A scheme review is a good way of making sure that your plan is delivering the best possible results, it is an effective way of making sure that your pension plan delivers the best possible outcomes for both the employer and the employee.
The Pension Regulator is keen for employers to maintain effective oversight of their workplace pensions, and has produced various publications outlining good member outcomes.
The Pensions Regulator identifies specific areas of focus, including:
- Value for money
- Suitable default investment solution
- Pension provider performance
- Timely and accurate contributions
- Member Engagement
In addition to the above legislative requirements, an ever increasing emphasis is being placed on the following subject:
- Environmental & Social Governance
- Gender Pension Gap reporting
How a pension fits into a client’s wider Financial Wellbeing strategy
Gallagher will provide you with a confidential report that will assess whether your scheme is meeting your objectives, compliant with legislation, that is remains competitive, how are ESG considerations being allowed for and how it benchmarks within your industry sector. Gallagher will also look to highlight the key considerations and changes that you can make to improve member engagement and future proof this much valued benefit.
The summary will be shared and discussed with you in a call or virtual meeting by our specialist pension consultants.
Please note this free service is limited in scope to Defined Contributions (DC) contract based Pension schemes.
Should you wish to explore this offer further, please contact Ben Wright on +44 (0)20 7234 4213.