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CMS delivers retirement boost for Karcher UK employees
More than 180 staff at Karcher in Banbury can look forward to a more prosperous retirement thanks to CMS Financial Management.
The Bicester-based independent pension specialist has slashed the costs of Karcher UK's corporate pension plan by 20%,enabling its employees to enjoy a better pension.
Karcher UK has given a ringing endorsement to the improved scheme, which includes a commitment from CMS to provide staff with pension advice for years to come.
CMS ensured that each member had the right retirement plan for them after individual consultations about risk levels and investment performance. Members can now check on current and and projected values by accessing their own pension plan account online.
Mark Venner, Chief Operating Officer for Karcher UK & Ireland, says: "CMS's outstanding professionalism and the ease and clarity in which its advisers were able to explain a complex subject to our staff was above and beyond our expectations.
"They successfully rolled out an improved and competitive charging structure that will yield more funds to enable our staff to look forward to a more secure retirement."
Dave Marler, Managing Director of CMS, says: "We are delighted to have established a successful partnership with one of Oxfordshire's top companies.
"We are now looking forward to supporting other companies of all sizes that are looking again at their current pension plans to see whether they provide adequate value."
Picture shows: Dave Marler (right), Managing Director of CMS Financial Management with Mark Venner, Chief Operating Officer for Karcher UK & Ireland
26th April 2012