In today’s climate, it is more important than ever to have accessible healthcare services. Research shows that 75% of business owners admit that they continue working when they are ill. (source: AIG’s health and wellbeing survey)
Retaining your valued workforce is important. One way employers can help maintain a healthy and happy workforce is by providing staff with easily accessible free health and wellbeing advice.
As an employer, are you aware that a Death in Service Scheme not only provides a cash lump sum to a deceased employee’s loved ones, but it can also provide your employees with a range of well-being services free of charge?
An example of the additional services you could expect to receive are:
Bereavement Support:
This service provides employees and their family 24/7 access to a completely confidential bereavement helpline and face to face counselling sessions if required.
Probate Helpline:
This service provides access to a telephone helpline and can help employees and their families understand the process for obtaining probate, as well as providing legal, financial and tax guidance resulting from a death.
24/7 UK based GP service:
This service provides round the clock access to UK registered GPs who can help to provide support with medical concerns, prescriptions and specialist referrals.
Second Opinion:
This service provides access to experts to obtain a second opinion on a medical condition. They are able to assess a diagnosis and provide alternative recommendations for treatment.
Mental Health support:
This service provides access to mental health specialists who can offer personalised care.
Health Check:
This service provides a personalised report to help employees improve their health and nutrition.
Fitness & Nutrition Plans:
This service offers a personalised 4- or 8-week programme, designed by sport coaches and nutrition experts.
How we can help
Menzies Employee Benefits specialises in providing advice to employers on a range of group protection products to enhance their employee benefit packages. We have a wealth of experience in assisting businesses of all sizes.
As each business is unique, so are the programmes we put in place. We are able to review existing arrangements, if you have any, and ensure that they remain appropriate. We can discuss with you what you would like to do for your employees in the future and put together a recommendation tailored to your requirements.
Furthermore, schemes can be established on a ‘registered’ or ‘excepted’ scheme basis whereby registered schemes are written under a trust registered with HMRC and excepted schemes are written under a discretionary trust. The different trust structures are subject to different taxation rules.
If you would like to hear more about how we can add value for you and your employees, contact a member of our Employee Benefits team who will be happy to show you how we can help.
The information provided is for general information only and is not intended to address the particular requirements of an individual or business. It does not constitute any form of advice or recommendation by Menzies Employee Benefits or Menzies Wealth Management Ltd and should not be relied upon by individuals in either making or refraining from making any financial decisions. Where necessary, you should seek appropriate professional advice before acting on any of the information provided.
Menzies Employee Benefits is an appointed representative of Menzies Wealth Management, which is authorised and regulated by the Financial Conduct Authority, firm reference number 486548. Registered in England and Wales, under company number 08973336. Our registered address is 4th Floor, 95 Gresham Street, London, EC2V 7AB.
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