Bankhall perks up pensions, holidays and launches flexible benefits

Bankhall has launched an online flexible benefits scheme, and has improved its pensions and holiday perks.

The supplier of support services to financial advisers had previously provided its staff with a set of core benefits depending on grade, which included a minimum holiday entitlement of 20 days a year, rising to 25 days with service. This has been improved to a minimum of 26 days with no link to length of service. Staff can also buy or sell up to three days’ leave a year through the flex scheme.

The company has also extended the core 5% employer pension contributions into its stakeholder scheme to all employees, rather than just to middle- and high-grade staff.

Staff received a brochure and emails explaining what was on offer through the new scheme, which is branded You Choose and provided by Thomsons Online Benefits.

Since the flexible benefits plan went live in May, 41% of Bankhall employees have enrolled and made changes to their benefits.

Darren Veevers, finance and operations director at Bankhall, said salary sacrifice arrangements for some of the perks offered through flex had effectively funded the project. “We have been extremely pleased with the changes and have received great feedback internally,” he added.

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