Multi-Employer Pension Scheme Advice

We work with employers who participate in multi-employer defined benefit schemes that provide benefits to some or all of their staff. Employers appreciate how these arrangements help to attract and retain staff but all face significant challenges that include: 

• Not having enough foresight of contribution requirements, seeing them change significantly with little warning;
• Facing the risk of future contributions becoming unaffordable and not knowing what can be done to reduce this risk;
• Employer boards lacking the expertise and resource to understand and react to the key issues and developments within their multi-employer defined benefit scheme;
• Being unable to challenge FRS 102 accounting assumptions, being forced to accept results, resulting in sudden balance sheet movements and changing annual pension costs;
• Lack of engagement with their multi-employer defined benefit scheme, resulting in the employer losing touch with developments;
• Lack of appreciation and understanding of the benefits for those employees who participate;
• Not having harmonised pension benefits for all employees.

• Full pension reviews – understanding your immediate and long-term costs and risks, reviewing options to mitigate these; and helping to set and implement alternative pensions strategies that includes communicating changes to employee;
• Annual monitoring of pension strategy; five-year contribution projections; review of FRS 102 assumptions and results;
• Troubleshooting – providing regular training; giving proactive advice; being consistent pension resource on hand for senior management;
• Flexible benefits offering – allowing you to provide employees with a flexible benefit offering that employees can shape to suit their needs;
• Employee engagement – providing seminars, webinars, one-to-one sessions, financial awareness videos, platforms for flexible benefits and salary sacrifice.