Hymans Robertson LLP has been appointed as defined contribution consultant to the Trustees of Michelin UK’s Pension and Life Assurance Plan. The Firm, which is the UK’s leading independent pensions and benefits consultancy, has been appointed to advise the Trustees on investment and wider DC issues, as well as to refresh the communications strategy for both the defined benefit and defined contribution sections of the Plan.
Hymans Robertson’s Investment Consultant Rona Train comments “We have been working with the Trustees for over a year to help them develop clearer objectives for the Plan and to understand more about their members’ understanding of the options available to them. We are delighted to have the opportunity to develop our relationship going forward and to cover all aspects of the development of their DC scheme. The Trustees understand the need to offer appropriate fund choices, based on their members’ needs, and we are now helping them with a communications strategy that should genuinely help their members to make better decisions when planning for their retirement.”
Chairman of the Trustees, Chris Wood comments “We want to ensure that we give our members as much support as possible in making the right decisions for their retirement. Hymans Robertson have worked with us to learn more about the attitude and understanding of our members, the outcomes they might expect from their current choices and the enhancements we can make to our plan to ensure that it continues to meet our members’ needs in the future. They will also be supporting us in developing a comprehensive new communications strategy, using a range of media, which will build directly on the feedback from the recent member focus groups.”
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