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The recovering economy and jobs market brought with it a demand from leasing companies to offer salary sacrifice as a way of enticing employees.
Some of the largest leasing companies in the UK saw a lot of growth from this area of the business, but Arval is yet to launch its own product.This will change in Q1 next year.
Arval MD Benoit Dilly states Arval needed time to launch the right product.
"Salary sacrifice is a fast-growing market and we've been working at introducing a product for the last nine months," he says.
"We will start with our existing customers. There is always a problem with being one of the last companies to offer it because [it's already established]. However, it can also be a plus because you have time to listen to customers and do research on what your competitors are offering and build something which is better than what the market is offering.
"What we are preparing for Q1 will be the market leader for salary sacrifice," he concludes.
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