Nationwide adds income protection and critical illness to flexible benefits scheme
Thu, 04 Nov 2010
Nationwide Building Society has announced it is adding new healthcare and group risk benefits to its flexible benefits scheme and will be extending the coverage of some of its existing perks.

The bank, which employs over 16,000 staff, has added income protection, critical illness insurance, private medical insurance, wellness assessments, life cover and personal accident insurance, gym membership and dependant's pension to flex.

Existing flex benefits that have been refined include car parking offered via salary sacrifice, which has been extended to its London site. Also, the amount of holiday staff can buy and sell each year has been increased to two weeks from the previous one week.

Rosemary Crabb, flexible benefits manager at Nationwide, said: "We have an annual take-up of around 43 per cent, which is healthy. By introducing new products from Aviva, Bupa, Legal and General, and Simplyhealth alongside established options, we believe our flex offering is one of the largest in the UK."
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