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Pensions Advisory

PebblesHow pensions are managed – and the risks, costs and potential opportunities associated with them – remains one of the biggest issues facing Boards today.

We recommend that companies work towards an integrated pensions strategy. This will allow for an optimised cashflow position, as well as efficient and complementary tax, treasury and accounting arrangements. An integrated pensions strategy will also ensure that a company’s pension arrangements are designed to support the overall talent agenda.

We have a market-leading, multi-disciplinary Pensions Advisory team that works with companies to consider and agree the objectives of an integrated pensions strategy with a view to designing and implementing innovative pensions solutions in the areas of funding, benefits and operational matters.

Our view of an integrated pensions strategy

Click below to see a larger version of the diagram (PDF, 58 KB):

Integrated pensions strategy

Funding strategy for defined benefit pension schemes

  • Deficit financing
    Deloitte can offer a series of solutions to help companies fund their pension deficit and manage their commitments to the pension fund on an ongoing basis, taking into account HMRC's new ABC rules.
  • Risk reduction
    We can help you understand the current pension risks that the company is exposed to, and assist in selecting the most appropriate approach for managing these pension risks.
  • Valuation advisory
    We use market-leading asset and liability modelling and detailed research into investment market conditions to review funding valuation assumptions. Companies can then use our findings in their negotiations with Trustees to promote understanding of investment risks and the extent to which those risks should be mitigated.

Benefits strategy

  • Pensions alternatives
    For many people, traditional pension schemes may no longer be an appropriate or efficient way of saving for their future. However, there are choices available, from the simple offer of cash alternatives to more involved solutions.
  • Tax efficiency
    Your pension scheme may not be as tax efficient as it used to be. Now is the right time to review your arrangements to ensure they remain as tax efficient as possible.
  • Auto-enrolment and NEST
    The Government has introduced new duties on companies, including the requirement to auto-enrol employees into a pension scheme. We can help you assess the appropriateness of your existing pension arrangements or whether participating in the new National Employment Savings Trust would be preferable.

Operational strategy

  • Efficient investing
    We constantly look at market opportunities and innovative ways of adding value to our clients’ portfolios. We have advised clients to take advantage of market opportunities to enhance returns, as well as to alter their investment policies to avoid potential market bubbles.
  • Governance
    Pension pooling allows different international pension funds to “pool” their investments. Pension pooling can improve the risk management and governance of a company’s global pension schemes, as well as reduce transaction costs and asset management fees. There is also an increasing need and desire to develop robust governance plans for pension schemes, ensuring legal requirements are met and to cover good policy.
  • Administration and assurance
    We have a pension administration team with extensive experience of defined benefit, defined contribution, defined cash and hybrid pension schemes.

Useful links

  • Submit a request for proposal
  • Contact us

Pensions Advisory leadership team

  • Tony Clare
    Tony Clare
    Partner
    +44 161 455 8392
  • Gavin Bullock
    Gavin Bullock
    Partner
    +44 20 7007 0663
  • Chris Coulston
    Chris Coulston
    Director
    +44 20 7007 2117
  • Nigel Pickard
    Nigel Pickard
    Partner
    +44 121 695 5859
  • David Robbins
    David Robbins
    Partner
    +44 20 7007 2810
  • Neville Bramwell
    Neville Bramwell
    Partner
    +44 20 7007 2971
  • Stephen Woodhouse
    Partner
    +44 20 7007 6621
  • Varinder Allen
    Senior Manager
    +44 20 7007 0408
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