Employee Benefits
& Group Schemes

Having an effective benefits and remuneration strategy that is clearly communicated and appreciated by your employees can really help you to retain and recruit high-calibre employees.

At KWM we will take the time to fully understand your business and how a cost-effective strategy will dovetail with your business plans before making a recommendation. We will provide you with advice from a range of products which include providers carefully selected from a strict due diligence process and then monitored by St. James’s Place.

This advice can focus on any of the following topics:

Online total reward statements – helping your employees to understand and appreciate the cost of the benefits you provide*

Flexible benefits – allowing employees to create a benefits package that meets their own individual needs enabling you to respond flexibly to the varying benefits requirements of potential recruits*

Group pension plans for your colleagues and employees – an attractive recruitment tool as well as a justifiable business expense, as well as allowing you to be compliant with Auto Enrolment*

Salary sacrifice arrangements – facilitating employee access to tax-efficient benefits whilst at the same time reducing employers’ National Insurance costs

Private medical insurance – ensuring your employees’ health and wellbeing and reducing their absence from work waiting for medical treatment*

Furthermore, Group Life, Income Protection and Critical Illness policies are important benefits that not only form a key part of a comprehensive employee benefits package but also enable you to manage your business more effectively.

Having the correct insurances in place and making sure that they are regularly reviewed and updated as your business changes can be a particularly onerous task.

KWM can make this clear and simple for your business, ensuring that you are adequately protected in any eventuality.

Financial Education & Wellbeing

Personal financial uncertainty can be a major source of stress for individuals.

More than a third (~40%) of UK Employees reported that financial concerns were their biggest worry¹, and over two fifths admitted to having lost sleep over money worries².

Not only does this kind of stress adversely impact their mental health; it also affects their performance. Businesses depend on their people for success – so the wellbeing of your workforce is essential.

As part of our UK-wide Workplace Financial Wellbeing Programme, we collaborate with organisations like yours to support the financial wellbeing of your biggest asset – your people.

We help them better understand their own financial circumstances and empower them to make more informed money decisions, wherever they are in their lives and careers. Our relatable workshops, delivered by a team of qualified KWM experts, will be invaluable for just about anyone.

So, why not make an investment in the future growth and success of your business – by first investing in a programme that nurtures the financial and mental wellbeing of your workforce?

The levels and bases of taxation and reliefs from taxation can change at any time. Tax relief is dependent on individual circumstances.

The value of investments will be directly linked to the performance of selected funds and these can fall as well as rise. You may get back less than the amount initially invested.

* Please note that some of the products in this space are separate and distinct to those offered by KWM Wealth and St. James’s Place. Auto Enrolment schemes are not regulated by the Financial Conduct Authority.

¹Wagestream, The State of Financial Wellbeing, 2022

²Close Brothers, Changing trends of financial wellbeing, 2020

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