Employee benefits

 

Our Employee Benefits Consulting team guide clients through the design, implementation and ongoing administration of benefit packages. We undertake projects to improve the way benefits are delivered, helping clients to minimise the risk of change and strengthen governance.

How we can help you

We assist both trustees and employers by providing advice on:

  • Employee benefit packages including flexible benefits and salary sacrifice
  • Governance, project management, administration strategy, procurement and operational effectiveness
  • Auto-enrolment and NEST
  • Risk Benefits Consulting

We also provide clients with interim or outsourced resource solutions, covering trustee secretarial and pensions manager services.

We use the LCP Online Governance System to support the delivery of these services.

Governance, change and effectiveness

We work with a diverse range of clients and service providers and have extensive knowledge of the benefits market and solutions available. We have extensive experience in managing projects with numerous stakeholders: providing the objective point of view you need. We assist both trustees and employers in meeting their objectives by providing advice on:

  • Benefit and delivery strategy
  • Flexible benefits and salary sacrifice
  • Communication
  • Procurement
  • Governance and risk management
  • Project management
  • Operational effectiveness and cost control

We work in conjunction with other LCP departments to provide holistic management, communication and governance solutions to clients. We are problem solvers. We act as the missing jigsaw piece and often become involved when clients do not understand the problems they face or how to resolve them.

Clients often need additional resource to assist in delivering key change objectives. We can help by providing:

  • Trustee Secretarial services
  • An outsourced pensions manager
  • Temporary resources

We use the LCP Online Governance System to support the delivery of these services.

Risk Benefits Consulting

Our specialist risk benefit consultants provide expert advice, insurance broking, and administration services in areas that include death in service benefits, disability benefits, and health and well being. We advise employers on all aspects of the management and design of "health and welfare" employee benefit programmes. Our advice is fully aligned to our clients' objectives and driven by our impartial, integrated and innovative approach.

  • Design and implementation of new arrangements including those to replace or supplement defined benefit pension structures
  • Audit of existing arrangements for appropriateness of existing benefit design, unexpected uninsured liability, and opportunities for more efficiency
  • Benefit design and insurance structures to avoid medical underwriting for higher earners
  • Assistance with claims and integration of absence management and health promotion

Other services that may interest you

Auto-Enrolment A-Z Guide

A practical guide to implementation

A-Z Guide
 

Related Link

LCP Online Governance System (LOGS)

Visit LOGS site
 

Client testimonial

“Having the LCP Online Governance System as a central repository in place provides a valuable business continuity and disaster recovery solution. Additionally, having all the documents securely accessible from anywhere online is a great help as the pensions team and Trustees are spread across the country. ”

Anna Maughan, Company Secretary and Pensions Manager
The Water Companies (Pension Fund)