Corporate Financial Services
As a trust based scheme, when first established, a trust deed is prepared which sets out the terms of the scheme and a board of trustees is appointed to maintain responsibility for scheme management, administration and investment
With DC schemes, the eventual pension benefits for members is dependant on the amount and timing of contributions paid, the investments performance of the underlying funds, charges levied on the fund and annuity rates when benefits are drawn.
A benefit of these schemes for employers is that the cost of contributions is known and can be managed. It is therefore the employee who is at a disadvantage since they have no certainty as to the amount of pension income they can expect when they retire. They also bear all of the investment risk and remain responsible for making investment decisions regarding their fund.
For more information on our DC scheme services, please contact us or request a call back.
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