Helping reduce the burden of trusteeship
Trust based ‘Occupational’ pensions schemes come in all shapes and sizes; at Ernest Grant our advisers offer a variety of services to sponsoring employers and/or Trustees across the piste.
From 6 April 2015, Trustees of defined contribution (DC) schemes had to meet new requirements on governance standards, charge controls (subject to certain exceptions) and communicating about pension flexibilities. The requirements include:
Meeting the new requirements can be onerous and it is important that scheme Trustees understand what they need to do and report accordingly. From experience we have found a lack of clear direction from scheme advisers/consultants and this can lead to issues such as:
We believe in clear outcomes for our clients and where needed we work alongside trusted professionals to deliver high standards across all aspects of service. We aim to make sure we provide clarity of advice.
Our workplace pensions team specialise in the following:
In a very competitive market place, our aim is to offer an exciting and innovative benefits package to help attract and retain the best employees. The introduction of the Ernest Grant online benefits platform has been a huge success for us in many ways. The benefits platform has had a large and positive impact on employee engagement with an overall increase in membership of our schemes. The ongoing management of the platform and employee support continues with same high standards and enthusiasm we have come to expect from our account manager and the team.
We help scheme Trustees through a defined investment process and detailed strategic review of existing scheme investments and principals.
We have developed a range of solutions to help take the burden of automatic enrolment away from employers. Our cost effective solutions suit employers of all shapes and sizes.
We can help you tailor a package of communications to suit your requirements and the demographic within your workforce. The overall aim is to drive employee engagement and understanding.