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PerFlex Goes from Strength
to Strength.
The enhanced PerFlex
benefits system launched in October 2005 by
Personal Group is now accessible to over 200,000
employees through 54 major employers.
As a flexible employee benefit software package,
the beauty of PerFlex
is that both the underlying products and the software
to manage it are arranged together. For the host
employer, PerFlex
provides an individually designed core benefit
package that has the added advantage of being
user friendly, putting total control of benefit
selection in the hands of employees in a simple
and straightforward manner.
“Voluntary Group
Income Protection (VGIP) is a unique scheme
that benefits both employer and employee”
One of the unique features of the enhanced package
is the inclusion of VGIP that gives all the benefits
of enhanced group rates, without the necessity
for full group take-up. Arranged in partnership
with Unum Provident, the largest provider of Group
Income Protection in the UK, VGIP can extend sick
pay for employees and benefiting from the salary
sacrifice scheme, makes it even more attractive
with the savings in income tax and national insurance
contributions salary sacrifice can bring.
The key to the success of PerFlex
is the ease of use for employers and employees
alike. There are no restrictions on the number
of core benefits that can be incorporated, allowing
employers the freedom to put together a completely
customised package tailored to their workforce.
For the employee, benefit review and selection
is simple, secure, and straightforward, permitting
the additional purchase of benefits if required,
thus allowing employees to take full advantage
of the preferential rates and enhanced benefits
negotiated.
In addition to core benefits, the PerFlex
software also delivers individual total reward
statements, highlighting for employees the full
extent of their benefits package in monetary terms,
ensuring that ‘hidden benefits’ can
be fully appreciated.
Employees are also able to see clear illustrations
of the specific tax advantages of salary sacrifice
schemes, which can now include VGIP as well as
government initiatives such as childcare vouchers
and the environmentally aware bicycle purchase
scheme.
Take up for PerFlex
has exceeded expectations since the re-launch
in late 2005, and with the addition of the VGIP
scheme, it has become an even more powerful tool.
Time efficient, cost effective, simple to use,
and secure, PerFlex
offers the opportunity for all benefit providers
to deliver a truly flexible package that requires
no specialist IT support from Employers and is
adaptable enough to incorporate any benefit.
Further details are available from:
Adrian Glew,
Tel: 01908 605000, or 078505 34719
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