What are benefits and reward packages?

These packages enable you to offer your employees a range of voluntary and flexible benefits, as well as wider rewards. They cover everything from funded health care to discounted shopping.

Standard Life can offer you a range of packages* that could give your company a competitive advantage when attracting and retaining talent, while acting as the foundation of your employee reward strategy.

*Arranged by Vebnet Limited

Why us?

Over 15 years specialising in benefits and rewards

Employer branded platform with Vebnet admin support

Benefits & rewards packages tailored to your employees’ needs

 

Together, Standard Life and Vebnet* can help you design and manage packages to:

  • attract and retain the best employees
  • achieve your reward objectives
  • apply greater control and transparency to your benefits budget
  • reduce benefits paperwork and the workload of your human resources team
  • make it easy for your employees to understand the benefits of their wider reward package
  • offer innovative communications to boost adoption of benefits
  • provide employees with one-click access to our reward platform** via Single Sign On (SSO)
  • support employees with information about Financial Wellness

*Vebnet Limited is part of the Phoenix Group

**Platform provided by Vebnet Limited

Please note that any regulated benefits will be sourced by 1825^.

What can Standard Life offer you and your employees?

A smarter reward strategy

Find the perfect balance between your reward strategy and the needs of your employees. We can help you plan, research, refine and review your strategy with a range of services, including tailored feasibility studies, benefit audits, industry benchmarking, employee research, and more.

Standard Life can then help you design your scheme from end-to-end, including bespoke branding for your platform and its integrated communications.

Employee benefits consulting services can help you improve engagement, minimise costs, make more of your budget and potentially save on tax and National Insurance contributions.

Group protection benefits are vital to protecting employees against health problems while in service, and include life assurance, income protection and critical illness cover. These benefits reassure your employees that they are valued, and that their families will be financially protected in the event of serious illness or death.

Benefits can also be offered to extended family members for additional peace of mind, such as an employee’s parents.

1825 can help to ensure that the design, price, terms and service of your group protection benefits meet the requirements of your business, and the expectations of your employees.

Group protection consultancy

Heath care and wellbeing consultancy

You can get advice on every aspect of healthcare benefits (arranged by Vebnet Limited), including the best way to communicate them, how to put together the right package for your employees and the implications of insurance or self-funding. We can also help you coordinate a holistic approach to ill-health absenteeism, debt management, and wider workplace health and wellbeing.

56°, Standard Life Aberdeen’s in-house marketing consultancy^^, can help maximise the success of your employee benefits and reward package through smarter communications. Using a targeted, creative communications campaign can help boost employee take-up, raise awareness and potentially cut costs.

A targeted campaign can also help improve your return on investment and retain talented employees while boosting morale and productivity.

Campaign analysis can also help you understand the type of communications your employees respond best to, and 56° will also be there to help you design and implement your communications plan, as well as helping you deploy Vebnet’s platform technology.

Employee communications

Working together

Standard Life, Vebnet and 56° have the skills and experience to help you implement your reward programme as smoothly as possible. The platform has been developed by Vebnet in-house here in the UK.

Standard Life’s experienced consultants will work closely with you to implement your total reward programme, and tailor it entirely around your business needs.

The innovative total reward platform is continually being designed and refined to deliver a solution that is easy and intuitive for employees to use. You can use it to send communications to employees about their benefits and rewards, and to offer them additional support, You can even give them options to buy or sell incentives like extra leave and childcare vouchers. All of this is offered through the simple self-service platform.

All on platform technology

Managed benefits administration

Vebnet can manage all scheme details on your behalf. This helps ensure it is run professionally, efficiently and in strict accordance to your plan and service level agreements. The technology also automates many administrative tasks and provides your management and HR teams with real-time dashboards and reporting.

We can also set up and run an employee helpdesk, giving your employees a dedicated number to call with any queries.

Want to know more?

Get in touch with your Standard Life contact today to hear more about our total reward services.

As part of the Phoenix Group, Vebnet has specialised in creating total reward solutions for over 15 years. They have provided trusted support, technology and services that have shaped and launched benefits packages for employers in the UK.

Vebnet Limited can provide guidance for many benefits that are not regulated by the UK Financial Services regulators. For regulated benefits, Vebnet Limited is able to refer customers to 1825, Financial Planning from Standard Life who are authorised and regulated by the Financial Conduct Authority.

In relation to the administration of insurance based contracts Vebnet Limited is an appointed representative of Pearl Group Management Services Limited which is authorised and regulated by the Financial Conduct Authority.

Vebnet Limited is registered in Scotland (SC207389) at Standard Life House, 30 Lothian Road, Edinburgh, EH1 2DH.

Pearl Group Management Services Limited is registered in England (3588063) at 1 Wythall Green Way, Wythall, Birmingham B47 6WG.

‘1825’ is a trading name used by 1825 Financial Planning And Advice Limited, which is part of the Standard Life Aberdeen Group. 1825 Financial Planning And Advice Limited is registered in England (01447544) at Bow Bells House, 1 Bread Street, London, United Kingdom, EC4M 9HH and is authorised and regulated by the Financial Conduct Authority.

Vebnet Limited is owned by the Phoenix Group and uses the Standard Life brand under licence from the Standard Life Aberdeen Group. You can find more information about Standard Life Aberdeen plc’s strategic partnership with Phoenix at www.standardlife.com/partnership

Pearl Group Management Services Limited is also a member of the Phoenix Group www.thephoenixgroup.com

^1825 is the brand for Standard Life Aberdeen Group's UK financial planning and advice business.
^^56 degrees is a service provided by Standard Life Aberdeen