Pensions management

Benefits of working with PSGS’s pensions management team

• expertise of experienced pension managers without the big consultancy cost
• assurance your procedures meet good pension governance and internal controls standards
• certainty deadlines will be met
• comfort nothing falls down the gaps between you, your pension adviser, your scheme, your payroll and other parties
• confident of a ‘business as usual’ service no matter what happens to an individual team member our team approach & formal procedures remove succession and key man risks

Case study: seconded support

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 enables us to maintain valuable knowledge of how open pension schemes operate from the company’s perspective.

Our role entailed:

• Trustee secretarial - arranging pension trustee meetings, reviewing minutes, progressing actions arising, liaising with key internal stakeholders and advisers, ensuring the trustee remained compliant with relevant statutory and regulatory requirements including an annual internal controls review.
• Pensions administration - reviewing and testing member websites, benefit calculations and pension contributions.
• Communications - updating internal employee communications such as new joiner packs, information guides and relevant forms.
• Projects - arranging and overseeing a financial education taster day for employees.

Case study: outsourced pensions management

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.