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Administration of membership database, recording contributions, AVCs and salary. For money purchase, monthly calculations of unit price and unit allocation |
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Individual calculations for leavers, retirement and death benefits and preparation of all documentation and explanatory notes for issue to member |
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Calculation of one off scenarios, e.g. early retirement and funding issues |
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Efficient service for one-off projects e.g. redundancies, acquisition or divestiture of part of business |
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Preparation of annual benefit statements for each member |
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Monitoring each member and any changes in circumstance |
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Monitoring scheme bank account and ensuring contribution payments comply with OPRA guidelines |
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Maintenance of individual Trustee bank account and full bank reconciliation on a monthly basis |
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Cash flow monitoring and liaison with investment manager to either request or invest funds as appropriate |
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Liaison with investment managers, solicitor, accountant and any other professionals |
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Calculation of pension increases, production of member letter and data extract where pension payroll is carried out externally |
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Dealing with statutory bodies; OPRA, Data Protection Registrar, Inland Revenue |
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Flexible report facility |
