Pension Scheme Websites
Pension Schemes can be a significant source of cost and risk for employers. Employers
will continue to support their schemes whilst they perceive that the gains they
receive from employee recruitment and retention outweighs the cost and risk of offering
the scheme. It is therefore vital that schemes are
communicated properly to members so that they understand the value being
offered to them.
We have a great deal of experience in producing pension scheme websites setting
out scheme benefits and allowing all relevant members communications to be made
available. This can be as a public resource or require members to register for access
and be verified against our administration system.
The websites are also used to store all the trust documentation and trustee papers
in one secure location. Trustees have found this an invaluable resource as all documents
are easy to find and available from anywhere with an internet connection. This means
there is no need to lug papers around from place to place and helps to ensure good
governance.
Substantial value can be added to scheme websites by adding benefit
modellers or online access to the data held on our administration system.
Members can then get immediate answers to their queries and instant quotations.
This can reduce the number and costs of transactions as well as providing a service
to members that they will value.
Examples of pension scheme websites we have put together are:
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Unite Amicus Section Pension Scheme
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Pearl Group Staff Pension Scheme
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In addition to scheme websites we can also offer a lower cost alternative by setting
up a secure area of this website. For information on this see the
Client Area.
For more information on pension scheme websites please
contact your local First Actuarial office.