Scottish Life extends 'works4you' package
Thursday, 17 May 2007
Scottish Life, the pensions specialist arm of the Royal London Group, has launched a new range of Human Resources (HR) policy and procedure templates, suitable for small and medium-sized companies.
The new templates, which form part of Scottish Life's award winning employee benefits administration system, works4you, are a package of seven pre-prepared policies and procedures covering issues such as equal opportunities and health and safety. Available through IFAs, they will be supplied free of charge to new Retirement Solutions schemes that subscribe to works4you. In addition, they will be offered to existing works4you holders on a controlled roll out.
Mark Polson, Head of Corporate Business at Scottish Life, commented:
"It is a legal requirement to have certain HR policies and procedures in place, but many small and medium-sized businesses do not have the time or resources to develop and maintain these policies and procedures. By offering compliant, up-to-date policies and procedures, we hope to help protect employers from potential legal action on account of non-compliant policies and to save them time that could be better spent on building their businesses.
"There are many companies which already provide HR services, but we have not been able to find evidence of any pensions company offering anything similar to this HR policy and procedures template service, especially free of charge. As the templates are available through IFAs, they can decide exactly what information is useful and relevant to their clients, giving them a real opportunity to add value to their customers. This is a further example of Scottish Life's commitment to supporting IFAs."
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For further information please contact:
Scottish Life
Barbara Playfair, Communications Executive
0131 456 7298
Polhill Communications
Jenette Perry or Loreen Addy
020 7655 0530
Editor's Notes:
Scottish Life was founded in 1881 in Edinburgh as a proprietary company, becoming a mutual company in 1968.
On 1 July 2001, Scottish Life demutualised and transferred its business to The Royal London Mutual Insurance Society Limited. Scottish Life is a division of Royal London and is the specialist pension business within the Group, providing individual and group pensions to the market via intermediaries.
Scottish Life and Royal London's other intermediary businesses are based in Edinburgh where 1200 staff employed, with 195 working in other parts of the UK and overseas.
Royal London Group is a specialist financial service provider. Its businesses focus on those sectors of the market which value premium propositions, operating through a number of brands:
- Scottish Life – UK pensions market
- Bright Grey – UK protection market
- Scottish Life International – offshore investment markets
- RLAM – fund management
Royal London is one of the stronger life and pension companies in the UK and has a particularly strong track record for with profits performance.
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £31.5 billion. Group businesses serve around three million customers and employ 2,610 people. (Figures quoted are as at 31 March 2007)