BENEFITS · RETIREMENT PROVISION
BAKS lets companies provide for their staff collectively, and more cheaply than through individual contracts.
Free first consultation →The problem
Individual pension contracts are inefficient for many employees and administratively heavy for employers. Pooling into a collective scheme achieves better terms, less administration and higher take-up on the same budget.
Our solution
We implement a BAKS scheme for your business, with central administration, automatic salary sacrifice and scheme rules that are legally sound and economically optimised. Particularly suited to companies with ten or more employees.
Book an appointment →Worked example
Illustrative example. Take-up depends heavily on how the scheme is designed (for instance opting-out) and on how it is communicated. No specific figures are guaranteed.
The hard facts
from 10 staff
A collective scheme starts paying off at around ten employees. Pooling works as soon as several contracts are brought together.
1 system
Instead of many separate contracts with different providers, everything runs through one centrally administered system: one point of contact, one set of rules.
Pooling
The combined volume usually secures better terms than contracts taken out one by one.
+ take-up
Simple handling and automatic enrolment mean far more staff take part, making it a visible benefit for the whole workforce.
Worth knowing
A collective negotiates better terms as a whole than any individual employee could achieve, so more arrives on the same budget.
Central administration and automatic salary sacrifice noticeably lighten the load on HR: one system instead of many individual cases.
The easier it is to join, the more staff do. Automatic enrolment and opting-out models raise the rate considerably.
Every collective scheme rests on properly drafted scheme rules. We draw them up soundly and keep them up to date.
37+ years
in the market
100%
independent advice
DEWE
Certified partner of Deutscher Wertschutz e.V.
THE COLLECTIVE ADVANTAGE
A BAKS collective brings your workforce's provision together into one system, with better terms, less effort and higher participation. We design it, implement it and administer it for you.
Cheaper
Better terms through pooled volume rather than individual contracts.
Simpler
One central administration, one point of contact, one set of rules.
More effective
Higher take-up, so the benefit reaches the whole workforce.
Worth knowing
A collective scheme is particularly worthwhile from around ten employees. We assess the right design and take care of the scheme rules, the roll-out and the communication to your team.
A free first consultation, in person, by phone or by video. You then decide how to proceed.
Book an appointment →