Barnett Waddingham, the UK’s largest independent provider of actuarial and consultancy services has launched a pensions education service for employers looking to inform their senior-level staff on the various changes surrounding pension benefits.
Barnett Waddingham has developed three levels of service to suit the varied needs of employers who want to educate their senior staff on the big changes to pension benefits including the further reductions to the Annual Allowance and to the Lifetime Allowance and the changes announced in the 2014 Budget.
"An increasing number of employees have been looking at ways they can provide guidance to their staff."
The three levels of the new service include:
- Core education group seminar which covers all relevant pension changes with time for questions from attendees.
- Intermediate education, which includes a group seminar and individual one-to-one meetings with staff.
- Detailed review, which includes a detailed review of individual staff members pension options with a written report and advice.
Commenting on the new service, Bhargaw Buddhdev, Head of Executive Pensions, Barnett Waddingham, says: “An increasing number of employers have been looking at ways they can provide guidance to their staff to ensure that they are aware of the changes surrounding pension benefits and to enable them to make informed decisions on their retirement provision.
“We know that different employers have different needs when it comes to educating their staff, that is why we have developed this range of service levels as solutions for employers looking for an effective way to educate their staff on the ever changing world of pensions, providing them with knowledge required to make the best decisions in planning for their retirement”