Communications

Whether plan change, high earners or encouraging employees to think about their level of savings, clear, concise and appropriate communications can add significant value to your benefit strategy. We can provide a full range of support, from member announcements through to online websites and modellers. Our mantra is keep it simple and to the point.

For a number of our DC clients we provide a suite of communication materials that can be used as part of a one, two or three year communication plan. Our materials include:

  • member newsletters
  • targeted information on a specific topic, for example investment choices or options at retirement
  • workshops to enable employees to discuss their questions face-to-face.

We start by discussing with the client what their objectives are and then we agree the best communication plan to meet those objectives. From there we develop the appropriate materials and a timetable for issuing.

In the case of plan change, such as closure to future DB accrual, we have extensive experience of supporting sponsors as they explain to trustees and employees the reasons and implications of ceasing accrual. Effective strategies usually include a combination of written, verbal and online communication tools.

10 July 2020

In the news this week, the Chancellor’s summer statement is pensions-lite, a call for input is launched on data standards for pensions dashboards, a company looks to bring its DB scheme closure forward by four years and another large longevity swap is completed.

Getting buyout ready

Covid-19 has created many challenges for DB schemes but, for those ready to transact in 2020, it may have created even more favourable market conditions for a buyout. The problem is that most schemes are not there yet. In this Briefing we look at what being “deal ready” actually means and what work it will involve.

Pensions Arena April 2020

Given the very company/scheme-specific impact of the Covid-19 pandemic, in this quarter’s Arena we simply show all the usual financial and investment analysis for what was a very turbulent first three months of 2020, plus a summary of key pension developments and Company pensions news over the quarter.

Survey of company actions

Over the autumn of 2019, BAC conducted an extensive survey of the actions which companies are taking to manage their defined benefit (DB) and defined contribution (DC) pension arrangements.

Pensions Arena January 2020

2019 marked 50 years since Neil Armstrong walked on the moon and this was obviously on the Queen’s mind in her Christmas message as she talked about a bumpy year but one with small steps of progress as well. In terms of pensions, it also felt like a year of small steps and occasional bumps. In this quarter’s Arena, we take a positive look back at 2019, as well as looking forward to some expected pension developments over 2020.