2012 uk benefits elements (1)

Bringing together important elements of your reward from J.P. Morgan

ContentsWelcome to ELEMENTS 3

How My Benefits Works 4

Elements at a Glance 5

My Money 6Pension 6

Life Assurance 7

Additional Life Assurance 7

Partner Life Assurance 8

Critical Illness 8

Personal Accident Insurance 9

Income Protection 9

Accidental Death and Dismemberment 10

My Health 11UK Healthcare Plan 11

Healthcare Plus 11

Health Screening 12

Partner Health Screening 12

Dental Insurance 13

GymFlex 13

J.P. Morgan Health Fitness and Wellbeing Centre 14

Wellness Works 15

Private GP 15

Practice Nurse 15

Physiotherapist 15

Flu Vaccination Programme 15

Incorpore 16

Sports Teams 16

Eye Care Vouchers 16

Bank Street 16

My Lifestyle 17Resturant Discount Card 17

Retail Vouchers 17

Childcare Vouchers 18

Bicycles 19

Travel Insurance 20

Discount and Concierge Service 21

Back-Up Childcare 21

Employee Assistance Programme 21

Frequently Asked Questions 22

Lifestyle Event Guide 24

Glossary 26

2

WELCOME TO ELEMENTS

3

Welcome to ELEMENTS, which brings together all of the elements of J.P. Morgans

UK benefits programme in one place and under one umbrella. ELEMENTS

consists of four sections: My Benefits, My Money, My Health and My Lifestyle

and this guide will provide you with a summary of the benefits available to

you. You should access the ELEMENTS website via My Rewards@Work for more

information about any of the benefits highlighted in this guide.

The My Benefits section of ELEMENTS is where you will make your flexible benefit selections. The other three sections include details about all of the benefits available to you, such as matching and additional pension contributions in My Money, details of J.P. Morgans Wellness programme in My Health and the Xexec discount service in My Lifestyle.

The Annual Enrolment Period for making your flexible benefit selections opens on Tuesday 21 February and closes at midnight on Friday 9 March. Benefits are then effective from 1 April. This is your opportunity to choose the benefits that best suit you and your individual circumstances for the year ahead.

When making your benefit selections, please remember that, in most cases, you are making a commitment until the end of the 2012/13 benefits year (31 March 2013). Unless you experience a qualifying Lifestyle Event, you will not be able to make changes to your benefit selections until the next annual enrolment period. Lifestyle Events include: getting married, having a baby and moving home. A full list of eligible Lifestyle Events are available on the ELEMENTS website and on pages 24 and 25 of this guide.

We would strongly recommend that even if you think you do not want to change your current benefit selections that you log on to the ELEMENTS website and access the My Benefits section to see what is available for the 2012/13 benefits year. Think about how you could combine the benefits on offer to better suit the needs of you and your family and to save you money.

This guide gives you an overview of the benefits available to you.

All benefits are subject to their applicable terms and conditions, and relevant policy documents, which are available on the ELEMENTS website. You are advised to read all the information available before selecting any benefits.

If you have any questions regarding your benefit selections, please contact 020 7235 0606, option 4, or email [email protected].

4HOW MY BENEFITS WORKS

When you access this section of ELEMENTS you will see both Core and Flex benefits listed.

Core benefits are provided to you as part of your overall reward package at J.P. Morgan. If you select Flex benefits you will pay for these via a monthly deduction from your pay over the course of the 2012/13 benefits year (with the exception of the discounted restaurant card which is deducted in full from your April salary). By paying in this way you will, in a number of cases, benefit from tax and/or National Insurance savings. The icons in the Key box opposite are shown next to the benefits where there are savings or actions.

The amount which you receive in your pay each month after making your flexible benefit choices is know as your flex salary. This will vary according to the benefits you select. The diagram below shows how it works:

New for 2012Restaurant Discount Card: this card entitles you to discounts at over 5,000 restaurants nationwide ranging from national chains to Michelin star restaurants. Discounts vary and can include 2 for 1 offers and 25% discount off the total bill. If selected as part of your flexible benefit choices, you will save more than 50% of the Recommended Retail Price of the card.

Your Reference Salary

Before After

Your Core and Extra benefits

Your Core and Extra benefits

You

r R

efer

ence

Sal

ary

The costs for each benefit option are shown on their respective pages.

The costs that are specific to your personal circumstances are given on the ELEMENTS website.

Your Flex salary

Your Flex benefits

You should also read the providers terms and conditions for each benefit. These are set out on individual benefit pages on the ELEMENTS web site.

5ELEMENTS AT A GLANCE

In this guide you will find a summary of the Core benefits that form part of your overall reward package at J.P. Morgan and the Flex and Extra benefits available to you, divided in to the following sections:

Core benefits offered to you by J.P. Morgan

Flex benefits you can choose through salary sacrifice

Extra benefits and resources available to you throughout the year

Key You save National

Insurance on the cost of this benefit.

You save UK income tax on the cost of this benefit.

You will need to complete an additional form(s) for this benefit; available through the ELEMENTS website.

If you want to cover your dependants then you need to make sure you have added their details and then allocated them to your chosen benefit.

From the My Money section

Pension Core & Flex page 6

Life Assurance Core & Flex page 7

Additional Life Assurance Flex page 7

Partner Life Assurance Flex page 8

Critical Illness Insurance Flex page 8

Personal Accident Insurance Flex page 9

Income Protection Core page 9

Accidental Death and Dismemberment (AD&D) Core page 10

From the My Health section

UK Healthcare plan Core page 11

Healthcare Plus Flex page 11

Health Screening Core & Flex page 12

Partner Health Screening Flex page 12

Dental Insurance Flex page 13

GymFlex Flex page 13

J.P. Morgan Health Fitness & Wellbeing Centre Flex page 14

Wellness Works programme Extra page 15

Onsite Medical Services Extra page 15

Flu Vaccination Programme Extra page 15

Incorpore Extra page 16

Eyecare Vouchers Extra page 16

Sports Team Extra page 16

From the My Lifestyle section

Restaurant Discount Card Flex page 17

Retail Vouchers Flex page 17

Childcare Vouchers Flex page 18

Bicycles Flex page 19

Travel Insurance Flex page 20

Discounts and Concierge Service Extra page 21

Back-up Childcare Extra page 21

Employee Assistance Programme (EAP) Extra page 21

MY MONEY

6

ELEMENTS >My Benefits > Pension

Helpdesk: 020 7325 0606, option 3 My Rewards@Work > My Pension

Forms to complete: Nomination of Beneficiaries form available via ELEMENTS > My Benefits > Pension

As part of your Core benefits, the Company pays contributions towards the J.P. Morgan UK Pension Plan on your behalf. In addition, you can make contributions which are matched by the Company and known as Employee Flex Matched Contributions.

