All Employee Benefits articles in Web Issue – Page 534
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Case Studies
Ove Arup engineers smooth transition to group personal pension
Ove Arup and Partners International has taken a number of steps to engage and encourage its employees to save for their retirement since closing its defined benefit (DB) pension scheme in 2010, and more recently in the run-up to auto-enrolment, which will begin to be introduced next month.Pension roadshows, run ...
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Analysis
Auto-enrolment and the future of workplace savings
Employee Benefits assembled a panel of industry commentators to discuss recent developments in workplace savings and the impact of pensions auto-enrolment. Padraig Floyd reportsWorkplace savings benefits have developed rapidly in a market where regulation is reinforcing the need for employees to save for their retirement.On the eve of auto-enrolment, we ...
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Article
Jelf Employee Benefits launches financial education services
Jelf Employee Benefits has launched two financial education services, called Jelf Money at Work and Jelf Money after Work.The services, which can be offered by employers as one-to-one sessions or group workshops, covers topics such as investment guidance, technical support and lifetime financial education, and are designed to help employees ...
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Analysis
How SMEs can offer group risk benefits
If you read nothing else, read this…The group risk market has historically not been suited to small and medium-sized enterprises (SMEs) because of the relatively high cost of products.Lack of product choice has resulted in many SMEs emulating medium and large firms’ plan designs, resulting in them offering over-generous employee ...
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Case Studies
Group income protection bridged the gap for The Wilson Organisation
Financial services provider The Wilson Organisation has had a group income protection (GIP) scheme, provided by Unum, in place for about 25 years.Group financial director John Steele says it is a legacy policy that was first introduced with the organisation’s defined benefit (DB) pension scheme. “The DB scheme needed to ...
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Article
Yorkshire Building Society launches health cash plan for staff
Yorkshire Building Society (YBS) has introduced a health cash plan for its 4,000 employees.The plan, which is provided by Simplyhealth, allows employees to claim money back on visits to an optician, dentist, physiotherapist, chiropodist, chiropractor and osteopath.Staff can also use the plan for up to four resident children under the ...
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Case Studies
Case study: Vinci builds childcare voucher take-up
Construction firm Vinci UK launched a communications campaign early this year to refresh its 4,000 employees’ knowledge of its childcare voucher scheme.The campaign, created with Vinci’s provider, Computershare Voucher Services, included benefits roadshows, online slides, posters and material in its maternity- and paternity-leave packages.Campaign content highlighted the variety of childcare ...
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Article
Home Group launches salary sacrifice car scheme
Home Group has launched a salary sacrifice car scheme for its 3,350 UK employees.The social housing firm is currently phasing out the use of company cars and bringing in cash allowances. Some employees are expected to use their cash allowance to select a new car through the scheme, which is ...
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Article
LeasePlan and Deloitte launch guide on tax treatment of company cars
LeasePlan and Deloitte have partnered to publish a guide on the tax treatment of company cars.The guide highlights some of the key issues that fleet, finance, tax, HR and reward professionals should consider when reviewing their company car fleet.The guide covers a range of tax issues, including:How is tax relief ...
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Case Studies
Case study: Sellafield powers up communication on childcare vouchers
Nuclear reprocessing site Sellafield has offered its 9,500 UK employees childcare vouchers for many years, but it continues to refresh its communications to ensure the value of the benefit is fully understood.Common employee questions include: Where can the vouchers be used? What kind of childcare is covered? How much saving ...
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Article
Sellafield to host childcare roadshow
EXCLUSIVE: Nuclear waste management firm Sellafield will host a roadshow to promote its childcare benefits during National Work-Life Week from 24 to 28 September.The roadshow, including a stand with freebies, a display board about childcare vouchers from provider Computershare Voucher Services, plus booklets and fliers, will be held at its ...
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Case Studies
City and Guilds in talks on corporate platform
City and Guilds is in the throes of deciding whether to implement a corporate platform to help it optimise the attractiveness of its benefits package, which includes private medical insurance (PMI), group income protection (GIP), childcare vouchers and a bikes-for-work scheme.Sangeeta Mistry, group reward manager, says: “We offer a really ...
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Analysis
How to clearly communicate pension scheme contributions
If you read nothing else, read this… Pension scheme communications should refer to contributions as pounds and pence rather than as a percentage of salary. Employers should clearly illustrate all tax relief relating to employees’ pension scheme contributions. Pension modelling tools can help engage employees by enabling them to assess ...
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Article
House of Fraser closes DB pension and introduces GPP
House of Fraser has closed its defined benefit (DB) pension scheme to future accrual and launched a group personal pension (GPP) plan in preparation for auto-enrolment.The GPP will be provided by Aviva. Johnson Fleming will manage the scheme’s administration, governance reporting and auto-enrolment compliance through its platform inform equip.The GPP, ...
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Analysis
How to communicate defined contribution pension schemes
If you read nothing else, read this… Keep communications to employees about the importance of workplace saving simple and direct. Do not fall into the trap of stereotyping employees when targeting differentgroups in pension communications. Encourage employees to save more for their retirement by using pension modelling tools and providing ...
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Analysis
Right ingredients for a DC investment strategy
If you read nothing else, read this… 80% of DC pension members opt for their scheme’s default fund. There is some disagreement over whose role it is to set asset allocation. The Pensions Regulator expects improved investment governance. DC schemes are moving to spread investment risk outside pure equities.Case study: ...
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Analysis
Top tips for greening your fleet
If you read nothing else, read this… One of the most obvious ways to cut carbon dioxide (CO2) emissions is to introduce a cap. Employers can get a more accurate picture of how efficient a car is by considering costs over its lifetime. Driver training can help maximise fuel efficiency ...
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Article
Selecta outsources fleet management
Vending operator Selecta UK and Ireland has outsourced its fleet management.The service, which will be provided by Leasedrive, is a four-year contract that will cover company cars.It is a move from a multi-provider model, and will provide contract hire, service, maintenance and repair, accident management and short-term rental.Wayne Millward, fleet ...
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Article
GeoPost to launch GPP and improve pensions governance
EXCLUSIVE: GeoPost UK will replace its stakeholder pension scheme with a group personal pension (GPP) plan and introduce a pensions governance committee ahead of its auto-enrolment staging date of May 2013.The logistics firm has 4,500 employees, 2,300 of whom are in a stakeholder pension scheme that has been provided by ...
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Article
Wasabi introduces stakeholder pension scheme
EXCLUSIVE: Wasabi has introduced a stakeholder pension scheme in preparation for its auto-enrolment staging date at the end of 2013.This is the first time the sushi and noodle bar has offered staff a pension scheme.The scheme is being rolled out to its 950 employees in three phases. The first two ...