Auto-Enrolment legislation means every UK Company will be required to provide a Qualifying Pension Scheme but these are unlikely to be the only changes to pension legislation in the future. As such it has never been so important to not only have the correct Company Pension strategy in place now but also benefit from an on-going review service.
Our service has been designed to ensure your Company pension arrangements are appropriate for all of your employees both now and in the future.
After an initial consultation we will carry out a formal market review and benchmarking exercise to determine the most suitable pension scheme type and provider for your business and your employees. This includes looking at any current arrangements to ensure they remain competitive in today’s market place.
A scheme review will cover the following areas to ensure you continue to offer a market leading pension plan for all staff:
- Scheme Governance
- Existing Scheme Structure
- Existing Scheme Performance
- New Legislation that may impact the employer and/or employee
- Salary Sacrifice
- Scheme Communication
Upon completion of the scheme review we will make our recommendations for your future pension strategy.
All of the above can help a scheme achieve the NAPF Pension Quality Mark (PQM) which recognises high quality defined contribution (DC) pension schemes. The PQM is designed to raise confidence in workplace pensions and help employers demonstrate the value of their scheme to current and future employees.
We can also provide support and advice in this area.