Corporate Adviser
  • Content Hubs
  • Magazine
  • Alerts
  • Events
  • Video
    • Master Trust Conference 2024 videos
  • Research & Guides
  • About
  • Contact
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG
No Result
View All Result
Corporate Adviser
No Result
View All Result

First Actuarial launches employee benefits package for SMEs

by Emma Simon
March 18, 2025
Share on FacebookShare on TwitterShare on LinkedInShare on Pinterest

First Actuarial has partnered with Legal & General to offer a new employee benefits package for smaller employers.

The package offers benefits including life assurance and income protection within the typical budget available to businesses that employ up to 30 staff. First Actuarial said that in some cases benefits could be provided for 1 per cent of salary costs. 

The launch is First Actuarial’s latest move into the broader arena of employee benefits, as it seeks to widen its two decades of experience as a pensions consultancy. 

The firm’s team of employee benefit consultants now offer group protection brokerage services to businesses of all sizes.

First Actuarial co-head of employee benefits David Parfett says: “SMEs often find themselves priced out of the employee benefit market. It’s hard for them to compete for job seekers against larger employers and their shiny benefit platforms. 

“But without recruiting and retaining skilled people, they can’t grow their businesses.For a modest cost, this new group protection package provides life assurance and income protection for smaller employees. It includes features which are usually unavailable with smaller policies. First Actuarial can also arrange critical illness protection as an add-on policy.”

He adds: “The cost can be as little as 1 per cent of salary costs, making it an affordable employee benefit with additional wellbeing services included. The package also gives employers a higher free cover level – at which cover can be provided without the need for medical underwriting – than would typically be available if they applied directly to an insurer.”

VIDEO FROM ROYAL LONDON


Find out more about how to support the switching of a workplace pension

Corporate Adviser Special Report

REQUEST YOUR COPY

Most Popular

  • HMRC research raises spectre of Budget cuts to salary sacrifice

  • NatWest Cushon spells out path to £25bn

  • Isio appoints Secondsight MD as client experience director

  • Govt gives green light on bulk transfers to ‘mega funds’ as part of widespread pension reforms

  • Consultants escape regulation but providers face new disclosure hurdles: Pension Investment Review

  • SPP warns against salary sacrifice reforms amid strong employer support for current system

Corporate Adviser

© 2017-2024 Definite Article Media Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Privacy policy
  • T&Cs
  • Contact

Follow Us

X
No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.