This is overlaid on the workforce based on their age and has three key components:
In order to achieve both corporate objectives and member empowerment our governance and engagement solution segments the workforce to specifically target these three areas and aligns appropriate investment design to these stages.
Our client portfolio currently exists of 200+ DC schemes across Trust, Master Trust and Contract ranging in size.
Our DC consultancy services are at the heart of our proposition but we look wider than this, allowing employers to offer a more holistic approach to employees for saving for later life.
Other services include day-to-day operational support, scheme governance, investment, member engagement, and consultancy advice (on matters such as legislation and investment strategy).
The Woodford Investment saga created a surprise for many investors as a result of the suspended redemptions of the Woodford equity fund. The impact it created on individual investors could be a learning curve for pension schemes and trustees.
As the number of authorised master trusts rises to six, we thought it was worth considering the impact of the authorisation regime so far, good and bad.
The level of regulation, legislation and governance burden on DC schemes is increasing. Therefore, so is the level of associated operational cost and risk – leading to a number of schemes closing and members’ assets being moved elsewhere.
Our 101st edition of PATHways highlights pensions news and legislation that has particular relevance to what we do in pension administration.
New regulations and accompanying statutory guidance compel trustees to produce detailed analyses of the costs and charges incurred by scheme members on their money purchase benefits.
As more of the property market opens up to investments, property should remain an important part of pension scheme’s strategies.
Join us at this year’s DC and Financial Wellbeing Conference, delivered by informative, thought provoking and inspirational speakers from around the world. Learn more about the global changes occurring, the need for social change and how employees can take control of their financial future.
Location: The Soho Hotel, London
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.
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.
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.
Our Beyond Pensions report reveals that UK employers care about the financial needs of their employees and want to help alleviate their financial stress, but are not hitting the spot.
50% of employers are concerned that DC is not being used for its primary purpose
Following the introduction of the new pension freedoms, many studies have researched how employees’ attitudes have changed in relation to retirement saving. However, no studies (until now) have asked employers how their attitudes have changed.
ECITB appointed Barnett Waddingham in 2015 to provide member communication consultancy to their scheme members, relating to the proposed switch of future benefit accrual from the DB to DC section of their scheme.
Barnett Waddingham named ‘highly commended’ in the ‘DC Consultancy of the Year’ category at the UKPA awards in what was a very competitive field.
We are delighted to be recognised for the third consecutive year at Pension Insight’s DC Awards, being named ‘Financial Wellbeing Consultancy of the Year’.
Our innovative approach to benefit consultancy and unwavering commitment to solving clients’ workforce challenges were recognised last night at the Workplace Savings and Benefits Awards.