It's often the case that bigger companies recruit and retain their staff by offering additional benefits such as private medical or dental cover.
Historically smaller enterprises were excluded from offering benefits to their staff because they didn't meet eligibility criteria (i.e. staff numbers were below 20 or so) or they simply didn't have the time & expertise to research the market.
Professional advisers such as accountants understandably take the view that it is outside their remit to discuss staff benefits and they may also be too busy to consider referring their clients to an independent financial adviser.
With the advent of Workplace Pensions and the legal requirement to automatically enrol staff into such a scheme views are starting to change.
Indeed a number of well known providers of staff benefits have realised that many small businesses become big businesses and it is in their interest to allow access to low cost plans which can be tailored to fit and instigated with the minimum of time, expertise and fuss using modern 'click and buy' technology.
So now businesses with staffing levels of 2 or more can set up their own tailored scheme to include: life assurance, critical illness cover, private medical insurance or hospital cash plans, dental cover and income protection all without onerous medical information requirements. All, importantly, in one place on-line and totally controlled by the business itself.
Surely this has to be a good thing for those businesses and their staff.
Drop me a line if you'd like to know more.
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