Pressure on budgets means few employers have sufficient expertise or resource to deal with all complex, time-consuming pension issues in-house. Turning to your actuarial or pensions advisers can be expensive for day-to-day pension scheme management and pension project management.
Instead, PSGS pension experts fill the gaps in your pensions management team, providing the expertise you need in a cost effective way. By sharing our in-depth experience across all aspects of pensions and scheme management, we'll help you deal with any pension scheme issue, such as:
Client: global mining group with multiple open DB & DC schemes covering over 25,000 members and £4bn assets in the UK.
Objective: PSGS acts as scheme secretary for 3 DB schemes and provided additional support with 1 day a week secondment.
What we did:
The result: our client's culture was very welcoming and collegial. Their HR and wider business teams encouraged our seconded staff to ask questions to develop technical knowledge of their pension schemes. Experience of working in-house enabled us to maintain valuable knowledge of how open pension schemes operate from the company’s perspective.
This case study looks at how one PSGS client combined both their pension manager and scheme secretary roles in one person and covers the benefits from having this type of easy, cost effective access to pensions expertise.
Looking for interim pensions resource or considering outsourcing any aspect of pensions management? Get in touch or download our service flyer – we’re happy to chat things through.
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