JP Morgan introduced a dental healthcare plan for its workforce on a voluntary discount basis, through Denplan, in 2005.
In 2007, the dental plan became part of the bank’s new flexible benefits scheme.
The employee-funded plan offers five levels of cover and is available to all 13,500 of the organisation’s UK staff.
Adam Brooke, employee benefits manager (UK) at JP Morgan, says: “We wanted choice within the offering, just as we offer with our other benefits. As part of that choice, we have everything from just an emergency offering all the way through to NHS-only cover, and up to fully inclusive private dentistry.
“It is really important. We have got a wide range of products to give employees choice over what they take. That is not just in benefits, but also in the way they look at their own health.
“We try to provide a wide range of offerings and programmes that [employees] can engage with where they see fit.”
Take-up of the plan across all employee levels has reached almost 28%. “It is a really popular benefit and one that almost runs itself,” adds Brooke.