Flexible and voluntary benefits
Flexible and voluntary benefit arrangements help allow you to offer a range of benefits valued by your employees, which may also reflect your organisation’s culture. An arrangement could include group protection benefits alongside other benefits such as childcare vouchers and gym membership.
You or the trustees you’ve chosen will always be the policyholder. You must decide:
- which products you want to include in your flexible / voluntary benefit scheme,
- the minimum level of each benefit you wish to provide (we call this core benefit), and
- the options an employee has for making changes to their benefits.
Advantages of flexible and voluntary benefits
Very useful if you’re merging with another employer as it can be an easier way to integrate reward packages.
Our products pages help provide an overview of what we can cover and how we assess claims and the options available.
We also include access to a comprehensive range of support called Worklife Solutions to help you maintain a healthy workforce. Worklife Solutions provides a range of information, advice and services to help your employees deal with issues and events in their everyday life.
We'll continue to provide cover and pay any valid claims as long as premiums are paid and the policy terms are met. There are some circumstances where we won't provide cover. You can find out more in our technical guides.
For more information and links to the appropriate technical guides, please see PDF file: A guide to flexible and voluntary benefits PDF size: 270KB .