MANCHESTER, England, June 16, 2010 /PRNewswire/ -- The umbrella company sector isn't exactly a thrill-a-minute industry; contract worker solutions and tax legislation is what it is but one UK umbrella company are looking to change all that through an exclusive VIP Club packed with benefits for all members, including a new discretionary pension scheme.
The scheme includes special terms negotiated for all employees who want to save in the most tax-efficient way possible for their future. Unlike similar initiatives from other companies, the new Pulse Umbrella Discretionary Managed Group Pension Scheme is managed by 'Discretionary Investment Managers' which means managers can move money around quickly to take advantage of market conditions or to move to safer assets in times of market turmoil.
This active management of money is very different from a basic Stakeholder Pension Plan where your money is usually placed in a single 'benchmarked' fund where the manager has very limited scope to vary asset allocation.
Pulse have also just announced their new Apple Childcare Vouchers initiative, which offers contractors an easy, flexible and efficient childcare voucher scheme, exempt from tax and National Insurance contributions for the first GBP55 per week or GBP243 per month, leading to considerable savings. If you're a parent, this could ultimately save you up to GBP1,196 per annum on your childcare costs.
"At Pulse we strive to provide 'platinum' service to all of our customers," said Chris Futcher, Managing Director of Pulse. "Each product or benefit we offer must be best of breed and offer real and competitive value to the consumer. The Pulse Money discretionary investment pension fund is a compelling option for long term investment, without the requirement for a large lump sum to make it worthwhile. Our customers are able to consolidate several pension plans into one manageable scheme that can be actively managed using Discretionary Managed Portfolio Service (DMPS) combined with Dynamic Asset Allocation strategy, whilst still achieving diversification between the main asset classes and numerous investment houses."
"In short, this is simply one of the most competitive pension options around today, and exclusively available to Pulse customers at a fraction of the usual investment requirement needed to access a product of this calibre," Chris added. "We are extremely excited to add this option to our ever growing portfolio of exclusive benefits available to Pulse customers."
Yet the new pension and childcare schemes are merely the tip of the iceberg when it comes to what the company has to offer. An endless list of personal benefits helps set Pulse Umbrella apart from the rest; centred around their unique VIP club, Your Pulse, contractors are also rewarded with a range of exciting treats and discounts including tickets to events and concerts, weekend breaks, adventure experiences savings on flights and holidays, dining discounts at bars and restaurants and much more.
Unlike many companies, Pulse Umbrella employees are not charged a joining fee and, should employees choose to leave Pulse for any reason, there are no exit penalties and no minimum term. In other words, the employment service alone is what keeps Pulse going and there are no unwelcome, hidden charges at any stage of the process.
And of course, Pulse remain fully compliant with HMRC legislation and work with to ensure that employees are repaid for your legitimate business expenses.
If you're interested in finding out more about Pulse and their benefits visit http://www.pulseumbrella.com
Contact: Katy Chilton, Marketing Manager at Pulse Umbrella Ltd, firstname.lastname@example.org, +44(0)161-929-2948
SOURCE Pulse Umbrella