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.