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Barnett Waddingham
0333 11 11 222
Barnett Waddingham helps a number of its charity and not for profit (NFP) clients with their defined contribution (DC) Pension arrangements.   

We can help you to design a new DC scheme that matches your culture and values, or to review an existing DC arrangement to ensure that it remains suitable for you and your employees.

We are a true independent consultant and not tied to any provider, vehicle, product, ideology or platform.

Our advice is always in the best interests of our clients and we strive to offer value for money and a cost effective service without compromising on service levels.

Our size, structure, and efficiency enable us to offer competitive fees whilst focusing on what is best for you. We are happy to keep our services light to suit your needs or to deliver a service that compliments those that a charity or NFP organisations may already receive from other third parties.

DC Governance

GEM will enable you to identify the key cohorts across your employees and assess the make-up of the workforce based on age, affluence, location, job type and membership status.

Using GEM, we can help you forecast members’ benefits, benchmark contribution rates and provide further evidence to shape your thoughts on effective governance, investment and engagement strategies.

Our governance reviews are also designed to highlight all of the key information about your DC scheme and will draw attention to the following key areas that we believe to be important:

Timing / amount of contributions

Membership characteristic

Default investment review

Scheme structure

Provider performance

Legislative developments

DC engagement

Communications to employees is an integral part of DC pensions and we are finding that many organisations are looking how to engage with their employees to ensure they take positive action in relation to their pension arrangements and wider benefits/reward package. 

We can help deliver your DC engagement strategy using a combination of materials including annual pension newsletters, member joiner packs, employee workshops / presentations, webinars and pre-retirement courses.  This will allow you to promote education and key messages to employees around pension’s taxation issues, employee wellbeing and wider financial education (including shorter-term issues such as debt repayment, budgeting and short/medium-term saving).

DC consultancy

With the pensions environment constantly changing, we need to be responsive and innovative for our clients. Our team has won a number of awards and we have provided an overview of our other services and a summary of our DC consultancy approach below:

  • analytical approach to understand your corporate risk and membership needs
  • governance aimed at improving member outcomes and value for money
  • bring knowledge, experience and market expertise
  • strong, independent relationship with leading DC providers
  • DC technical research
  • Strength in depth with flexible support from over 40 DC specialists

Our DC consultancy approach extends beyond governance and engagement to other areas such as: mergers and acquisitions, scheme design changes, salary sacrifice, benchmarking, review of legacy schemes and AVC arrangements, consolidation, bulk transfers and wind-up of old pension schemes.

 

Related knowledge and resources

Blogs

  • Picture for One bold step for DC trustees
    One bold step for DC trustees

    Damian Stancombe discusses the enormous responsibility faced by trustees of defined contribution schemes. Damian explores how research and engagement on short to medium term financial issues has got to be the starting point on that journey.

  • Picture for Autumn statement 2016 in review: insurance premium tax
    Autumn statement 2016 in review: insurance premium tax

    For the third consecutive budget and autumn statement the chancellor has announced an increase to insurance premium tax - this time raising the level from 10% to 12% - meaning that the rate of insurance premium tax has doubled in the past 18 months.

  • Picture for Five pearls of wisdom...for small employers thinking about auto-enrolment
    Five pearls of wisdom...for small employers thinking about auto-enrolment

    Here we provide some pearls of wisdom based on our experience that will help employers preparing to set up their first workplace auto-enrolment pension scheme.

  • Jan 25 2019
    Evolving DC governance: meeting member needs

    In a world where legislation, products and most importantly of all, member needs are constantly evolving, ongoing governance is vital to ensure DC arrangements remain suitable. We look at how a well-designed governance structure can prepare a scheme for future challenges that might arise.

    Location: http://bit.ly/evolving-DC-governance

  • Dec 19 2018
    DC infrastructure: the Mitchells & Butlers case study

    We examine the pension scheme journey of Mitchells & Butlers, one of the largest operators of restaurants, pubs and bars in the UK. Both company and trustees worked together to deliver a market-leading DC scheme with better outcomes for members at its core.

    Location: http://bit.ly/DCinfrastructure

  • Nov 30 2018
    In your members’ shoes: the corporate overview

    At our DC Conference, we helped delegates understand the experiences, challenges and thought processes of their members to enable them to make better decisions for their scheme – truly putting themselves in their members’ shoes.

    Location: http://bit.ly/inyourmembersshoes

  • Picture for Employers' attitudes to the changing DC pensions landscape
    Employers' attitudes to the changing DC pensions landscape

    50% of employers are concerned that DC is not being used for its primary purpose

  • Picture for Generation WHY? survey 2017
    Generation WHY? survey 2017

    Our ‘Generation WHY? study, now in its third year, highlights important generational attitudes and perspectives towards money matters as well as savings and how personal affluence affects outlook.

  • Picture for Why BWell? Survey 2016
    Why BWell? Survey 2016

    We surveyed over 300 employees throughout May and June 2016, across a wide range of locations, age groups and affluence levels. Comparing trends and results from last years survey, we reveal insights into what wellbeing in the workplace looks like today.

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