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Flexible Rights Plan Needs Careful Thought – says Suffolk-based risk broker

COMPANIES across the UK are now left wondering just what impact they will feel from any extension to flexible working rights, says a leading corporate risk broker.

Alliance Corporate Risk Management, which has offices in both Suffolk and London, handles a large number of businesses at a crucial stage in their growth and development – who may now feel vulnerable in the wake of ideas sited in this week’s Queen’s Speech.

In the speech, made on Tuesday, it was announced that an inquiry would take place into the possibility of extending flexible working rights from those for parents with children under six, to those with children under nine, 12, or even 17.

John McLaren-Stewart, Chief Executive of the leading corporate risk broker, commented: “Issues like this will doubtless make some companies sit up and think about the impact it may have on them.

“Where companies are at a stage of growing and investing, this may make them concerned about how many staff will now fall into that bracket and will be eligible for less rigid workplace frameworks.”

Alliance Corporate Risk Management is one of the country’s top corporate risk brokers for growing businesses and operates from Bury St Edmunds alongside its parent company, Towergate Risk Solutions.

Mr McLaren-Stewart added: “An issue such as this is just one of the many factors which business bosses have to deal with on a daily basis, which is why we are always looking carefully at the services we deliver and the way that we can help companies assess their risks or liabilities.

“My hope is that the inquiry will take a very careful assessment of the way in which new legislation will impact on businesses and will reach its conclusions based on the best result for both employers and employees.”

Notes

For more information on business risk assessment, contact your account manager or email dominic.roe@allianceweb.co.uk



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Alliance Insurance Management Limited is authorised and regulated by the Financial Services Authority.
Our Firm Reference Number entered on the FSA Register is 310200.