59% used benefits platform to manage pensions auto-enrolment

Nearly two-thirds (59%) of respondents used a benefits platform to manage auto-enrolment, according to research by JLT Employee Benefits.

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Its latest JLT 250 Club survey found that 67% of respondents said their view of how benefits platforms can be used had changed following auto-enrolment.

More than half (51%) of respondents currently provide flexible benefits, while a further 12% said their dedicated benefits platform will allow them to introduce flexible benefits in the future.

Only 6% of respondents removed the link between ancillary benefits, such as group life assurance and private medical insurance, and pension scheme membership in order to reduce costs, while 19% increased the link to some extent.

More than half (55%) of respondents ensure their employees are aware of benefits, while 45% make sure they value them, and 44% use benefits to attract and retain staff.

Nick Boyton (pictured), principal at JLT Employee Benefits, said: “Auto-enrolment has prompted organisations to think more in terms of total reward packages, rather than just narrower salary definitions.

“As the economy gains momentum, employers are conscious they must now look at different ways of differentiating themselves in the battle for talent, rather than simply offering larger pay packages.

“They also actively communicate on auto-enrolment and benefits to ensure they are understood or appreciated by their employees.”