Scheme strategy and design
Pension arrangements have a huge impact on your financial results. With market volatility, investment value uncertainty, and a workforce that is both evolving and developing a new set of expectations, it's important to ensure that your overall pension arrangements meets the needs of your organisation and your employees both today and into the future. Buck can help.
By involving your employees as partners, you can develop greater engagement, motivation, productivity, and overall business success. We know how to engage and motivate employees to share the responsibility for their retirement decisions. We can develop strategies that balance employer and employee responsibilities and help ensure your employees are better equipped and prepared for retirement. We can help with:
Defined benefit pension schemes: Our team has decades of experience in the design and administration of all types of defined benefit plans.
Defined contribution pension schemes: Our consultants understand the increasing importance of defined contribution schemes to your employees. We provide an array of services to ensure that the scheme delivers benefits in the way you expect.
Employer-financed retirement benefit schemes (EFRBS) and other non-registered executive benefit arrangements: Benchmarking the investment and administrative fees and conducting reviews to ensure the outsourcing vendor is operating the plan in compliance with its terms and conditions.
Mergers and acquisitions: As mergers and acquisitions (M&A) re-emerge as a corporate strategy, we have the tools and experience to assist in due diligence, execution, and integration in line with the benefits M&A strategy.
Scheme design and redesign: Whether it's because of a change in corporate philosophy, an acquisition, or in response to shifting workforce demographics, we can help you redesign your retirement schemes to support changing corporate objectives. This includes developing objectives, cost forecasting, compliance testing, effective communication, and implementation resources that ensure proper administration and operational compliance.
Closed scheme management and terminations: As employers continue to move away from defined benefit schemes they need to deal with the lingering liability of those schemes. We have the experience and resources to assist with the winding-down and ultimate wind-up of defined benefit schemes.