Pension administration review
We provide a unique service to employers and Scheme trustees whereby we independently review and report on the administration of the company's occupational pension scheme.
Our review consists of:
- Compliance health-check – an audit of the scheme documentation to certify full compliance with the Disclosure of Information requirements of the Pension Act
- Scheme health-check - an audit of administration procedures to establish best practice and assure records are correct
- Advice regarding insourcing/outsourcing pensions administration function - review of current systems/procedures/personnel with a view to meeting future services and legislative requirements
- Benchmarking of cost and performance standards in scheme administration
Communication
It is vital that your employees fully understand and appreciate the value of the benefits provided by their pension scheme. Proper communication of the scheme and its benefits can be an effective aid in assisting in the recruitment and retention of key employees.
We provide assistance to employers and Scheme trustees in pension communications so that your scheme provides:
- Clear & concise member booklets
- Annual benefit statements that illustrate the value of existing and future benefits
- Group presentations addressing investment performance/scheme benefits/legislative changes
- Dealing with individual member queries
- Internet and intranet communication with members
