Prudential

Prudential

About Us

Prudential is one of the largest and most successful insurance companies in the world with a proud history stretching back over 160 years. In the UK, we are an acknowledged leader in helping people save for and enjoy income in retirement. Our key products are pensions, investments, annuities (retirement income) and life assurance.

Prudential Employee Benefits

At Prudential, we believe that pay should be linked to performance, and that employees who excel should achieve higher rewards. We offer a comprehensive reward package that is both competitive and flexible.

Salary and bonus

We believe that your contribution to the success of the business should be reflected in your pay, both fixed and variable. The annual salary and bonus review is an opportunity to maintain a competitive pay by aligning it to the market and to also reward your contribution.

Flexible benefits

PruChoice is a flexible benefits plan which enables you to select the benefits that are most suitable for you. You will receive a 'flex fund' equivalent to 5% of your salary on joining, which you can use to select an appropriate benefits package for you and your family. This is in addition to your 20 days core holiday, and public holiday entitlement. You can also select from the range of benefits below, and depending on your holiday choice this may be covered by your flex fund, or from salary:

* Childcare vouchers.
* Critical illness insurance.
* Cycle to work scheme.
* Dental cover.
* Healthcare Assessment.
* Healthcare cash plan.
* Holiday entitlement - you can choose to buy up to 13 days a year (in addition to your 20 days core holiday and eight statutory holidays).
* Holiday vouchers.
* Leisure vouchers.
* Leisure travel insurance
* Life Assurance for my partner
* Personal accident insurance.
* Private medical insurance.
* Retail vouchers.

Other benefits

* Public transport - get an interest-free season ticket loan that you can re-pay through your salary over one year.
* A company car may be available for certain roles/levels.

Employee share purchase plans

Employees have the opportunity to become a stakeholder in Prudential through the Save As You Earn (SAYE) scheme, and the Share Incentive Plan (SIP).

Retirement savings and life insurance

As members, employees will start to build up a pension from their first day of employment and will be covered for lump sum and pension death benefits.
* 'DC Section' - our Defined Contribution Pension Scheme (also known as a Money Purchase Scheme) offers core credits that are made by the company at 6% of your base salary.
* Employees are given the option to add their own contributions, and receive matching contributions - up to an additional 6% - by the company.
* This means that if an employee contributes 6% in addition to the core credits, they will have a monthly contribution of 18%.

Full scheme details can be seen at www.prudentialstaffps.co.uk.

Learning and development

Career progression We work in a highly competitive industry and rely on everyone in the business working to their full potential. We want to help you achieve this by setting goals, providing feedback and support, and linking pay to performance.

The performance management process explains the standards of performance and behaviour we expect from you. It also allows us to identify the learning and development you need. We believe this helps the business succeed in a competitive marketplace and helps make your job more rewarding.

Learning and development opportunities

Everyone has the opportunity to get the help and support they need to actively manage their careers at Prudential. This could be through attending development programmes or taking on projects or roles that stretch them to achieve their full potential.

Investing in the development of our people supports our ambition to become a high performing organisation and to be leaders in retirement. You will be positively encouraged to manage your own development through our online learning management system, Learning Space, and will be given every opportunity to fulfil your potential.

There are more than 3,500 different learning modules in Learning Space. Our development framework provides everything from regulatory training, functional technical development, Business Skills programmes, to management and leadership development.


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