Managing cost

Our range of employer advisory services, modellers and online tools enable employers to ensure costs are controlled whilst corporate objectives are satisfied.
 

 Overview

 
The next step for any employer with a final salary pension scheme deficit is to agree an affordable recovery plan.

We can help:
  • ensure you have up-to-date knowledge on your scheme’s position through our online tools
  • understand the expected developments in, and options for change for future pension arrangements, enabling you to ensure your pension provision is affordable and sustainable
  • negotiate with trustees about de-risking initiatives, benefits changes and pension scheme funding assumptions, in particular managing the approach taken to agreeing the level of prudence
  • plan for the introduction of auto-enrolment from your staging date – for example, by helping you prepare for the potentially higher pension costs, or understanding the impact prior to a merger or acquisition
  • minimise the risk-based levy payable to the Pension Protection Fund (PPF) by taking actions which reduce the assessed pension deficit and assumed probability of insolvency

 

 Insights and views

 
    Corporate Bulletin Quarter 3 2014
    10 October 2014
    Welcome to this new edition of our quarterly bulletin aimed at defined benefit (DB) sponsors.We provide an overview of market conditions and the range of accounting assumptions sponsors may wish to use for their interim or annual disclosures at 30 September 2014 alongside market news regarding pension buy-outs and de-risking, and an update on PPF issues.
     


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    Pension Schemes Bill redefines pensions (again)
    14 July 2014

    The Chancellor’s Budget announcement of greater flexibility over retirement benefits has led to a major reinterpretation of what the word ‘pension’ means in a defined contribution context. Meanwhile, the Department for Work and Pensions
    (DWP) has been working on its own redefinition of pensions in a wider context, in the shape of the Pension Schemes Bill, which was laid before Parliament on 26 June 2014.

     

    View the briefing note

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    Corporate Bulletin Quarter 2 2014
    8 July 2014
    Welcome to this new edition of our quarterly bulletin aimed at defined benefit (DB) sponsors. We provide an overview of market conditions and the range of accounting assumptions sponsors may wish to use for their interim or annual disclosures at 30 June 2014 alongside market news regarding pension buy-outs and de-risking.
     


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    Corporate Bulletin: Quarter 1 2014
    3 April 2014
    Welcome to this new edition of our quarterly bulletin aimed at defined benefit (DB) sponsors. The recent budget has hit the headlines with some real implications for employers and their pension scheme members. We also talk about the financial conditions at 31 March 2014 and how these might impact pension disclosures at this quarter end alongside market news regarding pension buy-outs and de-risking.
     


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    Corporate Bulletin: Quarter 4 2013
    3 January 2014
     
    Happy New Year and welcome to our latest quarterly corporate bulletin. In this edition we discuss market conditions and accounting assumptions at the end of 2013.
     


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    Corporate Bulletin: Quarter 3 2013
    4 October 2013
     
    Welcome to the 30 September 2013 edition of our corporate bulletin. Enclosed is a brief outline of market conditions for those preparing disclosures at this date and some topical news for finance directors.
     


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    Auto-enrolment: the story so far
    30 September 2013

    October 2013 marks the first anniversary of the formal introduction of the new employer duties. In this note, we review developments since the largest companies have had to comply with the new duties, and look forward to what we can expect in the future.

    Read more
    Visit the Industry Insights page for news and views on the latest industry developments
 

 Events

 
    Trustee Training - Trustee Knowledge and Understanding (Intensive)
    4 December 2014
    This course addressed the knowledge and understanding requirements
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    Budget Pension Changes: Breakfast Briefing for Pension Schemes and Corporates
    9 December 2014
    Read more
    Budget Pension Changes: Breakfast Briefing for Pension Schemes and Corporates
    10 December 2014
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    Public Sector Outsourcing: Pensions on Local Authority Contracts
    15 January 2015
    Read more
    Getting Ready for Your Next Pension Scheme Valuation
    22 January 2015
    Read more
    Charities and Non Profit Sector: Addressing the Pensions Challenge in 2015
    29 January 2015
    Read more
    Trustee Training - Trustee Knowledge and Understanding (Intensive)
    18 February 2015
    Read more
    Trustee Training - Trustee Knowledge and Understanding (Intensive)
    15 April 2015
    This course addressed the knowledge and understanding requirements
    Read more
    Getting Ready for Your Next Pension Scheme Valuation
    21 May 2015
    Read more
    Trustee Training - Trustee Knowledge and Understanding (Intensive)
    15 September 2015
    Read more
    Trustee Training - Trustee Knowledge and Understanding (Intensive)
    11 December 2015
    Read more
    Visit the Events area for all forthcoming Punter Southall seminars, conferences and events
    Speak to us

    Speak direct to our specialists in this area
    Neil Lalley
    Head of Employer Services
    Or call us on
    020 3327 5000