Employee Financial Protection Scheme - FlexGenius | Person entering their bank details

Financial benefits for your employees

FlexGenius brings together the financial benefits your employees rely on. Group life assurance, critical illness, income protection, partner and dependants cover and salary sacrifice pensions, all in one platform built around how your organisation works.

Book a Demo

 Financial protection for employees, built around real life 

 FlexGenius brings every part of your financial protection offer into one employee benefits platform, so HR teams can manage, communicate and deliver cover in a way that works for your structure and your people. Group life assurance, critical illness, income protection and smart pension sit alongside reward, recognition, health and lifestyle benefits, giving employees a complete view of what their employer is investing in them. Cover can be tailored to different employee groups and updated when life changes, with HR retaining full visibility behind the scenes.

Financial protection employee benefits, hosted by FlexGenius

Critical illness cover

Offer flexible lump-sum cover that pays out on diagnosis of a defined list of serious illnesses. Configurable cover levels let employees match the protection to their own circumstances and dependants.

Income protection

Replace lost income when an employee can't work due to long-term illness or injury. Payment terms can run through to retirement or a defined earlier period, with cover and rules configured to your scheme.

Smart pension

Flexible salary sacrifice contributions with immediate tax relief at marginal rates. Set up contribution matching, employer top-ups and annual or lifetime allowance capping, all configurable to your existing scheme.

Group life assurance

Provide cover in multiples of salary, with discounted corporate rates and full tax efficiency through registered salary sacrifice schemes. Dependant nominations and choice management are handled through the platform.

Partner, spouse and dependants cover

Extend life assurance and critical illness to the people who depend on your employees financially, with eligibility rules, claim management and admin all running through one platform.

Personal accident insurance

FlexGenius can host personal accident insurance, giving employees peace of mind if they suffer a serious accident that causes injury or disability.

How financial benefits for employees work with FlexGenius

1. Map your current protection offer 

Tell us about your existing cover, providers and scheme rules. We can accommodate your current arrangements, and help you add new benefits and features to meet your requirements. 

2. Configure cover, rules and salary sacrifice  

Group life assurance multipliers, critical illness tiers, income protection rules, smart pension matching and capping are all built into the platform alongside your branding and eligibility logic.

3. Employees choose, HR oversees 

Employees log in, see exactly what they're covered for, update dependants and adjust contributions where allowed. HR teams have full visibility, with selections, changes and exceptions managed centrally through one administration environment.

4. Reporting and provider data flow automatically  

Selections and payroll-ready data feed straight through to providers and finance. Uptake, cost and engagement reporting is available at any time, broken down by benefit and employee group.

Financial benefits that work for employees and HR teams 

Financial benefits are some of the most valuable benefits an employer can offer. But if employees can't see what cover they have, understand how it works, or make changes when needed, much of that value gets lost.

Here’s what typically gets in the way:

  • Employees don't recognise the financial protection you already provide 
  • A single financial protection package can't serve a diverse workforce 
  • Salary sacrifice and tax efficiency get buried in admin
  • Annual enrolment for protection benefits absorbs weeks of HR time 

FlexGenius brings financial protection, savings and workplace financial benefits into one place. Employees can easily view their cover, manage dependants, understand their options and make selections through a simple self-service experience. At the same time, HR and payroll teams benefit from automated eligibility rules, salary sacrifice administration, provider reporting and streamlined enrolment processes.

FlexGenius financial benefits mobile

"Our experience with the FlexGenius platform has been highly positive from the outset. The implementation process was efficient and straightforward. We have been able to tailor the platform to our specific requirements, resulting in time savings by automating routine tasks.

Security and reliability have consistently met our expectations. Since adopting FlexGenius, our benefits are all in one place and are readily accessible."