The Plan is a non-contributory, defined contribution plan which means that the Company makes contributions to your pension on your behalf as part of your Core benefit entitlement. You can choose to make contributions matched by the Company up to 6%, known as Employee Flex Matched Contributions. You may also make additional contributions above 6% but these will not be matched by the Company.

Employee Flex Matched Contribution % of

pensionable salary

J.P. Morgans matching contribution % of

pensionable salary

1% 1%

2% 2%

3% 3%

4% 4%

5% 5%

6% 6%

Contributions are invested in your pension account which may grow over time, built up by further contributions and investment returns. When you retire you use your pension account to buy your choice of retirement benefits. In addition to a pension at retirement, you also receive a range of other benefits for you and your family, including:

Life assurance of four times your pensionable salary

Dependants pensions for your partner and children

A tax-free lump sum at retirement (within HM Revenue & Customs limits).

You must complete a Nomination of Beneficiaries form so that the Trustee knows your wishes in the event of your death. You can complete the Nomination of Beneficiaries form online via My Rewards@Work > My Pension > Review Beneficiaries. You should make sure you keep this up to date. (For information, if you select Additional Life Assurance you will also need to complete a separate Nomination of Beneficiaries form for that benefit as well.)

Please note that you can now start, stop or change matching or additional pension contributions once every three months during the 2012/13 benefits year.

Pension Core and Flex

Life Assurance Core

Additional Life Assurance Flex

7

ELEMENTS > My Benefits > Life Assurance

Helpdesk: 020 7325 0606, option 0

J.P. Morgan provides you with Life Assurance of up to four times your pensionable salary.

If you leave J.P. Morgan, your cover will cease on your last day of employment.

You will be notified if you need to provide medical evidence in respect of benefit above a certain level.

Based on the medical evidence, the insurer may restrict the benefit entitlement to a maximum amount or may impose exclusions.

ELEMENTS > My Benefits > Additional Life Assurance

Provider: Canada Life


Forms to complete: 1. Application form (download on ELEMENTS)

2. Nomination of Beneficiaries form * (download on ELEMENTS)

*You will not need to complete this form if you are keeping your current level of cover

In addition to your Core Life Assurance of four times your pensionable salary, you also have the option to purchase Additional Life Assurance.

Cover is available in multiples of 25,000 up to a maximum of 250,000. The level of cover you choose must not exceed four times your Reference Salary.

The insurer may require you to be medically underwritten. In these circumstances, the insurer will provide temporary restricted cover for a period of 120 days.

If you are keeping your current level of cover, you will not have to complete any new forms. However, if you are increasing your level of cover (up to a maximum of two units or 50,000), you will need to complete a new Application form.

The cost of this benefit is based on both your age and the number of units you select.

The policy is written under a discretionary trust which may mean that your beneficiaries are not subject to UK inheritance tax on the insurance payouts.

Partner Life Assurance Flex

Critical Illness Flex

MY MONEY

8

ELEMENTS > My Benefits > Partner Life Assurance

Provider: Canada Life


Forms to complete: 1. Application form (download on ELEMENTS)

2. Nomination of Beneficiaries Form, (download on ELEMENTS)

Partner Life Assurance provides a tax-free lump sum payment to your partners beneficiaries in the event of their death.

You can choose to cover your partner in units of 25,000 up to 250,000. However, the level of your partners cover must not exceed four times your Reference Salary.

The insurer may require your partner to be medically underwritten. In these circumstances, the insurer will provide temporary restricted cover for a period of 120 days.

If your partner is keeping their current level of cover, they will not have to complete any new forms. However, if they are increasing their level of cover (up to a maximum of two units or 50,000), they will need to complete a new Application form.

The cost of this benefit is based on your partners age and the number of units you select.

If both you and your partner are employees of J.P. Morgan, you will not be able to select Partner Life Assurance. Your partner must apply for their own Additional Life Assurance.

The policy is written under a discretionary trust which may mean that your partners beneficiaries are not subject to UK inheritance tax on the insurance payouts.

ELEMENTS > My Benefits > Critical Illness

Provider: Legal & General


Critical Illness Insurance pays out a lump sum if you are diagnosed as suffering from certain serious illnesses which are insured under this policy.

You can choose to cover: yourself, or you and your partner.

Cover is available in units of 25,000 up to a maximum of 350,000 or five times your Reference Salary (whichever is the lower).

Cover for your partner is available in units of 25,000 up to a maximum of 200,000. You cannot select a benefit for your partner that is higher than your own.

Your children are automatically covered from age 6 months up to age 18 provided they are unmarried. Benefits are based on 25% of your cover, subject to a maximum of 20,000.

Payment of any Critical Illness benefit will be subject to the survival of the person covered for a period of at least 14 days from diagnosis (or date of surgery).

Pre-existing conditions, and sometimes associated illnesses, are not covered under this policy.

Personal Accident Insurance Flex

Income Protection Core

9

ELEMENTS > My Benefits > Personal Accident Insurance

Provider: ACE European Group Limited

Helpdesk: 01293 726060

Personal Accident Insurance provides cash benefits in the event of accidental bodily injury resulting in permanent disability or death.

You can choose to cover: yourself, you and your partner, you and your children, or you and your family.

This cover is available in units of 25,000 up to a maximum of 250,000. Each unit provides an amount of cover for particular incidents with some conditions attracting a proportion of these amounts.

