Employee Benefit Providers

The emergence of workplace advice delivered through platform technology or ‘Corporate Wrap’ as it is becoming known, is an obvious next step for the employee marketplace and will deepen employer/employee relationship and staff. Corporate wraps will put the employee/consumer in a more favourable position - with the technology solution and provider proposition focused primarily on their needs, packaged by the employer accordingly.

With the inclusion of GBST Composer™ to your existing Employer Benefits Providers, employees can have access to investment benefits wider than just the company pension scheme, with a complete Wealth Management Package including arrangements such as bonus, salary, share save, ISA and direct investments in place.

With ComposerWeb™, an employee will be able log in via intranet or internet and see their Wealth Management Package (pension scheme, ISA, PEP, share save, Bonds, SIPP) alongside other employee benefits (death in service, health care, income protection, etc).

Other non-platform products such as previous employer schemes can also be reflected for valuation purposes or transferred to the platform if appropriate. The employee can then transact/switch into a range of investments which have been ‘approved’ by the company for the pension scheme and/or be given a wider choice for other tax wrappers.