Overview Registration and Governance of the Scheme
Over and above scheme fund administration we provide scheme benefits consulting services. We provide the following consulting services:
Scheme Conversions & Set Ups
Scheme winding up and liquidations
Scheme membership data audits
Services Scheme Membership Data Audits
These services can be offered independently or jointly in the event that we provide scheme administration services for the client. For example, before we take on a scheme we ensure that the data we have received is correct before we input it into our system.
In such a case we will carry out a scheme member data audit to ensure that the data is correct, this is usually an added value to the clients we have under the scheme fund administration.
We have two types of schemes, which are the defined benefit and the defined contribution scheme. We assist clients who may wish to convert their schemes in this case from the defined benefit scheme to the defined contribution scheme.
We also assist organizations that were previously under a gratuity arrangement to convert the gratuity into a pension scheme.We help them to set up the scheme and have it running in the shortest period possible.
Scheme Winding Up and Liquidations
In the unfortunate event of the closure of a company, we assist the company that is closing down in winding up their pension scheme and ensuring that each beneficiary of the scheme is contacted and the winding up and liquidation of the scheme is done in a satisfactory and transparent manner.
We also ensure that the benefits are paid out to the last, to all the rightful beneficiaries.