Pensions review
Putting in place the right pension solution is one of the most important and difficult tasks faced by any employer.
Important, because staff often regard their company pension scheme as the core benefit after salary. Difficult, because many argue that layer after layer of legislation has only added further confusion and uncertainty, despite changes implemented on the 6th April 2006 which attempted to simplify pension rules - getting things wrong can be costly and time-consuming to put right.
None of this is helped by a poor track-record of negative publicity related to pensions, making employees more sceptical of investing in company schemes and creating doubt and confusion in the minds of employers who want to provide value for money and security in old age for their staff.
Our consultative approach is designed to help employers assess their company's needs and target the right solution for the business and the staff. We look at the whole picture, not just a "quick fix" solution, and our consultants offer an on-going service that covers areas including:
Pension review - looking at the current situation and the best options available to the company.
Scheme design - guidance on design, funding and communication to staff.
Proactive commentary - on-going advice on the implications of legislation and changes to pensions law.
Scheme discontinuance - specialist advice on winding up schemes, including the demands such a process puts on scheme trustees in dealing with the regulations and reporting requirements.
Investment consultancy - advice to trustees on appropriate strategies to meet the investment and funding objectives and liabilities, including monitoring of funds and fund manager performance.
