Grove Pensions Solutions (GPS) has launched new pensions offering aimed at employers with small defined benefit (DB) schemes. †
The service Grove Bundled is based on a back-to-basics review of DB service and consultancy models. It works by utilising lower-cost providers, establishing an over-arching risk management regime and tailoring delivery through a dedicated pensions manager.
Ken Tymms, corporate pensions manager at GPS, said: “We expect to transform small scheme governance standards at no extra cost. Indeed, we believe that significant cost reductions are a real possibility.”
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