Employee Benefits

A comprehensive range of group-based solutions for employers looking to provide a package of benefits for their employees.

Type

Offer

Help

Many employers wish to provide their employees with a range of benefits as part of the overall employment package. This is driven by employers wishing to show how they value their workforce, such benefit schemes can also be useful for recruitment and staff retention.

What types of schemes are available?

The typical range of schemes available in the marketplace include: -

  • Group Pension Plan & Workplace Pensions
  • Group Life Assurance (death-in-service) Plans
  • Group Critical Illness Cover
  • Group Income Protection (PHI)
  • Group Private Medical Insurance (PMI)
  • Group Dental Care Plan
  • Key-Person Insurance
  • Shareholder Protection
  • Relevant Life Insurance

Does an employer have to offer such schemes?

All employers will have to offer access to a suitable workplace pension arrangement by April 2017 for existing firms or February 2018 for new employers. These requirements have started to be phased in from October 2012.

For further information on your obligations, please visit The Pension Regulator.

There is no legal requirement for an employer to provide any other specific employee benefit schemes.

How can CPS help?

We are able to guide you through all the available employee benefit solutions available in the marketplace and enable you to construct a suitable competitively priced package for your employees most appropriate to your business needs.

We are also able to provide you with guidance and support in meeting your Pension auto-enrolment requirements.

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