Following a comprehensive selection procedure, Prosperis Ltd was
appointed independent financial advisers by the Board of Trustees
of a local charity.
The Charity employs 120 staff and the primary task at that time was
to undertake a review of the Charity's Employee Pension Scheme. The
background to this was significant staff dissatisfaction with the
incumbent adviser, particularly in the supply of information,
advice and general client care. It was also believed that the
Employee Pension Scheme was not providing sufficient return for the
employees on their pension investments.
A thorough review by Prosperis Ltd led Trustees to accept a
recommendation to close the existing scheme and replace it with an
improved scheme. Staff were individually interviewed and options
discussed. Feedback on this process was first class, with staff
receiving a level of information and advice that was unprecedented
for them.
The change to the new pension scheme was a complicated process.
However, Prosperis Ltd guided the Trustees through this process,
leading to a smooth transition from the existing scheme to the new
scheme.
The Group Life Scheme was also reviewed and improved terms at no
extra cost were achieved.
Prosperis Ltd continues to act as the Charity's IFA providing
employee/member information and undertaking events on a range of
financial topics.