Employee Benefits

Non Pension Benefits

Employer-2Whilst we at Jigsaw believe a pension is pivotal to all benefits packages, non pension benefits can be equally well received by employees. Please see our product library on the right hand side for full product details on typical non pension benefits such as group death in service, group income protection insurance and group private medical insurance.

Jigsaw can provide advice on the full range of non pension benefit services, they are too numerous to list all our services here but please click Read More below for a summary of the more common benefits. We are happy to review any existing benefits and re-broke or re-quote if required. Equally we can advise on implementation of new schemes and as independent financial advisers we will select the most appropriate product from the whole of the market place.

Flexible Benefits

The most expensive benefit is an unappreciated benefit. With an increasingly diverse and demanding workforce, selecting the correct benefits for you employees can be hard. So why not let them choose themselves? One employee may have no need for life cover, another may want full medical cover for their family. Why implement benefits for someone who doesn’t need, and therefore doesn’t appreciate them?

Flexible Benefits is the name given to a system allowing each employee to select the benefits that that are of most relevance to them from a menu. These choices can change, usually once a year, as the individuals circumstance, age and demographic also change.

The Chartered Institute of Personnel and Development found that while Flexible Benefits (Flex) are still predominantly the preserve of companies with more than 5000 employees, new systems and technology has brought Flex to the SME sector.

Good organisation and management of “who wants what” is essential and we have close working relations with both an independent company who offer online solutions, and also large insurance companies who can offer in-house flexible benefit administration systems to compliment their group pension offering.

As with all benefits, consultation and education are vital, but if done correctly, flexible benefits can be extremely cost-effective.

For a free, no obligation consultation and review of your existing benefits strategy, or to talk with us about implementing a new one, please call us on 02380 004444 to see how we can help.

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