Employers

Using the action plan, we then design the new pension scheme. In doing so, we look beyond the scheme itself. Our pension specialists work together with our HR, finance and IT specialists. We map out how pensions relate to other employment conditions such as salary, bonuses, leave schemes, development opportunities and sustainable employability. We compare the scheme with the market and assess how it fits within your company’s global pension strategy. Together, we determine which choices best suit your organisational culture, financial framework and employee population. 

When designing the scheme, we clearly set out the various (financial) implications: 

• We provide a cost projection for both employer and employees.  
• We show how the pension accrual in the new scheme compares with the current situation.  
• We benchmark the scheme against the market. 

Together, we ensure that your company’s pension scheme is not only Wtp‑compliant, but also contributes to employee satisfaction, employer branding and the sustainable growth of your organisation. 

We analyse whether changes to the pension scheme will have adverse effects for your employees. If so, there may be grounds for appropriate compensation. Using our validated calculation models, we provide insight into different forms of compensation. We take into account both the impact at individual level and the broader organisational context. Where compensation is desirable or necessary, we offer tailored advice on a solution that fits the preferences of your employees and the financial and organisational capacity of your business. 

Throughout this process, we support the organisation in effective consultation with employee representatives (trade unions or works council). 

Once agreement has been reached on the content of the pension scheme, we assess which provider is the best fit for that scheme. In many cases this will mean continuing the pension scheme with the current provider. However, there may also be reasons to move to a different provider. With our extensive market experience, networks and data, we bring structure to the various selection criteria. In doing so, we help organisations choose an appropriate provider.  

We also assess whether any mandatory participation in an industry-wide pension fund applies. Where this is the case, we support the organisation in any continuation of an exemption (dispensation). Performing an equivalence test is then part of that support.  

We further assist the organisation in negotiations with the pension provider. We also support the organisation in the consent process required when selecting a pension provider.  

Once the provider has been selected, we guide the full implementation process of the scheme. We ensure that every step is carefully coordinated and executed, with an eye for detail and effectiveness. In addition, PwC provides clear and timely communication with both the provider and your employees. This ensures everyone is well informed about the content, purpose and practical implementation of the scheme. If desired, we can also support you in creating communication materials such as news items, Q&As or presentations.