Jelf Employee Benefits has launched Jelf AEase, an enhanced auto-enrolment (AE) service aimed at companies with fewer than 50 employees that are due to stage from August 2015.
Jelf AEase was launched at the beginning of 2014 aimed at companies with up to 150 employees. From this, the company has learnt a lot about what is most important to smaller companies and has developed an enhanced service that is aimed to meet the specific needs of the small company.
Jelf has found the problem is that small companies often do not have dedicated resources to look after pensions and it can be the last thing on their agenda. This might not have been such a problem in the past, but now that they are legally obliged to stage, pensions need to move higher up their agenda.
Jelf AEase has been upgraded to take the pain out of the AE compliance process and add extra value at the same time. While the enhanced service will take the company through AE, it will also incorporate a review of wider benefits offerings with guidance on healthcare, group risk and management liability insurance — all at no extra charge.
Smaller companies need to compete with larger companies for recruitment and retention of talent and this includes offering a competitive benefits package. When a company has to look at their pension, it is a perfect time to bring all benefits up to scratch. Jelf says it is well placed to offer a review of wider employee benefits and believes the extra services will add real value to clients.
Similarly, smaller companies need insurances that are particular to them, such as management liability insurance to protect their directors, and Jelf will also offer this via Jelf Insurance Brokers. Jelf will use its position in the market to offer a one-stop shop to small companies, taking them through AE and putting them in a much stronger position.
Jelf AEase is available now. Click here for more information.