Company pension schemes have become increasingly important as the government introduces more and more legislation to ensure workers are financially secure in their retirement. Choosing the right scheme for your business means money will be spent wisely.
A number of different types of scheme are available and each has its own benefits and drawbacks.The Directors of the independent financial advisor we work with, Pareto Financial Planning, have over 20 years’ experience in advising companies in relation to employee pension plans. They explain the pros and cons of the different schemes available in a straightforward way, without using confusing and complicated industry jargon.
Their pension’s advice service includes:
- Analysis of costs
- Market research to ensure that schemes are comparable to those of competitors
- Company-wide or group presentations and one-to-one meetings with individual staff members to ensure everyone understands and appreciates the benefits of the scheme
- Ongoing support to administer the scheme, in an efficient way
- Regular updates on benefits and scheme-specific options.
People are living longer and as a result, the age at which staff retire is being pushed back. With more and more obligations being placed on companies in regard to their employees’ pensions – it’s never been more important for businesses to ensure they’re spending their money wisely and getting the most out of pension schemes. Every company is different. A pension scheme that may be great for one may not be good for another. So, make sure you get the right advice.