Corporate Pension Scheme Risk

Managing corporate pension scheme risk

Organisations with defined benefit (DB) schemes looking to reduce scheme liabilities, control the future cost of the scheme and give members access to flexibility in retirement are turning to Wren Sterling to help deliver large-scale advice projects.

During these exercises, it’s important to recognise that your scheme members will feel uncertain about how this impacts their future. Providing access to a qualified financial adviser will enable members to review their options, and receive a recommendation built on their personal circumstances.

Wren Sterling is used to working with large organisations across various sectors to ensure their scheme members understand their retirement options and can map a path that aligns with their long term financial goals. Recently, we completed the first stage of an exercise with a major pharmaceutical brand to provide advice to over 5,000 members, consistently beating volume and quality targets.

Pension Increase
Exchange

Retirement Transfer Options

Defined Benefit
closures

Paul Chafer

Speak to Paul Chafer, Wren Sterling’s Chief Commercial Officer, about how we help firms manage their pension scheme risk.

AstraZeneca have worked with Wren Sterling for a many years, in a number of different areas, from support to employees affected by a Corporate Pension exercise to Pensioners considering taking up the offer of a Pension Increase Exchange. Our employees and pension scheme members value the independent advice and support they receive from Wren Sterling, whilst we value their responsiveness, can do approach and collaborative working practices.

Rob Hamer, UK Benefits Manager, Astra Zeneca

Related posts:

Why are some people cashing in final salary pension schemes?

In recent years final salary pension schemes have been phased out by employers because people are living for longer and the uncrystallised liabilities are wreaking havoc with corporate balance sheets. Robert Blumberger explains why this is happening and sounds a cautionary note for those attracted to the idea of transferring.

Accessing pension benefits early may impact on levels of retirement income and is not suitable for everyone. You should seek advice to understand your options at retirement.