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

Empower Employees with Financial Security

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Safeguard your employees' financial wellbeing

Key to any flexible benefits proposition are the products that ensure that your employees and their partners and dependants are protected from unforeseen events. Adequate pension arrangements will also help to ensure that your employees are adequately resourced in retirement.

FlexGenius provides market-leading flexibility and choice in how these products are offered and managed.

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of your employees will want some form of financial protection.

Flexible financial benefit opportunities

Critical illness cover

It's possible to select varying levels of lump sum cover that will become payable in the event of diagnosis of certain pre-defined conditions.

Death in service benefit

Employees can select cover in multiples of salary and benefit from discounted corporate rates. Registered schemes benefit from full tax savings through salary sacrifice.

Income protection

These valuable policies provide replacement income for employees in the event that they are no longer able to work due to illness. Payment can be made through to retirement or earlier periods as required.

Smart pension

Flexible salary sacrifice contributions which can varied at any time with immediate tax relief at marginal rates. Pension modules have configurable contribution matching options and capping functionality where annual or lifetime allowances are a concern.

Frequently Asked Questions

What types of financial protection can FlexGenius offer access to? +

Working with your provider, FlexGenius can manage and set up Critical Illness, Death in Service, and income protection on their portal, allowing everyone to make their own choice to ensure comprehensive financial security for employees and their dependents.

How does critical illness cover benefit employees? +

This benefit provides a lump sum payment if an employee is diagnosed with a pre-defined serious illness, helping to alleviate financial burdens during difficult times.

Can employees customise their death in service benefits? +

Depending on your provider, this may be available. 

What is included in the income protection plans? +

Income protection plans offer a replacement income if an employee is unable to work due to illness, with payments continuing until retirement or a specified earlier period.

How does the smart pension plan work? +

The smart pension plan offers flexible salary sacrifice contributions with immediate tax relief and configurable matching options to help employees prepare for retirement.