All Employee Benefits articles in Web Issue – Page 482
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Case Studies
Case study: Barhale builds flexibility into health cash plan
Construction company Barhale has built a health cash plan from scratch to suit its workforce.The firm offers its 600 senior staff a private medical insurance (PMI) scheme, but it has also introduced Westfield Health's Mosaic cash plan, using intermediary PMI Health, to provide healthcare benefits for its 400 weekly-paid staff.The ...
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Analysis
Health cash plans: Offering eyecare benefits through health cash plans
If you read nothing else, read this… By law, employers must pay for eye tests and glasses for employees who use visual display units (VDU). Of those with an eyecare policy in place, most reimburse through expenses or issue eyecare vouchers. To meet their duty of care, employers can choose ...
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Opinion
Health cash plans: Sponsor's comment: Cash plans can bridge the gap
This article was supplied by HSF Health PlanHealth cash plans offer a flexible and cost-effective alternative to private medical insurance, says Lee Andre, marketing manager at HSF Health PlanThe popular desire for private medical insurance (PMI) can hardly be underestimated. Of course, most employees would, if they could, opt into ...
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Article
Capgemini renews fleet contract and focuses on sustainability targets
Capgemini has renewed its fleet management outsourcing contract with Leasedrive and is focusing on sustainability targets.The consulting, technology and outsourcing firm offers a salary sacrifice car scheme to its 3,500 UK employees, who can opt into the scheme anytime throughout the year.Capgemini is also working with Leasedrive on achieving its ...
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Article
Sherwood Forest Hospitals renews contract for salary sacrifice car scheme
Sherwood Forest Hospitals NHS Foundation Trust has renewed the contract for its salary sacrifice car scheme.Its mycar scheme, which was introduced three years ago and is provided by Leasedrive Group, enables employees to save on tax and national insurance by paying for their cars through a salary sacrifice arrangement.Anne Burton, ...
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Article
City Health Care Partnership launches salary sacrifice car scheme
City Health Care Partnership Community Interest Company (CHCP CIC) has added a salary sacrifice car scheme to its flexible benefits scheme.The Flextra scheme, provided by Tusker, forms part of the organisation's commitment to provide cost and carbon-efficient travel in delivering community healthcare services in line with its corporate sustainability programme.†It ...
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Case Studies
Case study: Cash plan eases PMI excesses at Gallagher Heath
Gallagher Heath uses a health cash plan to cover some of the excess from its private medical insurance (PMI) scheme.Only 340 senior employees at the insurance broker and risk management firm are members of its employer-paid PMI scheme, provided by WPA via a healthcare trust. But since October 2008, all ...
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Analysis
Health cash plans: Using cash plans to reduce PMI costs
If you read nothing else, read this…Employers are looking to combat the rising cost of private medical insurance (PMI) by introducing an excess. An excess of £100 can secure a premium saving of 7% to 10%.A common trend is to plug the PMI excess gap for employees by introducing a ...
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Analysis
Health cash plans: What are the key elements of a health cash plan?
If you read nothing else, read this… A health cash plan reimburses members for the full or partial cost of health services such as dental, optical, physiotherapy and employee assistance programmes. In the past, cash plans were paid for by the employee, but there is a growing trend for employers ...
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Analysis
Health cash plans: How to select the right plan for staff
If you read nothing else, read this… Health screenings, online risk assessments and medical questionnaires are first-step options to determine employees’ health profiles before introducing a health cash plan. Including relevant and valued health benefits in the cash plan will boost staff engagement and ensure a higher return on investment. ...
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Article
World Vision UK introduces discounts scheme and switches childcare voucher providers
Exclusive: World Vision UK has introduced an online employee discounts scheme and switched childcare voucher providers.The discount scheme, provided by Wider Plan, is available to all of the charity’s 200 UK staff.Marlene Smith, payroll and benefits specialist at World Vision, said: “We wanted to give staff more spending power in ...
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Article
Ellipse launches new group income protection product
Ellipse has launched a group income protection product that integrates income protection cover with an absence management system, helping to ensure illness and disability in the workplace are managed and mitigated.The product, InteractPlus, includes a built-in absence management service by Absere, and several specialist medical providers.It aims to reduce the ...
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Article
Legitas introduces GPP and will trial Nest
?Recruitment firm Legitas has introduced a group personal pension (GPP) for its 70 employees and is to trial the national employment savings trust (Nest) with a group of temporary staff currently on its books.The GPP, provided by Scottish Life, is the first employer-funded pension scheme to be offered by the ...
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Article
EXCLUSIVE: KPMG adds extended holiday purchase and iPad2s to flexible benefits
KPMG has added extended holiday purchase and iPad2s to its flexible benefits plan, and lowered its CO2 emissions through a salary sacrifice car scheme.During its annual flex enrolment in December 2011, the firm extended its holiday purchase from 10 to 15 days so its 12,000 UK employees can take extra ...
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Article
Private sector pay deals up on 2011
Pay deals in the private sector for 2012 are coming in at higher levels than the median recorded during most of 2011, according to research by Incomes Data Services (IDS).The IDS pay report found the increase was due to higher pay deals in the manufacturing sector, particularly in general engineering, ...
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Article
Employers will have more time to notify staff about auto-enrolment
The Department for Work and Pensions (DWP) has confirmed that employers will have more time to notify their employees about auto-enrolment.The time period within which employers must notify employees about auto-enrolment into a workplace pension scheme has been extended from one week to one month after the employer’s staging date.The ...
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Article
Capita to acquire Aviva UK Health’s occupational health business
Capita is to acquire Aviva UK Health’s occupational health business, which provides a range of occupational health services to more than 500 organisations.The business will be integrated into Capita’s range of outsourced health and wellbeing services, which include: health risk management, health screening and surveillance, absence management, employee assistance programmes, ...
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Article
Morneau Shepell acquires SBC Systems
Canadian firm Morneau Shepell has acquired SBC Systems Company.Through the acquisition, the provider of pensions and benefits will be a part owner in SBC Systems UK.James Markham, managing director at SBC Systems UK, said: “The SBC Systems UK management team sees significant opportunity in partnering with a large player in ...
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Article
One-third of respondents will use existing pension for auto-enrolment
Over one-third (36%) of respondents plan to continue using their existing pension scheme to comply with auto-enrolment obligations, according to research by JLT.The JLT 250 club research is based on the views of 250 employers with workforces ranging from 500 to over 3,000 employees.It also found:31% of employers do not ...
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Article
Intelek appoints pension schemes administrator
Intelek has appointed HS Administrative Services, part of Goddard Perry Consulting, to its defined benefit (DB) and defined contribution (DC) pension schemes.The schemes, which have assets over £22 million, were previously administered by Multiplex.Intelek, part of US-based Teledyne Technologies, provides electronic subsystems and instrumentation for aerospace, defence electronics, digital imaging, ...