This is a study and step-by-step guide to the benefits and drawbacks of the process of outsourcing pensions. Adopting a practical and accessible approach, the text gives case studies of successful and unsuccessful sourcing and useful checklists to provide an aide-memoire to readers. The book covers: outsourcing in the wider business context; history of pensions outsourcing; outline of the steps involved; reason why companies outsource (with checklist); helpful hints; case studies; what pension functions to outsource; what wider functions to outsource - payroll, HR; deciding on the outsourcing process; specifying the areas of work to be outsourced; identifying potential outsourcing partners; conducting the tender; evaluating and deciding; due diligence investigations; contractual issues; the ag reement; hand-over and implementation; ongoing management; monitoring the process; contingency measures; and getting the most out of the relationship.
Publisher: LexisNexis UK
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