Scheme Administration

Scheme Administration

Boal & Co provide a full range of administrative services to larger company pension schemes (250+ members) in the Isle of Man. Some of these schemes also include members based in Jersey and Guernsey.

Our range of clients includes schemes that are:

  • contracted-out;
  • not contracted-out;
  • money purchase (defined contribution);
  • final salary (defined benefit);
  • hybrid.

We provide a complete administrative solution, including:

  • calculation of monthly contributions;
  • allocation of contributions to individual member accounts;
  • preparation of annual benefit statements and future pension projections;
  • preparation of unaudited scheme accounts;
  • attendance at trustee meetings;
  • ongoing advice on scheme development, including effect of future legislative changes.