Pensions management

Pressure on budgets means fewer employers now have sufficient expertise or resource to deal with complex, time-consuming pension issues in-house.

Many turn to their actuarial or pensions advisers to fill the gaps and, although seeking their expert advice is helpful on certain strategic pension scheme issues, it can be an expensive route to take for day-to-day pension scheme management and tasks such as pensions project management and implementation.

As an alternative, the PSGS team of pension experts can fill the gaps in your pensions management team on a permanent, ad-hoc or interim basis, 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 can help you successfully deal with any pension scheme issue, such as:

• co-ordinating and implementing a new pensions strategy
• helping your pension trustees manage pension scheme governance and compliance
• reviewing the effectiveness of your workplace pension auto-enrolment arrangements
• launching a defined contribution pension scheme
• assessing trustee board effectiveness
• managing and communicating pension scheme changes
• relieving pressure during spikes of work or when you have insufficient resource, perhaps due to maternity, sickness or holiday leave

Pension management services

We can help with:

• outsourced pensions management
• interim pensions management
• pension secretary services
• pensions project management
• ad-hoc support for your in-house pensions team
• pension scheme adviser reviews
• pension scheme risk reviews

The benefits of working with PSGS’s pensions management team including:

• the expertise of experienced pension managers without the big consultancy cost
• assurance that your procedures meet good pension scheme governance and internal controls standards
• certainty that deadlines will be met - thorough our skills as project managers
• comfort that nothing falls down the gaps between you, your pension adviser, your scheme, your payroll and other parties, such as auto-enrolment software providers
• removal of risks relating to succession - other combination of our team approach and formal processes mean you can be confident of a ‘business as usual’ service no matter what happens to an individual team member

If you would like to discuss pension manager outsourcing or find out how you can benefit from interim help from our expert pension managers, please contact us.