DC is not without risk for sponsors too. Current levels of under saving will mean a whole generation will struggle to be able to afford to retire, resulting in workforce management issues. Our range of DC consulting services will help you deliver better outcomes for your scheme members.
The quality of our DC Consultancy services is reflected in the number of accolades our clients and team have won over the past year including DC Consultancy of the Year at the Pensions Insight Awards 2018 and Professional Pensions UK Pensions Awards 2018 as well as Pension Consultant of the Year at the WSB 2018 Awards.
Nobody would argue with the fact that the rise in the use of Master Trusts over the past 5 years has been significant. We’ve watched them shift from being a relatively niche option serving the needs of smaller employers, to today where they are increasingly seen as the DC vehicle of choice. Our report will help you understand Master Trusts better.
In recent years DC pensions have rapidly established themselves as the future for UK companies and their employees. While DC has ‘come of age’, there is still a lot of work to be done to ensure that DC delivers better outcomes for members. Register below to join our half-day conference on Wednesday 5 June.
AXA UK Group
Hymans Robertson worked collaboratively with AXA to implement an innovative new drawdown lifecycle strategy alongside a redesigned annuity lifecycle strategy. AXA also launched an engagement programme to educate members on the new changes. Using a mix of new and traditional communication techniques, the project was a huge success with over 1000 employees booked onto one of 50 UK-wide presentations and results from a company-wide survey overwhelmingly positive.
Commenting on this project, Lee Hollingworth, Partner at Hymans Robertson:
AXA UK Group has not only responded to the latest changes in pensions, but has used the budget announcement as an opportunity to review its entire DC investment strategy and communication, which has resulted in some really positive changes. We’ve been delighted with the success seen to date and the positive feedback received by members, which has so far demonstrated strong member engagement on the changes made. The next stage will include personalised statements issued to members informing them of their likely retirement outcome, with clear guidance provided on how to best improve their position.