Auto-enrolment will deliver a company pension scheme for all; however, it will also deliver a mass of additional administrative tasks that will place a strain on both your HR administrative resource and the systems you use to manage this.

This chapter is about how pension schemes ensure that they have the money to fulfil their obligations of paying out benefits to pensioners and their dependents. Specifically, the chapter is about ‘funded’ pension schemes -- those in which benefits (the schemes’ liabilities) are met from a fund built