Employee Benefit Design

Your Company's ability to attract highly qualified and motivated staff will be enhanced by the offer of a carefully designed employee benefits package. Accordingly, it is important that the benefits package is designed to optimise the available budget. A full review will cover all existing benefit provision and all legacy arrangements including final salary and money purchase pension schemes, death benefits, critical illness cover, income protection and private medical insurance.

 

Scheme Installation

We will create a communication programme which will clearly inform employees about the new package. We will actively manage the flow of data from the company to their providers to make ensure the new arrangements run smoothly.

 

Employee Facing Advice

We will sit down with each of your employees and help them to establish a retirement savings plan which fits with their retirement objectives, attitude to investment risk and is affordable.

 

Ongoing Monitoring

Once the new arrangements have been established, it is important to continue to monitor progress annually to ensure that each person's goals are achieved. This will be a two way process with individuals being allowed to update their personal targets on a regular basis. Experience tells us that members value this hands-on service.

Frequently Asked Questions

The concept of a Workplace Pension Scheme was introduced by the Pensions Act 2008.  All employers in the UK are required to establish a Workplace Pension Scheme on their Staging Date.  On you Staging Date and each subsequent Pay Period you must carry out an Assessment of your employees.  The employer must deduct a contribution from the earnings of all their Eligible Employees and pay this to the scheme along with an employer contribution.   A process called Automatic enrolment.

Thanks to the team at Corporate Benefits for the very professional and straightforward resolution of my pension difficulties at retirement. Consolidating my four separate pensions into one and getting an enhanced annuity due to my health problems had given myself and my wife quite a few worries but not any more. Great communication , clear, upfront and concise advice from start to finish of this process has lifted a weight from both of us. Once again thank you . Murdo and Margaret Dolan, Glasgow