Tax relief on employee contributions makes them one of the most popular ways to make a saving provision for retirement. Regulatory change, such as the introduction of compulsory auto enrolment schemes for all employers, means that existing group pension plans need to be reviewed and possibly migrated to a new type of scheme.
Lycetts helps clients understand what should happen to existing group pension plans and how to manage their transfer across to auto enrolment schemes. Each year, a dedicated Lycetts adviser provides clients with a review of group pension plan performance over the past 12 months, including a review of the default investment fund, and helps with employee enquiries.
Have a query yourself about group pension plans? Get in touch to get your questions answered by one of our professional advisers today.