Many employers have switched to a defined contribution or money purchase arrangement for current employees but have final salary obligations in relation to past service. Managing a final salary scheme requires considerable management time and this can become disproportionate when the scheme only relates to past service, and often mostly to former employees.
It is easier than you think to access a complete governance service for your final salary scheme.
Cheviot is a not for profit master trust which looks after a number of final salary schemes. Each has its own rules and is funded separately but benefit from Cheviot’s governance arrangements and access to leading edge investment strategies not otherwise available to smaller schemes.
Shortlisted for an industry award for governance, Cheviot’s approach is focused on delivering excellent governance which benefits both employers and members. The key features of the total management service include:
Excellent governance of all the issues relating to the scheme.
Your time is valuable and we want you to spend it on your business.
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