Childrens cover is restricted to 50% of adult cover and additional restrictions may apply. Specific definitions apply for partner and dependants for this benefit.

ELEMENTS > My Benefits > Income Protection


J.P. Morgan offers an Income Protection scheme which provides benefits to you should you be unable to work as a result of long-term sickness or injury, providing you have completed two years continuous service with the Company and you satisfy and comply with the requirements of the insurer under the terms of the policy.

If you have not been able to work your contractual hours as a result of sickness for 26 weeks, discretionary Company sick pay will end and your usual base salary will no longer be payable. At the discretion of the insurer you may be eligible to receive up to 65% of your Reference Salary until:

You return to work;

You no longer satisfy the medical definition for payment of benefit;

You reach age 65;

You leave service; or

Your death.

If you leave the Company, your cover will cease on your last day of employment.

You will be expected to give consent for the insurers to review medical information and, on request, undergo any medical examinations, both in respect of the provision of cover and in the event of a claim. You will be notified if you need to provide medical information and, based on the medical evidence, the insurer may restrict the level of benefit to a maximum amount each year and/or may impose exclusions for certain conditions.

If you do not provide the requested medical information, the insurer will restrict your benefit entitlement to their policy limit or any level that has been previously accepted for you specifically. Payments under the scheme are governed by the appropriate insurance policies and take State benefits into account.

The maximum salary insured for the purposes of Income Protection is 275,000.

Accidental Death and Dismemberment Core

MY MONEY

10


J.P. Morgan provides you with Accidental Death and Dismemberment (AD&D) cover of/equal to two times your Reference Salary.

Cover provides you with a lump sum payment if you die or suffer a permanent disability such as loss of a limb, loss of sight, loss of speech or loss of hearing, or total permanent disablement as a result of an accident.

Other permanent injuries are also covered and will attract a proportion of the total benefit. The amount of the payment will be dependent on the severity of the injury.

There are exclusions under this policy which will affect the payment of this benefit.

UK Healthcare Plan Core

Healthcare Plus Flex

MY HEALTH

11

ELEMENTS > My Benefits > UK Healthcare Plan

Provider: AXA PPP Healthcare

Helpdesk: 0800 132 594

The Company pays the cost of your Private Healthcare cover (including cover for eligible dependants). However, you pay income tax on the value of the benefit which is deducted from your salary through payroll.

A benefit limitation (excess) of 100 is payable for each person claiming under the plan during any rolling 12-month period.


Cover under this benefit includes out-patient, day-patient and in-patient.

Pre-existing conditions are covered subject to plan rules.

Conditions deemed to be chronic are not covered.

You must pre-authorise all treatment by contacting AXA PPP.

ELEMENTS > My Benefits > Healthcare Plus

Provider: Allianz Worldwide Care

Helpdesk: +353 1 630 1301 [email protected]

The cost you pay for this benefit will be offset by the value of your standard Core cover, however you pay income tax on the full value of this benefit and this is deducted from your salary through payroll.

You receive Private Healthcare cover as part of your Core benefits. However, you can choose to opt out of this Core cover and, for an extra cost, upgrade to the Healthcare Plus Medical Scheme, which provides additional cover both in the UK and worldwide for you and your family.


This benefit covers you for acute and chronic conditions, private GP fees, prescription drugs, routine maternity care, nursing at home and rehabilitation treatment with treatment available worldwide, subject to the plan rules.

Pre-existing medical conditions are covered.

You must obtain pre-authorisation for treatment from Allianz Worldwide Care.

12

Health Screening Core and Flex

Partner Health Screening Flex

ELEMENTS > My Benefits > Partner Health Screening

Provider: Nuffield Health

Helpdesk: 0845 230 2040 www.proactiveextranet.com Username and Password: jpmorganvi

Designed for the early detection and prevention of health problems, these sessions provide an in-depth and personal profile of your partners health, fitness and general wellbeing.

If you choose to purchase a Health Screening for your partner, you have the choice of three health screening options Lifestyle, 360 and 360+.

If your partner is over age 40 and you select a 360 or 360+ Health Screening, you can also opt to pay for a mammogram. The partner health screens available do contain some tests that are tailored to gender.

MY HEALTH

ELEMENTS > My Benefits > Health Screening


Helpdesk: 0845 230 2040 www.proactiveextranet.com Username and Password: jpmorganvi

Designed for the early detection and prevention of health problems, these sessions provide an in-depth and personal profile of your health, fitness and general wellbeing.

To book your Health Screening, you must contact Nuffield on 0845 230 2040

There are three levels of Health Screening available: Lifestyle, 360 and 360+

As a Core benefit you are entitled to the following:

Age Health screen

39 or under * Bi-annual Company funded Lifestyle Screening

40 and 49 * Bi annual Company funded 360 Screening (including mammogram for females)

50 or over Annual Company funded 360+ screening (including either an exercise ECG or mammogram)

* If you are aged 49 or under and would like a health screening in the year in which you are not eligible for a Company paid health screen, you can purchase a Health Screening through flex and you will not pay income tax or National Insurance on the cost.

The Health Screening assessments available do contain some tests that are tailored to gender and age. For example, mammograms are not considered clinically necessary for those under the age of 40.

If you do not take a Health Screening in this Benefit Year, you will automatically be opted in for a Health Screen in the 2013 Benefit Year.

Dental Insurance Flex

GymFlex Flex

13

ELEMENTS > My Benefits > Dental Insurance

Provider: Denplan Ltd

Helpdesk: 0800 838 951 www.denplan.co.uk

Forms to complete: Claim form (download on ELEMENTS)You must complete a claim form for each claim submitted

Denplan offers you five flexible dental plans that suit your dental needs and allow you to visit the dentist of your choice, whether a Denplan, private or NHS dentist.


If you choose Essential or Extensive Dental Cover levels, for yourself or your partner, you will receive free Key Dental Cover for your children.

Dental Insurance will cater for occasions when you may experience a dental accident or emergency, as well as the provision of your regular dental care.

