Employers Issues
Many Employers have historical obligations that are difficult to escape but still require sensible management to maintain control.
Growing legislation has made it difficult for employers to control all aspects of pension management as considerable responsibility may rest with the Trustees. Changes in personnel can often cause a lack of understanding of essential history which can waste substantial amounts of time and money if not approached sensibly.
ARC Benefits adopt a clear step by
step approach to understand:
• what you have
• where you are
• what you do currently
Clearly identifying where you would like to get to then enables changes to be managed in a controlled manner. Ready access to current information is also hugely advantageous when dealing with urgent or unexpected events.
Click here to find out more about how the ARC Benefits Governance Service can create a clear path forward.
Trustees Issues
Trustees, upon appointment, may be very uncertain where to start and where to stop.
Sometimes it can be unclear who is expected to initiate or manage a particular aspect. A full time Pensions Manager may be in place to co-ordinate all matters but, in many cases, this may be deemed to be a part time responsibility or fall to a Secretary of Trustees; or, by default, the Chair of Trustees.
Our recommended approach to avoid gaps and duplication and to save time and money, is to have clearly defined and accessible information on processes and policies for good pension scheme management and pension governance.
Click here to find out more about how the ARC Benefits Governance Service can create a clear path forward.
Pensions Manager Issues
Whether part time or full time, a pensions manager can sometimes be placed in an uncertain position - not always clear if fully in the picture of what the Trustees or Employer or their agents may be doing strategically. In the meantime, efficiency and deadlines still need to continue and some form of overall pensions management capability is key to the successful co-ordination of all aspects of Employer and Trustee responsibilities.
Click here to find out more about how the ARC Benefits approach can create a clear path forward.