Parsonage Blog

“Research can shed light on issues we didn’t even know existed, and can raise questions we hadn’t realised needed asking”.

Terry Freedman

60 per cent of employees say they'd feel more motivated and more likely to recommend their organisation as a good place to work if their employer took action to support mental wellbeing.*

It is great to offer benefits and perks to your staff to demonstrate your appreciation of the effort they put in to make the business a success.

Many clients are interested in starting to offer staff benefits to their employees. This has been driven by Auto Enrolment (Workplace Pension) as employers are engaging with staff about a new benefit they are being introduced to. Invariably, when we first meet a client, they have the desire to do something but they are unsure what to offer, what their staff would value, and what will be good value.

An important component of running a successful small business is keeping good employees happy and providing them with enough incentive stick with you, and to maximise their productivity.

Now Tax Returns are done and dusted, you can focus on auto-enrolment. Whether you’re a small local café with a team of five, or a family run business with a team of 45, you will be legally obliged to offer your employees a workplace pension.

Relevant Life Cover is life insurance for key individuals within a business, most commonly the directors.

In the way that it is common for the staff members of a large company to have death in service (that being life cover that benefits the family of an employee if they were to die whilst employed), directors of a business can take out a policy for themselves.

Two things to consider:

1. What is death in service (DIS)?

2. Why provide it for your staff?

With the enrolment for 2016 now largely complete we start to look forward to 2017, ‘The Big One’.

Why do we call it ‘The Big one’?

A petition has been launched to ban cold-calling to sell pensions and investments, with 2,997 signatures already on it at the time of writing. Once 10,000 signatures have been reached the government will respond to the petition and at 100,000 signatures it will be considered for debate in Parliament.

Automatic enrolment is a government scheme intended to help more people save for their retirement using a pension scheme where they work. Previously, many employees have missed out on pension benefits, either because they didn’t apply to join the scheme run by their company or because their employer didn’t offer a pension.