Interim pension resources
Need another pair of hands to help with pensions management or a pension scheme project? You’ve come to the right place.
Rather than turning to expensive actuarial or pensions advisers, interim pensions support can help you deal with all the complex pension issues in-house in a cost effective way, eg with:
- staff shortages due to maternity leave, long or short-term sickness or staff leaving service, where an interim can help during the notice period of a new incumbent
- strategic pension reviews – to help drive forward and execute pension strategy
- peak workloads & pension projects – eg GMP equalisation, DC transfers, pension scheme consolidation or merger, M&A activity, pension buy ins & buy outs, pension scheme closures & winding up, international pensions
- employee consultations during a proposed change to pension benefits or policy
- harmonisation of pension arrangements - eg across different defined contribution (DC) providers or defined benefit (DB) pension schemes
- trustee appointments – eg during complex projects such as scheme valuations & funding negotiations, investment strategy reviews or where there’s been a resignation
- establishing a workplace DC governance committee framework
Case study
Our client's in-house trustee team needed interim secretarial support for two sub committees and assistance with key projects that had previously been put on hold.
We spent at least one day a week at the in-house team office and held regular meetings and calls with the client’s governance manager and scheme secretary, following up on actions and drafting sub-committee reports. We also supported on projects, including GDPR compliance and a member nominated trustee election.
By sharing our experience of working on other schemes and suggesting alternative approaches, our client benefited from:
- seamless service and the successful completion of specific pension scheme projects
- greater consistency between the two trustee sub-committees
- improved efficiency through greater detail and integrity of documents
- flexible support if a member of the in-house team was off sick we were able to step in and help
What are the benefits of PSGS interim solutions?
- You aren’t only recruiting one person – there’ll always be a ‘number 2’. You have the back up of a dedicated professional team with the expertise of the whole organisation behind them.
- We’re highly flexible and properly resourced – able to respond to variable workloads and timings.
- Immediate support - our experienced team are pre-screened, have relevant pension and trustee qualifications and can start straight away.
- Adaptable to your changing needs – if you face a challenge that needs more senior expertise, greater experience or more time than your in-house resource can provide, we have experts who’ll understand the issue and be experienced in delivering in similar situations.
- Strong adviser relationships – we aggregate and share knowledge gained from working with the universe of pension advisers, such as scheme actuaries and pensions lawyers.
- A spread of experience and skills- fully in tune with the issues facing companies and pension trustees.
- We understand the complexities and issues – bringing learning from previous projects and using a team approach to deliver work at the most effective level.
Learn more about the members of our team or drop us a line, say hello and we’ll help you find the extra pair of hands.
