Multiple Employer Pension Scheme Advice

Quantum Advisory offers a specialist service to employers of defined benefit multi-employer pension schemes such as the Local Government Pension Scheme (LGPS), Social Housing Pension Schemes (SHPS) and Teachers' Pension Schemes (TPS).

We also provide a full range of services to charities and not-for-profit organisations, including Investment consultancy advice, pension administration, secretarial services and actuarial advice.

Local Government Pension Schemes

We speak with countless employers providing Local Government Pension Scheme (LGPS) pensions to current and legacy staff. Employers appreciate how the arrangement helps to attract and retain staff but all face significant challenges that include:

Not having enough foresight of LGPS contribution requirements, seeing them increase 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 the LGPS
FRS 102 accounting requirements and not having foresight or control of sudden balance sheet movements and changing annual pension costs
Being unable to challenge FRS 102 accounting assumptions, being forced to accept results
A lack of engagement with the LGPS, resulting in the employer losing touch with developments
Lack of appreciation and understanding of the LGPS benefits for those employees who participate
Not having harmonised pension benefits for all employees

How can we help?

We can provide:-

Full LGPS reviews – understanding your immediate and long-term costs and risks, reviewing options to mitigate these; and helping to implement alternative pensions strategies
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.