Tolley's Guide to Managing Pension Scheme Change

This practical guide looks at pension scheme design and redesign, including the flight from defined benefit schemes to defined contribution schemes. It looks at the implications of this controversial issue and gives guidance on how to survive and manage the change and how to administer new scheme processes. It also includes analyses of existing remuneration and benefits packages, and of factors driving changes, in particular new accounting practices - FRS17, MFR and demographics. The cost of managing and administering the scheme is covered, as are the legal aspects of managing change. Other topics include: how companies are responding and gaining the competitive edge; new hybrid pension schemes; risk benefits; the Pickering Review and Simplification; and case studies.