Pensions for Employees

Your employees are one of your company’s most important assets. There are simple and cost-effective ways to give them additional benefits, especially pensions?

The three main considerations in this area generally centre on:

• Administration

There are some pension plans which allow the company to take on the responsibility of providing pensions for their employees without the administrative headaches. Pension providers and independent financial advisers work together to keep all aspects of the initial and on-going administration away from the employer. This would include familiarising employees with the finer details of the pension scheme. The company's responsibility would simply be to maintain contributions and inform us of any changes (i.e. new employees and leavers).

• Choice

In today's pensions market there are many providers to choose from. This choice is mainly due to the different charges, performance and options of the individual providers. The differences between the worst and best performing schemes, in terms of charges and investment returns, are startling. We can save you money by selecting the most effective schemes on the market.

• Cost

Employers now have the choice to set-up and contribute as much or as little into a company pension scheme as they wish. For example, a pension scheme with a low level of funding could be introduced initially.   The contributions could then be increased as the company grows. At the same time, the employer could insist that employees contribute, as a minimum, on a like-for-like basis.

These are but a few of the many advantages of planning for employees.

Questions - Contact us by email or telephone on 0207 407 8787.