JLT Benefit Solutions Ltd (JLT) plans to launch its own online benefits platform, JLT On Line, using its extensive industry expertise combined with the hiring of senior management from Orbit Benefits.
Duncan Howorth, Managing Director, JLT, says, "Our research has identified that clients will increasingly look for online communication and benefit management solutions in the future, with pensions and benefits following the way of insurance and banking in providing the online facilities to enable employees to maximise their options and objectives ".
JLT also announces that Jim Carlton, Charlie Carrick, Jennifer Yates, Nick Harris, Arun Deshpande, Neil Pickering and Pete Whittington, all senior individuals at Orbit Benefits have agreed to join JLT on expiry of their respective notice periods and have tendered resignations at Orbit, currently owned by AXA.
"We have very high ambitions for this new business and I am delighted that we have been able to hire what we regard as the leading individuals in the UK working in online benefits. Jim and his staff will lead this new business, adding to our already considerable in-house expertise in this area. We will now be able to offer new and existing clients what we believe will be market leading services and support. This business will be central to JLT's growth in Employee Benefits" added Duncan Howorth.
Through their ownership of Profund, JLT have the technical development capability to build the online platform and have, through this latest development, a management team to lead the business.
Duncan Howorth concludes, "Our platform will have two purposes; it will form the basis of an online benefits system through which we will deliver advice and procurement services as well as administration services; and secondly, technology that can be licensed and implemented into employer organisations and product providers.
We will be developing our platform for UK and international markets, enabling JLT offices around the world to develop Employee Benefits services using modern technology in line with JLT Group plans".
About JLT Benefit Solutions Limited
JLT Benefit Solutions Limited (JLT) is one of the UK's leading employee benefit providers offering a wide range of benefit and pension services, including administration, actuarial and pension consultancy, investment, wealth management, Self Invested Personal Pensions (SIPPs), Small Self Administered Schemes (SSASs) flexible benefits, healthcare, benefit communciation and financial education.
Authorised and regulated by the Financial Services Authority, JLT employs over 1000 professional staff in 11 offices in the UK with revenues of some £81.5m. JLT supplies the pension administration for over 1 million members, paying £750m in pensions every year. Through its Healthcare businesses JLT places cover for a ¼ million people each month.
Other pensions and employee benefits companies within the JLT group of companies include: Profund Solutions Limited, Independent Trustee Services Limited and Pension Capital Strategies Limited.
JLT Benefit Solutions Ltd is part of Jardine Lloyd Thompson Group plc. As well as being a major provider of employee benefits services and related consultancy advice the Jardine Lloyd Thompson Group of companies is a leading risk management adviser, insurance and reinsurance broker.
Jardine Lloyd Thompson Group plc is quoted on the London Stock Exchange and is the largest European-headquartered company providing these services and is one of the largest firms of its type in the world. It operates out of more than 100 offices in over 30 countries and employs more than 5000 personnel.