Aviva is making it easier for people to understand the value of benefits provided by their employer.
Total Reward Statements will be offered alongside group personal pensions and give employees an online personal statement of their benefits package including salary, bonus, pension, medical insurance, health screening, life and critical illness insurance, car allowance and holiday.
Paul Goodwin at Aviva says, "Research shows that employees want to view and manage their benefits in one place. Total Reward Statement is ideal for employees because it enables them to understand and manage their workplace benefits. It is also good news for employers because it helps with staff retention and can make it simpler to communicate the benefits offered by the whole staff benefits package."
Life insurance news: 1 March 2011