Chevening Financial carried out an employee benefits review for a successful local technology company, who have 30 employees.
Whilst the company were happy with the pension and group life schemes they had in place for their staff, they were concerned that virtually all information was communicated to them via an online portal.
The existing adviser conducted a group session once a year where he gave scheme members a general update on pensions and investment markets.
David Hawes-Gatt met with the directors of the company and gathered valuable feedback not just on what they wanted but also what services the staff might like to have from an advice firm.
David took over the administration of the pension and group life schemes in February 2017, dealing with ongoing payments, claims enquiries, auto enrolment obligations etc. Chevening’s contract with the company ensured that online access to information would continue to be available to employees. In addition to this David will conduct annual individual meetings with each employee, to review their personal circumstances, including the performance of their pension funds, a review of their risk profile and providing targeted retirement plans.
Chevening Financials contract with the company resulted in a 30% saving for them in annual fees.
MW the Managing Director commented “It has been a breath of fresh air for our staff since David took over. His personal approach, where he actively engages with our staff, has gone down extremely well. This, together with a reduction in our ongoing fees, has been a real bonus for our company and the employees”.
MC Managing Director