ZEDRA Group’s Post

Some interesting learnings from meeting an umbrella founder last night 🍺 (It was Lucky Saints saving the morning today) Last night had the pleasure of meeting a Founder of one of the larger FCSA Umbrella companies what was admirable and eye opening to find out; 🪛 Efficient Umbrellas are able to run payroll for 1,000’s of contractors with extremely lean teams due to smooth processes but one f*ck up can cause HUGE headaches and customer support requests 🪛 Understandably given this umbrellas are more cautious to change than traditional businesses given the minimal margin for error 🪛Very low barrier to entry space and therefore finding new ways to retain contractors can be tricky 🪛 Pensions can often get left out as they are seen to be complex and a headache to change - even though it may benefit the contractors, especially given the tight resources 🪛 The contractor market continues to grow annually - even though there a handful of bad apples on the whole the umbrella market strives to really care for their contractors 🪛 Simplicity is key when it comes to processes like pensions & support P.S If you’re an umbrella leader and interested to find out a way a more supportive retirement tool could benefit your contractors - it would be great to chat with you. At Jarvis we are building an integration first retirement planning tool #umbrella #contractor #pensions

Myth busting the cost of workplace benefits! As an employer, you may be concerned that implementing a workplace benefits scheme will be expensive. However, experts such as Corinthian can guide you to the most cost-effective "big ticket" items (e.g. pensions and healthcare). We can also work with you to create low or no-cost options to complement these. If you'd like to find out how we can help you, DM me - I am ready to help! #Benefits #Healthcare #Pensions

The strategic partnerships continue. 🤝 We felt a strong affiliation with the team at Penfold when we met at Accountex in London. So strong that we moved over our own team at Efficient Ops. With this change, our payroll team has benefitted from simplified information sharing but the biggest advantage has been felt by our team members. Pensions are simplified with the user-friendly app and our team now have: 🌟Full visibility of pension contributions 🌟The ability to easily find and transfer old pension pots 🌟A choice of plans to match their values and lifestyle 🌟Friendly pension planning advice Fast-forward a few months and we are delighted to share that we have finalised our strategic partnership with Penfold. Through the collaboration of Efficient Ops and Penfold, businesses will gain the ability to navigate the intricate landscape of pensions. Efficient Ops' clients can now leverage our experience to offer a best-in-class pension solution. Contact us to learn more about how this collaboration can benefit your organisation. #pensions #financialplanning #partnership

We are absolutely thrilled that Isio has signed up as a Living Pension employer. Isio has been a champion of the Living Pension since day one and continue to be integral to its success. They provided invaluable expertise during the development of the scheme and now assist their clients in implementing the standard and becoming Living Pension Employers. The Living Pension movement has gone from strength to strength since its launch in March 2023, with over 30 employers like Isio now signed up to do more to help their workers build pension pots that mean they can live decent lives in retirement. Find out more about the Living Pension by following the link in the comments 👇 #LivingPension #LivingWage #Pensions #Retirement #Savings

Myth busting the cost of workplace benefits! As an employer, you may be concerned that implementing a workplace benefits scheme will be expensive. However, experts such as Corinthian can guide you to the most cost-effective "big ticket" items (e.g. pensions and healthcare). We can also work with you to create low or no-cost options to complement these. If you'd like to find out how we can help you, call us - we're ready to help! #Benefits #Healthcare #Pensions

Some of the reasons why the Isle of Man is a jurisdiction of choice for multi-national employers, their international pension plans and employee benefits... Considering the options available to you as an EBC or Global Benefits Manager? Why not look at what the IOM has to offer Employee Benefits Isle of Man http://www.eb.im/ #employeebenefits #isleofman #ebiom #internationalpensions

Myth busting the cost of workplace benefits! As an employer, you may be concerned that implementing a workplace benefits scheme will be expensive. However, experts such as Corinthian can guide you to the most cost-effective "big ticket" items (e.g. pensions and healthcare). We can also work with you to create low or no-cost options to complement these. If you'd like to find out how we can help you, call us - we're ready to help! #Benefits #Healthcare #Pensions

Myth busting the cost of workplace benefits! As an employer, you may be concerned that implementing a workplace benefits scheme will be expensive. However, experts such as Corinthian can guide you to the most cost-effective "big ticket" items (e.g. pensions and healthcare). We can also work with you to create low or no-cost options to complement these. If you'd like to find out how we can help you, call us - we're ready to help! #Benefits #Healthcare #Pensions

Attention Fenero Umbrella Company Contractors! A reminder that our next live webinar on a new topic of “Pensions, Income Protection and How to Maximise Them” takes place this week at 1pm on Wednesday, 17th January. 📅 This webinar is exclusive for Fenero contractors operating through an Umbrella Company, and you should have received an invite to your email from your Account Manager. The webinar will support your awareness and understanding of how best to utilise pensions, how to set up a pension as a contractor or what to do if you have an existing pension, and we will also discuss topics such as income protection. The webinar will be live and hosted by Sarah Flynn, our Head of Customer Knowledge, and Karena Duane, Head of Client Services in our sister company Guardian Financial Advisors . Sarah and Karena will discuss the various pension options available to you and touch on common FAQs such as: 👉 How much can you contribute to a pension? 👉 What to do if you have an existing pension? 👉 What happens to a pension when you cease contracting? 👉 When can you access pension funds? 👉 What benefits does contracting offer when making pension payments? You should have received the link to sign up from your Account Manager, but if not feel free to reach out to us and we will share it with you!

PPF consolidator – Pension saviour or scheme cannibal? I ask if a Pension Protection Fund consolidator will cannibalise the defined benefit pension private sector or be a small scheme saviour in Professional Pensions. The text below is from the opening of my feature just published in Professional Pensions today. The Pension Protection Fund (PPF), one of the largest pension schemes in the UK, could be set to be a crucial part of a re-energised new British retirement landscape. The DWP's Options for Defined Benefit Schemes consultation paper, published earlier this year, promotes the idea of a new PPF role as a public sector consolidator (PSC) to run on schemes. The hope is to supplement and complement the range of existing choices available to trustees. The paper also proposes an enhanced backstop for the PPF, a 100% underpin in case of insolvency for schemes paying a super levy. Revolutionary idea? More revolutionary is the proposed PPF's new consolidator role for the defined benefit sector. The market remains highly fragmented with a long tail of smaller schemes – 75% of schemes have assets of under £100m. These smaller schemes can face per member running costs several times higher than larger plans but existing consolidation options mostly focus on larger schemes. Is this an idea whose time has come? Huge thanks to everyone who contributed to my thinking and the finished article, including Gavin Lewis, the PPF's Katherine Easter, Charles Ward, Nicole Weiner ACC , Nicholas Clapp, Jos Vermeulen, Penny Cogher, Burges Salmon's Richard Knight, Maggie Rodger, Hilary Salt, Susan McFarlane (She / Her), WTW's David Robbins and the PPF's Michelle Ostermann, Emmanuel Ofosu-Appiah, MPRCA and especially to Jonathan Stapleton, editor of Professional Pensions for the regulator commissions and his fine editing. The article is available to read in full at https://lnkd.in/e7y98wf5 #Definedbenefit, #pensions, #law,#reform #compliance, #consolidation, #PPF, #DBfunding, #smallschemes, #pensionlaw, #pensionconsultants, #actuarial, #assetmanagement, #institutionalinvestment, #trustees #pensionspolicy