Pension Schemes
With public awareness of retirement planning increasing and with the burden of changing legislation for employers, the company pension is becoming more important to both employees and employers.
Our specialist consultants can provide a full review of current schemes to highlight any issues, such as:
Trustee Roles and Responsibilities - Efficient running, record keeping and member protection
Trustee Knowledge and Understanding - Ongoing updates to trustees
Scheme Documentation and Design - Is your scheme out of date?
Cost of Running - Is it cost effective to continue?
Legislation - Are you up to date with current legislative changes and how they may affect you, your employees and the running of your business?
Trustee Reporting Procedures - Annual reports and the communication of any breaches in law.
Scheme Specific Funding Requirements - Recognition of risks to members whilst taking account of what is reasonably affordable for employers
Compliance - Interaction and reporting with The Pensions Regulator
We can also advise on new scheme set up to fall in line with current legislation. Our size and standing in the market allows us to obtain preferential scheme charges with most of the main pension providers, increasing the benefit to employees.
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