Trident can provide the full range of consultancy, advisory and actuarial services required for the ongoing running of a pension scheme.
We work in tandem with administration service provider to provide a full suite of pension scheme requirements.
Trident can advise you in relation to the benefit strategy and whether the existing strategy is appropriate relative to the business requirements. Typically, the initial step is the facilitation of a strategy meeting which will consider objectives, options and whether the existing offering is a good fit relative to the business requirements.
Trident advises primarily on the key issues for companies – having the right benefit design, investment and governance.
Determining objectives can be difficult particularly when the range of potential objectives can be contradictory. Typically, cost and risk will be objectives but so will the provision of benefits appropriate to market conditions.
We also advise companies to consider carefully whether their member communications are sufficient. As pension and related benefits are expensive, it is important that an effective communication programme is in place so that employees understand and appreciate the benefits offered.
Most ongoing work for pension schemes is for trustee purposes, but if your company operates a defined benefit pension scheme, the company will require FRS102 pension disclosures for the accounts, which Trident can provide.
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