Lesley sherwin, Change Project Partner (People). Together Housing

1

Why offer financial benefits through FlexGenius

  • One platform replaces multiple provider portals, scheme documents and spreadsheets, so HR runs financial protection in a single workspace
  • Salary sacrifice and National Insurance (NI) savings are built into how the platform calculates contributions, with auditable payroll feeds
  • Eligibility rules, multipliers and cover tiers stay consistent across joiners, leavers and life events, removing one of the biggest sources of error
  • Annual enrolment for financial protection runs in days rather than weeks, with dependant changes and selections flowing straight through to providers
  • Reporting on uptake, cost and engagement is broken down by benefit and employee group, ready for finance, providers and the board
  • Tax-efficient pension contributions and registered protection schemes are hosted using the right rules which can help you with HRMC compliance 

 

FlexGenius financial benefits
2

Why employees value financial benefits through FlexGenius

  • Genuine protection for the hardest moments, with cover that pays out when employees and their families need it most
  • A clear, plain-English view of what's covered, who's covered, and how much it's worth
  • Choice over the cover that fits their stage of life, from single cover at the start of a career to family cover with young children at home
  • Salary sacrifice savings that increase take-home value without extra cost to the employer
  • The ability to update dependants, change contribution levels and adjust cover when circumstances change, without going through HR
  • A stronger sense that their employer is investing in their long-term financial wellbeing

 

FlexGenius employee benefits platform

Other employee benefits that work alongside employee financial protection

 Financial benefits for employees work best as part of a broader benefits offer. These related modules build comprehensive financial wellbeing for your people.

Financial education & advice 

Pension and retirement modellers, video content and a plain-English glossary. Ensure employees genuinely understand the value of what you provide.

Explore financial education for employees

Employee discount scheme

Employee savings schemes and discount networks, helping people build long-term financial resilience and security alongside the cover you provide.

Explore employee discount scheme

Total reward statement

 A clear, branded view of every benefit that you pay towards for your employees so the value of your financial protection is visible alongside salary and reward.

Explore total rewards statement

Employee health benefits

Private medical insurance, virtual GP, health cash plans and mental health support, complementing financial protection with the physical and mental wellbeing support.

Explore employee health benefits

FAQs about financial benefits for employees

What financial benefits can FlexGenius support? +

 FlexGenius supports the financial protection benefits most UK mid-market and enterprise employers offer, including group life assurance (death in service), critical illness cover, income protection, and smart pensions via salary sacrifice. Many financial benefits for employees can also be extended to cover partners and dependants, too. Existing provider arrangements can be configured into the platform, so you don't need to switch. While we don’t supply the cover, we can host your existing schemes or facilitate new ones through trusted third-party providers.

Can employees flex their financial protection cover up or down? +

Yes, subject to scheme rules. Employees can typically increase or decrease cover at defined points in the year, update dependants and adjust pension contributions through self-service. HR sees all changes in real time and provider data flows automatically.

How does salary sacrifice work for pensions and registered protection schemes? +

FlexGenius runs salary sacrifice as a configurable rule inside the platform, applying the right tax and National Insurance treatment to pension contributions and to registered death in service or income protection schemes. Payroll-ready reporting comes out clean, with no manual reconciliation.

Do we keep our existing providers? +

Yes. FlexGenius is provider-agnostic. The platform handles administration, employee experience and provider reporting around the schemes you already have in place, so there's no need to disrupt long-standing relationships. However, if you are looking for new or additional schemes, we can facilitate this too.

How long does it take to implement employee financial benefits on FlexGenius? +

Most clients are live in 8-12 weeks from kick-off. Larger or multi-entity rollouts may take up to 16 weeks. The pace depends on how many modules you activate at launch and the quality of your existing scheme’s data.

Is the platform secure? +

Yes. FlexGenius is hosted in UK data centres with ISO 27001 information security certification, GDPR-compliant processing, role-based access control and full audit logging.

Can employees access their financial protection benefits on mobile? +

Yes. FlexGenius is designed to work consistently across desktop and mobile, so employees can check their cover, update dependants and adjust contributions from any device.

Book a free demo

The only way to truly assess new software is to see it in action. Why not book a free demo of our simple-to-use system, and take the opportunity to ask our consultants how the platform can configured to your exact business requirements?

Book One Now

Want to have a chat?

Want to know a bit more about FlexGenius? Our team would be happy to chat with you today!

0800 652 4745 enquiries@flexgenius.co.uk
Get in Touch