Areas of Practice

Workplace Pensions

The marketplace for workplace schemes continues to change and evolve as providers seek to gain assets. We would expect to see further consolidation over the next 5 years in addition to this, however problematic it is to combine schemes in reality (large numbers of consumers are potentially left in the background). We want employers to be able to ask the right questions and understand the market (with our help obviously). We believe the only way to do this is to provide an overview of the entire market each year.

Wider Benefits

We can provide a service to review the other benefits in place and re-broke these if necessary to reduce premium cost. On some occasions, due to the premium level, the amount of commission generated will pay for the annual pension service at no extra cost to the employer.

It’s always worth looking at the premium level and what level of service being provided.

Financial Education/Wellbeing

Financial Education should really be the first benefit put in place by an employer for staff. There, we’ve said it……education breeds responsibility and a level of control about future planning. From understanding interest rates to compound investing which is what pensions thrive on.

Education might stop employees becoming indebted, or they may stay with an employer where they have their retirement goals met through the workplace. Ignorance won’t help either case.

Flexible, relevant education available 24/7 for employee’s would be the aim. Luckily we partner with a firm that delivers all of this simply and efficiently. Ask us to refer you to them and we will make the introduction.