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| Pension Administration |
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| Sovereign takes the view that a Pension Scheme
should be a live issue, and should constantly evolve as does your
business. |
| It is a major element of remuneration for your
employees, and it is therefore essential that without generating a lot
of extra work or expense, your Company is able to derive the maximum
benefit in terms of staff relations from this provision. |
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| The availability of such an excellent benefit
should be a major weapon in your armoury on recruiting and retaining
quality employees. |
| At Sovereign,
we take an active approach to running
schemes such as this. Our entire business has been built up from
taking care of employee benefit provisions for companies. |
| We are employee benefit specialists and are not
involved in any other type of business. |
| Summary of Services: |
- Programming of administration system to reflect Plan basis, and updating as necessary
- Continuous maintenance of member records, including ex members
- Provision of Annual Benefit Statements
- Provision of standard forms and letters and tailoring to your requirements
- Provision of other administration reports as required by the Trustees, including transaction summaries and notification of forthcoming retirements
- Calculation of entitlements and Revenue limits on retirement, death, leaving service, and completion of all relevant letters and forms
- Payments from the fund to Investment Managers, Tax Office, Contributions Agency, pensioners, receiving scheme for transfers etc
- Implementation of agreed benefit augmentations for members
- Administering Pensioner Payroll
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