Steria is looking to improve its online pensions platform, to enable staff to view the total value of their defined benefit (DB) and defined contribution (DC) benefits.
This would help deferred members of the IT-enabled business service provider’s DB scheme, which closed to future accrual in April 2010, get a more accurate picture of the income they can expect in retirement.†
Its current online system, provided by Bluefin, only allows forecasts and projections for Steria’s group personal pension (GPP) plan.
Matthew Johnson, reward manager at Steria, said: “We have a lot of people with deferred pensions in the final salary scheme.†
“Bluefin is looking at whether we can reflect those in the online system. The concern is, the GPP will only be a relatively small part of the overall Steria pension offering.”
Read more about group personal pension plans
