The challenge
Here at Bravo Benefits, we’ve had the pleasure of consulting on and delivering an employee benefit solution to the team at Trtl. Trtl, famous for its innovative travel pillows that make travel comfortable, enjoyable and stress-free, approached us when they became concerned that their staff were not engaging with their pension scheme.
At the root of this was a scheme that did not deliver value for money. Trtl needed a much more cost-effective and engaging solution if they were to improve engagement and understanding amongst their staff.
The challenge
Our Pension Consultants started by reviewing their current workplace pension arrangements, following which we undertook a full market review. Our Consultants were able to find providers that offered more competitive terms and comprehensive administration support.
Once Trtl reviewed all the tenders, their teams elected a more cost-effective provider. But, serious about Trtl’s desire to deliver even more value to its staff, we proposed that Trtl introduce the concept of pension salary exchange to the scheme’s members. This strategy would provide a more cost-effective contribution basis for Trtl and its employees.
Our proposal included a recommendation that Trtl engage us to provide ongoing support and governance of the new scheme. That way, not only would Trtl get help with day-to-day pension scheme-related queries, but their employees would benefit from our educational webinars. This would help improve engagement even further.
The result
Our Pension Consultants were able to provide a cost-effective, engaging and responsive service that has helped Trtl to achieve its objectives. Not only are the staff at Trtl now enjoying better value from their scheme, but their staff are also more engaged. The team at Trtl are delighted with the result.