I agree We use cookies on this website to help us provide the best user experience. By browsing this site you agree to their use - more information is available here.

Barnett Waddingham
0333 11 11 222
Many employers are concerned that defined contribution (DC) schemes will not provide a secure income for their employees and some are worried about the impact this will have on their succession planning.

Reviewing DC arrangements can often address some or all of these concerns. Our consultancy service can help employers look at their current arrangements and benchmark these for suitability in the future:

  • consider the DC vehicle
  • design
  • investment
  • provider selection
  • engagement
  • at retirement support

The DC vehicle

Many companies are reviewing the vehicle they use for their pension arrangements to see if a better service can be found to deliver outcomes that are more desirable for their employees.

Design

Using GEM, our pension analytical tool, we can look at contribution structures and model various contribution options or benefit outcomes across member groups.

Investment

Appropriate investment structures are paramount to good outcomes. A good investment framework should make it easy for members to follow a simple process that results in a tailored, sophisticated investment strategy that meets their needs. For more information visit DC Investment.

Provider selection

All providers are different and we maintain a rigorous due-diligence programme in relation to all of the main providers active in the DC pensions market.  This allows us to identify which providers would best meet an employer's specific needs.

Engagement and at retirement support

It is important for employers to have a strategy in place, not just around how to support those approaching retirement, but all DC members.  Support and guidance is needed at each life stage and we can help with the key messaging and design through our online portal, Me2.



“An employer needs to measure the return on investment and ensure that corporate objectives, such as recruitment and retention of staff as well as long-term employee education and engagement, are being met.”
Damian Stancombe
Partner, Barnett Waddingham

Related knowledge and resources

Blogs

  • Picture for What is the Pensions Dashboard?
    What is the Pensions Dashboard?

    In the 2016 Budget, the Government proposed to create an online platform to enable people to view all of their pension savings together, in one place. But how will it work?

  • Picture for DC should stand for 'decent contributions'
    DC should stand for 'decent contributions'

    In recent years, regulators have put so much emphasis on the minutiae of defined contribution pensions that we seem to have forgotten about the bigger picture.

  • Picture for The missing 'why' in trustee communication
    The missing 'why' in trustee communication

    Communications will end up unread in the bin unless they remember what they’re for and provide relevant information targeted to the intended audience, explains Damian Stancombe.

  • PerioDiC - October 2018

    Our Autumn PerioDiC newsletter summarises the trustee, company, and other elements to be aware of which help with running a defined contribution (DC) scheme.

  • PerioDiC - May 2018

    Our Spring PerioDiC newsletter summarises the trustee, company, and other elements to be aware of which help with running a defined contribution (DC) scheme.

  • PerioDiC - Occupational DC Schemes

    Whether you are a trustee running an occupational scheme, a company offering a master trust scheme or a contract-based scheme, these newsletters help to keep you up to date with elements relevant to your DC arrangement.

  • 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

  • Jul 11 2017
    To DC or not DC? Should you implement a Defined Contribution (DC) pension scheme?

    With Defined Benefit (DB) schemes in the Higher Education sector seeing a steady increase in costs, institutions are considering whether to move a proportion of their staff onto a DC scheme. We look at key issues when thinking about setting up a DC scheme

    Location: Webinar

Updates delivered to you

Stay ahead with our latest comment, expert insight and event details.