RHG Financial Services

Richmond House Financial Services Limited
are Chartered Financial Planners

Employee benefits

Employee benefits schemes for businesses

Working with RHG

Richmond House Group (RHG) is an independent, privately owned provincial firm with big city experience, owned and managed by its directors. We have been advising clients from our offices in Stevenage since 1964. Our clients range from public companies to sole traders, the comfortably retired to budding entrepreneurs.

Employee benefit schemes

We are experts in providing advice regarding employee benefit schemes. These can offer a wide range of benefits from private health insurance, income protection through to private medical insurance. We can advise and help on setting up a scheme, advise you on the tax implications and take away the headache of the day-to-day management. We see pension benefits as part of a wider employee rewards packagethat can help with staff rentention, satisfaction and recruitment.

Typical benefits include:

Group life assurance

A group life assurance scheme enables employers to provide a tax free lump sum benefit and/or a dependant’s pension to an employee’s family and children, if they should die in service. Provision of a group life assurance scheme goes a long way towards demonstrating an employer’s genuine care for staff welfare as well as encouraging loyalty and reassuring staff that they are valued.

Group income protection

A group income protection scheme can help both employers and employees in the event of a member of staff’s long term sickness. An employee’s long term absence will often not only impair a business’s productivity but it could also translate in a “bottom line” reduction in profits or, worse, an increased loss.

Group critical illness

Group critical illness schemes are often integrated with other benefits in order to provide a very wide range of protection and assistance for staff.

Group private medical insurance

Group private medical schemes have evolved dramatically in the most recent past. For many years they were only available to the most senior of staff and basically provided for an employee to have inpatient treatment or outpatient treatment at a hospital and time convenient to themselves.

Salary exchange

Salary exchange, originally known as Salary Sacrifice, it was a way in which an employee could give up an amount of salary in return for a non-cash benefit such as a pension contribution.

For more information on our services for businesses please complete our contact form or telephone our Stevenage office on 0333 241 3350.

Related services

RHG expert view

Ian Jenkins

If employees understand and appreciate the benefits provided for them, then their employer will benefit through the effects of improved retention rates and employee satisfaction.

Ian Jenkins APFS
Corporate Services Director


Richmond House Financial Services Limited (No 1842995) and Richmond House Investment Services Limited (No 01812617) are registered in England. Registered Address: Premier House, Argyle Way, Stevenage, Hertfordshire, SG1 2AD. VAT registration number 151 3296 28. RHG and the Richmond House Group are trading styles of both Richmond House Financial Services Limited and Richmond House Investment Services Limited, and RHG Investment Management is a trading style of Richmond House Investment Services Limited only. Both companies are separately authorised and regulated by the Financial Conduct Authority. The guidance and/or advice contained in this website is subject to the UK regulatory regime and is restricted to consumers based in the UK. The provision of advice to employers on Auto Enrolment is not a regulated activity. Further consumer advice is available from the Money Advice Service via this link www.moneyadviceservice.org.uk . The value of your investment can go down as well as up and you may get back less than you have invested.

Copyright Richmond House Group 2016