Occupational Pension and Savings Schemes
Employee benefit packages are a vital consideration for any employer that wishes to attract and retain the best talent, as well as to maintain a loyal and committed workforce. One of the main components of any employee benefit package is an occupational (also known as ‘workplace’ or ‘corporate’) pensions or savings scheme. Most employees now regard retirement provision as a key part of their remuneration package.
Sovereign has extensive experience in designing and operating occupational pension and savings schemes. Our clients range from large international businesses to smaller firms just starting out. We will work with the sponsoring employer to design an employee benefit plan to meet that company’s specific requirements.
Some jurisdictions in which we operate have introduced ‘auto enrolment’ pensions legislation, which means that employers are legally required to set up a workplace pension, put all their qualifying employees into it and contribute to their pension savings. To assist employers of any size to meet their ‘auto enrolment’ pension obligations, Sovereign can design and set up occupational pension schemes that will satisfy all the criteria.
Whatever your requirements, Sovereign’s global footprint allows us to be close to our clients and understand their needs. Our experienced retirement planning teams are on hand to assist throughout the process, from design through to implementation. We also have the capacity and expertise to administer schemes on behalf of employers, such that clients can be assured of the maximum business benefit and the minimum business disruption.