Staff have reviewed the value of their Employee Benefits due to Covid-19. Have you, as an Employer reviewed what you offer your Employees?
According to recent research1, 46% of employees say that the Covid 19 (Coronavirus) pandemic has made them review the value of the benefits their employer offers when deciding to stay with or join a new employer. The research also found that 33% of employees want their employer to prioritise health over lifestyle benefits. In addition, […]
Let’s talk
One of the (many) things I love about my job is the variety of opinions that I canvass when speaking with existing and potential new employers. It is clear from conversations that I have with employers from different industries, locations, and who have varying employee demographics that there is no ‘one size fits all’ approach […]
Aligning employee benefits with business objectives
There is something very satisfying about setting out objectives, and never more so than when setting out objectives for your business. The next step is to make sure that every aspect of running your business is aligned with those objectives. And that includes reward and remuneration packages: one of the biggest costs for any business, […]
Increasing transparency in pensions’ information
You know you have a problem when the Minister for Pensions and Financial Inclusion, Guy Opperman says: ‘For too long pensions have been shrouded in complexity and technical jargon, limiting people’s understanding of their savings and hampering their retirement planning.’ To be fair, I completely agree with him and make him absolutely correct! Historically pension […]
Group Life Assurance – Registered vs Excepted
Group Life Assurance benefits will pay a lump sum benefit upon death of an insured employee. However, what many people overlook is that traditionally Group Life schemes are written under registered pension scheme legislation and as such, there are instances where an individual can invalidate their pension protection by joining such a scheme. The Lifetime […]
Double award recognition for Wingate Benefit Solutions
We are delighted to announce that Wingate Benefit Solutions have been recognised as shortlisted finalists in two categories at the 2020 Health Insurance and Protection awards. Wingate received this accolade in the highly contested categories of ‘Best Adviser for Group Protection’ and ‘Best Adviser for Group Healthcare’. These awards are our industry’s ultimate accolade and […]
The age at which you can access a private pension may increase from 55 to 57
What seems like a lifetime ago, in 2014 the government announced that it was planning to increase the age at which someone can access their private pension (including their workplace pension) to age 57 from age 55. This is due to be implemented in 2028. Although things have been quiet on this topic since 2014, […]
Five things HR professionals can do to maximise staff engagement with employee benefits
You’re satisfied with the employee benefits you have in place and are comfortable with the associated costs. But are you confident your employees fully understand the benefits which are available to them? If you have invested time and money into developing your benefits package, it is vital that you have an effective communication strategy in […]
Should I transfer my pension?
One of the most common questions that we get asked as advisers is, Can I transfer my old Pension into my current Workplace one? We find the initial motivation behind wanting to transfer pensions into one arrangement is usually to keep their affairs in good order with everything under ‘one roof’. However, for some people, […]
Group Income Protection – An important benefit for all age groups
You’d be forgiven for assuming that income protection is a benefit people need later in life when age-related illnesses and conditions become more common. However, this really is a benefit which should also be valued by younger members of your workforce. More and more people in their 30s are making claims for Income Protection benefits. […]
