Group Pension Schemes

Avenue have selected AEGON, a leading provider of Group Pension Schemes, who can make sure that you have the right pension scheme in place for your employees.

Are you ready for Pension reform?

Did you know? – Starting in October 2012 it will become obligatory for employers to put in place, and pay into a pension scheme for their employees.1

Don’t delay – Leaving this to the last minute could leave you at risk and result in unnecessary costs being incurred.

Act Now – AEGON are one of the largest providers of group pension schemes in the UK and the winner of the 2011 group pension provider of the year award.2 Avenue Purchasing Group in partnership with AEGON is delighted to offer our members an exceptional Group Pension deal.

If you have 5 or more employees, the Annual Management Charge you will pay by taking an AEGON Pension Scheme through an Avenue Purchasing Group introduction will be a maximum of 0.75%.  The Annual Management Charge for companies with a large number of eligible employees could be even more beneficial. 

This is at least a 0.25% saving against a typical stakeholder pension scheme.

The offer is available to both those setting up a new group scheme and those wishing to review existing schemes to ensure their members are receiving a competitive deal.

A saving of 0.25% in Annual Management Charges would make a 7% difference to the accrued pension benefits of a 25 year old commencing regular pension contributions maintained until their normal retirement age.3  

Employer benefits:

  • No charge for setting up the scheme
  • A dedicated Financial Adviser to work with you and your employees to set up the scheme
  • Ongoing support via the dedicated AEGON service support centre
  • Easy to use on-line portal for managing your scheme

Employee benefits:

  • An annual face to face pension and benefits review for each employee
  • Access to expert financial advice covering pensions, investments, and a range of other financial services
  • Ongoing support via a dedicated service support centre

Contact us today for more information.

 

 

Additional resources

Employer guide to pension enrolment – http://pensionsreform.aegon.co.uk/employers/

Product information – http://www.aegon.co.uk/Company-pensions/Pension-schemes-for-UK-companies/Group-Personal-Pensions/Key-facts/index.htm

Financial advice provided by

Mark Beynon
MDL Associates
51 Moorgate
London
EC2R 6PB 
 
 

1 There will be a staggered process whereby the largest firms are required to provide suitable pension schemes first working down to the smallest qualifying firms

2 Corporate adviser magazine awards 2011

3 Based on contributions increasing in line with inflation and the client retiring at the current proposed state retirement age

Past performance is not necessarily indicative of future performance and the value of investments may fall as well as rise and the income from them may fluctuate and is not guaranteed.