Generation Financial Services offers consultation and management of final salary pension schemes.
Final Salary Pension Schemes
A final salary pension scheme is a defined benefit arrangement that is set up by an employer to provide income in retirement for its employees. Members contribute to the scheme with the promise of a certain level of pension that is dependent on the length of time employed and the scheme’s accrual rate.
These final salary schemes are becoming less attractive to employers due to the liabilities and high costs associated with them. Generation Financial Services works closely with qualified specialists, such as actuaries, solicitors and accountants, to offer our clients the best solution for managing final salary pension schemes for the benefit of the business and the members with the aim to improve cost efficiency.
To find out how we would work with your business to develop your Final Salary Pension Scheme, click here.