Griffins Employee Benefits. Griffins Financial Solutions independent financial advisers. achieving your goals, together

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1 Griffins Employee Benefits Griffins Financial Solutions independent financial advisers achieving your goals, together

2 The problem Employee benefits... I know they can help to motivate my staff, but I don t have time to run a benefits scheme. Your competitors may well be using benefit schemes to attract and retain the best people. And like it or not, contributory qualifying workplace pension schemes will become compulsory for all employers over the next few years. The new rules will present businesses with yet more red tape and increased costs. Unfortunately, traditional schemes do not give employees much choice or control over their benefits packages. And neither does the customary annual statement serve as much of a vehicle to engage employees with the benefits you provide. Employee benefit schemes raise a lot of questions Communicating benefits? Auto enrolling eligible employees? Value for money? Staff turnover? Changing legislation? Employee benefits Employee choice? Life assurance? Pension contributions? Personalised financial advice? Record keeping? Healthcare? Administration costs?

3 the solution Web-based technology now enables small and medium-sized businesses to easily administer and communicate their employee benefits packages online. Our service uses technology previously only available to larger companies, helps to streamline administration and reduce costs whilst enhancing employee engagement and understanding. We offer a web-based benefits service to small and medium-sized businesses. The benefits to you, as an employer, are: l Streamlined administration, which reduces your costs l Enhanced level of employee engagement employees regularly see the value of their benefits l Employees can manage all of their benefits in one place, including: pensions; healthcare plans; life assurance and childcare vouchers l The service gives you the freedom to choose the providers of your employee benefits But when it comes to pensions and benefits advice, technology alone is not the whole solution. Our team of independent financial advisers can help you to review any existing arrangements you already have in place and help you to get to grips with the new rules for automatically enrolling employees into a pension scheme. If appropriate, we can help you to choose a pension scheme that s right for your business and your employees. We can also take over the administration of your existing arrangements and help communicate the value of any existing benefits to your employees.

4 All your benefits in one place uses online technology to help you manage your employee benefits and bring them together in one place. Your employees have a single view of all of their benefits, with access to valuations and scheme details whenever they want them. Bro@dcast works securely through the web to bring all your company benefits such as pensions, life assurance, healthcare schemes and childcare vouchers in one easily accessible place. Your employees can review their benefits and pensions at any time, and we ll provide everything you need to communicate the benefits to your staff. As well as using online technology as a communication tool we also use more traditional methods, such as group presentations and one-to-one employee advice surgeries to help your employees understand the value of the benefits available to them.

5 Streamlining pensions administration The new pension rules are complex and employers must keep detailed records for each employee if they are to comply with the new pension auto-enrolment laws. Larger employers will be able to use their HR departments to administer their pensions schemes in conjunction with the payroll. For small and medium organisations, the administrative overhead will be significant. will take care of administering your employees pensions whether you have a dedicated HR service or not. Key benefits l No need to change payroll system l No need to change pensions scheme l Takes care of registration and re-registration with the pensions regulator l Ensures eligible employees are re-enrolled at the right time l Continually checks eligibility status of employees l Ensures all the right information is given to the right employee at the right time l It ensures those employees who are not eligible understand their rights And because we are experts on pension legislation, you don t have to be. To find out more about Bro@dcast and our range of services for small and medium businesses, contact one of our team now on

6 Griffins Financial Solutions Ltd Griffins Court London Road Newbury Berkshire RG14 1JX T F E financialsolutions@griffins.co.uk additional offices in Reading and London achieving your goals, together griffinsfinancial.co.uk Griffins Financial Solutions Limited is authorised and regulated by the Financial Services Authority Please remember the value of your investments can fall in value as well as rise. Past performance is not a guide to future performance.