The world of pensions, and especially the world of the “final salary” scheme, has become increasingly complex over the last 40 years. What started out as a well-meaning attempt to deliver financially independent futures to work forces at a cost which seemed reasonable to the employer, whilst at the same time creating a structure to facilitate the replacement of older staff by younger, has developed with Government interference with benefit levels, financial incentives with commensurate obligations, and improving mortality into a financial monster which prevents the sale of businesses, forms a millstone around the necks of business leaders, and is a general headache for all. The total of pension deficits in the UK has now topped £700bn. Nevertheless, obligations still exist, the will to do right by scheme members still exists, and the minefield of regulation still needs to be navigated.
With over 40 years’ experience in all aspects of trusteeship, as trustees, as secretary to trustees, and as consultants, we offer:
|Independent and professional trustee and/or secretarial services to defined benefit occupational pension schemes to assist, or replace, existing groups of trustees seeking to share, or discharge, their personal responsibilities to their pension scheme members;
|Administration, record keeping, and insurance services to trustees who want to outsource the work involved in maintaining the delivery of an effective pension scheme to the membership; and
|A trustee compliance service to ensure that groups of trustees, who in the normal course of their activities might not be exposed to such a rigorous regime of regulation, avoid personal financial sanction from the Authorities.
For further information relating to our Trustee Services, or if you have any queries, then please contact Tony Durant or a member of our team on 0116 204 2988 or contact us using the form below.