YOUR WELLBEING MATTERS
SUPPORTING YOUR FINANCIAL WELLBEING
WE UNDERSTAND AT VARIOUS STAGES OF YOUR WORKING LIFE YOU MAY FACE FINANCIAL WORRIES - WHETHER THAT IS DEALING WITH DEBT, CONCERNS OVER RETIREMENT OR MAKING MONEY SIMPLY WORK FOR YOU. HERE AT YUSEN, WE OFFER OUR COLLEAGUES A RANGE OF FINANCIAL SUPPORT AND GUIDANCE TO IMPROVE THEIR FINANCIAL WELLBEING.
CRITICAL ILLNESS COVER Critical illness cover is a benefit that aims to support you and your family during a difficult time in your life. It is provided to all colleagues, free of charge and is a benefit in kind. It provides a £10,000 lump sum payment upon diagnosis of a critical illness, as defined within the insurance policy. You also have the opportunity to purchase top up cover for yourself or your spouse/partner. ENHANCED SICK PAY We go further than our legal obligation to provide statutory sick pay and offer enhanced financial support in the form of occupational sick pay. Please refer to your contract of employment for further details and qualifying criteria. LIFE ASSURANCE COVER Yusen want to help you secure a safe financial future for your family. Life Assurance cover helps to give peace of mind that in the event of your death, your family will receive financial support. A lump sum payment will be made to your beneficiaries. The level of your benefit is detailed in your contract of employment. It is important that you complete and regularly update an Expression of Wish form to ensure, where legally possible, Trustees can direct the funds to your preferred beneficiaries in accordance with your wishes.
PENSION SCHEME Saving for your pension is important. Yusen provide a pension scheme into which you will be automatically enrolled through salary exchange. The way it works is that you make a contribution from your pay before tax is taken, helping you save money in a tax efficient way. Yusen will also make contributions on your behalf to help grow your savings even faster. At retirement, you choose to take your savings in a way that suits you. Please refer to your contract of employment for further details. FINANCIAL PLANNING & EDUCATION Yusen are committed to supporting colleagues’ financial wellbeing. We partner with Morrinsons Wealth who deliver bi-annual webinars on topics such as financial planning, mortgages, money protection, investments and retirement. In addition, you will be offered a one-to-one session, where you can address your specific financial concerns and receive tailored guidance, and advice, to help you make informed decisions about your financial future.
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