Companies failing to use advisers for employee benefits - Denplan


Only 56% of companies procuring staff benefits use a broker, yet 90% of those who do think it is money well spent, Denplan has found.

The dental cash plan provider's 2011 benefits survey of 600 employee benefit decision makers and 3,106 UK adults, found only 34% of companies see the importance of using a broker to impart expertise that was not available from within the company. In general, the cost of engaging a broker was viewed as the main barrier (30% of companies overall) but 21% of companies didn't feel they understood the benefit of using a broker, suggesting that further education is required. The most valued service a broker brought to the table is negotiating power (30%), a service that increased in value a...

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