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Pensions don’t have to be confusing – they can be DAM exciting

The key to a good pension is simplicity. Employees are not financial experts, they like to know what's on offer in clear, easy to read 'bite size chunks' of information relevant to them. DAM Pensions embrace this and explain our schemes to people in plain English. We lay out the plan, highlight the benefits and discuss any risks. Having provided some of the strongest pension advice and plans in the UK for over a decade, we feel we're the exciting choice to manage your company pension.

Why should my company care about pensions?

Let’s be honest, pensions are never that interesting, are they? We all know that retirement planning is something we should be thinking about, but in the UK pension planning isn’t high on most people’s agenda.

For businesses, though, the government’s new pension rules have made corporate pensions a requirement with auto enrolment being brought in to encourage both employers and employees to think about retirement planning. All of a sudden, company pension schemes became a lot more interesting, or at the very least necessary.

What makes a DAM pension so DAM good?

As is widely known, having an effective company pension service is important for workers already thinking about retirement planning. It could even be the deciding factor as they choose whether to work for one employer or another, which is why having an excellent corporate pension plan gives you a massive advantage as an employer.

This Glasgow and London-based pensions advisory service has been going strong for over a decade so we know exactly what both employers and employees are looking for from a corporate pensions advisory service and we make sure to provide it. From pension contributions design to investment choices and from risk benefit selection to admin and communication strategies, we’ve got it covered.

The pension advice we offer at DAM on the selection and implementation of all types of corporate pension services is delivered face to face by our pensions experts as well as being top of the range.

Not only do we think our corporate pensions advisory service is the best in the business, but our clients - some of the biggest players in the hospitality and retail industries – very much agree as can be seen by their glowing testimonials praising our pension schemes. They love how pensions work with DAM and we can provide your company with a pension service just as DAM good!

What type of corporate pensions can DAM sort my company out with?

Corporate pensions can be offered under a number of different pension contracts so there really is a wide range to choose from.

The most common of all the corporate pension plans is a Group Personal Pension (GPP), a collection of Personal Pensions Plans which an employer arranges for employees. Each employee is set up with an individual pension plan into which they and their employers make pension contributions.

Group Personal Pensions are flexible pension plans, meaning the employer and employee can decide what level of pension contributions to make with no pre-determined pension contribution percentage.

A GPP is a pension service which operates under the same rules as a regular personal pension plan. It’s fairly simple in that regular pension contributions are made to a pension provider which invests the contributions in order to grow the pension pot.

Importantly, though, no pension scheme organised with us will be an ‘off the shelf’ pension scheme Rather, you will have a thought-out and bespoke corporate pensions solution for your employees.

Surely your employees deserve an excellent pension. Well, we can provide it.

What type of corporate pensions can DAM sort my company out with?

Corporate pensions can be offered under a number of different pension contracts so there really is a wide range to choose from.

The most common of all the corporate pension plans is a Group Personal Pension (GPP), a collection of Personal Pensions Plans which an employer arranges for employees. Each employee is set up with an individual pension plan into which they and their employers make pension contributions.

Group Personal Pensions are flexible pension plans, meaning the employer and employee can decide what level of pension contributions to make with no pre-determined pension contribution percentage.

A GPP is a pension service which operates under the same rules as a regular personal pension plan. It’s fairly simple in that regular pension contributions are made to a pension provider which invests the contributions in order to grow the pension pot.

Importantly, though, no pension scheme organised with us will be an ‘off the shelf’ pension scheme Rather, you will have a thought-out and bespoke corporate pensions solution for your employees.

Surely your employees deserve an excellent pension. Well, we can provide it.

How much will it cost me to provide a corporate pension service for my employees?

We provide a variety of services to our corporate clients and, as far as possible, we charge a fixed fee for specific tasks which we relate to the size of organisation. Our costs are higher when we are working with larger organisations who have more employees. Some employers prefer to work on a time cost basis. In these instances, we can provide an employer with a detailed breakdown of the costs based on the specific tasks and the time spent completing them.

 Whatever fee structure we agree, we believe it is important to discuss the likely costs with the employer at the start of our relationship and then to update them regularly as the work progresses.

The next step now is a logical one.

Please contact us to begin discussing and drawing up your company’s corporate pension scheme or to ask any questions. You may also want to check out the pensions articles on our employee benefits blog where we keep our readers up-to-date on the latest goings-on in the corporate pension world.