Workplace Benefits

Whether you have one employee or several hundred, a well thought out workplace benefits package is vital for a number of reasons:

  • Keeping you and your employees happy, motivated and well placed for retirement
  • Helping you comply with your legal obligations such as Workplace Savings and Auto enrolment
  • Ensuring you achieve value for money by making your employees aware of the benefits you fund.

We offer employee benefits packages tailored to the needs of any employer regardless of size or budget. We cover group pensions, group life assurance, group income protection and group private medical care.

Our service for employers

Through our corporate service we focus on building long-term relationships. This way we can create and develop employee benefits packages that meet the changing needs of employees and company budgets. We will also act as your in-house benefits department liaising closely with Human Resources, Finance and Payroll.

Auto enrolment

With the introduction of auto enrolment, it is vital that all employers revisit their existing arrangements to ensure they comply with the legal obligations arising.

At Davy Private Clients UK we are able to guide you through the process to ensure that not only do you meet your legal obligations but you put in place arrangements which both you and your employees value.

Davy Private Clients UK are here to assist you through the process, from identifying your staging date to the implementation and on-going management of your qualifying workplace savings scheme.

In order to achieve a good outcome, it is important to consider the following factors:

  • Scheme design, so that it integrates with your payroll and accounting systems
  • Eligibility of employees and identifying which employees fall into the various categories
  • Communication strategy for providing the relevant documentation to employees and The Pensions Regulator
  • Joining process
  • Cost of both contributions plus implementation

Further details of your employer duties can be obtained at www.thepensionsregulator.gov.uk

Standard Life have provided a video guide to pensions reform:

http://www.workbenefitszone.com/html/Corporate/pension_reform/PensionReformJourney.html

The Pensions Regulator have provided some useful documentation.  Click on the links below for:

Our service for your employees

We run regular pensions clinics for staff covering:

  • The benefits and their value
  • Planning for the future
  • Preparing for life after work
  • Maximising tax efficiencies.