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Article: VOLUNTARY BENEFITS: Employers see charges increase.
- Article from:
- Employee Benefits
- Article date:
- December 13, 2007
CopyrightCOPYRIGHT 2007 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As increasing numbers of employers pay for voluntary benefits plans, they may look to negotiate direct with local suppliers to help keep costs down, says Debbie Lovewell
The last few years have seen a substantial rise in the number of employers that pay a fee for their voluntary benefits package, not least because the number of providers that offer their products for free has dwindled. Half of employers now pay a fee for their voluntary benefits scheme, compared with less than a third (32%) two years ago.
Most specialist third-party administrators now charge a fee for at least some of their services, even if they previously offered some of these free ...