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27/02/2017
The rising cost of providing employees in law firms with private medical insurance (PMI) is a ‘major concern’, according to a joint survey from Portus Consulting and HR in Law. A third of the 128 law firms in the survey responded that they have made changes to PMI schemes due to cost concerns, according to the survey of core and voluntary benefits offered by employers in legal services. Financial education is moving up the benefits agenda, the survey also finds.
Dave Middleton, Portus CEO, said:
‘The survey also showed that firms are increasingly aware of the value of financial education and wellbeing, and recognising the importance of promoting better pensions engagement. For example, over 60% of legal 100 firms and US/global firms report that they have a strategy to target member contribution levels in their pension scheme.’