Our consultants are able to assist you in reviewing and implementing all of your employment benefits from arranging standalone group death in service benefits to giving guidance on everything to do with the new ‘Workplace Pensions’ regulations.
We are able to offer advice in all of the following areas:
Group Death In Service Benefit
An annually review-able contract designed to provide life cover for a group of qualifying employees whilst in active service. Usually the level of cover is defined as a multiple of salary or a fixed amount. It is possible to have different levels of benefit arranged for different groups of employees.
Group Health & Medical Insurance
This can involve a variety of different types of provision from basic plans providing money off day to day health needs such as a trip to the dentist, to plans providing extensive provision covering major private surgery and care costs.
It could also involve arranging insurance to provide employees with a sum of money should they be diagnosed with a specified critical illness or provide provision to replace an employee’s lost earnings if unable to work for a given length of time.
The options available are endless and the market is flooded with a vast variety of insurance products all having their own unique terms and conditions.
If you have not already complied with the new Workplace Pension regulations you may legally soon have to do so and time is running out comply. Failing to meet the deadlines imposed by these regulations could result in your business being fined.
You may already have a scheme in place which upon review could be adapted to meet the new requirements or you may need to start from scratch involving the need to make changes to your payroll systems and train / employ staff.
The sooner you start planning the better as leaving it too late may be costly.
Our consultants are ideally placed to work with you to help design your scheme around the requirements of your business.