All Employee Benefits articles in Web Issue – Page 587
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Article
Zipcar launches fleet calculator
Zipcar has launched a business calculator, which enables employers to better understand their current fleet usage patterns, assess the costs involved and identify time spent on administration.The tool can collate a report that demonstrates the potential time and cost savings associated with a pay-as-you-drive system, taking into account the organisation’s ...
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Wolverhampton NHS Trust launches salary sacrifice cars
Royal Wolverhampton NHS Trust has launched a salary sacrifice car scheme for its 6,165 eligible employees.All permanently-contracted employees at the trust will be eligible to use the scheme, called SalarySacrifice4Cars.The scheme is run by Tusker and is the fleet provider’s 100th scheme.Tony Stanyard, head of procurement at Royal Wolverhampton NHS ...
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Article
Engage Mutual removes cash plan excesses
Engage Mutual has upgraded its employer-paid health cash plan product.The provider has removed the excess payable on four of the six treatment areas: health screening, counselling, complementary therapies, and consultations.It has also introduced the option of a higher premium level with an increased annual fund limit of £1,850.David Castling, commercial ...
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Article
Simplyhealth updates cash plan product
Simplyhealth has updated its voluntary health cash plan product by adding new benefits and increasing the annual limits on a number of existing benefits.The plan, which is available to new clients from 1 February and will be extended to existing employer clients from 1 April 2013, now includes dental accident ...
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PQM to set tougher standard on pension charges
The National Association of Pension Fund’s Pension Quality Mark (PQM) is lowering its cap on charges from 1% to 0.75% of pot size per year, which employers must meet before they can qualify for the nemchmark.The change, which will come into effect from 1 April 2013, means that pension schemes ...
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Article
L&G partners mental health charity
Legal and General has partnered national charity Rethink Mental Illness to help employers reduce the number of working days lost due to employees’ mental health problems.The partnership allows employers that take up Legal and General group protection insurance to access training from the charity using management tools that can be ...
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Article
Fund price impacts pension provider choice
EXCLUSIVE: The price of funds is the most important considerations for employers when selecting a pension provider for a contract-based pension scheme, according to exclusive research conducted for Employee Benefits by Booz & Co.The Employee Benefits/Booz & Co Default funds survey, which polled 225 employers, found that 84% of respondents ...
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Video
Ian Cloake: Rewarding globally mobile employees
Ian Cloke, vice president of global reward at Unilever, chats to Debbie Lovewell, deputy editor at Employee Benefits, about the key issues to consider when rewarding globally mobile employees.He explains that consistency is important because employees will talk to each other. Global mobility managers also need to be transparent and ...
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Article
Collective-based pensions identified as future for UK
The future success of the UK pensions market requires a move to collective-based pensions, according to David Pitt-Watson, lead for the Tomorrow’s Investor programme at the Royal Society of Arts (RSA) and author of Building the consensus for a people’s pension in Britain.Speaking at the Employee Benefits Pensions and Workplace ...
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Consultants under pressure to prove their worth
Pensions consultants face increasing pressure to justify their worth in the new-look pensions world in which providers are offering integrated schemes with in-built governance and employee communication services alongside asset management.Speaking at the Employee Benefits Pensions and Workplace Savings Summit on 31 January, Debbie Harrison, senior visiting fellow at The ...
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Two work-life consultations launched
The Advisory, Conciliation and Arbitration Service (Acas) and the Department for Business, Innovation and Skills (Bis) have launched consultations on extending the right to request flexible working, and the administration process for shared parental leave and pay, respectively.The Bis consultation, Modern workplaces: shared parental leave and pay – administration consultation, ...
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Article
Technical support offers cost savings for fleets
Employers could achieve the greatest fleet savings (39%) by improving technical support, such as automating car-servicing arrangements and specifying a partner garage for repairs, according to a review by LeasePlan.Its review of more than 133,000 company cars found that employers could save more than £50 million, an average of £400 ...
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Video
Rob Horrocks: How to get the finance director on side
Rob Horrocks, financial director at Merlin Entertainments, the operator of amusement parks and other attractions, tells the audience at Employee Benefits Live 2012 how benefits managers can get the finance director on side.He shares his top tips on what not to say if benefits managers want to avoid winding up ...
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Article
Employers not monitoring driver risk
Only 30% of employer respondents regularly monitor their risk position relating to employee drivers safety, according to research by Fleet 21.The Fleet 21 business driver report found that 64% of respondents do not have a fixed budget for driver safety and 11% do not have formal policies in place around ...
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Heineken focuses on purchasing power of pension funds
Heineken regularly reviews its default and lifestyle funds alongside annuity prices and inflation to give a better picture on the purchasing power of the funds.Speaking at Employee Benefits Pensions and Workplace Savings Summit 2013, Carol Young, pensions manager at Heineken, said: “One of the things that we felt very strongly ...
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Article
Scottish Life launches six new investment funds
Scottish Life has launched six new funds within its core investment fund range.The pension provider, which is part of the Royal London Group, now offers 164 funds from 29 fund managers.The new funds include four external funds, three of which are rated by independent investment research consultancy Morningstar OBSR, and ...
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Infrastructure platform secures investors
A platform to support pension funds’ investment in infrastructure projects has secured ten funds as founding investors, reaching £1 billion in investment capital.The Pensions Infrastructure Platform’s (PIP) 10 investing funds are: British Airways Pension Scheme, BAE Systems Pension Funds, BT Pension Scheme, Lloyds TSB Group Pension Schemes, London Pension Fund ...
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Article
Vielife partners PMI intermediaries
Vielife has partnered with a range of large and mid-sized private medical insurance (PMI) intermediaries.The health and wellbeing provider has not yet released the names of the intermediaries yet, but will do so throughout 2013.The partnership will offer the intermediaries access to Vielife Online, a platform that mines health and ...
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DOD’s blog: this week in benefits
For two days this week the Employee Benefits gang have decamped to the luxurious surroundings of the Four Seasons Hotel in Hampshire – to a lifestyle to which we would love to become accustomed.We haven’t come alone. We have brought with us several dozen leading benefits and HR managers who ...
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For the love of benefits
Something for the weekend…Taking the time to show employees they are appreciated can do a lot for staff motivation, even if it is just a small gesture or a thank you.Valentine’s Day is the time of year when saying how you feel through gestures is at its most popular, so ...