Setting up a group employee pension scheme is a highly effective way to improve staff welfare and establish loyalty. DAM has been providing practical group pension plans in the UK for over 15 years and we have the expertise and experience to design and implement a bespoke scheme that will meet your requirements.
We know that pensions are not always a top priority for staff, which is why our approach is centred around simplicity - we want to ensure your employees understand what is on offer in a clear and jargon-free format. From selecting the most appropriate provider and investment funds through to delivering internal staff communication strategies, we've got it covered.
We can set up ongoing review meetings with scheme members so that our qualified advisors can meet with them on an ongoing basis and keep them up to date with their pension performance. Discussing the funds and answering any specific queries involves staff in the process, helping them become more involved in their future finances and helping to prepare them for the future.
Why should my company set up a group pension scheme?
Pensions could be a deciding factor for many people 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.
Whilst the government have made corporate pensions a requirement via auto enrolment, having your own group scheme in place will help to demonstrate you loyalty to your employees as you want to help them plan for their future.
What makes a DAM pension so DAM good?
Having an effective company pension service is important for workers - particularly as the ability to rely on the state pension becomes less and less likely for workers.
This Glasgow, Manchester and London-based pensions advisory service has been going strong for over 15 years, 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 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.
How much will it cost me to provide a corporate pension service for my employees?
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.
For our corporate clients we, as far as possible, charge a fixed fee for specific tasks which we relate to the size of organisation.
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.
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.