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Premier Pensions Management can work on a specific short term assignment and/or work with you in the long term management of your pension plan.
Short term assignments
1 Pension plan design
- Defined Benefit v Defined Contribution v Contract Based or something completely different. What best meets your needs?
- Advice on the impact of retaining or changing your organisation's benefit provision.
- New designs taking account of current and prospective legislation, contemporary thinking, and the Company /employee needs
2 Pension scheme audit
- Assessment of your current pension provision in comparison with the marketplace, raising relevant questions
- Identifying changes to make the best of current and potential future UK legislation
3 Review of advisers
- Are your advisers the right ones for your Company size and structure and the type of pension plan you have?
- Are you obtaining value for money? Do you have performance standards and fee budgets in place which are reviewed regularly?
- Premier Pensions Management can review: Actuaries, Administrators, Auditors, Investment Consultants and Legal advisers
4 Administration services review
- If using a third party we can review their processes, performance against standards, budgets and introduce a monitoring process
- If in-house we can review the department's resources, ways of working, performance and costs
- Review of data and data management procedures
5 To provide actuarial advice
- Act as Scheme Actuary
- Provide accounting costs
- Financing of plans
6 Mergers and acquisitions
- Many companies evolve over time and will include mergers of strategic businesses. Pension provision will be a major part of the success of such corporate transactions; Premier Pensions Management can help you make sure you get the right advice to suit your present and future business structure
7 Wind up of pension plans
- Project management
- Funding, investment and regulatory issues
- Communication with members
- Buying out of Benefits
8 Training
- Premier Pensions Management can provide training for:
- Trustees
- Company Management
- In-house administrators
All courses will be specifically tailored to your requirements, incorporating the latest requirements of The Pensions Regulator
9 Cover
- Cover for absence of Pensions Manager or Pension Administrator(s)
- Our staff can be seconded from Premier Pensions Management to your office to fill short-term vacancies
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