Defined contribution pension schemes come with employer responsibilities.
Contract-based defined contribution schemes offer a lighter administrative burden, compared to trust-based or defined benefit alternatives. However, employers still need to make sure the scheme is well run and that members receive good quality pensions.
We can help you set up a governance committee to monitor performance over time. This is the best way to make sure that your pension scheme is well managed and supported, with:
We make available our most knowledgeable pension professionals to provide the day-to-day support and advice your scheme needs. Our experienced advisers will also bring to your attention any new developments affecting the plan. We use our industry expertise to spot, and avoid, any potential problems before they arise.
We work to keep our costs low by using information available from your pension provider, such as governance reports and investment factsheets. We complement this information with practical and pragmatic advice from our consultants.
Need help with your pension scheme governance? Get in touch with us today.
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Hachette UK, one of the UK’s largest publishing groups, turned to First Actuarial to help improve staff engagement with pensions.
“One of the things I like about First Actuarial is that they’re very responsive. You never have to chase them for anything. They’re pragmatic and cost-effective.”
The RSPB was determined to minimise the impact of its new defined contribution scheme on employees, and appointed First Actuarial to support the transition and select a provider with strong ethical values.
“I would definitely recommend working with First Actuarial. Their consultants went over and above the call of duty to make sure the project progressed smoothly.”
Taking responsibility for care services previously provided by a local authority, Bolton Cares turned to First Actuarial for help in setting up a competitive and affordable DC pension scheme for its staff.
“They’ve been really helpful and professional throughout the project, and we’ll use them again if we need specialist advice.”