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).
Informed members make informed decisions - but effective engagement doesn’t just happen, it needs a well-defined strategy with clear understanding of where schemes and members are now, where they want to be, and the tools to help them get there.
Most private sector pensions accrual in the UK is now on a DC basis. When legislators think about DB, it is only to worry about protecting past service benefits; never to wonder about whether the framework for future benefits is fit for purpose.
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.
Our Spring PerioDiC newsletter summarises the trustee, company, and other elements to be aware of which help with running a defined contribution (DC) scheme.
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.
In our PerioDiC newsletter, we summarise the trustee, company, and other elements to be aware of which help with running a defined contribution (DC) scheme.
This year’s DC conference will be all about trading places. We'll help you put yourself in your members' shoes - enabling you to make better decisions for your scheme. Join us for a full day of interesting discussion and informative case studies.
Location: The Soho Hotel, London
The Budget 2016 might not have seen the widespread changes to the pension taxation system that many had been anticipating – however, there are still key pension considerations to be aware of in the new tax year.
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.
For the second consecutive year, we are delighted to have been named ‘DC Adviser of the Year’ at Pensions Insight's DC Awards.
Barnett Waddingham is delighted to have been recognised as the UK’s DC adviser of the year, and the leading DC technology provider of the year at the Pensions Insight DC Awards 2016.
Barnett Waddingham has appointed Steven Johnston as a senior client account manager within its Workplace Health and Wealth practice in Glasgow, as the firm looks to further expand its team in Scotland.