The cover excludes certain services, including treatment that is already underway or prescribed when first joining the plan, and there is a waiting period for oral cancer cover and implant cover.

Dental implant insurance is included at no extra cost.

ELEMENTS > My Benefits > GymFlex

Provider: GymFlex

Helpdesk: 0845 300 6474 www.gymflex.co.uk

GymFlex offers you a discount on gym membership for thousands of private and public sector clubs around the UK, including: LA Fitness, Fitness First, Nuffield and Virgin Active.

If you chose this benefit last year, and wish to continue with your gym membership, you must reselect it.

You will be able to view participating clubs in your area by going on to the GymFlex website. Once you have chosen a gym you will receive an email from GymFlex which will confirm your selection and provide your personal identification to be presented at your health club.

You will need to manually enter the annual gym membership cost in to the My Benefits section of ELEMENTS.

J.P. Morgan pay your 12 month membership and you repay J.P. Morgan in 12 equal instalments. You are unable to cancel this arrangement even if you leave the Company during the Benefit Year and so any outstanding balance will be deducted from your final pay.

If you are an existing member at a participating health club part way through a fixed contract, provided you are currently paying by direct debit, it may be possible to swap over immediately to the GymFlex rate. Please check the GymFlex website for more details or speak to the membership department at your club.

Membership options vary and may include peak and off-peak rates or reciprocal arrangements that allow you to use multiple health clubs within the chain.

If you are scheduled to move offices this year (e.g. to Bank Street), we recommend that you only select a gym membership that will give you access to a gym in both your current and new locations.

If the club you wish to join is not available, please contact GymFlex and they will make every effort to agree a rate.

14

J.P. Morgan Health Fitness and Wellbeing Centre

Flex

ELEMENTS > My Benefits > J.P. Morgan Health Fitness and Wellbeing Centre


Helpdesk: 020 7325 9090 www.proactiveextranet.com username and password: jpmorgan

The onsite gym is located on the basement level of 10 Aldermanbury and is operated by Nuffield Health.

The new Health Fitness and Wellbeing Centre at Bank Street will open on the 19 March 2012.

Memberships will typically be for 12 months unless you are eligible to join during the benefits year i.e. new joiners or those moving to Bank Street (treated as a Lifestyle Event), in which case your membership will be until the end of the 2012 Benefit Year.

If the Aldermanbury gym closes during the 2012 Benefit Year, then membership will cease from the date of closure.

If you selected this benefit last year, your membership will automatically renew unless you deselect it during the Annual Enrolment Period.

Membership of either the current Aldermanbury gym or the new centre at Bank Street is available to employees only.

Members will also be able to select an upgrade (Top Up) to a Nuffield Health connections membership which allows access to all other gyms in the Nuffield Health Network.

In the event that the gym membership capacity is oversubscribed, a waiting list will be operated.

MY HEALTH

Extra Benefits

15

Wellness Works

ELEMENTS > My Health > Wellness Works

Helpdesk: 020 7325 0606, option 0 email wellness works emea

The Wellness Works programme aims to help you and your family establish and maintain a healthy lifestyle. There are regular Wellness Works roadshows and webinars throughout the year on various health and wellbeing topics. Details of the Wellness Works calendar of events can be found on the ELEMENTS website.

Onsite Medical Services

Private GP

ELEMENTS > My Health > Private GP

Provider: Nuffield

Located at: Medical Suite, Lower Ground Floor, Aldermanbury

To book an appointment contact: 8325 9092, option 1

This service is available to all employees and consultants, and is provided at a discounted rate, currently 45 per 15 minutes.

Practice Nurse

ELEMENTS > My Health > Practice Nurse

Located at: Medical Suite, Lower Ground Floor, Aldermanbury

To book an appointment contact: 8325 9092, option 1

The Practice Nurse can be accessed as a point of reference for general health information and provides services such as basic health checks including cholesterol checking, business travel vaccinations and referrals for physiotherapy.

This service is available to all employees and consultants and is provided at a discounted rate.

Physiotherapist

ELEMENTS > My Health > Onsite Physiotherapy

Provider: Nuffield (London) BWT Physiotherapy (Bournemouth)

Located at: J.P. Morgan Fitness and Lifestyle Centre, Basement, Aldermanbury (London) The Atrium (Bournemouth)

To Book an appointment contact: 8325 9092, option 2 (London) 8731 4976 (Bournemouth)

This service is available to all employees and consultants and is provided at a discounted rate.

Flu Vaccination Programme

ELEMENTS > My Health > Flu Vaccination Programme

Helpline: email wellness works emea

On an annual basis, J.P. Morgan provides you with the opportunity to have a free flu jab in all UK locations. Details of the programme and booking instructions are usually available in the fourth quarter of every year. In the meantime, if you require any further information, please contact 020 7325 0606, option 0.

16

Incorpore

ELEMENTS > My Health > Incorpore

Provider: Incorpore

Helpdesk: www.incorpore.co.uk

This benefit is provided by Incorpore who are part of the same group that provide us with GymFlex. It gives employees who either didnt select GymFlex during our Flexible Benefits enrolment, or who join the firm during the year, the opportunity to take advantage of gym discounts until GymFlex is available to them again next year.

Unlike GymFlex, which is provided via salary sacrifice, you just need to log on to www.incorpore.co.uk (using JPMC as the reference), enter your full postcode, decide on a gym and then print off a discount voucher. You then hand in the voucher at the gym and set up a direct debit.

Alternatively call the Incorpore helpdesk on 0845 6024 601 quoting reference JPMC and they will be able to advise on participating clubs in your area.

MY HEALTH

Sports Teams

ELEMENTS > My Health > Sports Teams

Helpline: email JPMorgan Sports Committee

There are a number of sports teams in both London and Bournemouth including Football, Rugby, Hockey, Netball, Running and Sailing. Teams compete in recognised leagues and many have regular practice sessions.

For further information, please e-mail the J.P. Morgan Sports Committee and include in the email subject the name of the sport which you are interested in.

