Corporate Pensions
An analysis of existing staff benefits and schemes in the light of recent legislation. This will be carried out in the following stages:
An Initial Assessment
An overview of all of your existing employee benefits highlighting any implications of current legislation on your business and your staff members and key actions you should consider making now.
Purpose
To assess what impact changing legislation has had on your sponsored employee benefits schemes and a review of the adequacy of existing benefits.
Benefits to You
Knowing exactly what type of schemes you have and how the key benefits and future administration of these schemes have been affected can help you control what is one of your key employment benefits.
Analysis & Recommendations
A detailed report explaining the benefits and drawbacks of winding up and/or transferring existing schemes to simpler schemes taking into account the new reporting requirements and changes in contribution and benefit levels. The report will provide clear recommendations on just what to do next even if this is "stay where you are!" If you proceed with closure and/or transfer we will complete the paper work needed by your old and new scheme providers.
Purpose
To assess the benefits of closing or transferring your existing schemes and whether these benefits outweigh any drawbacks there may be. To complete the paperwork for any recommended moves and assist in the smooth transfer of your existing benefits from your old to your new provider.
Benefits to You
Reducing the administration of your schemes and taking advantage of the opportunities arising from current legislation can help provide better benefits for your employees, without worrying administration and record keeping.
Employer & Staff Support
A complete support package of training and education for employers, trustees, your scheme administrator and employees to ensure everyone understands what your sponsored schemes are all about, the changes in benefits and regulations and what their obligations are in running, managing and joining the scheme.
Purpose
To assist with the provision of trustee training, provide guidance on the role of the Scheme Administrator and the new reporting requirements and provide education and support for employees on the benefits of joining your sponsored schemes.
Benefits to You
The introduction of the new Scheme Administrator and requirements on trustees to undergo training to ensure they have a detailed knowledge and understanding of pension schemes can be time consuming for employers. Our support service takes away much of the new regulatory burden leaving you time to do what you do best.
Regular Advice
Being with you every step of the way to assist in the management of your schemes, including reviews, valuations, advice to new members and staff leavers, retirement options for retiring staff and assistance with administration requirements.
Purpose
To provide a detailed advice service keeping you and your staff up to date with your own schemes and any further changes in regulation, together with individual advice to ensure that the schemes continue to meet the changing needs of your employees.
Benefits to You
By working with you closely we can help as your staff work towards their retirement and even beyond. We also provide full independent advice on other areas of planning such as corporate protection and corporate investments.
