View more on these topics

Case study: administration — implementing a management log

Our client is a leading video game and publishing company best known for its console role-playing game franchises. The client provides a number of benefits, at varying levels and cost that attract a P11d liability. With the absence of a management log to track data for benefit movements, enormous administrative and therefore cost implications were occurring each year just to comply with P11d reporting requirements.

Accuracy, timeliness of data and audit tracking were just a few of a number of risks that were exposed due to the lack of the log. The number of employee queries generated by the issue of P11d statements was highlighted as an additional concern by Johnson Fleming.

Johnson Fleming implemented a management log to track all scheme activity, per employee, per benefit. All scheme activity is now reported by the client monthly and recorded by Johnson Fleming on the log, (Joiners, leavers, addition of family members and changes to levels of benefits). The current P11d benefit is calculated automatically as each change is applied.

While the initial set-up costs were high due to the manually intensive nature of the work required, these have been recouped in year one of operating the system as the P11d benefit, per employee was accurately supplied, with a full audit trail at the close of the tax year.

The results

  • Log provides annual quote and renewal data for all benefits without the need for client input
  • A full audit trail now exists
  • Employee P11d statement queries reduced to one
  • A one-stop shop for employer/employee/insurer queries


Freddie Findlater

Zurich recruits Platforum head of adviser platforms

Zurich has hired The Platforum’s head of adviser platforms Freddie Findlater as retail marketing communication manager. Findlater, who has been with the consultancy since 2008, will join the Zurich platform in October. He says: “It was a very difficult decision to leave such a fantastic business. Having spent six years at The Platforum, I’ve seen it transition […]


Direct Life launches life insurance comparison service

Direct Life has launched a new life insurance comparison service that includes the option to purchase cover immediately, with Aviva the first provider to partner up with the new offering. The “buy now” option allows users to compare life products from a variety of providers by using a standardised underwriting questionnaire, and then purchase a […]

Loney-Phil-Royal London-2013

Royal London scraps single-tie annuity deal with the Pru

Royal London has scrapped its single-tie annuity referral deal with the Prudential and introduced an open-architecture web portal allowing retirees to shop around with ten different providers.  Money Marketing revealed last week that Royal London was reviewing its commercial tie-up with the Pru in the wake of this year’s Budget. Royal London has not removed commission, however, […]


Govt steps up enforcement actions against CMCs

The Ministry of Justice has reported a sharp increase in the number of enforcement actions it has taken in the second quarter of the year, as it seeks to clamp down on claims management companies. A total of 25 investigations were started between April and June, compared with 35 in the entire year to March […]

Budget summary – March 2016

This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm