Defined Benefit Pension Schemes
really solving the issues!
For most companies, a Defined Benefit Pension Scheme (also referred to as Final Salary) is now far more about liability management than about recruiting and retaining key staff
- We can offer help through a range of services which we know work.
- Developing an integrated plan to take your Final Salary scheme forward and reduce your liabilities
- Clearly defining what needs to be done to help reduce your deficits, costs and workload.
- Exploring different options for managing risk, and insuring against risk.
- Implementing and managing trustee training & pension scheme reviews
- Managing our range of ideas and recommendations to ensure a “best fit” for your business.
With many companies asking "what does the future hold for occupational pension schemes" it is important to have advisers who understand such schemes and the UK pension plan market outlook.
Your Final Salary scheme may be your largest financial problem
If your scheme is closed to new members and to accrual you have very different needs to when the scheme was the primary pension offering made by your company. Whether your scheme is open or closed you need to ensure that you are receiving the best advice on how to reduce your costs and control your pension deficit? We are familiar with all aspects of running a Final Salary scheme including planned programmes to wind up the scheme without reducing members benefit entitlements. We are knowledgeable on all aspects of investment of pension funds.
We do not need to be constrained by previous approaches and can often see a way forward that has not been suggested previously. Other pension consultancies – even independent pension trustees – may not always recommend the solutions which we offer because they could conflict with their core business model.
Using a range of possibilities we are ideally placed to service the SME market. We can offer help through a range of “bundled” management services, available through a number of leading insurance companies. We can show you a practical, straightforward and integrated solution that will meet your needs. Alongside the “what” and the “how” we will define a clear and detailed time table to achieve the required results.
Whatever range of ideas and recommendations we come up with they will be the right solutions for you and your business needs. We believe our Final Salary proposition is innovative, forward thinking and highly effective. We know we can make a difference to your business.