Developing a package of employee benefits is a great way to reward and incentivise your staff. But it can be difficult to know where to start. We can work with you to identify how best to develop, review and deliver an effective employee benefits strategy, including pensions, healthcare, or employee protection solutions. We know that every business is different, so we’ll take the time to fully understand the issues specific to yours.
Once your employee benefits package is in place, our support doesn’t end. We provide long-term support with a proactive and personalised service, ensuring that the benefits you offer continue to be relevant, effective, and competitive. We can even devise a communications strategy, so your employees have all the information they need to fully understand what you’re providing.
Employee benefits review
Each year, we’ll work with you to review your company benefits — and can carry out a one-off employee benefits health-check at any time. It’s important to regularly review your employee benefits package to check it’s still in line with legislation, account for any new product innovation, and to ensure it remains aligned with your corporate culture. Reviews are also a great way to ensure costs remain competitive and that you’re providing the best benefits available.
Group Risk and Healthcare review
Ever changing employment laws, market regulations, taxation rules and employee expectations mean it’s vital to keep a close eye on the Group Risk and Healthcare schemes that you offer.
We can carry out regular reviews of your existing Group Risk and Healthcare arrangements, including schemes like Group Death in Service (Life Assurance), Group Income Protection, Group Critical Illness and Private Medical Insurance.
We can ensure the benefits remain compliant, current, and fit for purpose. We’ll also identify potential issues and provide recommendations.
Company pensions review
We can provide guidance and support to your business in all aspects of company pension schemes, including establishing new schemes, managing existing arrangements and auto-enrolment and all legislative issues.
Pensions are typically the most expensive employee benefit to provide — but staff are often not that engaged with them. We’ll work with you and your employees to help them obtain the maximum benefit from your pension arrangements, including engaging on their contribution and investment selection decisions.
To talk to us about developing an employee benefits package for your business, don’t hesitate to get in touch.
Financial advice is provided by Moore Kingston Smith Financial Advisers Limited, an appointed representative of Best Practice IFA Group Ltd which is authorised and regulated by the Financial Conduct Authority (FCA). The FCA does not regulate some forms of buy to lets, commercial mortgages, tax advice, wills, trusts or certain offshore investments.