The pension landscape is changing with new options and additional requirements replacing the more traditional arrangements run by employers. Employers are being asked to take an increasing role in managing legacy defined benefit pension schemes as well as dealing with the demands of auto-enrolment and Workplace Pensions Reform.
Employers offering modern, sophisticated pension plans are increasingly seen as progressive; employee focussed and can gain competitive advantage. However, managing these types of plans can be complex, expensive and result in increased administration if not managed correctly.
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