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Month: November 2020

23 November 2020

We hope that you, your family and your colleagues are well.

Please find attached our Q3 2020 Investment Round Up Newsletter.

Growth across the UK economy had faded after a record recovery over the summer, raising fears of a renewed contraction in the last three months of the year.

Data released showed that UK GDP expanded by 15.5.% in July-September, the fastest increase on record as the economy emerged from its spring shutdown. However, growth slowed during the summer, with GDP expanding by just 1.1% in September – weaker than economists expected. That followed 9.1% in June, 6.3% in July, and 2.2% in August.

The return of children to school boosted activity in the education sector. Housebuilding also continued to recover, while business strengthened for lawyers and accountants after a poor August.

However, pubs and restaurants saw less business, after the ‘eat out to help out’ scheme ended, and accommodation saw less business after a successful summer.

We continue to watch the markets and economy together with developments around the second lockdown measures easing.

Should you have any questions please do not hesitate to contact us.

16 November 2020

How can The Corinthian team support you and your employees?

We are living in unprecedented times and the impact of the Covid-19 pandemic means employees are facing an increasing number of challenges. That’s why we are providing increased support for those who are transitioning to a new job or leaving an old one.

We can help employees:

  1. 1.     Understand their new benefits/ or understand what benefits they will no longer have on leaving.

Providing company benefits is a great way to reinforce your employees’ sense of belonging and loyalty to the business, which can improve productivity and retention. There are a number of benefits your company might offer including cycle to work schemes, childcare vouchers, and lifestyle perks. However, if your employees don’t understand what benefits are available to them, they won’t be able to take advantage of them. Corinthian can help your employees understand their new benefits, so both you and your employees can make the most out of them.

  1. Discuss options of continuing some benefits including pension and private medical insurance when leaving.

When an employee decides to move on, they may be changing more than just their job. If they are currently benefitting from a certain pension plan or private medical insurance, they may be worried about losing this going forward. When someone leaves a company, they can continue receiving private medical insurance by choosing to take out individual cover with the same provider, taking out a completely new individual policy, or switching to a new company scheme. Corinthian can help your employees gain a better understanding about which plan might be most suitable for them, as well as providing expert advice on pension plans. 

  1. Provide pension options at leaving.

We know employees are busier than ever and pensions may not be their highest priority right now, but the right pension plan can increase an employee’s retirement pot by thousands of pounds. When someone changes jobs there are many options when it comes to their pension and Corinthian can help them reduce their pension charges and achieve better investment returns on their pension fund. One way this can be done is with a pension transfer.

  1. Provide an overview of the pension and benefits for new joiners including our pension transfer offering.

The average person will change jobs twelve times during their working life, which also means twelve different pension schemes. To avoid this, many people consider a pension transfer, which is the process of moving the value of their pension from one scheme to another. This can potentially help an individual reduce their pension charges and achieve better investment returns on their pension fund. Unfortunately, the process isn’t always simple. Corinthian can help your employees maximise the potential of their pension by reviewing the existing pension plans they are considering and providing expert advice to establish suitability of a pension transfer based on their risk tolerance. 

These are just a few of the ways Corinthian is supporting employees who are joining or leaving the companies we work for and we are always coming up with news ways to provide more help and support to you and your employees.  

As many of us are operating primarily remotely at the moment, we can offer a telephone call, or video Zoom & Teams meeting to interact with your employees. Please contact us at [email protected] Tel: 0845 2419541

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