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InterContinental turns to Hymans Robertson

InterContinental turns to Hymans Robertson

Mark Dunne
Monday 8th May 2017

InterContinental Hotels’ (IHG) defined contribution (DC) pension plan is to employ Hymans Robertson’s technology to help improve member outcomes.

The consultant’s Guided Outcomes (GO) online tool will help members of the £55m scheme set and meet retirement income targets.

Guided Outcomes will let trustees  review member plans to assess what impact contributions and retirement dates will have on outcomes.

This is another victory for the pensions and benefits consultancy, which unveiled FTSE 100 house-builder Taylor Wimpey as a new client less than a week ago.

Independent Trustee Services director Nita Tinn said Hymans Robertson was chosen due to its understanding of the DC market helping the trustees to do more than “tick boxes” for the plan.

“We have a fairly diverse membership within the plan, and have already put in place a member forum to help us understand the different needs of the IHG workforce,” Tinn added.

“Using Guided Outcomes as a central tool within the governance of the plan will now allow us to strengthen that understanding and focus on improving member outcomes alongside our member colleagues.”

Hymans Robertson partner Rona Train believes Guided Outcomes has a crucial role to play in the retirement industry.

“As a nation, we have a chronic level of under saving with around two thirds of UK workers unlikely to retire with an adequate income,” she added.

“People clearly need to save more. By using GO to help target different parts of the membership and to help them understand what impact making changes will have on their retirement income, IHG is choosing to give its employees the chance to make the decisions that will lead to greater saving and a better future.”

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