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Why employers need help with their pension scheme.

Background

Following the removal of commission payments to IFA’s on pension schemes, employers have often been left to manage the schemes themselves.

The Problem

Previously IFA’s were keen to sign up new members to the scheme, manage transfers etc to maximise their commission earnings. There was little or no focus on supporting the employer.

With employers now faced with contribution increases and managing re-enrolment their need for support is ever increasing at a time when the pensions regulator is become more pro-active. Some providers offer basic support but often the employer needs advice. Some of the issues employers need help with include; We run two schemes, which one is best? How do I set up Salary sacrifice?, Have I complied with all the auto enrolment rules? I want to communicate to our staff but don’t want to appear to give them advice?

Conclusion

Any advisory firm operating in the Workplace market will be able to support the employer and help answer these questions as well as providing ongoing support with Workplace pensions and other employee benefits. Tim Gillingham, Managing Director
Tim Gillingham | Managing Director | 26th February 2019

sample-image Tim spends his time either advising on employers' benefit schemes or working with trustees of cccupational pension schemes helping them comply with increasing regulation and deficits. He also helps providers develop their propositions for the new workplace market and distributors take advantage of the opportunities.

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Contact Info

Where to Find Us

Benefiz Ltd
Whinfield House, Exton
Devon, EX3 OPZ

Email Us At

enquiries@benefiz.co.uk

Call Us At

+44(0) 7772 423 335

We're open Monday to Friday 9.00am to 5.30pm. If we're not in when you call, please leave a message and we'll get back to you as soon as we can.