Pensions and benefits

what are the key themes for the future?

There is greater awareness amongst companies of the link between managing the risk of high cost employee benefits and greater scrutiny on the efficiency of spending on employee rewards. But companies can make significant savings if they have a strategic approach, robust implementation and a commitment to employee engagement. This seminar will help you see how.

Who Should Attend?

This seminar focuses on strategic issues and would benefit:
  • CEOs and Managing Directors
  • Finance managers and finance directors
  • HR Directors
  • Pension Managers
  • Pay and Benefits Managers

Why Attend?

  • Be in a better position to review your approach to managing DB risk, DC provision and/or maximising the efficiency of what you spend on benefits 
  • Understand what is involved in introducing a salary sacrifice or salary exchange initiative 
  • Understand the timescales involved, and the employment law and HR issues you need to plan for 
At EEF, we have seen a significant increase in the number of questions raised by members on:
  • reducing the costs and risk of running a defined benefit pension scheme 
  • reviewing defined contribution pension arrangements 
  • maximising the tax and National Insurance Contributions efficiency of money spent on benefits including introducing salary sacrifice arrangements
  • the impact of the National Employment Savings Trust or NEST initiative (formerly known as Personal Accounts), designed to encourage greater pension saving through auto-enrolment by employers. 
Recognising that these are going to be key themes for more and more employers, we have teamed up with BDO Investment Management to bring you a seminar highlighting key issues and trends in the market place.

Speakers

  • David Yeandle OBE, Head of Employment Policy, EEF
  • Judith Hogarth, Solicitor & Principal Adviser, EEF
  • Richard Farr, Partner, BDO LLP
  • Robert Kingston, Senior Pensions Consultant, BDO Investment Management Limited
  • Teresa Payne, Partner, BDO LLP

Programme

8:30 - 9:00 Registration and coffee

9:00 – 9:30 Introduction and overview

David Yeandle OBE, Head of Employment Policy, EEF

  • Trends in employer responses to managing DB risk
  • Update on National Employment Savings Trust
9:30 – 10:10 Controlling the volatility risk and cost of DB schemes

Richard Farr, Partner, BDO LLP

  • Analysing the relative impact on future service contributions and on company accounts of benefit redesign, buy out and liability management exercises
  • Developments in the buy out market 
  • Enhanced transfer value exercises
10:10 – 10:45 Is your existing DC arrangement fit for the challenges ahead?

Robert Kingston, Senior Pensions Consultant, BDO Investment Management Limited

  • Developments in the market
  • Employer monitoring and relationship with reward strategy
  • Member education
10:45 – 11:00 Refreshment break

11:00 – 11:40 Tax and NIC efficient benefit packages

Teresa Payne, Partner, BDO LLP

  • Implementing a salary sacrifice arrangement
11:40 – 12:10 Changing the reward package/closing DB schemes to future accrual

Judith Hogarth, Solicitor & Principal Adviser, EEF

  • The essential HR and employment law issues
12:10 – 12:30 Panel questions 

12:30 Close of seminar

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