The teachers' pension scheme - what's the alternative?
Why review your benefits and rewards programme?
The planned contribution increases to the Teachers' Pension Scheme (TPS) will undoubtedly have a financial impact on independent schools.
But this isn't a pensions challenge, it's an opportunity for you to review your overall benefits package so you can reward your staff now and in the future.
- Understand your options
We are already working with several independent schools, as well as the Independent Schools Bursars Association (ISBA), to create a benefits package for any schools that may be considering leaving the TPS.
- Create rewards packages your staff will value
Give your employees access to a range of benefits and discounts that support their physical, emotional and financial wellbeing both now and in the future. We can also help you to communicate your new proposal to your staff to help them understand and value them.
How our consultants can help
Designing and engaging your staff in an employee benefit and reward strategy that works for both you and your employees needs to be a priority.
We can help you to deliver a wellness strategy that finds the right balance of employee benefits to maximise the physical, emotional and financial wellbeing of all of your employees.
Download our whitepaper
Read our in-depth report 'The pensions problem and independent schools: is there a life outside the Teachers' Pension Scheme?' that looks at the current situation and your alternative options.
Mercer Marsh Benefits (MMB) is a trading name of Jelf Insurance Brokers Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA). Not all products and services offered are regulated by the FCA (for details see marshcommercial.co.uk/info/terms). Registered in England and Wales number 0837227. Registered Office: 1 Tower Place West, London, EC3R 5BU.