Course on workplace pensions  

How accessing workplace benefits has evolved

  • Explain how workplace benefits have evolved
  • Describe how employers can help introduce staff to workplace benefits
  • Identify ways to protect the death-in-service benefit from the lifetime allowance
CPD
Approx.30min
What do employees expect from workplace benefits?
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Workplace benefits have evolved far beyond offering pension schemes and private health insurance.

There are complex insurance and generous death-in-service packages, wellbeing support packages as well as assistance in accessing a huge range of other benefits.

In the current era, where people are struggling with the daily cost of living, many employers offer access to financial wellbeing packages and ways to tweak one's remuneration to help with daily cash flow.

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There is a whole range of ways employers can help their staff with both daily and longer-term financial challenges. This article sets out some of the ways this can be achieved.

CPD
Approx.30min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. Which of the following is NOT a non-pension workplace saving scheme?

  2. Legislation has separated non-pension benefits from pension benefits so that those near to the lifetime allowance will still be able to access them, true or false?

  3. How should death-in-service benefits be treated?

  4. Nearly half of UK workers are less confident about retiring as they believe their current pension provision will not be enough to provide a good standard of living, true of false?

  5. Financial wellbeing services can help employees do what?

  6. What is the Nest 'sidecar' scheme?

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You have successfully answered all the questions correctly, well done!

You should now know…

  • Explain how workplace benefits have evolved
  • Describe how employers can help introduce staff to workplace benefits
  • Identify ways to protect the death-in-service benefit from the lifetime allowance

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