Expectations of how people save for retirement are changing. Security, efficiency, and reliability are key factors whilst today’s pension schemes need to deliver better engagement through easily accessible, intuitive digital platforms.
Organisations now realise that putting the full responsibility of running a pension scheme in-house is a risk. Many in-house pension teams are severely stretched with even their day-to-day activities, such as pensioner payroll where there’s no margin for error, which means that any new pressures can seriously test even the best resourced teams. It’s becoming increasingly important for employers to be able to free up these resources so they can spend less time on running their pension scheme, and more time on core activities.
As one of the largest third-party administrators in the UK, we take care of all the time-consuming administrative load, so organisations are free to focus on what they do best. We administer over 450 pension schemes with 4.3 million scheme members, offering an extensive range of customisable modules through our market-leading pensions software solutions. This includes schemes of all shapes and sizes, from defined benefit, defined contribution, cash balance, hybrid or master trust, to schemes with multiple sections, payrolls and members.
Good pensions management is a balance of achieving operational efficiency whilst meeting exacting standards of governance and evolving legislation and we help our customers navigate these changes smoothly.
With more than 250 years of combined experience, our experts provide a range of services that control costs, minimise risks and keep the scheme running efficiently.