Defined Contribution Pension Consulting

Henderson Employee Benefits specialise in the communication of benefits to employees on behalf of the employer, thus ensuring value to the employer for the non-monetary benefits of an employee remuneration package.

Our team of advisers specialise in both the setting up of new pension schemes, but also being appointed to assist employers in communicating the benefits of existing pension schemes and ensuring compliance with current legislation.

Our range of services include advice on design, provider choice, employee communications and all administration interactions between providers and employees working for companies who choose to offer Defined Contribution Pensions.

A Defined Contribution Pension is a pension plan where employee’s individual contributions are invested in, for example, the stock market or pension investment funds, and the returns on investments are then put into the individual’s pension pot. Contributions in this pension plan are defined, however the outcome will only be known once the employee is looking to retire.

The Defined Contribution Pension consultancy service is not purely aimed at providing advice and recommendations for a provider, but about providing an integrated, ongoing service.

It is important for employees to understand their employee benefits and what choices they have. This could be in the form of group personal pension, group stakeholder pension or group occupational pension schemes. The message and the focus to help engage the employees is the same.

Pension investment is often an area for which most employees don’t understand. This is often due to what appears to be over-complicated and technical material, and a lack of good communication from company advisers. Our experiences show that this should not, and does not need to be the case.

All employers will be forced to think long and hard in the next few years with the government’s launch of NEST pensions (National Employment Savings Trust), which will have an impact on all employers and most employees. We can assist in ensuring that both employers and employees take full advantage of these legislative changes.