Pension Renewal Checklist
Is your Pension Scheme adequate?
The following checklist may help.
- Has this been reviewed following the introduction of the ARF's?
- Has the company expanded its workforce to the extent that there could be new entrants?
- Have you any aspirations towards early retirement?
- If you are within a few years of retirement, would you be interested in maximising your funding?
- If you are at retirement point, have you thought about the back dated AVC facility?
- Is there cover in respect of:
- Group PHI?
- Life Assurance?
- Group Critical Illness?
- Are there any categories of employees who are not presently covered?
Adequacy of Cover:
- Is the level of cover adequate?
- Are pension premium costs covered under Group PHI?
- Are spouses pensions provided under the Life Assurance benefit?
Additional Voluntary Contributions:
- Is there provision for AVC's?
- If you do not hold the main pension scheme, is the company happy with its existing AVC scheme?