Auto-enrolment catalyst for employee benefit reviews

clock • 1 min read

The introduction of auto-enrolment is being used by companies to review their employee benefits package or introduce new benefits, a survey has found.

Of companies surveyed by MetLife Employee Benefits, 21% were planning to review or introduce new benefits in the wake of auto-enrolment.

A lack of knowledge of how to go about making changes was revealed, 41% of firms said they did not know how best to review their benefits packages, what they should look at changing or what to offer staff.

Among employers who were certain of what they wanted, 32% planned to either review or introduce group income protection cover.

Private medical insurance was being considered by 18% of those companies surveyed for either review or introduction.

Tom Gaynor, employee benefits director at MetLife UK, said: "Auto-enrolment is the biggest catalyst in decades for changing the relationship between employers and employees in the workplace and is having a major impact on employee benefits."

"Confusion among employers about what they should be doing when it comes to benefit reviews is a huge opportunity for advisers and providers such as MetLife need to support in meeting the growing demand for employee benefits.

"It is important that the industry steps up to the plate and helps employers confront their uncertainties. Until this happens we risk employee benefits in many organisations being determined on the custom and practice of the past rather than the needs of employers and the workforce of the future."

More on Employee Benefits

Employers feeling the NICs strain

Employers feeling the NICs strain

NI changes on 6 April

Cameron Roberts
clock 01 April 2025 • 1 min read
Cancer carers to cost UK employers £8.5bn in 2025

Cancer carers to cost UK employers £8.5bn in 2025

Impact on finances, time, careers

Cameron Roberts
clock 28 March 2025 • 3 min read
Howden snaps up Barnett Waddingham

Howden snaps up Barnett Waddingham

Provides platform for expansion in global markets

Jaskeet Briah
clock 25 March 2025 • 2 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read