Eye Care Vouchers

ELEMENTS > My Health > Eye Care Voucher

To request a voucher go to the intranet: JPM Homepage > HR & Personal > UK Eye Care Vouchers

The Eye Care Voucher scheme entitles JPMorgan permanent employees to a sight test voucher every twelve months, plus one spectacles voucher, subject to conditions.

Bank StreetThe new onsite J.P. Morgan Health Fitness and Wellbeing centre on the 7th Floor at 25 Bank Street will open on 19 March 2012.

This will include onsite GP, practise nurse and Physiotherapist and a new physiologist service. The focus of the Physiologist service will be one-to-one coaching sessions to develop personalised programmes to help motivate lifestyle and behavioural change, highlighting health concerns, for example, weight management, poor

sleep patterns and posture. The service will also provide a referral service for relevant health concerns, including a Weight Management service which will offer a specialised bespoke 9 month programme to help you to optimise your diet and lifestyle to maximise your health, and achieve your weight loss goals.

For more information about the services email [email protected] or call the gym team on 020 7325 9090.

17

Restaurant Discount Card Flex

Retail Vouchers Flex

ELEMENTS > My Benefits > Restaurant Discount Card

Provider: Gourmet Card

Helpdesk: www.gourmetsociety.co.uk

This card entitles you to discounts at over 5,000 restaurants nationwide ranging from national chains to Michelin star restaurants. Discounts vary and can include 2 for 1 offers and 25% discount off the total bill. If selected as part of your flexible benefit choices, you will save more than 50% of the Recommended Retail Price of the card.

To view participating restaurants, please visit www.gourmetsociety.co.uk

Annual subscription to the Gourmet Society usually costs 69.95 but, if selected, you will pay 27.95.

Full payment for the Gourmet card will be taken from your April pay and therefore is not deducted over the 12 month Benefit Year.

If selected, you will receive a membership card and booklet highlighting all of the restaurants covered and the offers available.

Advanced bookings may be required at some restaurants. Restrictions may apply and individual restaurant discounts may vary. Gourmet Society offers not available in conjunction with any other promotion or offer.

ELEMENTS > My Benefits > Retail Vouchers

Provider: vouchers4me by Grass Roots Group

Helpdesk: 0870 609 0156 www.vouchers4me.co.uk

Retail Vouchers give you discounts on the cost of vouchers from a range of high street retailers, including Amazon, ASDA, Boots, Debenhams, Gap, House of Fraser, John Lewis/Waitrose, Marks & Spencer, Sainsburys, Virgin Atlantic and WHSmith. A full list of the participating stores can be found on the ELEMENTS website. Please note that this list may change from time to time.

You decide on a fixed monthly deduction from your salary. A minimum value of 100 is required to be purchased each month.

Once you have then set up a vouchers4me account you can: Set up a standing order for the same balance and

vouchers to be sent to you on a monthly basis. Build up a balance in your account and, for example,

spend in one lump sum. Change the monthly amount of vouchers you receive

(between 100 - 1500 per month) and choose from a different selection of stores each month.

Voucher orders can be split across any of the different retailers included in the scheme or you can choose to receive vouchers from the same store.

The amount of vouchers you receive will vary according to the level of discount you receive for each store and the cost of postage which will be deducted at the time of ordering for example;

You select 200 of Sainsburys vouchers, there is a 4% saving on these vouchers and you receive 208 of vouchers to spend in the store, less postage.

Any remaining amount after discount and distribution costs will be retained in your individual voucher account to be used for future purchases.

The vouchers are not dated and can be used in conjunction with any discounts applied by the store. You may also use loyalty cards, for example, Sainburys nectar cards, when you pay for your items with the vouchers.

An administration fee and applicable postage costs will be deducted at the time of ordering. This will vary by value but starts at 1.80.

MY LIFESTYLE

18

MY LIFESTYLE

Childcare Vouchers Flex

Tax and National InsuranceThe amount of relief from tax and National Insurance depends on when you joined the scheme.

If you joined the scheme on or before 5 April 2011, you can select tax efficient childcare vouchers of up to a current maximum of 243 per month and you will receive marginal rate tax relief regardless of your tax rate.

If you joined the scheme from 6 April 2011, you can select up to 243 per month but the level of tax saving you can make is based on your marginal tax rate.

The current limits are outlined below.

Taxpayer Maximum voucher amount per month

Level of tax saving based on your marginal tax rate

Basic rate taxpayer (20%)

243 per month 55 per week (max 243 per month)

Higher rate taxpayer (40%)


Additional rate taxpayer (50%)


ELEMENTS > My Benefits > Childcare Vouchers

Provider: care-4 by Grass Roots Group

Helpdesk: 0844 800 1444 www.care-4.co.uk

Childcare Vouchers are an ideal way of meeting some of your childcare costs in a tax efficient way. On selecting this benefit, you will be given access to the electronic care-4 childcare voucher scheme, enabling you to make payments directly to your childcare provider through an individual care-4 account set up in your name.

Vouchers are available online and you select a monthly voucher amount which will be credited to your care-4 account, up to a current maximum of 243 per month (2,916 per year) for the 2012/2013 tax year.

You set up your childcare provider in your care4 account.

Your childcare provider must be registered or approved; registered childminders, nurseries and after school clubs, and you will need to add their contact details and account details to your care4 account.

The care4 website provides more information as to what types of childcare are considered to be registered or approved. The website also explains what you need to do if your current childcare provider is not approved for these purposes.

Once you have registered your childcare providers details, and your first payroll deduction has been credited to your care4 account, you then just need to agree a date for payment to be made to your carers bank account.

To authorise payment to your carers bank account, visit www.care-4.co.uk or telephone 0844 800 1444. If you make regular payments to your carer, you can set up scheduled payments to be made on a monthly basis when you join the scheme.

You must be the parent, or step parent, of the child in order to purchase childcare vouchers and receive the tax savings.

If you receive tax credits, your entitlement may be affected by selecting childcare vouchers and we would recommend that you consult your local tax office for guidance.

