Now is as good a time as ever to start thinking about retirement. That classic piece of advice isn’t exclusive to retirees.
Aviva recently employed the efforts of Staffcare to build a new employee pension system called Work:Life, which digitizes the pension enrolment process for Aviva’s staff.
As the once employed slowly reenter the workforce following the recession, and as the technological community realizes opportunities for more efficient enrollment into corporate insurance programs, it’s never been more important to keep up with demand. Staffcare, which offers benefits-based Software-as-a-Service to more than 250 organizations worldwide, has given Aviva an online pension tool that provides the peace of mind that its workers compromise none of their productivity for the sake of developing and monitoring their nest eggs.
Work:Life allows employees to integrate existing benefits with the new hub, and select new ones that are consistent with their needs.
Offerings include group personal pensions, which presents Aviva’s core workplace pension program; planning tools, including the firm’s Pension Tracker; total reward statements, which display every element of a benefits package as it relates to one’s current income; voluntary benefits, which offer numerous short-term benefit options; and a collection of other flexible benefits on more personal items, as well as health insurance.
“Being able to view benefits and plan finances will encourage employees to use Work:Life regularly and in an informed way, particularly if what’s on offer is relevant to those particular employees,” said Paul Goodwin, director of Proposition Strategy and Development for Corporate Benefits, Aviva. “Creating a desire among employees to actively manage their short- and long-term finances will be a critical step in the success of auto-enrolment.”
Work:Life will later provide a number of other planning tools, including a Group ISA and SIPP.
Specializing in asset management related to life and general insurance, Aviva serves 43 million customers worldwide, 14 million of which located in the U.K. and enjoy their benefits as clients of the largest insurer in the country. The company is ranked one of the nation’s top 10 “most valuable brands” and boasts membership in the top 10 percent of socially responsible companies in the Dow Jones Sustainability World Index.
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