What is a good pension scheme?

In our view a good scheme rests on three points:

• Transparent. Clear costs, understandable communication and no jargon.
• Flexible. Freedom of choice in profile, accrual and contribution per employee.
• Personal. A strategy that suits the individual, not the average.

What also counts is whether employees understand and value the scheme: a good scheme nobody grasps doesn't work as a benefit. Read the impact of pension solutions on employee satisfaction.