Corporate Financial Services
Deciding upon a workplace pension structure which best suits your business is likely to depend on a number of factors, such as your business sector, company profile and paternalistic views, not to mention budget.
When it comes to design, it can be as simple or sophisticated as you want it to be. What is important is that the structure fits well with the expectations of your employees at all levels.
A basic one size fits all scheme may suit, however providing certain groups of employees' access to more sophisticated and active investment management may require a multi-layered scheme approach.
Many private sector employers already operate workplace pension savings in the form of Stakeholder and Group Personal Pensions. Compared to the proposed NEST scheme, these arrangements will typically offer more funds choice and greater flexibility in terms of contribution rates and portability.
Whilst Stakeholder and Group Personal Pensions may meet the needs of many individuals, those working in professional practices, senior management or highly paid roles will seek arrangements that offer more investment choice and active management.
Employers can now address these needs by establishing a Group SIPP arrangement supported by active investment management through managed portfolios or bespoke investment management. These approaches give employees easy access to passive or active investment approaches with discretionary management.
For more information on our SIPP services, please contact us or request a call back.
Make an enquiry
