Retirement Planning & Scheme Design
Ensuring your benefit package is compliant with recent legislation, and, competitive in the market place is essential.
At Invesco, we specialise in tailoring pension plans to meet the needs, and, desires of both employer and employees.
Design issues would cover:
- Retirement ages
- Retirement Options
- Eligibility rules
- Contribution rates
- Investment
- Death in service and disability benefits
- Trusteeship
- AVC's
- ARF's
Contact: corporate@invesco.ie
Benefit Administration
Administration is one of Invesco's key services.
We are unique in the Irish market place, in that we offer a single pension administration platform catering for Defined Contribution, Defined Benefit and AVC Plans. We use leading edge technology to drive efficiencies through the entire administration process. Our Clients gain from these efficiencies through improved turnaround times and reduced costs.
As well as reducing costs, this is ideal for ensuring accuracy, consistency of reporting, and access to records for all members of all Plans.
An efficient administration system is critical to the ultimate success of a pension scheme. We place considerable emphasis on the inputs for the plan, such as the design of electronic instruction sets and electronic transfer of data.
Simplicity and transparency are the two key ingredients to a successful administration service. Our "transaction-style" benefit statement is both simple in its lay out and language and transparent in its transactional approach to highlighting movements in the fund throughout the year.
Contact: corporate@invesco.ie
Web-based Solutions
Our user-friendly, transparent online benefits centre is a huge step forward in pensions administration.
All stakeholders in the pension scheme – members, trustees, sponsoring employer, consultants and
administrators – gain from the reduced paper trail and time saved in handling routine administrative tasks.
We currently offer the On-line feature to all our Clients. Features of the Invesco Benefits Centre include:
- Live benefit statements
- Transaction reports on contributions received and units purchased
- AVC projection tool
- Investment performance graphs
- Risk benefits
- Global HR Access.
- Contact information
- Member booklets
Contact: corporate@invesco.ie
Communication Guides
The importance of good communication cannot be overstated. Invesco offers a full communication service including:
- Member Presentations
- Individual/Executive counselling
- Personalised projection of benefits
- Explanatory booklets
- Individual benefit statements
Contact: corporate@invesco.ie
Investment Consultancy
Whether a pension scheme is administered on a defined benefit or a defined contribution basis, the investment of the underlying assets has a significant bearing on the ultimate benefits from the scheme.
Invesco offers a comprehensive service to trustees, employers and members, including:
- Performance monitoring
- Devising long term strategies
- Life cycle investment options
- Benchmarking
- Investment management fees
Contact: corporate@invesco.ie
Legal Services
To ensure compliance with current legislation Invesco provides a full range of legal services, including:
- Drafting Trust Deed and Rules
- Members explanatory booklets
- Drafting Deeds of Amendment
Contact: corporate@invesco.ie
International Expertise
As the Irish partner of the International Benefits Network, (IBN), we can manage global projects, utilising regional specialists around the world.
Today's business environment is truly international. Mergers, acquisitions, and other types of cross-border investments have become commonplace as successful organisations continue to seek profitable growth.
These organisations know that to succeed outside their home country they must accommodate cultural and structural differences in each country where they have local business operations.
This is especially true in the area of employee remuneration where the package needs to be competitive, motivational and cost effective in local terms. At the same time, organisations want an arrangement that is integrated as far as possible with their global benefit philosophy.
International Benefits Network is a worldwide network of independent actuaries, employee benefit consultants and brokers. Established in 1989, the network consists of recognised leaders in employee benefit consultancy in more than 40 countries.
In 2005, IBN members employed over 3,000 staff, including more than 120 actuaries and 300 consultants.
Contact: corporate@invesco.ie