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ELEMENTS > My Benefits > Bicycles

Provider: Cyclescheme

Helpdesk: www.cyclescheme.co.uk

Forms to complete: Hire Agreement (download at ELEMENTS)

In order to receive your voucher you must sign and return the Hire Agreement by 16 March 2012

You have access to a Cycle to Work scheme offering a tax-efficient way of leasing a bicycle.

You pay the monthly lease cost of the bicycle over a 12 month period, free of Income tax and National Insurance, although you will continue to have use of the bicycle for the full 36 months.

There are tax advantages for taking up this benefit. To qualify, at least 50% of the use of the bicycle must relate to travel to and from work (or for work purposes). However, you do not need to keep mileage records.

Visit your local partner shop to choose your bicycle and any safety equipment you require. You will be given a paper quote for your chosen bicycle and equipment. You can locate your nearest partner shop at www.cyclescheme.co.uk using the search facility.

Choose the amount from 100 to 1,000 that is closest to the paper quote you were given in the shop from the amount displayed. This amount must be equal to, or more than, the actual cost of the bicycle and any associated equipment (including safety helmets, lights and reflective clothing).

You then need to complete a Hire Agreement and send to Grassroots. Upon receipt of your Hire Agreement, Grassroots will release the voucher to you. The deadline for Grassroots to receive your Hire Agreement is the 16 March 2012. If they do not receive your Hire Agreement by this date, the benefit will be deselected from your Enrolment form.

You will be sent a voucher for your chosen amount after the Open Enrolment period has ended and you will be able to redeem your voucher in your local partner shop and you may be asked to provide photographic ID when collecting your bicycle and associated equipment.

At the end of the lease period you may be able to buy the bicycle at its fair market value at that time.

If you have joined J.P. Morgan mid-way through the year, you can only select this benefit at the next Annual Enrolment Period for the 2013 Benefit Year.

Your voucher must be exchanged for a bicycle and any related safety equipment at your local partner shop within four months of receipt.

If you select this benefit, you will need to arrange your own insurance but you must advise the insurer that J.P. Morgan has an interest.

Cyclescheme have partnered with Cycleguard to provide cyclists with an insurance policy which covers amongst other things, the theft of a bicycle, accidental damage, personal accident and public liability. The policy offers the option for coverage in the UK and overseas and you may cover up to 3 bicycles under the policy. To obtain a quotation go to www.cycleguard.co.uk/cs.

Bicycles Flex

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MY LIFESTYLE

Travel Insurance Flex

ELEMENTS > My Benefits > Travel Insurance

Provider: Crispin Speers & Partners

Helpdesk: 020 7977 9380 [email protected]

This benefit provides travel insurance for personal holidays overseas and pre-booked accommodation in the UK. Business travel is not covered under this policy.


Your partner and your children are also covered whilst travelling independently.

Winter sports cover is also available.

There is no limit to the number of trips you make, provided each trip lasts no longer than 60 days.

You can choose European or Worldwide cover and you can choose to include winter sports.

You have access to a 24 hour emergency medical assistance Helpdesk on 01992 444 377.

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Discounts and concierge service

ELEMENTS > My Benefits > Xexec

Provider: Xexec

Helpdesk: 0845 230 9393 www.jpmorgan.xexec.com

You have access to an online lifestyle management and discount service, provided by Xexec, throughout the year. The website highlights hundreds of discounts and access to a wide range of services.

You can discuss you requirements by contacting the helpdesk on 0845 230 93932 and you can email: [email protected]

DiscountsThe categories of discounts available include:

Automotive Days out Financial and Professional Gifts Home and Garden Shopping Sporting Events and Entertainment Sport, Health and Beauty Travel

The range of services available include:

Cleaners Emergency Plumbers Handyman Interior Design Key Holding

You can access Xexec from work or from home and purchases can be made online or over the telephone.

Disclaimer: Please note that J.P. Morgan does not endorse, support or favour any supplier, service or product available to you through the Xexec website.

Back-Up Childcare

ELEMENTS > My Benefits > Back-up Childcare

Provider: Bright Horizons

Helpdesk: 0800 247 1101 www.brighthorizons.com/advantage (username: JPMorgan / password: backup).

You have access to Bright Horizons Family Solutions, a national network of nurseries and play schemes, providing back-up childcare to help cover those days when usual childcare arrangements are unavailable.

The back-up childcare programme runs from July to June each year. The first 10 days are free and you will pay a co-payment for the second 10 days in each programme year.

You will need to register online for the programme. You will then be able to make reservations up to four weeks in advance of the childcare needed. Once you are registered and wish to make a reservation you will need to contact Bright Horizons free phone on 0800 247 1101.

This scheme provides back-up childcare and is not designed to be used as the primary source of childcare

Employee Assistance Programme

ELEMENTS > My Benefits > Employee Assistance Programme

Provider: PPC

Helpline: 0800 141 2839 www.ppconline.info (username and password are jpmuk)

You, and your family members, have access to an employee assistance and work-life service for employees and their family members through PPC Worldwide. It is free, confidential and available 24/7.

EAP offer a range of services including, emotional health, Legal and financial information and maternity coaching. Further information can be obtained by calling the freephone number or by accessing the EAP website.

Extra Benefits

22

FREQUENTLY ASKED QUESTIONSWhat happens if I do not make selections during Annual Enrolment?With the exception of additional and matching pension contributions (which you can now change once every three months) you can only make changes to your Flex benefits during Annual Enrolment (21 February 2012 to 9 March 2012), unless you experience a qualifying Lifestyle Event.

Lifestyle Events include: birth of a child, marriage, moving home and returning from maternity leave. You will find the Lifestyle Event guide on the ELEMENTS website in the Information tab and on pages 24 and 25 of this guide.

What happens if I join the Company after the Annual Enrolment Period?If you join J.P. Morgan outside of the Annual Enrolment Period, you will be sent an email from the benefit administrator (Vebnet) within your first couple of weeks inviting you to make your selections for the remainder of the Benefit Year. If you make any selections, you will be notified when your benefits will be effective from. If you do not make any selections, you will receive your Core benefits only.

