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Daily Insurance Industry News
Thursday 18th of October 2018
February 23, 2011

Aviva launches employee Total Reward Statements

by Gill Montia

Story link: Aviva launches employee Total Reward Statements

Aviva launches employee Total Reward Statements

Aviva is making it easier for people to understand the value of benefits provided by their employer.

The insurer is launching Total Reward Statements alongside its group personal pensions, providing employees with an online personal statement of their benefits package including salary, bonus, pension, medical insurance, health screening, life and critical illness insurance, car allowance and holiday.

According to the group’s head of pensions marketing, Paul Goodwin, the workplace savings market is likely to grow quickly in the next few years, and people are more likely to save into a work pension if they can see how much it is worth and how much it grows each year.

Mr Goodwin adds: “It’s also good news for employers because it helps with staff retention and can make it simpler to communicate the benefits offered by the whole staff benefits package.”

The technology behind the Total Reward scheme is being provided by Staffcare.

 

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