Barnett Waddingham has announced the launch of its newly rebranded ‘Health and Wealth’ workplace benefits practice area within the firm, which will focus on advising employers and trustees on how to meet the evolving needs of their employees when it comes to defined contribution (DC) pension saving and wellbeing benefits.
"This is Barnett Waddingham’s new approach to DC pension and wellbeing planning."
The Health and Wealth practice has a team of over 40 staff specialising in DC and wellbeing consultancy, and will be headed up by Damian Stancombe, while Mark Futcher and Carl Chapman are to lead the DC and wellbeing strands of the practice respectively.
Damian Stancombe, Head of Health and Wealth says: “This is Barnett Waddingham’s new approach to DC pension and wellbeing planning. We believe that aligning employee benefits with corporate objectives has never been more important. The rebrand of our employee benefits offering to ‘Health and Wealth’ is a reflection of the rapidly changing nature of what employees expect from their employers when it comes to workplace benefits.
Mark Futcher, Head of DC says: “We all probably had a similar idea of retirement until the Budget in March this year. The plethora of changes announced regarding DC pension schemes and the long-term impact these will have will challenge perceptions of pensions and make retirement planning by employers and employees increasingly challenging.
Carl Chapman, Head of Wellbeing says: “Wellbeing is now increasingly moving up the agenda of both employer and employee. Our refreshed practice has been developed to help employers assess the best workplace benefit options to suit their corporate objectives and their employees’ needs.”