Lorica relaunches in the employee benefits market

James Biggs

Corporate wealth management organisation Lorica has re-entered the employee benefits market to offer financial wellbeing and pension support services to employers.

The organisation, which sold its employee benefits business to consultancy Aon in 2014, launched its new benefits proposition on 1 June 2017. Lorica continued to operate as a wealth management firm following the acquisition, and three years on, it is now free to return to the employee benefits sector.

Lorica’s employee benefits proposition includes workplace financial education and wellbeing services, an HR consultancy service to provide support around pension schemes, and group personal pension (GPP) plan governance.

The new range of services are tailored for corporate clients with 250 employees or more.

James Biggs (pictured), consulting and wellbeing director at Lorica, said: “Our primary objective is to deliver financial education in the workplace and bring great financial knowledge to the world and to the masses.

“If you think about all the changes that have happened in [the employee benefits] market, so pension rules and regulations, individual taxation rates, to changes in thinking in the Department for Work and Pensions, the Treasury, and HM [Revenue and Customs], there’s never been a greater need for advice than there is now.”