One in four employers have reduced their benefit costs by implementing a flexible benefits scheme, Mercer says.
The vast majority of businesses are unprepared to deal with the "protection time bomb" that closing or revising defined benefit schemes could create, research reveals.
Some 29% of companies have not changed their employee benefits during the recession despite the collapse in the "war for talent" due to unemployment, Aon says.
Aon Consulting says a client has been warned by the HM Revenue & Customs that its employee benefits trust scheme used for high earners could face immediate tax charges.
Iron Mountain has appointed Aon Consulting to develop and implement a flexible benefits programme for its UK employees.
Employers should be looking to get regular feedback from members to ensure flexible benefits packages remain relevant.
More than four out of 10 UK employers now give staff some form of choice in the benefits they receive, a Mercer statistics show.
Mercer has been hired to advise search engine giant Google on its employee benefits in the UK.
Corporate wraps could provide employers with an alternative to personal accounts for many firms, Friends Provident says.
UK - The deadline for entries to this year's Art of Pensions competition - run by Pendragon and supported by Professional Pensions - is approaching.