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Pensions for Senior Managers
1. The Benefits
Occupational pension schemes are expensive but the value they create usually makes the outlay worthwhile.
1.1 By offering a superior occupational pension scheme, a firm differentiates itself from its competitors and attracts the best staff.
1.2 Providing attractive employee benefits retains key senior individuals who are crucial to the survival of a business.
1.3 Good employees should be rewarded and pensions are seen as a valuable benefit. Ensuring staff are well looked after creates loyalty.
1.4 Delivering robust benefits for senior employees motivates upcoming talent.
1.5 Company pensions help provide financial security in increasingly uncertain times.
1.6 In reality, a pension scheme is no more than deferred salary.
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