Corporate clients: the value of your staff
Company pension schemes
Providing pension scheme arrangements for staff is regarded as a primary employee benefit, which offers valuable tax planning opportunities.
However, offering a pension scheme can be extremely time consuming for a business and, due to ever changing pension's legislation, creates the need for on-going advice.
It is important that the pension scheme is suitable and cost effective irrespective of the size or type of employer and its employees. If not provided with the right advice and regularily reviewed, many companies may find that changes in pension legislation, together with the development of the pensions market as a whole, can result in poor value whilst remaining an expensive cost on the balance sheet and reducing company profitability. In the event of a merger or acquisition it is imperative to seek advice to consider the financial implications of inheriting an existing pension scheme, which may result in complicated and expensive solutions.
Poor investment returns and certain articles in the Press over recent years have reduced the confidence in pensions and it is very important that employers and employees receive advice that is relevant and affordable.
The services we provide include:
- Pension Review - We will analise the employer's needs and take into account any existing pension schemes, plus report on the options available for the future.
- Scheme Design - We will offer guidance on the style of pension arrangement, funding level and investment opportunities available.
- Commentary - We will advise you on any changes in pension legislation and other relevant legislation for both employers and employees.
- Scheme Closure/Discontinuance - We will provide you with a resolution on schemes where winding-up is a possibility or if the process has already commenced. The trustee responsibilities and reporting requirements have become ever more onerous and we can offer advice relating to this area.
- Investment Planning - We will advise trustees on the investment strategies necessary to meet the scheme's objectives and liabilities, including the monitoring of funds and fund managers.
- Retirement Planning - We will guide employees through a crucial time in their life to ensure the most appropriate options are considered.
- Pension Clinics - We will offer on site one-to-one meetings to discuss and promote with employees their pension scheme and any auxiliary benefits offered by the employer.
click here to find out how Argentis Financial Management Ltd can provide expert advice with these issues.
