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Why is independent advice so important?
As the financial services industry becomes more regulated, independence becomes scarce.
We ensure that when you are presented with a solution, it is right for YOU. Make sure before committing to anything, that the solutions you are considering are unbiased and have your best needs in mind.
Effective and motivated employees are key to the success of any business, so hiring, rewarding and retaining them are key priorities.The real challenge for employers is how to develop the best possible benefits programme within the constraints of the budget available and then to ensure it is communicated effectively to the employees.
This is where we can help.You may be looking to implement a new range of employee benefits. Maybe you need to review your existing arrangements to reduce costs or you are looking to carry out benefit benchmarking against competitors in your sector.Perhaps you need to manage the risk that your trustees are exposed to. Or you are looking to switch from a private fund to an umbrella fund. Thinking about introducing a flexible benefits scheme? We know how.Whatever it is we can help at every stage of the process, from initial research and analysis through to specific recommendations, effective implementation, project management and ongoing review. We particularly like to develop long term partnership relationships with our clients - walking alongside them in the ongoing management of the company retirement funds.We take a holistic approach to reward, as we look to meet the demands of the growing number of organisations that are realising the importance of having a reward strategy and the increasing numbers that are adopting a total reward approach.In today's competitive business world it is vital to deliver cost effective benefit solutions.
The effective communication of your well designed and attractive employee benefits programme is essential to ensure that your employees understand and appreciate what benefits are provided by your company. With continual changes in legislation, and retirement funds being in the spotlight, effective communication strategies have never been more important.We can carry out a benefit communication audit to assess your current strategy and make recommendations. This can include the design and production of explanatory booklets, announcements, benefit statements, pension calculators and fund reports. We also offer worksite presentations and individual advice. We also provide a variety of educational courses to upskill your employees on financial matters.
Pension and provident funds continue to face significant challenges. Risk issues include:
As a result, the role of a retirement fund trustee involves great responsibility and requires a minimum standard of technical knowledge and understanding.For this reason, some schemes want to ensure that the trustees are up skilled on a regular basis to ensure they have relevant and appropriate knowledge to fulfill the fiduciary responsibilities they have.
We also run regular trustee training courses, from basic to advanced courses. Our long-term involvement with company retirement funds means that we are well placed to train trustees and in-house pensions staff.
Setting a long term investment strategy with clear objectives is vital to the success of a pension or provident fund. The trustees need to understand the nature of their scheme's liabilities, alongside their attitude to risk, and the financial circumstances of the fund's sponsoring employer.We advise pension and provident fund clients on investment strategy, asset allocation, fund manager selection and performance monitoring.
This includes the latest developments such as liability driven investment and alternative assets. We can also take account of corporate governance and socially responsible investment. We provide our clients with regular investment reports to enable them to assess the performance of their chosen investment managers, compared to the rest of the market.
The cost of group risk benefits continues to fluctuate with new product launches, new providers entering the market and existing providers adjusting their rates.Our expertise and knowledge in this area can ensure you take advantage of the latest developments and help you control your costs.
We arrange and review risk benefit insurances such as death in service, disability benefits and personal accident benefits.Our main aim is to achieve good value by negotiation with existing insurers and, where appropriate, by a change of insurer. We will also take account of the client's attitude to risk, the Insurer's claims payment record, quality of administration, level of cover without medical underwriting, policy terms and where appropriate self insurance and multi-national pooling.The cheapest option is not always the best, especially if this results in a delay in payment of legitimate claims.