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.

“I established my first personal pension with Corporate Benefits on starting a new job in 2014, having previously held a corporate pension.  Being fairly new to pensions, Corporate Benefits were extremely helpful in giving me enough information and advice to understand the tailored pension they recommended for me.  They have happily answered any questions I have had during the process, including helping me to understand clearly the breakdown of payments and investments.  With the pension recommended for me, I have been able to monitor the pension growth and personalised regular investment reviews made via a web portal which has been both interesting and rewarding.  At my first yearly review, earlier this year, I was pleasantly surprised by the growth over my first year and reassured that the regular monitoring of my pension strategy are benefiting me over the longer term.”
Dr Ewan Towie