In today’s competitive business environment, offering a robust workplace pension plan is not just a benefit; it’s a necessity. A workplace pension is a retirement savings plan that employers set up to help their employees save for their future. Contributions are made by both the employer and the employee, ensuring a steady accumulation of funds that employees can rely on once they retire. This not only provides financial security for your staff but also demonstrates your commitment to their long-term wellbeing. At SYS Group, we understand that a great workplace pension plan can significantly enhance employee satisfaction and loyalty. Our offering stands out in the market due to several key features designed to provide the best journey for your employees:

• Market-Leading interactive Portals – We provide state-of-the-art interactive portals that transform the pension management experience. These portals are user-friendly, allowing employees to easily track their contributions, monitor investment performance, and project their retirement savings. The intuitive design ensure that even those with minimal financial knowledge can navigate and manage their pension with confidence.

• Personalised Retirement Planning Clinics – Understanding that each employee has unique retirement goals, we offer regular one-to-one retirement planning clinics. These sessions re conducted by our experienced financial advisors who provide personalised guidance and support. Whether your employees are just starting their careers or nearing retirement, our advisors help them create and adjust plans to meet their specific needs and aspirations.

• Tailored Investment Advice – In addition to offering a wide range of investment choices, we provide tailored investment advice to help employees make informed decisions. Our expert advisors consider each individual’s financial situation, retirement timeline, and personal preferences to recommend the best investment strategies. This personalised approach ensure that every employee’s pension plan is optimised for their unique circumstances.

• Master Trust Solution – Our master trust solution simplifies pension management for employers while offering robust protections and benefits for employees. It provides a cost-effective, compliant, and well-governed pension scheme that leverages economies of scale to deliver high-quality investment options and administrative efficiency. This ensures that both employers and employees enjoy the benefits of a well-managed pension scheme with minimal hassle.

Auto enrolment is a new government-led pension savings scheme that will mandate eligible employees to be automatically enrolled in a workplace pension plan by their employers, unless they opt out. Though there is a degree of scepticism about its merits, we recognise that it serves as a powerful conduit for increasing pension participation and in securing financial certainty for many.

We acknowledge the diversity among businesses, each with its unique employee demographics, contractual obligations and internal dynamics. Making auto enrolment work is not a one-size-fits-all scenario. We advocate for a nuanced approach, tailored to each company’s specific needs and objectives. Understanding the intricacies of this system can greatly benefit your company.

Our commitment lies in providing insights into the auto enrolment framework that can make a meaningful impact on helping companies and their employees make it work for them. We believe in fostering open dialogue with our clients, empowering them to make informed decisions. Which approach should you take for auto enrolment: fully embracing it, strictly limiting integration with your own pension scheme, or adopting a blended approach that combines elements from both systems? That’s a question we navigate together, leveraging our expertise to arrive at an optimal solution.

For more information, download our guides to navigating auto enrolment – Guide to Auto Enrolment and Navigating Auto Enrolment

In today’s competitive business environment, providing a comprehensive workplace health and well-being package is essential for attracting and retaining top talent. A workplace health and well-being offering encompasses a variety of benefits designed to support the physical, mental, and financial health of employees and their families. Key components of this offering typically include:

• Death in Service: Financial Protection for an employee’s family in the event of their death.
• Income Protection: Financial support if an employee is unable to work due to illness or injury.
• Private Health Insurance: Access to private healthcare services, ensuring prompt and high-quality medical treatment.
• Dental Insurance: Coverage for routine and emergency dental care.
• Health Cash Plan: Reimbursement for everyday healthcare expenses, such as optical and dental costs.
• Employee Assistance Programmes: Confidential support services, including counselling and advice on personal and professional issues.

As well as market-leading workplace pensions, death in service, income protection and health insurance offerings, we extend to your employees expert personal financial planning, savings and investment options, retirement strategies and mortgage supports. We also provide expertise on the special circumstances that apply to employees who have spouses working in the public sector. Our advisory services are personalised to cover diverse financial needs and help achieve financial security when your employees need it most. Our range of advice is as follows:

• Financial Planning: Comprehensive strategies to manage and optimise your financial resources.
• Protection: Protecting your income and expenses to ensure long-term financial stability.
• Retirement Planning: Tailored plans to secure a comfortable and financially stable retirement.
• Investments: Expert guidance to maximise returns on your investment portfolio.
• Inheritance Planning: Strategies to efficiently transfer wealth to future generations.
• Mortgages: Advising on the best mortgage options to sit your financial situation and goals.
• Pension Adjustment Orders: Assisting with the division of pension assets during a divorce or separation.
• Forensic Investment Analysis: In-depth review of investment performance and strategies for optimisation.
• Public Sector Pensions: Specialised advice on maximising benefits from public sector pension schemes.