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Barnett Waddingham
0333 11 11 222

To DC or not DC? Should you implement a Defined Contribution (DC) pension scheme?

11.00 - 11.45 | Webinar

With Defined Benefit (DB) schemes in the Higher Education sector seeing a steady increase in costs, many institutions are now considering whether to move a proportion of their staff onto a DC scheme.

DC schemes can introduce a lot of freedom and flexibility for staff members which can be very valuable, however setting up a DC scheme can also be a complicated exercise and may initially create concerns for those staff members being moved.  Therefore the key to a successful DC launch is getting the right provider, the right level of benefits and ensuring that you are engaging with staff in a way that helps them to see the potential.

During this 45 minute webinar we hope to give you an understanding of the key issues when thinking about setting up a DC scheme, including:

  • structure design, including different types of arrangement and how to decide on level of contributions payable
  • analysing pros and cons of DB or DC schemes
  • best practice in selecting a provider and default investment arrangement
  • engaging with staff so they can see the value of the flexibility within DC schemes
  • establishing good ongoing governance structures to maintain good member outcomes      

About your hosts

Paul Hamilton

Partner and Head of Higher Education

Paul is Scheme Actuary to a number of pension schemes, and advises a range of UK businesses and trustee bodies on DB Pension issues including scheme funding, benefit design, and risk management.

View Biography

Martin Willis

Principal

Martin currently advises and provides support in relation to implementation and on-going services for corporate benefit arrangements.

View Biography

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