Corporate
Pension Services
No area of employee benefits planning and administration can have caused more headaches in recent years than pensions. Changes in legislation, notably Pension and Simplification and Age Discrimination, the challenges of transition from Defined Benefits to Defined Contributions all require careful consideration. It may not be possible to avoid these issues but with the right advice and planning - their effects can be more cost-effectively contained.
Pension Reviews
The operation of company pension schemes remains complex despite significant legislative changes and both employers and trustees are more reliant on tailored solutions, quality advice and trustee training. However, the good news is that in an evolving market with new solutions and technology coming to the fore. A comprehensive pension review can ensure that your scheme is structured to address the challenges and ensure that you take advantage of the latest developments. Our Pension Review is wide ranging in scope and thorough in approach. There are 5 stages:
- Stage 1 Analysis of your company and its needs utilising staff survey
- Stage 2 Review of existing benefits
- Stage 3 Report on your options
- Stage 4 Discussion and implementation
- Stage 5 Monitoring, review and communication
Transition from Final Salary to Money Purchase
For many companies it is less a question of "if" they should migrate from a Defined Benefits scheme to a Defined Contributions scheme, than "when" and "how". With high levels of media interest in this subject, it is vital that the transition is smooth, seen to be as fair as possible and to have been carefully considered and implemented. The arrangements themselves are therefore only half the equation, the other half being the highest standards of employee communication, to ease the process.
Strategy