Please note that the Bicycle scheme and GymFlex can only be selected during the Annual Enrolment Period.

How do I make changes to my flex benefits if I experience a Lifestyle Event?You need to contact 020 7325 O6O6, option 4, within one month of the Lifestyle Event happening. Let the call handler know that you have had a Lifestyle event and that you would like them to open your Enrolment Form. For a full list of Lifestyle Events, and the changes you can make, please see the Lifestyle Event guide, which can be found on the ELEMENTS website in the Information tab and on pages 24 and 25 of this guide.

How do I make changes to my Flex pension contributions outside of the Enrolment Period?You are able to make changes to your Flex matched and additional pension contributions outside of Enrolment on a quarterly basis. To make a change you simply need to contact 020 7325 0606, option 4 and request that your Enrolment Form is opened for you to make a change to your Flex pension contributions. Once SUBMITTED, the change will take place from the next available Payroll.

What happens during a period of unpaid leave?For periods of unpaid leave the following Flex benefits will cease from the date you went onto unpaid leave: pension contributions, Personal Accident, Travel Insurance and Dental Insurance, Retail Vouches and Childcare Vouchers and the onsite gym.

The following benefits will continue (the cost will accumulate and will be deducted as soon as you start to receive pay again): Critical Illness, Health Screening, Life Assurance, Partner Life Assurance and GymFlex.

If you have Healthcare Plus (Allianz), at the point you went onto unpaid leave, this benefit will cease and you will automatically be transferred onto the UK Healthcare Plan (AXA).

All Core benefits remain in place during any periods of unpaid leave, these are; pension, Accidental Death & Dismemberment (AD&D), Income Protection, UK healthcare Plan (AXA) and Health Screening.

During Statutory and Unpaid Maternity Leave the Flex benefits you have (at the point you went onto maternity leave) will continue, with the exception of retail vouchers which will cease.

When you return to work from unpaid leave, you will be able to make changes to your benefits. Please refer to the Lifestyle Event guide, on the ELEMENTS website in the Information tab, and on pages 24 and 25 of this guide.

What if I leave the Company?If you leave the Company, your Core benefits will cease on your termination date and your Flex benefits will cease on the last day of the month in which you leave. The outstanding balance of any benefits that you have selected will be deducted from your salary on leaving the Company. Payroll will contact you directly regarding repayment if there is a residual balance.

Do Flex benefits affect my employment contract?Yes, your selections form an amendment to your contract for the forthcoming Benefit Year.

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What is Salary Sacrifice?If you select Flex benefits, these benefits are deducted from your Gross Salary and you are effectively agreeing to sacrifice part of your salary in exchange for the benefit.

In the majority of cases, you will save on tax and /or National Insurance if you select benefits through My Benefits. For each benefit there is an icon showing where there are tax and / or NI savings.

There are some situations where a Salary Sacrifice arrangement will have an impact on certain State benefits such as Child Tax Credits, or on employees whose earnings are close to the Lower Earnings Limit. You should refer to the Childcare Vouchers page on the website and you should also check with your local tax office.

As a result of participating in a Salary Sacrifice arrangement, you effectively pay less National Insurance contributions. With effect from 6 April 2012, employees will be contracted into the State Second Pension (S2P). Therefore, if you earn less than 40, 040 your S2P pension could be affected by any Salary Sacrifices you elect. As an example, if you earn below 40,040, for a 100 reduction in gross earnings you would lose approximately 20p a year in State pension. That is based on an S2P accrual of 10% at that band of earnings divided by 49. The 20p would be revalued by an inflationary factor up to State Pension Age. If your earnings drop below 14,400 but above 5,304 the accrual rate is 40%.

Your Reference Salary will be used to determine pensionable salary which is then used to calculate pension contributions. Therefore, a Salary Sacrifice arrangement will not affect the amount J.P. Morgan contributes towards your pension.

Generally, earnings would need to fall below the Lower Earnings Limit (LEL) in order to negatively affect your entitlement to State benefits. The LEL is 107 per week for the 2012/13 tax year.

How are the benefit costs calculated?The costs are set by the benefit providers and may, depending on the benefit, take into account a number of factors including your salary, age and medical circumstances amongst others.

What if the Company make changes to the Benefits?For each Benefit Year, the Company reviews the options available and as a result the Company reserve the right to:

Change the benefits, options and costs offered;

Amend or withdraw benefits;

Change benefit providers;

Exclude you from selecting a benefit if the provider refuses to provide that benefit to you and/or your dependant;

Require you to abide by the providers rules and requirements for the provision of benefits once you have selected a benefit

Discontinue any benefit should the take up be particularly low, or alter the rates of discounts offered, if applicable.

In the event of the plan terminating, or as a result of your participation in the plan ending for whatever reason, the Company will, where applicable, provide you with the Core benefit offering and your take-home pay will be adjusted accordingly.

Who do I contact if I have any questions?For general questions please contact 020 7325 0606, option 4 or you can email [email protected].

To speak directly to a provider, the provider contacts can be found on the ELEMENTS homepage and in the Information tab.

Should you wish to provide feedback, please email [email protected].

24

LIFESTYLE EVENT GUIDEMarriage, Partnership, Co-habiting, Divorce, Separation or Death

Pregnancy, Going on maternity leave, Birth of child, Adoption

Returning from maternity or extended leave

Significant change in salary/hours (25% increase/decrease)

Pension changes Significant change to your partners personal circumstances (i.e. redundancy)

