Scheme closures
Continuing legislative changes are forcing many employers to take urgent action to address concerns over final salary pension schemes.
The processes involved in closure to new entrants, scheme closure and even intermediate steps like career averaging are complex but often made worse by a lack of clear advice and guidance.
At the same time, the law imposes strict rules on consulting with employees over pension scheme changes. Many closure processes become unnecessarily confrontational through inadequate focus of the surrounding consultation and communication processes.
Outset is here to guide you through these processes.
The processes involved in closure to new entrants, scheme closure and even intermediate steps like career averaging are complex but often made worse by a lack of clear advice and guidance.
At the same time, the law imposes strict rules on consulting with employees over pension scheme changes. Many closure processes become unnecessarily confrontational through inadequate focus of the surrounding consultation and communication processes.
Outset is here to guide you through these processes.