private medical insurance (PMI) schemes across its business.The firm had accumulated the schemes through acquisitions. It decided to replace them with one large claims-related scheme and retain one existing plan, which has an older demographic and a high number ...
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Article
Haulotte Group signs fleet management agreement
Haulotte Group, the people and material-lifting equipment firm, has signed a new three-year fleet management agreement for its 75 cars in the UK.The agreement, provided by ALD Automotive, will deliver services that include accident management and its PoolFleet product, which provides short-term cars for specific requirements such as for staff ...
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Case Studies
Case study: Asda shows value of cars
Asda runs a fleet of more than 700 contract hire cars, but allows staff to opt out and take a cash allowance instead. In the past 12 months, cash allowance takers have been returning to company cars, however.Staff who opt into the car scheme benefit from corporate discounts and a ...
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Article
Aspire introduces GPP to prepare for auto-enrolment
EXCLUSIVE: Charity Aspire has rolled out a group personal pension (GPP) scheme in preparation for the 2012 pension reforms, and has launched an online flexible benefits scheme.The charity’s staging date, to comply with the reforms, is 2014, because it has 59 employees.Tasha Webster, director of operations at Aspire, said: “I ...
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Analysis
Drivers move away from grey fleet
If you read nothing else, read this … Under grey fleet arrangements, employees use their own cars for business purposes. Some organisations that have operated grey fleet arrangements are now returning to company cars. Employers should weigh up which is best suited to their organisation.Case study: Asda shows value of ...
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Analysis
Health and wellbeing: Best remedy for sickness
If you read nothing else, read this … Third-party absence management systems involve staff reporting absence to a trained nurse or healthcare professional. Data is then fed to the employee’s manager. Opinion is split over whether technology-based reporting platforms are superseding third-party absence management systems. Third-party systems can manually record ...
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Article
EXCLUSIVE: BNP Paribas extends childcare service
BNP Paribas has extended the emergency childcare and carer service offered in its US banking division to its 3,500 permanent UK staff.The service provides up to 10 days’ emergency care for children in the form of a nanny or nursery place, or in-home care for dependent adults.The bank’s US offices ...
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Article
EXCLUSIVE: Mayer Brown rolls out emergency care plan in National Work-Life Week
Law firm Mayer Brown has introduced an emergency care scheme as part of a range of benefits events held during National Work-Life Week, from 26-30 September.The scheme includes emergency childcare, holiday care and care for dependent adults. In its first week, 5% of the firm’s nearly 600 employees signed up ...
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Article
EXCLUSIVE: Kantar Worldpanel gives employees budget tips
Market research firm Kantar Worldpanel has held financial education sessions as part of its efforts to improve employees' wellbeing.The hour-long sessions showed staff how they could save money on mortgages, power bills, banking, and car and house insurance. They were also given information about Kantar's group personal pension scheme.The firm ...
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Article
Buyer's guide to group personal pensions
Focus on factsWhat is a GPP?A group personal pension is a contract-based pension scheme that is arranged by the employer, but each member holds a personal pension contract directly with the provider.What are the origins of GPPs?GPPs came in on the back of individual personal pensions, which were introduced in ...
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Article
Emap completes buyout of defined contribution pension scheme
Emap has completed the buyout of its defined contribution (DC) pension scheme, which had 6,000 employee members.The scheme had assets before the transaction of around £140 million. The buyout was completed with assistance from Mercer and Capita Hartshead.As part of the buyout agreement, and depending on their membership status and ...
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Article
Marie Curie Cancer Care renews fleet management contract
Marie Curie Cancer Care has renewed its fleet management contract with Leasedrive for another two years.†The contract covers 174 cars on contract hire or contract purchase, as well as the provision of short-term rental.Jeremy Sothcott, fleet manager at Marie Curie Cancer Care, said: “When we went out to tender, we ...
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Article
Growing waistbands impact size of company car fleets
The size of UK company car fleets is getting bigger; but not in terms of the number of cars.Luxury car manufacturers, such as BMW Group, are looking at adjustments to their cars in order to accommodate the growing number of obese people in the UK.While waistbands continue to grow, manufacturers ...
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Article
Santander launches salary sacrifice company car scheme
Santander has introduced a salary sacrifice company car scheme for its UK employees.The scheme, run by Zenith, is available to all staff. The banking group also launched a company car scheme only available to essential business users, which includes 750 eligible employees. The eligible drivers cover over 8,000 miles a ...
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Article
Clifford Chance introduces salary sacrifice car scheme
Clifford Chance has introduced a salary sacrifice car scheme for its UK employees.The scheme, Salary Exchange which is provided by Zenith, operates on a cost-neutral basis for the law firm because the employee sacrifices part of their gross salary in return for a car, saving income tax and national insurance.The ...