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B&CE Workplace Pension Employee Employee Accident Cover Benefits Employee Life Cover Employee Healthcare Holiday Pay at-a-glance Scheme Dedicated to the personal and financial wellbeing of everyone in construction B&CE Product overview Employee Benefits B&CE’s employee benefits plan is a comprehensive, flexible and cost-effective way to provide your employees with valuable financial protection. Dedication and Security B&CE has been championing the provision of affordable financial Stakeholder Employee benefits for the construction industry and its workers for more Pension Accident Cover than six decades. And we remain as dedicated to the personal and financial wellbeing of everyone What is it? What is it? in construction as we were over EasyBuild, is the construction Employee Accident Cover 65 years ago. industry’s leading workplace provides a tax-free lump sum Today we are responsible for pension and one of the largest to your employee if they suffer over £1.7 billion of employee and Group Stakeholder Pension a qualifying injury at work or industry funds, prudently managed Schemes in the UK1. whilst travelling to or from work. by skilled investment managers. All employees not just operatives Why provide it? are eligible to join, making Why provide employee Even the most cautious working EasyBuild the right solution for benefits? your entire workforce. practices cannot prevent accidents entirely. Providing an employee benefits plan, which is regarded as best Why provide it? B&CE’s accident cover takes care of your employees’ immediate financial practice throughout the industry, From October 2012, every employer worries following a qualifying injury, shows existing and potential will be required to provide a workplace which may result in them having employees that you take their pensions scheme, make minimum months off work or being unable to welfare seriously. B&CE’s contributions and automatically enrol return to work. employee benefits plan provides employees into it. EasyBuild already meets these obligations making • Pays out a tax-free lump sum for many advantages for automatic-enrolment simple. qualifying injuries. your company: • Wide range of accidents covered. • helps attract quality employees Currently, as an employer you are required to provide your employees • Cover applicable to accidents • helps retain quality employees with access to a stakeholder pension, whilst travelling to and from work unless you qualify for exemption. as well as at work. • enhances your reputation This requirement will be superseded • Claims can be made for multiple upon the introduction of automatic- injuries up to the maximum • improves productivity enrolment. Further details are in our payout. Guide to Pensions Reform brochure • protects your most valuable and information on EasyBuild can be • All employees 16 and over asset – your workforce. found in our EasyBuild brochure. can be covered. Using the National Insurance • Hassle-free, simple and flexible • Immediate cover. holiday pay concession, available administration • Simple claims procedure. to eligible operatives in the • Suitable for all employees • Low cost benefit. construction industry until October 2012, you can offset the cost of • Simple fund choice Full terms and conditions available on request. providing a stakeholder pension, accident cover and life cover. • Fair and cost-effective charging This can make B&CE’s employee structure benefits incredibly cost effective. • Designed specifically for construction industry • Requirements in line with the industry’s Working Rule Agreement 1 EasyBuild is the Construction Industry Joint Council pension scheme of choice. With over 500,000 members, it is the largest pension scheme in the construction industry. It is not available to Isle of Man employees. 6,400 employers 209,000 We are a not-for-profit organisation, so our profit trust us with their employee employees are protected benefits the industry, not financial benefits provision. by our schemes. shareholders. Employee Employee Holiday Life Cover Healthcare Pay Scheme What is it? What is it? What is it? Employee Life Cover provides Employee Healthcare from B&CE B&CE operates a centralised a tax-free lump sum to provides cash benefits towards holiday pay scheme on behalf an employee’s nominated routine healthcare plus access of the construction industry. beneficiaries if they die for any to diagnostic scanning and an The scheme is approved by reason whilst in active service. employee assistance programme HM Revenue & Customs and There is also an element of from just £1 per employee allows employers to save the cover in cases where death was per week. National Insurance on holiday preceded by certain periods of pay provided to their operatives. unemployment or continuous ill Why provide it? To qualify for the exemption, health up to the state retirement operatives must be ‘personally In the construction industry, the age. The maximum sums payable average cost of absence per employee engaged’ in eligible construction double* if the employee dies as is £582 per year with employees operations. a result of an accident at work or taking on average nearly six days sick travelling to or from work. each year1. Why participate? Why provide it? The Health and Safety Executive estimates that over 2.4 million The B&CE holiday pay scheme ensures you and your eligible Life cover is a valuable component working days are lost each year due operatives benefit from the National of any complete benefits plan. It’s to illness and injury2. Insurance concession currently reassuring for your staff to know that allowed on their holiday pay. This • A corporate paid plan for their nominated beneficiaries will be concession is being withdrawn in companies with five or more supported at a very difficult time. October 2012, so it’s important to employees. maximise your savings before that • Pays out a discretionary tax-free • A comprehensive but flexible date. lump sum on death to nominated healthcare product relevant to beneficiaries. The money made available by not construction employers and their having to pay National Insurance • Maximum payable sum doubles families provided by Westfield currently at 12.8%s can offset the if accidental death occurs at work Health and offered by B&CE. provision of your employee benefits or travelling to or from work. • Covers your employees’ plan. • All employees 16 and over can pre-existing medical conditions. • Exempts you from National be covered. • Provides 100% reimbursement up Insurance on your eligible • Cover starts immediately when the to set limits for routine healthcare. operatives’ holiday pay. employee joins the scheme. • Employees can choose to upgrade • Offset these savings against the • Claims can be made up to a year the level of cover you provide or cost of other benefits. after death. cover their partner at their own • Scheme approved by expense (different premiums • Low cost benefit. HM Revenue & Customs until apply). October 2012. • You can also increase the levels of 1 CIPD Absence management report 2010. life cover for different categories 2 www.hse.gov.uk/statistics/lfs/0809/wdlind.htm. • Industry-wide scheme. of your employees.* • Eligible operatives also save at *See the EAC/ELC Technical Guide for more currently 11% s s on National details. Insurance payments for holiday pay. s 13.8% from 6 April 2011 s s 12% from 6 April 2011 Since 1942, B&CE has provided financial welfare benefits to those working within the construction industry and their dependants. Today it manages assets of over £1.7 billion and provides financial benefits to more than 209,000 operatives on behalf of over 6,400 construction employers. B&CE’s current product offering includes a workplace pension, employee accident cover, employee life cover, employee healthcare and holiday pay. B&CE’s workplace pension EasyBuild is a Group Stakeholder Pensions Scheme. Designed for the construction industry it is the largest in the UK with over 500,000 members and £670 million under management. The above information is correct as at end December 2010. for more information: tel 08457 414142 or 01293 586790 email email@example.com web www.bandce.co.uk To help improve our service, we may record your call. Building & Civil Engineering Holidays Scheme Management Ltd Manor Royal, Crawley West Sussex, RH10 9QP www.bandce.co.uk 1609/0111 Building & Civil Engineering Holidays Scheme Management Limited is an appointed representative of B&CE Insurance Limited, which provides the stakeholder pension and is authorised and regulated by the Financial Services Authority. Employee Healthcare from B&CE is offered by B&CE Financial Services Ltd, and provided by Westfield Contributory Health Scheme Ltd, which are authorised and regulated by the Financial Services Authority.
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