Pension, benefits and financial advice for UK companiesServices: Non Pension BenefitsWhilst we at Tisco believe a pension is pivotal to all benefits packages, non pension benefits can be equally well received by employees. Please see our product library on the right hand side for full product details on typical non pension benefits such as group death in service, group income protection insurance and group private medical insurance. Tisco can provide advice on the full range of non pension benefit services, they are too numerous to list all our services here but please click Read More below for a summary of the more common benefits. We are happy to review any existing benefits and re-broke or re-quote if required. Equally we can advise on implementation of new schemes and as independent financial advisers we will select the most appropriate product from the whole of the market place. For a free, no obligation consultation and review of your existing benefits strategy, or to talk with us about implementing a new one, please contact us to see how we can help, or call 0800 169 2827 and ask for Andreas Hunter or Mike Denton. Group Life Cover Services Group life cover is one of the most common of all benefits. Providing employees with life cover should the worst happen is neither too expensive nor too complicated. It is, however, extremely valued by employees as they understand and value providing their family with cover should something happen. The TISCO risk broking service researches the market place to ensure the benefits you have are suitable. While death may be death, group life cover is not simply group life cover. Different companies will not only vary on price, but other important features such as the 'free cover limit' - how much cover can your highly paid employees get without need of medical underwriting? We can help you secure the best rate, implement and manage the scheme and offer our annual review service Group Private Medical Insurance Services While the private medical insurance market has diversified significantly in the past couple of years, the reason for an employer having it hasn't. Not only do your employees value private medical insurance, but having staff return to work without enduring NHS waiting times can be invaluable. With more providers offering this product, and benefits such as a no claims bonus or even free gym membership becoming more common, having TISCO provide you with a fully independent service can be invaluable. As with the group life cover, our risk broking service will ensure that whichever policy is most suitable, we implement and manage the scheme as well as offering you our annual review service. Group Income Protection Services If an employee has an accident or suffers an illness which prevents them from coming to work they will effectively be long term sick. This can have huge financial implications for the employee and the employer. Protecting against accident and sickness is of obvious benefit to the individual but recent regulatory changes suggest more onus will be put on the employer to help staff who are long-term sick to get back into work. Protecting against this risk will be something all forward thinking employers wish to consider and having a group income protection policy may help mitigate against this. As an example, lets say an employee wants their income protected so they can continue to pay their bills in the event that they are sick or have an accident. The same can be said for the company they work for. Should your company lose your sales director or the finance director, how would you cope? It is vital to implement a contigency plan to help replace lost revenue, as well as meet the costs of replacing a key staff member. If that person is a shareholder, it can be even more important to cover all eventualities. How would the company feel about shares being passed outside the company, to a surviving spouse or child for example? If this is not desirable, is there a legal agreement in place to allow the company to buy back the shares? If so, are there enough funds to buy back the shares? If you would like a free consultation to see how we could help please call 0800 169 2827 and ask for Andreas Hunter or Mike Denton or use the contact us feature.
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