Jelf launches employee benefits proposition
Employee benefits specialist Jelf Group has launched two retirement products, Alan Millward has announced.
The corporate benefits director at Jelf Employee Benefits, said the products, Jelf Money at Work, and Jelf Money after work, would offer a holistic approach looking after “the complete pension journey” from joining through to retirement and beyond, and engaging with employees to close the pensions gap by offering investment guidance, technical support, lifetime financial education and annual reviews.
The Jelf Money at Work product also includes a group personal pension arrangement provided by Scottish Widows, supported by a wealth of online collateral and interactive tools through the provider’s mymoneyworks portal.
Mr Millward said: “Employee engagement is the single most important factor for a pension to be successful. Even with auto enrolment coming it will be possible for an employee to opt out or not contribute enough to their pension. Employees must be given genuine support so they can understand the benefit of saving for their retirement. Jelf Money at Work is the foundation upon which we will build all our services.
“The new pension arrangement we have also launched is an excellent way to actively engage with employees so they can have all their questions answered in a way that makes sense to them. Being online means support is always accessible and this will complement the existing face-to-face activity that we already deliver successfully in the workplace. We believe this is the way forward for pensions, and we’re delighted to be ahead of the game. This is only the start and we will be making more announcements shortly about other exciting developments in our proposition.”
Lynn Graves, head of business development at Scottish Widows, said: “Being part of Jelf Employee Benefits’s new pension proposition will give us the opportunity to help boost employee awareness of their pension scheme benefits and encourage them to make the most out of their investments. This new proposition will provide employees with a lifetime of support and information so that they can make informed decisions about the choices they will face throughout the journey of saving for their retirement fund.”