Employer Funded Retirement Benefit Schemes (EFRBS)

On 6th April 2006 the UK Government made sweeping changes to pension legislation (commonly known as pensions 'A Day'). The changes introduced the distinction between registered and unregistered schemes where a distinction between approved and unapproved pension schemes had previously existed. Unregistered or unapproved pension arrangements in the UK essentially resulted from company requirements to 'top up' executive or high earner pensions when the earnings cap for an approved pension had been reached. An Employer Funded Retirement Benefit Scheme is such an arrangement.

Objectives for EFRBS may vary significantly for employers and their employees. Bachmann is pleased to work with professionals familiar with the establishment of all types of employee incentive arrangements and provides a highly specialised service in this area.

Please contact us to discuss your specific requirements in more detail.