Saving your company money

Securing the best terms for our clients

Being part of the Hargreaves Lansdown Group affords Corporate Solutions enviable economies of scale with many of the leading providers. At the same time, we treat pension providers as partners, adopting a collaborative approach to reduce their costs. In doing so, we can frequently secure far better terms than any of our competitors.

How do we reduce provider costs and secure better terms for our clients?

• In-house production of client-facing literature
• In-house helpdesk for scheme members
• Employee education often leads to high employee take-up and contribution levels to increase premium – hence providers are prepared to offer better terms
• High retention of schemes implemented

We are also one of the largest direct contribution brokers in the UK. The net result is that most providers want to work with us and therefore offer us preferential terms. As with the whole of Hargreaves Lansdown, we pass these discounts on to our clients allowing them to receive the best service at the best price.

Trust / contract comparison service

We have developed software to compare overall scheme costs for occupational pension schemes (OPS). The following typical OPS costs can all be incorporated into the trust/contract-based analysis:

• Investment charges
• Legal costs
• Third party administration costs
• Trustee insurance
• Adviser and auditor fees
• The pension protection and pension administration levies

The analysis results include cash flow projections, employer cost savings, total scheme costs expressed as an equivalent annual management charge, and break-even points for re-investment of part of the cost savings back into the scheme to ensure no member is worse off following the scheme restructure.

Even if your pension scheme was established fairly recently, Hargreaves Lansdown may still be able to lower the cost and improve the service levels on it.