Services

Superannuation Administration Services

We provide a range of administration services for superannuation and employee benefit schemes:

• Keeping member records
• Managing cash, cheque and deposit accounts
• Calculating and paying benefits
• Liaising with investment managers
• Preparing accounts to audit stage
• Tax liability calculations if required
• Annual update:
  • recommending interest rates
  • preparing member statements
• Drafting Trustees' report to members
• Designing application forms, welcome letters, members
• statements, exit advices, etc
• Arranging insurance

Superannuation and Employee Benefits

• Design and costing of new schemes
• Benefit comparisons, design changes, costings for existing schemes
• Drafting trust deeds, and other documentation
• Negotiation with Government Actuary and Inland Revenue
• Communications: booklets, member advices, annual reports and member meetings
• Financial condition reports, contribution rates and cash flow projections
• Executive and flexible remuneration staff benefit schemes including health benefits
• Advice on death and disability benefits, selection of underwriter (if appropriate)
• Independent appraisal of superannuation proposals FASB 87, SSAP 24, and AAS25 valuations

Long Service Leave AASB 1028

• Valuations in accordance with Australian Accounting Standard AASB 1028: Accounting for Employee Entitlements
• Valuations of Long Service Leave entitlements
• Valuations of Retirement Gratuities and other cash payments at retirement
• Valuations of long term employee entitlements, e.g. Conference Leave and Sabbatical Leave for hospitals and universities
• Valuations of Sick Leave
• Cash flow projections and valuations split by cost centre

Investment

• Satisfying prudent person principles
• Identifying investment objectives, constraints and risk tolerances
• Recommending asset allocation strategies
• Formalising an investment policy statement
• Review of investment policy against objectives, and benchmark returns
• Monitoring of investment performance and compliance with the investment policy statement
• Investment manager selection
• Asset/Liability projections/matching
• Maintaining both quantitative and qualitative data on New Zealand investment managers

General Financial Advice

• Analysis of capital projects
  
• Financial modelling and control systems
  
• Cost benefit analysis of investment opportunities
  
• Evaluation and audit of complex financing alternatives for plant and equipment
  
• Asset valuations
  
• Income tax accrual calculations