Dedicated member websites can be an invaluable way for members to have access to basic scheme documentation and get answers to common questions that would otherwise go through to your administration teams (and which you will be charged for). A good member website can also help inform members of other useful online resources such as relevant government websites and sources of reliable financial advice.
Many websites that were developed more than 5 years ago can now feel quite dated and are not always designed to work with modern mobile devices.
At bac our dedicated web and communication teams can help you design from scratch or upgrade your existing member sites.
In the news this week, the consultation on the RPI is delayed until March, the first DB funding code consultation is also expected in March, there is speculation about the Treasury’s intentions towards the tapered annual allowance, HMRC announces a further delay to the final GMP data cuts and Dominic Chappell is ordered to pay £9.5 million.
In the news since 20 December 2019, the Pension Schemes Bill returns, the FCA takes action against bad DB transfer advice, the Chancellor confirms the Budget date and two pension schemes win a US class action.
Despite the very different circumstances facing individual companies, bac‘s autumn 2019 survey reveals a surprisingly consistent picture of the actions which companies are finding most attractive to manage their DB and DC pension arrangements.
As DB liabilities have become legacy issues to be managed, governance has become the umbrella term for a broad range of risk management tools. In this publication, we look at the DB governance solutions we have helped our clients to implement.
As pension trustees and sponsors get serious about good governance, a key question is whether technology can play a meaningful role or is simply an expensive addition that looks good but adds little value?