The solution
NFP undertook a full review of the client’s benefits spend, insurer pricing and risk structure to identify opportunities for sustainable savings.
Our process started by understanding the client’s needs and goals:
- Benchmarking administrative charges across comparable employers, identifying that the insurer’s margin was above market norms
- Negotiating a £48,000 reduction in the insurer’s administration fees based on the benchmark findings
- Moving to a single annual premium payment schedule, securing an additional £18,000 saving
- Working with the client to introduce a five year limited claim period on income protection, providing cost control while retaining core benefits
The results
For their business
£144,000 total saving across benefits
Delivered savings of approximately £144,000 across medical and risk benefits, enabling the organisation to remain within budget while maintaining its benefit offering.
More sustainable, future-proof benefit design
Implemented a structure that reduces exposure to the impact of single large claims and supports long-term cost stability.
Improved cost visibility and control
Provided greater transparency over insurer charges through detailed benchmarking and targeted negotiation.
For their people
Uninterrupted access to medical care
Ensured continued access to comprehensive medical treatment, with no disruption for employees receiving long-term care.
Income protection benefits preserved
Maintained income protection cover, safeguarding employees’ financial wellbeing during periods of ill health.
Reassurance of employer commitment
Reinforced employee confidence that the employer remains committed to delivering high-quality benefits while managing costs responsibly.