We started with a look at expected business growth and gained a clear understanding of the financial pension commitment that the business wanted to make. We spoke directly to each employee to see how they perceived the current arrangement and what changes they would like to see.
Our review of the existing scheme revealed it to be expensive and below industry standards in client reporting and online functionality, which is a must for modern pension schemes. We outlined the requirements for a new scheme and tendered this to the entire market, securing favourable terms with a number of pension providers, providing our client with choice.
Once a preferred arrangement had been secured, our experienced team managed the entire pension scheme change, from the old provider to the new. We advised each employee on an individual basis, ensuring they completely understood their options and the overall benefits.
Canter Holland is providing on-going administration of the scheme, ensuring that current legislation is adhered to.