Pension scheme advice

Corporate Services

Pension scheme advice

Pension Scheme Advice to Employers

Wardour specialises in working with employers to reduce future liabilities inherent in running final salary pension schemes. Its advisers can help to enhance the relationship between employer and employees by facilitating the implementation and communication of employee benefits on offer.

The following shows examples of the pension scheme services we can offer to businesses:

• Group Personal Pension scheme implementation and ongoing management: one-to-one advice / review meetings with employee members on a regular basis
• Advice regarding options for employer-sponsored final salary pension schemes to staff, including “enhanced transfer value exercises” - which can result in significant liabilities being removed
• Corresponding reduction in FRS17 liabilities: creating potentially more funds for dividend strategies, etc.
• Winding up of occupational schemes: money purchase and, where viable, final salary pension schemes

Pension Scheme Advice to Trustees

We can offer fee-based general consultancy services in many areas, including:

• Scheme governance reviews (checking historical documentation and TPR compliance)
• Amendment of scheme rules to incorporate A-Day changes
• Access to trustee training
• Investment advice to trustees, ensuring mirroring scheme liability shape where appropriate, consistent with scheme rules and Statement of Investment Principles
• Winding up advice, particularly for money purchase pension schemes (COMP and CIMP)
• The appointment of independent trustees where appropriate
• Trustee insurance / employer indemnification
• Liaison with the scheme actuary and legal advisers
• Individual advice to members when instructed