Deficit Management/Modelling Software

Anyone who has read a paper or listened to the news in the last ten years will have been inundated with the latest in pension news and proposed changes to pensions in all sectors of the UK workforce.

Starting with Stakeholder Pensions driven by the Welfare and Reform Act 2000 and in the early 2000’s with Lord Myners report and his ten principles for Trustees advocating the benchmarking of all advice received by Trustees to pension schemes on a regular basis. Then A-Day in 2006 marked by the Pensions Act 2004 where we saw an attempt to bring the myriad of different pension regimes and rules under one. Now we are faced with the latest legislative change in the Pension Act 2008 heralding the introduction of Auto- Enrolment and the NEST Corporation.

There has been nothing but change in the last ten years and some of this has been monumental in terms of the way that it has shaped employers approach to their employee benefits strategy.

Add to this landscape of legislative change, Quantative easing, the economic downturn since 2007, the fall of some of the worlds largest financial institutions and our aging population and you would be forgiven for thinking that there are few places left to turn to gain some rest bite from this torrent of bad news!

We are able to offer a suite of options for both Employers and Trustees who are looking for options to model the profile of their scheme in real time to be able to see the effects of the decisions that they are proposing today without the need for costly feasibility reports and crystal balls and would be glad to demonstrate this software should you feel it might be useful. This is a tool that has proven to be very useful when discussing recovery plans within the scheme and also with The Pension Regulator.