Jelf Employee Benefits strengthens corporate pension team
for post RDR and AE era
To meet client demands in a post RDR and Auto Enrolment era Jelf Employee Benefits’ has expanded and restructured its corporate pension team.
Lee Coles has joined as head of Jelf Money after Work, the retirement division within the team. Lee Coles was previously communications and support manager at HSBC Life Company.
Jo Thresher has been promoted to head of Jelf Money at Work, leading a team focused on financial education and employee engagement.
Both roles are part of Jelf’s new holistic approach to the pension journey from joining through to retirement and beyond.
Paul Beecham, has been promoted to head of pensions consultancy and will lead the team delivering consultancy services to employers and their pension schemes.
Alan Stevenson and Jon Wood are promoted to corporate pension directors and will lead the development of corporate pension business.
All five newly created roles will report in to Alan Millward, corporate benefits director.
Millward commented: “Our newly integrated team means we are poised to help clients maximise the value they get from their pensions scheme, as well as helping us broaden our relationships with existing clients and new prospects, no matter what the pensions landscape looks like in a post RDR and AE world.
“We already had an experienced team so it was not necessary to look outside the organisation for most of these posts. We are however, pleased to welcome Lee Coles who has already been focusing on the content of our retirement coaching service, and will look to develop additional commercially viable services to attract clients to Jelf Money after Work.”
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Media Contact:
Sharon Mason
SMUK Marketing and PR
Land: 01252 843350
Mob: 07747 611773
About Jelf
Jelf was founded by Chris Jelf in 1989. Today it is a leading independent consultancy providing expert advice on insurance, employee benefits, healthcare and financial planning for businesses and individuals. Jelf employs over 1,000 people across 32 locations across England and Wales.
About Jelf Employee Benefits
Jelf Employee Benefits operates out of six locations and accounts for over a quarter (28%) of Jelf Group revenue (£19.85m in 2011). Clients include Admiral, Bluestone, Compass Group, Gloucestershire Wildlife Trust, Hanover Group, Honda UK, Midas Group, Save the Children, Space Engineering, Specsavers and Thatchers. Jelf Employee Benefits helps clients choose the right benefits for their employees and will then source and negotiate them, as well as help promote them to staff. This is a three-part process:
• Benefit design or review (including risk and pension benefits)
• Implementation
• Communication
Benefit types:
• Healthcare: PMI, Private Dental Insurance, Health Screening, Employee Assistance Programmes, Absence Management and Occupational Health
• Group Risk: Death in Service benefits, Income Protection, Critical Illness and Accident Insurance
• Pensions: DC and DB schemes, scheme governance, retirement counselling, annuity service and RDR/NEST preparation
• Flexible benefits including voluntary benefits such as retailer discounts and childcare vouchers
Implementation
• Group presentations and 1-2-1 meetings to engage staff with new benefits and improve take up
• myreward is an online benefit management and communication platform which enables organisations to manage their employee benefit offering with ease by reducing administrative strain. It also gives HR teams access to detailed management information to aid budgetary planning and the management of people-related risk.
Communication
• Launch campaigns using posters, desk drops or in-payslip communications as well as launch roadshows.
• Total reward statements (TRS) to clearly demonstrate the monetary value of each benefit alongside salary.
• Employee opinion surveys help organisations review and put together the most effective benefits package for their company.
Administration services
• All of the above is supported by a robust administration service to ensure all employee information is correct and kept up-to-date.
Size of business
Business Turnover 11/12* Client numbers **
Healthcare £11.4m 4600 corporate + 4000 individual
Pensions £6.3m 450
Group Risk £1.8m 700
Flex £0.3m 30
* approximate
** Total corporate policies approx 5500 as some clients buy multiple services. 90% are SME
These figures include Jelf Manson.