Occupational Pension Plans
Occupational pensions (CIMP, COMP and AVC) are trust based pension plans where the trustees take decisions regarding the pension scheme management, including deciding what funds should be made available to members.
When moving pension schemes from a DB (Defined Benefit) structure, Trust based DC (Defined Contribution) allows the existing Trust structure to be maintained.
Occupational pension plans can be operated as bundled/full service plans, where both administration and investment solutions are provided, or as Investment Only gaining access to Fidelity’s extensive DC Fund Platform without the need to change administrator.
The Fidelity difference
- Fees can be structured on an all inclusive basis or with recordkeeping fees and reduced investment charges
- No need to change the existing Trust Deed because Fidelity can accommodate existing plan documentation
- A market leading DC Fund Platform, offering the possibility to create your own investment menu from a wide range of funds, managed by Fidelity as well as other leading fund managers
- Flexible investment solutions, including lifestyle funds, white labelled/client specific funds and tailored portfolios built on underlying funds with different asset classes and managers
- High quality in-house administration, using a common administration platform that is fully integrated with our investment dealing system
- Dedicated project management: our experienced implementation managers hold relevant professional and project management qualifications
- Added value client management with a dedicated Relationship Director and a dedicated Client Administration Manager
- An extensive range of communication solutions for employers and employees to meet both initial and ongoing plan requirements
- Comprehensive and easy to use online facility, PlanViewer, providing plan sponsors and members with full plan and fund information along with planning tools, news and other educational tools
- Dedicated UK based DC Helpdesk; members can contact us by telephone, email or post. 95% of all queries are answered without the need for a call back
Fees
Specific charges are determined on a case-by-case basis and will depend on the profile of the Plan and the funds selected. For information about Fidelity's fees, please contact us.
