Pensions  

Benefit consultants get no benefits: research

The poll of UK workers found that 35 per cent of EBCs are not eligible for any employee benefits in addition to a company pension scheme.

Roughly 33 per cent of those surveyed are offered employee benefits, as well as a company pension, but almost third of all consultants – 31 per cent – surveyed by MetLife are sole traders or self-employed and do not have access to employee benefits.

Tom Gaynor, employee benefits sales director of MetLife UK, said: “There is general acceptance that a well-designed employee benefits package increases staff loyalty and helps retain talented employees.

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“The ongoing introduction of auto-enrolment is acting as a trigger for companies of all sizes to review employee benefits in line with pension provision and is proving to be positive for the market as a whole.”

Adviser view

Jason Witcombe, chartered financial planner for Evolve Financial Planning in London, said: “However much I agree that a good benefits package increases loyalty, so does a higher salary. The best packages are tailored to individual staff members.”