WHY A CONSULTANT?
In pension plan management, it is possible to deal directly with a service provider or to use the services of a consultant, such as BGY.
Our experience tells us that it is better to use an independent consultant. Below are some specific benefits accessible through a specialized consultant such as BGY:
- Contributes to financial education and participants’ financial wellbeing*
- Protects the interests of participants and sponsors by ensuring the quality of basic services
- Continuously monitors the plan’s compliance with applicable standards, laws and guidelines
- Carries out an independent monitoring of providers and guides the sponsor in the best choice according to the objectives and corporate needs
- Ensures independent access to efficient and diversified tools
- Fairly negotiates fees charged by the provider
- Enables peace of mind and reduces sponsor responsibilities **