Workplace Pensions for modern employers.
Our Workplace Pensions Services
Governance
We help our clients understand how their Defined Contribution (DC) Workplace Pension scheme provider is performing, whether they are compliant with the Pensions Act 2008 (Auto Enrolment) and how their scheme members are behaving and interacting with the scheme. We only work with a selection of high-quality DC pension providers.
Engagement
We can help you to engage and empower your employees to take control of their retirement planning and get the best from your scheme. We regularly provide member engagement sessions including onsite presentations, webinars and 1:1 meetings. We can demonstrate measurable improvements in engagement that lead directly to better retirement outcomes for members in the schemes we look after.
Integration
We are an award-winning Workplace Pensions specialist and can integrate this expertise within our Payroll service delivery, including managing data flows to your Pension provider. Our HR Administrators can also seamlessly manage links between day-to-day changes and keeping your schemes accurate, up to date and legally compliant.
Workplace Pension Governance
Our annual Workplace Pension governance report reviews your provider against our nine ‘good quality’ features. It’s a great way to make sure that your scheme is working as hard as possible for your members.
Workplace Pension Audit
Our annual audit report makes sure that your organisation is compliant with its legal duties. We audit your Auto Enrolment procedures including payslip level analysis of worker assessment, contributions and statutory communications.
Ink can provide helpful advice, ideas and content to help your business promote the benefit to employees of engaging with their pension planning. Our programme is designed to help employers communicate how their scheme works, how well it’s performing and to make positive interventions in member’s retirement planning.
Member Engagement
Workplace Pension Adequacy
At The Ink Group, we passionately believe in the role of Workplace Pensions to provide employees with the lifestyle they want in retirement. Our Pension Adequacy research is designed to help our clients understand what retirement outcome their Workplace Pension scheme would provide for a ‘typical employee’ employed by them, as well as the average UK employee.
We know that awareness and engagement are essential to getting employees to understand the level of contribution required for a comfortable retirement. Too often, employers and employees fall into the trap of assuming that minimum contributions are enough and rarely consider the long term implications of their current approach. The Pensions and Lifetime Savings Association has created the Retirement Living Standards framework, to help individuals or couples understand what type of lifestyle they could have in retirement.
FAQs
For more information about Workplace Pensions and the rest of our business, please head to the frequently asked questions page on our website.
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Yes, this is the work that we most frequently carry out through our annual Workplace Pension Governance and Audit services, and our Scheme Review service. We are completely independent of any pension provider and can recommend schemes from the whole of the workplace DC market.
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No, we are not individual advisers, Wealth Managers or IFAs. Whilst we spend a lot of time communicating with, engaging, and educating scheme members, we never act as their financial adviser.
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We only advise on work based Defined Contribution (DC) pension schemes. This includes both Trust based and Contract-based arrangements. We don’t advise on individual pension arrangements such as SIPPs and we don’t advise on Defined Benefit (DB) pension schemes.
