Adviser > Corporate > Defined Benefit
Defined Benefit
All the essential components
of a
defined benefit plan and
a provider that you can rely on.
Now that many pension companies are withdrawing from the defined benefit market, it can be difficult to find a provider that you can rely on.
We provide all the essential components of a defined benefit plan and the option to build a customised package, all backed up by first class service and a unique online administration platform.
We know that every plan is different. That's why we allow trustees and employers to custom build their pension plan services. They can mix and match from a comprehensive list of services.
The basic core services required to run a defined benefit plan
- Actuarial
Valuations, review of actuarial rates and factors, liaising with the plan actuary.
- Administration and documentation
Creating an maintaining membership records, making pensioner payments, preparation of draft booklet amendments.
- Accounting
Set up and running of trustee bank account, summary year end balance.
Additional services
- Actuarial services
Pension Protection Fund work, annual plan valuations, provision of draft valuation results.
- Administration and documentation
Storage and maintenance of member addresses, member helpline and customised draft member booklets.
- Accounting
Preparation of plan accounts and cash flow anlayses, FRS17 work for the employer.
Insured bundled plans
If the unbundled services option isn't right for your clients, we can also provide a fully insured solution covering all the basics of administration, legal, investment and actuarial. Providing services all under one roof provides predictable, clear costs.
Find out more
For more information on our defined benefit services please contact your usual Scottish Life representative or call us on 08457 19 20 21.
