Overview
An ever changing pension landscape is a major concern for employers and start-ups alike. With an increased number of companies opting away from historic pension schemes, new innovative solutions are required We take the uncertainty out of planning your firm’s pension scheme and allow you to concentrate on your core goals, moving your business forward.During our initial discussions with employers some of the main question asked are…
- Where do I start in exploring my options?
- What are my legal responsibilities to my staff?
- Do I provide a company pension plan or a PRSA to my staff?
- Should I make it available to all staff or have minimum entry criteria?
- What are the costs involved?
- How much as a firm do we need to contribute?
- What investments options do I choose?
- What happens if they leave?
At Pegasus Financial Consultancy, we provide a full advisory service to solve all the above concerns and assist small and medium size firms on improving their existing pension schemes or designing a new scheme.
Our advisory service consists of the following
- Initial Implementation
- We will then agree a timescale for the implementation of this plan.
- We agree with clients all the necessary steps towards the successful implementation of any plan
- Review and Research:
- Once the discovery meeting has concluded and a brief has been agreed, we begin our review process.
- Detailed analysis of any existing schemes to identify any potential improvements.
- Research the market to identify the most suitable option for your firm’s requirements.
- Discovery Meeting:
- Understand your specific requirements and needs.
- Explain your obligations as an employer towards your staff in terms of pension planning.
- Ensure you understand how pensions work and the differences within them.
- Explain an overview of the likely costs of a scheme to be put in place.
- Agree a brief with you the employer to ensure our recommendations are reflective of the criteria you have set out.
- Recommendations Meeting:
- Once our review period is completed, we will provide you with a detailed report of our recommendations.
- Full explanation of the reasons we have made our recommendation.
- Breakdown of all aspects you need to be aware of
- On Going Support
- We work with all our business clients to ensure on a yearly basis their employees are met and updated all aspects relevant to their pension scheme.
