Tolley's Guide to Managing Pension Scheme Change

This practical guide looks at pension scheme design and redesign, including the flight from defined benefit (DB) schemes to defined contribution (DC) schemes. It considers the implications of this controversial issue and gives guidance on how to survive and manage the change and how to administer new scheme processes.

Tolley's Guide to Pension Scheme Change includes:

• Analysis of existing remuneration and benefits packages
• Analysis of factors driving changes, in particular new accounting practices - FRS17, MFR and demographics
• A step-by-step guide to changing your pension scheme from DB to DC
• The cost of managing and administering the scheme
• Legal aspects of managing change
• How companies are responding and gaining the competitive edge
• New hybrid pension schemes
• Risk benefits
• The Pickering Review and Simplification Case Studies

Written in a practical and accessible style, this Guide serves as a valuable and strategic insight for those running or advising on a pensions scheme and assessing its financial viability and security. The Guide will be an essential reference work for pension managers, actuaries, advisers, consultants, lawyers, and employers dealing with pension schemes.