- Helping members of occupational pension schemes to better understand their benefits.

22nd May 2019
:: Trustee | The Boardroom | Pension Analysis Tools

Pension Analysis Tools
Defined Benefit Schemes:
Our questionnaire is essential to data collection for a Pension Analysis (also see our transfer analysis forms). This will help you to understand the questions that your scheme members expect to have answered if they are undertaking a review of their retirement provision (usually using the services of a financial adviser).
Most defined benefit schemes offer much more than just a pension, like ill-health, death benefits, a retirement cash lump sum, or life cover. A pension analysis reveals the strengths and weaknesses in your scheme members’ benefits – our forms will help you to provide all the necessary information, and help them and their advisers plug any gaps in their retirement planning. 
A pension analysis (which is different to a transfer analysis) - where a scheme member reviews his/her retirement provision from time to time - is an essential service for any adviser. It is a fundamental part of any financial healthcheck.
Understanding WHY advisers request this data will help you to improve your pension communication to your scheme members. Don't underestimate the importance of comprehensive data. Some schemes provide comprehensive information for their scheme members whilst others might be less helpful.
Providing the right information will therefore ultimately assist YOU as a Trustee (as it cuts down on repeat questions and duplication of services), thereby saving YOU money. Regulators and Ombudsman will also expect it of you if there is ever a complaint.
Pension Analysis & Pension Transfer tools in
‘The Boardroom’ costs only £15 pm

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