Moving home Moving office location

Absent from work for at least 6 months

Matching/ Additional Pension Contributions

Yes start/stop, increase or decrease

Yes stop or decrease contributions



Start at any time. Increase or decrease contributions once every 3 months



No Yes decrease or stop contributions

Additional Life Assurance Yes start/stop, increase or decrease

No Yes start/stop, increase or decrease

No N/A Yes start/stop, increase or decrease

No No Yes decrease or stop cover

Critical Illness Yes start/stop, increase or decrease

No Yes start or increase cover only



Personal Accident Yes start/stop, increase or decrease




Travel Insurance Yes change who is covered only

Yes only able to add name of new child to cover

Yes only able to add names to cover

No N/A Yes start/stop cover

No No No

UK Healthcare Plan Yes add or delete who is covered




No No No

Healthcare Plus Yes add or delete who is covered



No N/A Yes stop cover only

No No No

Health Screening No No No No N/A No No No No

Dental Insurance Yes change who is covered only

Yes change who is covered only



No No Yes decrease or stop

Childcare Vouchers Yes start/stop, increase or decrease

Yes decrease or stop



N/A Yes start/stop, increase or decrease


Retail Vouchers Yes start/stop, increase or decrease



No N/A Yes decrease or stop


Bicycles No No No No N/A No No No No

J.P. Morgan Health Fitness & Wellbeing Centre

No Yes you can stop membership

Yes you can join Yes you can stop membership

N/A No No Yes start or stop membership

Yes you can stop membership

GymFlex No No No No N/A No No No No

Restaurant Discount Card

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Marriage, Partnership, Co-habiting, Divorce, Separation or Death

Pregnancy, Going on maternity leave, Birth of child, Adoption

Returning from maternity or extended leave

Significant change in salary/hours (25% increase/decrease)

Pension changes Significant change to your partners personal circumstances (i.e. redundancy)

Moving home Moving office location

Absent from work for at least 6 months

Matching/ Additional Pension Contributions


Yes stop or decrease contributions



Start at any time. Increase or decrease contributions once every 3 months



No Yes decrease or stop contributions

Additional Life Assurance Yes start/stop, increase or decrease

No Yes start/stop, increase or decrease



Critical Illness Yes start/stop, increase or decrease




Personal Accident Yes start/stop, increase or decrease




Travel Insurance Yes change who is covered only




No No No

UK Healthcare Plan Yes add or delete who is covered




No No No

Healthcare Plus Yes add or delete who is covered



No N/A Yes stop cover only

No No No

Health Screening No No No No N/A No No No No

Dental Insurance Yes change who is covered only





Childcare Vouchers Yes start/stop, increase or decrease




N/A Yes start/stop, increase or decrease


Retail Vouchers Yes start/stop, increase or decrease



No N/A Yes decrease or stop


Bicycles No No No No N/A No No No No

J.P. Morgan Health Fitness & Wellbeing Centre

No Yes you can stop membership

Yes you can join Yes you can stop membership

N/A No No Yes start or stop membership

Yes you can stop membership

GymFlex No No No No N/A No No No No

Restaurant Discount Card

26

GLOSSARYAnnual Enrolment PeriodThis is the time during which you make your benefit selections. The Annual Enrolment Period takes place in February/March each year (if you joined J.P. Morgan after the Annual Enrolment Period closed then you would have been advised separately of your Enrolment Period and therefore the deadline you need to submit your benefits by). With the exception of Pensions, you can only change your benefit selections outside of the Annual Enrolment Period if you experience a qualifying Lifestyle Event. If you join during the Benefit Year, you will be unable to select bicycles, Gourmet Card and GymFlex, which are limited to the Annual Enrolment Period.

Benefit YearThis is the period during which your benefit selections are effective. The Benefit Year runs from 1 April to 31 March. With the exception of flex pension contributions (which you can change once every three months), you can only change your selections during the Benefit Year if you experience a qualifying Lifestyle Event.

ChildGenerally, this means your dependants over whom you and/or your partner are parents or legal guardians. For certain benefits, further provisions may apply, including age limits up to which children can be covered. If your child reaches an age limit then this may qualify as a Lifestyle Event.

Civil PartnerThis means your Civil Partner from your current registered Civil Partnership.

The CompanyJ.P. Morgan

Flexible BenefitsThese are the benefits you select in the My Benefits section of the ELEMENTS website. Flexible Benefits are highlighted to you as flex.

Flex SalaryWhilst your Reference Salary will not change because of your Flexible benefit selections, the amount you receive in your pay each month will change. This is known as your Flex Salary. Changing your benefit selections as a result of a qualifying Lifestyle Event may cause your Flex Salary to change.

Lifestyle EventThis is a significant change in your personal or family circumstances that may allow you to change some of your benefit selections.

PartnerYour current spouse, Civil Partner or partner with whom you are co-habiting and with whom you are financially inter-dependent and with whom you are living together in a similar relationship as husband, wife or Civil Partner. For certain benefits, further provisions may apply. Changing your partnership status (for example co-habiting, getting married or divorced) may qualify as a Lifestyle Event.

Reference SalaryThis is the annual salary currently notified to you in your contract or pay review letter. It will not change as a result of your benefit selections and will continue to be used to calculate items such as life assurance cover and pension contributions.

Salary SacrificeThis means that you agree to give up part of your salary in return for an employee benefit. As a result, you can make National Insurance contribution savings as well as benefit from certain income tax advantages. The income tax treatment varies from benefit to benefit and you should refer to each individual benefit description on the ELEMENTS website for more details on how each benefit is treated.

COVERCONTENTSWELCOME TO ELEMENTS HOW MY BENEFITS WORKSELEMENTS AT A GLANCEMY MONEYPensionLife Assurance Additional Life Assurance Partner Life AssuranceCritical Illness Personal Accident Insurance Income Protection Accidental Death and Dismemberment

MY HEALTHUK Healthcare Plan Healthcare Plus Health Screening Partner Health Screening Dental Insurance GymFlexJ.P. Morgan Health Fitness and Wellbeing Centre Wellness Works Private GP Practice Nurse (London)Flu Vaccinations

MY LIFESTYLERestaurant Discount CardRetail VouchersChildcare Vouchers BicyclesTravel Insurance Discounts and concierge serviceBack Up ChildcareEmployee Assistance Programme IncorporeSports TeamsEye Care VouchersBank Street

FREQUENTLY ASKED QUESTIONSLIFESTYLE GUIDEGLOSSARY

2012 uk benefits elements (1)

Documents

benefits available

elements of

benefits section of

benefits year

elements website

morgans uk benefits

important elements

lifestyle event guide