Rewards & benefits

We’ll offer you a competitive base salary to get you started, but we’re not done there. We offer lots of other benefits that make up your total package

Compensation & retirement benefits

Annual Incentive Plan (AIP)

Our Annual Incentive Plan (AIP) is a discretionary scheme that runs from January to December. It provides colleagues with an opportunity to share in Standard Life's success and rewards and recognises their contribution. When colleagues join part way through the year, the incentive will be pro-rata. We'll talk you through how this works during the recruitment process.
Pension

Standard Life will contribute 10% of your salary into your pension each month. There is a default 2% employee contribution, however you can change this when you join via our benefits platform. Standard Life will match your contributions up to 2% and will also enhance any Salary Sacrifice contributions you make by 10%, meaning you could receive 14.2% whilst only contributing 2% yourself. We also offer you support when you're approaching retirement.

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38 days
Annual leave per year, including bank holidays

10%
Minimum pension contribution

12x
Salary life assurance

Leave

: This includes bank holidays, and you have the choice to work a bank holiday and take the day elsewhere (with the exception of Christmas, Boxing Day and New Year's Day). You can also buy up to 5 additional days per year.
: Haven't seen the world yet? Still planning to complete that qualification or life-changing experience? After your initial settling in period, you can take an unpaid career break for 1-12 months.
: All colleagues receive 10 days of paid and 5 days of unpaid carers leave per year. We also offer 18 weeks unpaid parental leave after one year's continuous service.
: To help our colleagues deal with an unexpected or immediate responsibility for a dependant, as well as Compassionate Leave and Parental Bereavement Leave to support colleagues through the injury, illness or death.

Core benefits

: You will be automatically added to the private medical scheme when you start with us and you’ll also have the option to add a partner and/or children to your policy. We recently added some new benefits via BUPA including fertility support (e.g. £15,000 towards IVF treatment), assessments for neurodiverse conditions and access to a menopause GP.
: Protection is automatically provided at 50% of your salary, providing you with reassurance that you’ll be covered in the circumstance that you’re unable to work. This is provided up to state pension age.
: You can choose to participate in our Share Incentive Plan or Sharesave scheme. Both options allow you to share in the success of Phoenix Group. Our life assurance pays out a tax-free lump sum payment to your beneficiaries in the event of your death while working for Phoenix. Company cover is provided at 12x your insurable salary.
: At Phoenix, representation is a constant companion on your professional journey. From your first day to your future ambitions, you’ll have access to support from our award-winning Phoenix Colleague Representation Forum (PCRF). Whether you're navigating new opportunities or facing challenges, PCRF is here to ensure your voice is heard and that everyone is treated fairly and with respect in the workplace.

Family friendly

: All colleagues expecting to give birth (including surrogacy) or designated the primary adopter can take up to 52 weeks leave with 26 weeks paid, 13 weeks on statutory pay and 13 weeks at zero pay. The non-birthing parent is entitled to 26 weeks paid leave.
: Paid time off for expectant parents to attend antenatal or adoption appointments. Ten days paid leave to undergo fertility treatment or to attend these appointments with a spouse or partner.
: Back to work coaching and support, and the option for new parents to phase their return to work over two months, working a minimum of 60% of hours in the first month and 80% in the second, for 100% of your pay.
: Up to 12 weeks of paid leave to support parents whose child requires neonatal care when they are born, added to the end of their family leave.

Flexible benefits

: Childcare vouchers, financial coaching, Workplace Isa with Cushon, Reward Gateway for employee discounts and savings.
: Critical illness cover, Spouse/partner life assurance, personal accident insurance, travel insurance, Rac Travel Care, Power of Attorney and will writing.
: Cycle to Work scheme, dental insurance, GymFlex, and health assessments.
: Dining club, electric vehicle scheme holiday buy/sell, technology discounts, Kids Pass and employee discounts through Reward Gateway.

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We are proud to offer a range of benefits. We are continually reviewing our offering and so some may be subject to change, eligibility criteria, require an employee contribution or be prorated if you join us on a part-time basis. Please note that some benefits differ for colleagues based in Ireland. Full details will be found in your employment contract and in the relevant policies upon joining us.

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Flexible working

Our approach to flexible working offers everyone the best possible experience and balance between work and personal lives.
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Rewards & benefits

Compensation & retirement benefits

Annual Incentive Plan (AIP)

Pension

id

Leave

38 days annual leave

1-12 month career breaks

10 days paid carers leave

Emergency leave

Core benefits

Private medical cover

Group income protection

Share schemes and Life assurance

Representation throughout your career

Family friendly

Parental leave

For soon to be parents

Return to work

Neonatal care

Flexible benefits

Managing your money

Staying protected

Keeping healthy

Having fun

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Discover more

Flexible working

Search jobs

Talk to us