View more on these topics

Two MX packages simplify sourcing of staff benefits

MX Financial Solutions is offering two new employee benefits packages, MX Flex and MX Select.

MX Select allows employees to choose from a range of benefits with leading providers. Under MX Flex, employees can pick from a range of benefits paid for from an allowance allocated by the employer.

Benefits available under MX Select include PHI, dental cover, life insurance, car and home insurance, savings, investments and independent financial advice, as well as shopping vouchers and wine offers.

There is also a “compare and buy” service which allows employees to find the best deal on personal finance products including mortgages, personal loans, credit cards and bank accounts. Research by the group indicates this service alone can save the client an average of £1,800 a year.

The package aims to provide a low-cost way for employers to enhance employee benefits with minimum administration and a high level of flexibility.

MX Select will be launched later this month, with MX Flex following before the end of the year. The two packages will be available separately or as a combined package.

Corporate director Chris Metz: “Many employers are finding existing benefit schemes costly and time-consuming to source and administer. Also, they are keen to offer their employees flexibility and choice. Our new schemes meet these needs.”

Recommended

Platform unveiled as new name for Britannia&#39s intermediary business

Platform has been unveiled as the brand name for Britannia Building Society&#39s new intermediary business following the merger of its Platform Home Loans and Verso divisions. The new brand offering prime to non-conforming products launches in January next year, and until then it will be business as usual for both divisions. Britannia says the Platform […]

A new approach to PI insurance

In view of the near inability for small IFA firms to get a renewal – even those with no claims in the last five years and none pending – is it not time the PI insurance mandatory requirement was abolished?If abolition is an abhorrence to the FSA and the loquacious Consumers&#39 Association, I would prefer […]

Lawyer says FSA failed to act on split-cap alert

The FSA may be guilty of gross negligence for not heeding warnings passed to it from the Guernsey financial regulator over split-cap investment trusts, according to Class Law Solicitors partner Stephen Alexander.Testifying before the Treasury select committee this week, Alexander said there may be evidence that the regulator was in possession of information pointing to […]

Read all about it…

The Diary does not make a habit of publishing articles from rival newspapers but sometimes stories are just too important and, well, illuminating to let petty differences stand in the way.Flicking through the protection supplement of another trade pink last week, we were astonished to read that industry experts are predicting that “the ageing population […]

Time to stop the salami slicing on tax relief

Steve Webb  – Director of Policy and External Communications As the Autumn Statement approaches, Steve Webb calls for the Government to stop tinkering with tax relief. Twice a year, in the run-up to the Spring Budget and the Autumn Statement, we face a torrent of speculation as to what changes the Chancellor might make to […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com