Group pension plans are set up by an employer for the benefit of the employees of a company. Plan can range in size from two members to thousands of members. The scheme assets are held in trust for the benefit of scheme members. The scheme trustees decide on how the scheme invests accumulated funds. Each scheme is unique as it may have different membership rules and scheme member benefits. Scheme members may have some level of choice of how his / her pension account is invested within the scheme, but the choice is usually limited to funds chosen by the scheme trustees on behalf of the members.
Our Services to Members of Group Pension Plans
Manning Financial can provide members of defined contribution group pension plans the following independent advisory services –
- Pension Funding Review – we can analyse your pension position, by looking at your target pension, your contribution level and your pension investment performance.
- Leaver options – when leaving service of your current employer, you will typically be offered a number of leaver options with regard to your accumulated pension fund. We can help individuals understand what these options are and also explore the pro’s and con’s of each.
- AVC investment – Members of group schemes may wish to look at external pension products for their AVC contributions.
TALK TO MANNING FINANCIAL TODAY ABOUT GROUP PENSION SCHEMES ON 021 2428185 or firstname.lastname@example.org