Resourcing for non-core functions in-house has become a luxury few employers can afford, according to Xafinity Paymaster, and outsourcing can reduce risk and overheads.
More than two-thirds (39%) of pensions professionals said they would be more carefully managing the peaks and troughs of the in-house pension team this year as well.
Nigel Clarkson, client service and marketing manager at Xafinity Paymaster, said: "Companies are definitely reaping the benefits of cherry picking experienced pensions people to move into their business for periods of time to help cover staff movements or lead important pensions projects, where an experienced and knowledgeable pension person is required to implement change or get schemes back on track."
Future of in-house pension staff uncertain
In-house pension staff could be at risk of redundancy this year as almost two-thirds (53%) of pensions professionals think outsourcing non-core functions would become more popular in 2009.
