Case Study: Charity A

The Brief:

The Harding Hub were approached by a charity looking to find a way to financially sustain their current benefits package, under a time of immense financial pressure.

They were considering the possibility of having to terminate their healthcare insurance, unless they were able to reduce their costs significantly.

What we did for Charity A…

Through reviewing their wider pensions and benefits package as a whole, the Harding Hub were able to propose the following:

-Adjustments to their existing pension arrangements, which resulted in a saving of £6,000 per annum.
-A new healthcare provider, offering a reduced premium, with improved coverage due to our negotiation power and panel of insurers.
-Implementation of an additional Life Insurance Policy for all employees costing £1,200 per annum.

The charity secured a net saving of c£4,800 per annum which it could reinvest back into the organisation, bolstering financial security, without removing benefits. The Charity actually improved their overall benefits as a result.

Case Study: Retail Company B

The Brief:

The Harding Hub were approached by a retail business wanting to improve their company pension scheme, and move away from Nest. There were no other employee benefits offered, and the company wanted to improve their package, engage their team and minimise attrition.

What we did for Company B…

Through reviewing their pension, the Harding Hub were able to propose the following:

-Adjustments to their existing pension arrangements, which resulted in a saving of £8,000 per annum. 
-Implementation of a Life Insurance Policy for all employees for £1,100 per annum.
-Implementation a Health Cash Plan for all employees for £2,600 per annum.
-Took over the outsourced administration of their pension, reducing internal workload and improving regulatory compliance, £3,100 per annum.

The company implemented a range of benefits, and improved their pension scheme, without increasing their annual costs. In addition they were able to outsource their pension administration to our expert team, also saving them time, and improving their risk and compliance controls.

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