client login

Pensions

Reducing the costs on your workplace pension

Implementing a salary exchange pension and improving employee engagement

Pensions play a crucial role in securing a comfortable retirement. By optimising workplace pension costs through strategies like salary exchange, businesses can enhance their financial efficiency. This approach not only reduces expenses but also boosts employee engagement once we inform them of the benefits. Introducing a salary exchange pension system empowers employees to make smarter financial choices, leading to a more prosperous retirement and a more engaged workforce.

Group Pensions

Providing all employees with knowledge of financial planning tools and a process which will enable them to design, plan and manifest their best life. Delivered via group presentations, a video program and 1-1 meetings.

Salary Exchange

Salary exchange pension, also known as salary sacrifice, is a type of workplace pension arrangement where an employee agrees to give up a portion of their salary in exchange for increased contributions to their pension fund. This reduces their taxable income, resulting in potential tax savings and higher pension contributions.

Annual Pension Governance Report

Our Annual Pension Governance report will cover the following:

-Plan Governance-Design and Management-Contribution Structure

-Cost and Transparency

-Asset and Member Protection

-Communications and engagement

-Retirement Services-Investment (performance, fund choice etc)

Pensions

Your JOURNEY

Sounding board

Be a sounding board and advisor for the group pension journey and roll out.

Reviewing existing group pension arrangement and analysing fees, performance of the default fund, fund options and employee interaction.

Cost-effective solutions

Agree on a new pension set up and research the most cost-effective solutions.

Go to the whole of the market to make sure the new pension scheme is less expensive, offers salary exchange, has a larger investment choice and has performed historically better.

Staff education

Once implemented, we will educate your staff on the pension in place to increase awareness.

It is crucial that employees understand what their employers have got in place in case there are times of need. By understanding the importance of a pension, through our 1-1 sessions, 20-30% of employees will look to increase their pension contributions – further reducing employer NI contributions.

Creating Long Term Wealth

 

Mark Parello

Managing Director and Chartered Wealth Manager

“

How Daintree Helped

Providing a service to improve employees' financial futures and create wealth can be a compelling factor in attracting and retaining top talent. When employees feel supported in their financial goals, they are more likely to stay with the organisation and feel a sense of loyalty. Additionally, potential candidates may be more attracted to join Venturi Group knowing that they offer services to help employees build wealth and improve their financial well-being.

Venturi Group

How Daintree Helped

SRL Traffic Systems needed help with employee retention and had a large proportion of employees that has opted out of their workplace pension. They needed a service that would inform employees of the benefits they have in place and the importance of saving for retirement now in order to enjoy life after work. Regular progress assessments: Daintree conducts regular assessments of employees' retirement savings progress, providing feedback and guidance to encourage active participation and ensure employees stay on track towards their retirement goals. Employees did not have this service before, as this is a benefit provided by SRL.  

SRL Traffic Systems

How Daintree Helped

Working with Daintree Wealth Tomorrow, KPMG Acceleris have implemented a market leading benefits package including: Death in Service Protection, Income Protection, Critical Illness Protection, an Employee Assistance Program, a new Salary Exchange Pension Scheme and Daintree’s ongoing 1-1 Financial Education service. KPMG Acceleris now have the foundations in place to attract and retain the best possible employees. Daintree’s team are available at any time to take calls from team members. The 6 monthly review service also provides employees with the opportunity to meet our specialists about their personal finances, employee benefits and revisit their future plans and goals.

KPMG Acceleris

How Daintree Helped

Travel Counsellors wanted to expand on their benefits package to their employees, implement a salary exchange pension to save on National Insurance payments and introduce a financial wellbeing service to all employees. Improved Financial Well-being: Introducing a financial well-being service to all employees demonstrates Travel Counsellors' dedication to supporting their employees' financial health. This service can provide resources, education, and guidance on budgeting, savings, investments, and retirement planning, empowering employees to make informed financial decisions.

Travel Counsellors

How Daintree Helped

“At MoneyPlus we are all about looking after our consumers and our work colleagues. For sometime now we have been looking to work with a financial services company that will take care of the pension needs of our people. We wanted to find a company that shared our values as well as making sure that the process was simple, straightforward and didn’t detract too much from our everyday job. In Daintree, I’m convinced that we have found such an organisation and I look forward to working with them for years to come.”

Chris Davis

CEO