Why Choose Sovereign
Local Expertise Matters
When it comes to managing workplace pension schemes, local knowledge and a deep understanding of Island life is vital. Our Guernsey retirement experts understand the specific challenges you face.
We understand that you are busy running a business and, as a partner, we pride ourselves on keeping things simple. Whether you’re looking to upgrade an existing occupational pension scheme or starting a new scheme from scratch, our experienced team will assist you to select a scheme that meets the requirements under the ‘auto-enrolment’ regime and that matches the size of your operations. We will then deliver that scheme as swiftly and efficiently as possible.
Our occupational pension schemes can be tailored to your budget. Providing employees with better benefits generally assists in employee retention and saves on the costs of replacing an employee. Our aim is to minimise the cost and the administrative burden, while helping you to recruit and retain good people.
Easy to administer
Our on-line control centre puts you in instant control of all aspects of your plan and provides members with a clear and concise overview and the freedom to engage directly with their account within a secure environment. This will ensure that they appreciate their pensions and give them confidence in the future.
Our occupational pension schemes can easily expand as your business grows. We have developed a model that makes compliance with the Secondary Pensions’ regime scalable and affordable for employers and their employees with minimum cost and disruption.
Sovereign offers trust-based occupational pension scheme solutions in which the assets of the scheme are held in trust for the beneficiaries (the employees). This ensures the legal separation of the plan’s assets from those of the sponsoring employer, which provides an additional layer of comfort to employees and protects the plan from any party seeking to lay claim to the assets of the business.
Investments options are at the heart of all good savings solutions. We provide a range of funds from leading fund houses across different risk appetites. This is in addition to placing sustainability at the heart of our investment ethos – allowing employees to balance growth and ethics simultaneously.
Mandatory access to workplace pensions has increased the need for effective, proactive engagement with scheme members. We cannot expect everyone to be a financial expert. Our ‘Knowledge Hub’ empowers your staff to get to grips with this complex subject and to understand their rights and responsibilities.
Complying with Guernsey’s ‘Secondary Pensions’ regime is not just about pensions. It also involves business planning, the creation and integration of new processes, and the engagement of both the employee and employer. Sovereign has established itself as a market leader in pensions’ provision through substantial investment in our staff, systems and infrastructure. As a local provider, we will always be on hand to assist you and your employees in person.
Sovereign can provide a pan-island service to employers with offices in the Crown Dependencies of Guernsey, Jersey and the Isle of Man.