The Retirement Plan from Atkinson Bolton Consulting
British industry spends billions of pounds on benefits or employees, but 33% of employees have no idea what benefits they are entitled to and 93% underestimate the value of their benefits package (Aon Benefits and Communications Survey 2003). How can such a state of affairs possibly represent value for money?
We know that provision of a quality benefits package enables employers to reward staff in a tax-efficient way and assists with recruitment and retention. But imagine how much more powerful that benefits package would be if it were communicated in a way that gave employees a real understanding and appreciation of those benefits.
- Above all, Real BenefitsTM is about communication.
- Ensuring employers fully appreciate the benefits they are providing, and the responsibilities that come with certain benefits.
- Ensuring employers see the value in providing benefits to employees and ensuring the benefits are both competitive in the marketplace and competitively priced.
- Providing additional added value services such as HR support, which can dovetail with benefits provision.
- Ensuring employees understand and appreciate the true value of the benefits they are provided with.
- Providing advice to employees where appropriate to assist them in selecting benefits.
Real BenefitsTM is about selecting the benefits that are appropriate to your business and providing real benefits to your employees. And not selecting benefits that are not relevant to your organisation.
For some organisations, this will be a comprehensive flexible benefits package.
Some may provide a highly competitive pension scheme with quality communication – but may need assistance when employees approach retirement.
Real BenefitsTM is about the kind of relationship your business wants, whether that be for a one-off project or flexible benefits feasibility study, or management of benefits and provision of advice to employees.
Above all, Real BenefitsTM represents the passion of the directors of Atkinson Bolton Consulting to make benefits understandable and appreciated whilst providing the best possible value for money and client service.
Cost or Benefits?
Properly structured and implemented, benefits add value to the bottom line. Poorly communicated, they are simply an additional cost. Whether you are a large corporate, a charity or a small to medium enterprise, Atkinson Bolton Consulting demystifies regulation and complexity, enhancing the value of your benefits whilst simplifying benefit structures.
Simple as ABC – The Retirement Plan from Atkinson Bolton Consulting
Most pension scheme members are in a Group Personal pension or other defined contribution scheme. Most scheme members will purchase an annuity – a guaranteed income for life – when they retire. Most scheme members will be better off, for the rest of their life, buying that annuity from a different company to the one that has invested their money up until that date.
Employers often spend a great deal of time and effort into the selection of a pension provider to whom contributions will be entrusted. But the communication exercise at the opposite end is every bit as important. After all, the point of a pension scheme is to provide a pension, an income in retirement
Our mission is simple as ABC - to ensure that everyone we deal with can enjoy the best possible retirement income, based on their circumstances and the funds available to them. This mission is at the heart of the Retirement Plan from Atkinson Bolton Consulting.
The Open Market Option is an enormously valuable weapon in the benefits armoury and the vast majority of employees will be able to exercise it, yet most do not. Those who do not are missing out on a potential uplift to their retirement income of 40% or more – per year, for the rest of their life.
Atkinson Bolton Consulting is able to search the entire pensions market to ensure your scheme members receive the best possible income for the size of their fund. Every £ we add to the pension is an extra £ for the rest of their life.