Managing Defined Contribution Pension Plans
The considerations in managing defined contribution (DC) plans vary according to whether a trust based or contract based arrangement is set up; we advise clients on both types of plan. Although the legal responsibilities vary, we recommend that the employer applies a similar stewardship to each type of plan, undertaking regular reviews and paying particular attention to selecting a suitable default investment arrangement.
With the continuing trend towards DC pension plans we have considerable practical experience in assisting employers and trustees in setting up these plans, often in the context of a closing defined benefit (DB) scheme and communicating the features of the plan in the workplace to ensure that employees fully appreciate the value of the DC plan.
We have assisted some of our clients to set up special arrangements for their executives, including group Self Invested Personal Pension Plans and other, unregistered pension arrangements. Related DocumentsDefined Contribution Pension Investment Services (955.34 KB, .pdf)Defined Contribution Pension Plans October 2010 (392.22 KB, .pdf)