Azzurri Communications introduced a flex scheme last year and works with the plan provider to stay on top of the salary sacrifice savings.
Noel McGonigle, HR director, says: “Our provider looks after the sums for us. We do monitor the savings, though, by reviewing the savings reconciliation of the benefits scheme annually.”
The communications firm, which has 700 staff, splits its national insurance savings 50/50 with workers. “Half goes to scheme administration, the other half into staff pension funds,” says McGonigle.
“The key factor was we wanted to ensure the plan was self-funding.”
