Pension increase exchange (PIE) can be a valuable option for members and for the sponsor. We have attractive and easy to use online tools to help members understand the option.
We have recently designed and implemented a PIE at retirement option for a FTSE 100 client. The project involved agreeing the following with the Trustees
- the PIE offer design
- the member communication
- a bespoke member online modeller we designed comparing a members’ benefits with and without the PIE offer.
We also supported the Company to ensure the Scheme’s administrators correctly implemented the new offer into the administration systems and procedures.
For another multi-national client we proposed to the Trustees a complete overhaul of the communications that went to members as they approach retirement, ensuring details of a member’s transfer value was made available. Additionally, we have provided members with a online modeller to compare their scheme benefits with potential income levels if they take a transfer value.