Universal Music Group is looking to administer pensions auto-enrolment for employees using its existing flexible benefits scheme. Staff sign up for the company’s flexible benefits, including its pension, via a reward website developed in conjunction with Bluefin.
The music content company also plans to use the online reward system to manage auto-enrolment and adapt its communications strategy accordingly.
Andrea Giacomazzi, compensation and benefits director at Universal Music International, a division of Universal Music Group, says: “Now we feel comfortable that the changes are pretty much set, our first step is obviously
to look at the cost implications of contributing based on the definition of pensionable earnings used in the legislation compared to the definition we currently use.
“We will look to integrate auto-enrolment into our online reward hub and automate as much as possible.”
Other benefits provided by Universal through its flexible benefits scheme include: pension, private medical insurance, health screening, dental, gym discounts and bikes for work.
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