Now that contributing to employee’s pension is compulsory to compliance, the importance is shifting to not only providing a workplace pension – but to providing a great workplace pension. Find out more about the importance of pension scheme governance.
Managing corporate pension scheme risk
Organisations with legacy 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.
Wren Sterling is used to working with large organisations across many sectors to make sure their employees and scheme members understand their options at key life points including retirement and can map a path that aligns with their long term financial goals. Recently, we completed the first stage of a project with a major pharmaceutical brand to provide advice to over 5,000 employees, consistently beating volume and quality targets.
If you’re going to put scheme members through a pension transfer exercise, it’s important to recognise that your employees will feel unsure about how this impacts their future until they’ve spoken with an adviser. We continually recognise how your employees could be feeling with the ‘3Cs’; Cautious, Confused, Concerned.