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Pensions Administration

Getting the basics right…

We believe pension scheme administration is all about getting the basics right. To us this means:

  • Paying the right amount to the right person at the right time.
  • Ensuring that all communication is in plain English.
  • Having well trained staff who really do care about your issues
  • A dedicated individual responsible for each client
  • Speedy responses to queries and member events

 

  • Rigorous checking procedures and data protection controls
  • Effective record keeping and filing systems

The above services are normally provided to closed legacy schemes with less than 100 members (no actives) which are moving towards final buy out and wind up. This usually proves to be a more efficient cost effective, timely way of moving the scheme to wind up.

For larger schemes we work in partnership with specialist administrators.

pensions-administration

SERVICES OFFERED INCLUDE:

  • Holding and maintaining records, providing quotations and dealing with members
  • Pensioner payroll including provision of payslips and P60s
  • Completion of annual scheme return
  • Calculation of pension increases
  • Drafting of scheme accounts
  • Preparation of tax returns to HMRC where required
  • Provision of half-yearly administration reports, covering membership data, performance against service levels (see below) and compliance with governance requirements (HMRC, DPA and disclosure requirements)
  • Data audits, reconciliations and recalculation of members’ benefits

Recent Feedback

“I would like to thank you for the prompt and efficient way you have dealt with my retirement”

“I’ve been a bit worried about my pension, but one of the lads from work said to just give you a call because you’re right helpful … and you are”

“The letter is very clear and gives me the right level of information”

Fees

Competitive Rates

We usually work on a time cost basis, but we’re happy to agree maximum fees in advance for major projects.

As our overheads are lower than those of the larger firms, we are able to maintain lower charge out rates. We tend to find that our rates are around 2/3rds of the larger consultancies.

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Our Clients

Great Relationships

Our client retention is impeccable and it’s something we’re extremely proud of. Some of our clients have been with us since inception and we consider them friends as well as clients.

Our friendly approach, reliable service and pragmatic ethos are just a few reasons why we maintain and prolong working relationships with clients.