Group Pension Schemes
We provide advice to all employers on all Workplace Pension and Group Personal Pension Schemes.
Our strength is our ability to explain complicated issues in a clear and comprehensible way.
We can help you with:
- Setting-up and running new schemes
- Governance advice including Auto-Enrolment compliance
- Administration support
- Review of existing schemes to achieve:
- Management charge reductions
- Service improvements
- Wider access to funds
- Pension surgeries for employees – new staff, those nearing retirement or changing funds/contributions
Small Self-Administered Pension Schemes (SSAS)
A Small Self-Administered Scheme (SSAS) is an occupational pension scheme set up under trust with fewer than 12 members.
Like a Self-Invested Personal Pension (SIPP) for an individual, there is the same flexibility with a SSAS to access a broad range of investments and have greater control over the funds invested in.
This freedom means that directors can use their pension plans to invest in the business. Thus, each member of the SSAS is usually a trustee and other members can be nominated to become part of the scheme, such as family members, as long as the scheme is originally established by a company for the benefit of one of its employees.
The Financial Conduct Authority does not regulate some aspects of workplace pension schemes and Small Self-Administered Schemes.
The value of investments (in a pension) can go down as well as up and you may get back less than the amount invested.
Where a client’s circumstances require specialist advice, and the local office does not hold the necessary permission from the Financial Conduct Authority, we can draw on the wider specialist expertise available within Perspective Financial Group Ltd nationally. Many of our financial planners hold advanced qualifications in specialist areas of advice, as well as having decades of experience in solving almost all financial planning related issues.