Why should companies regularly review their pension fund solutions?
Pension funds are increasingly struggling with low interest rates and a rising life expectancy. In order to meet their pension commitments, they have to cut back on the benefits they promise.
That is why it is important that companies take a close look at their pension funds. Although all pension funds have the same aim – to ensure they can pay their current and future pensions – in certain cases there are huge differences in terms of the interest paid on retirement assets, conversion rates and administration costs.
By regularly reviewing your own pension fund solution, in some cases you can save on unnecessary costs, or thanks to higher interest, your pension fund assets and those of your employees will attract more interest. A pension fund check shows where there is room for improvement with your current solution.