Phoenix Group raises flex take-up

EXCLUSIVE: Phoenix Group has seen an increase in employees taking up its flexible benefits scheme for the third year in a row.

More than three-quarters (77%) of staff take advantage of the Flexit scheme, which is provided by Vebnet.

Lynne Weller, group reward manager at Phoenix Group, said: “Since launching Flexit in 2009, we have successfully increased take-up from 54% of employees to 77% now making an active benefits choice.

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‚ÄúTo experience a year-on-year increase in the number of employees participating over three benefit enrolment windows has been a great achievement and well worth the hard work.‚ÄĚ

The life and pension fund firm offers employees more than 20 benefits through the scheme, including discounted gym membership, will writing and private medical insurance.