Final Salary Scheme Reviews
Any Company that runs closed or open final salary schemes will no doubt want the very best value for money from their administrators and fund managers. At Champain we take you through a thorough process which will help you understand the maze of options available.
This will include:
- An initial meeting to understand the current situation
- Establishing an agreed tender and selection criteria
- Agreeing a list of potential suitors, including the incumbents
- Collating and interpreting the tender responses
- Arranging presentations from those on a short list
- Ultimately recommending an administrator going forward
- All done in conjunction with the trustees and company
The benefit of this approach is that there is a third party who manages the complete process on your behalf, allowing you to concentrate on your day to day role within the Company. It further allows a distance between parties when the inevitable negotiation is required.
To discuss further please contact us