Pearl is a light-touch consultancy service; it encapsulates Barnett Waddingham’s best thinking to support employers wishing to implement modern workplace pension savings or employee benefit arrangements.
We aim to reduce the administrative burden that businesses face in dealing with workplace pension, savings or employee benefit arrangements, enabling business owners to focus on running their business instead.
By sharing our expertise across other areas of the business, we are able to keep costs low, and by focussing on making efficiencies for clients, we are able to provide services to employers at affordable fee budgets.
Employers come to us with a wide range of requests. This is often to meet a statutory requirement such as an employer’s auto-enrolment (AE) duties but, increasingly, it is to help employers to either expand their range of benefits for employees, or to simply review or take on existing pension and employee benefit arrangements.
Our ‘no fuss’ approach is designed to minimise the amount of time you spend on pension and employee benefit arrangements and enable you to maximise your time on meeting your business objectives.
Employers who need a new workplace pension scheme
We are asked by employers to set up a new pension scheme for a number of reasons:
- To meet AE regulations;
- As part of a new company start up, often involving an overseas parent company;
- Following a merger/acquisition where a mirror scheme is required; or
- Where an existing pension scheme is no longer fit for purpose.
Whatever the reason for setting up a new workplace pension scheme, we can help you through the maze of options and identify the key decisions you need to make.