Hargreaves Lansdown is launching a fully integrated corporate wrap and flexible benefits platform.
It will allow employees to control their whole workplace benefits and savings requirements in one place.
The Integrate system, which combines Hargreaves Lansdown's Corporate Vantage investment platform and Staffcare's flexible benefits system, is currently at the latter stages at with its first four businesses which will go live with their benefits windows shortly.
HR departments will be able to post employee pay slips on the new system, while it also includes a total reward statement tool.
Hargreaves Lansdown workplace benefit consultant Jeff Fox told WSB how the system would operate.
"Platforms, wraps and other such hubs have been around for long time, but the difference with this is the level of integration," he said.
"People have always been able to do flex and pensions, but the minute someone wants to contribute 10% from flex into a pension scheme and invest it, you've got to log on to another system which involves at least two sets of passwords. For a lot of HR departments it's a frustration because they get a lot of feedback from employees saying can't we just simplify it for us.
"It's being able to see it all in one place. If you can log on to one place you're more likely to choose your investments, pension and so on, which I suspect is the reason a lot of people don't change their pension investments because they can't log in," he added.
The platform can be fully branded to fit any employers style requirements and also includes an array of financial calculators, tools and education support such as videos and guide booklets.
Hargreaves Lansdown head of pensions research Tom McPhail added: "We've been developing this over the last year to build on the corporate vantage and are now going to take it on to the next level. We're just at the point of rolling that out."
McPhail confirmed that the provider would work with clients who wanted to use flexible benefits or pension provision from elsewhere, but noted that they would lose the level of integration.
"We believe the future of flexible benefits systems will go towards greater integration," he added.
